LexisNexis® Announces Availability of LexisNexis Insurance Enterprise View
May 23, 2011 — Integrated Insurance Solution Streamlines Operations with New Technology Platform
For Policy, Claims, Billing and Reinsurance Data
New York, NY – LexisNexis® Risk Solutions today announced the availability of LexisNexis® Insurance Enterprise View, a new modular solution that integrates data from multiple sources to drive faster, better-informed decision-making by insurance companies. The robust platform is the first application to serve as a single, reconciled data source for billing, policy, claims and reinsurance systems.
Throughout the insurance industry, companies are facing rising costs associated with aging legacy systems that are expensive to maintain and often unable to effectively merge data from different sources. As a result, insurers are taking a more aggressive approach to replace older systems with solutions that reconcile data across platforms and speed up time-to-market for new products and services.
LexisNexis Insurance Enterprise View offers vigorous balancing, reconciliation and error report features. The solution also streamlines reporting to statistical bureaus, helps insurers comply with evolving audit requirements and gives insurers secure online access to valuable information and analytics.
“Insurance Enterprise View enables insurance carriers to use IT to promote business growth and transformation, providing a way forward from legacy systems,” said Jeffrey Glazer, CEO Insurance, LexisNexis Risk Solutions. “LexisNexis Insurance Enterprise View achieves this by giving carriers a unified view of data from disparate systems across the enterprise.”
To allow for a smooth transition from existing systems, LexisNexis designed Insurance Enterprise View so that it can be implemented in phases. The solution is able to be tailored to the requirements of each enterprise, with the ability to adapt as specific business situations evolve. Additional benefits include the merging of back-office systems and reduced reliance on hard-to-find resources necessary for maintaining legacy systems, which for some companies can lead to significant overall cost containment.
“We closely collaborate with our business partners to gain a full understanding of their needs and goals,” added Glazer. “Through this hands-on, customer success-driven approach, LexisNexis continues to demonstrate a proven ability to deliver innovative solutions, like Insurance Enterprise View, that will help our customers minimize risk and grow.”
For more information visit http://www.lexisnexis.com/insurancesoftware.
LexisNexis (www.lexisnexis.com) is a leading global provider of content and information solutions that enable professionals in legal, corporate, academic, government and non-profit organizations to make informed decisions and achieve better business outcomes. LexisNexis harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity and increase profitability. LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide.
LexisNexis® Risk Solutions (www.lexisnexis.com/risk/) is the leader in providing essential information that helps companies across all industries and government predict, assess, and manage risk. LexisNexis helps insurers automate and improve the performance of critical workflow processes to reduce expenses, improve service and position customers for growth. LexisNexis serves 99% of all U.S. Property & Casualty Carriers.