LexisNexis Partners With ICE InsureTech on Data Analytics Project

Data transmission channel. Motion of digital data flow. Transferring of big data.

In a new development to improve industry access to high-quality data enrichment at point of quote through to claim, ICE InsureTech and the wider Acturis Group are now able to connect to all LexisNexis® Risk Solutions enrichment products.

ICE InsureTech is an all-in-one software solution for the insurance sector.

The new relationship between LexisNexis Risk Solutions and ICE InsureTech solves many of the difficulties the insurance market faces in accessing data at speed at the right point in the customer journey.

You can find out more from this case study by the way, downloadable as a pdf;

ICE_Insuretech_Case_Study pdf (5)

The data sets available to users of the ICE InsureTech software platform include LexisNexis proprietary, contributory data (such as LexisNexis® Policy Insights), public credit, identification and fraud, telematics and vehicle, perils and business data.

Graham Tooke, Software House Partner Manager, LexisNexis Risk Solutions, said: “We see more insurers, MGAs and brokers seeking to access data, but not always through a traditional software house platform. As a multi-source data company, our role in these partnerships is to enable our data to reach all parts of the distribution ecosystem and to surface in near real-time in the part of the process where it is being demanded.

“It is always paramount that the highest levels of information security are in place. The principle of one connection to multiple products and multiple clients, as we call it, the ‘many-to-many’ relationship, is going to become increasingly more important.  We are therefore very excited to have forged this new agreement with ICE InsureTech.”

Andrew Passfield, CEO at ICE InsureTech, commented: “A key element to all of our ICE insurance implementations is our proven integration capability, not only working in a collaborative approach with our customers, but also with our industry partners such as LexisNexis Risk Solutions with their data enrichment solution, enabling our customers to maximise the benefits.”

About InsuranceEdgeEditor (2041 Articles)
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: