ICE InsureTech connects to all LexisNexis® Risk Solutions enrichment products, benefiting Insurers and their customers.
The insurance market can face difficulty in accessing data at speed at the right point in the customer journey. The relationship between ICE InsureTech and LexisNexis Risk Solutions aims to solve these industry challenges by improving access to high-quality data enrichment at point of quote through to claim.
LexisNexis’ data enrichment functionality has been successfully integrated within a number of the ICE InsureTech customers, supporting the insurers’ anti-fraud and counter fraud checks, along with policy rating and underwriting.
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.”
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. We are therefore very excited to have forged this new agreement with ICE InsureTech.”
The integration benefits Insurers by providing a deeper understanding of their customer. To find out more, more read the full case study here.
For more on ICE InsureTech, contact us here.