You need answers, now: Faster answers. Better answers. Answers that maximize profits, and deliver the competitive edge.
LexisNexis® Risk Solutions provides those answers: Hundreds of advanced analytics professionals. Tens of thousands of data sources. Patented, proven, world-class ID linking technology, and scalable, open-source super computing solutions.
With advanced analytics for insurance from
LexisNexis Risk Solutions, you’ll have the power to:
Market Segmentation and Channel Selection
READ: Learn how one of the largest insurers of autos and homes in the U.S. utilized predictive analytics to achieve a 246% increase in policy conversion.
WATCH: Sourcing auto and life insurance leads can be frustrating and time consuming. Learn how LexisNexis® Lead Optimizer, an automated lead management system, can help validate the leads most likely to purchase helping life and auto insurers focus on the leads that matter most.
LEARN: Insurance Telematics: Thinking Outside the Box. For too long now, insurance carriers have been trapped inside the hamster wheel of market underwriting cycles, hoping that today’s customers are more profitable than yesterday’s, yet knowing that they can’t be certain until tomorrow. Can telematics help carriers break out of this cycle? And what might U.S. carriers learn from developments in the UK, which has a more mature telematics market?
UNDERWRITING AND RISK MANAGEMENT
READ: See how a regional property and casualty insurance company that sells and services automobile and homeowner policies saved more than $2 million in annualized premium losses through a data-driven customer retention program.
WATCH: Location information is an integral part of properly assessing a commercial risk. Yet most of the time underwriters are forced to learn what they can by manually gathering and calibrating key inputs such as policy in-force data and industry-wide peril data. See how carriers can overcome this by leveraging a single point of access for all key information within their underwriting workflow.
LEARN: Strategic Visualization: Empowering underwriters with a clearer picture of a location’s risk.
Location information is a key factor for assessing risk and effectively underwriting commercial property insurance. Currently, most commercial property underwriters are limited by an inefficient manual information gathering process; and also limited by incomplete data consisting primarily of policy input data and traditional government peril data.
Location information is a key factor for assessing risk and effectively underwriting commercial property insurance. Currently, most commercial property underwriters are limited by an inefficient manual information gathering process; and also limited by incomplete data consisting primarily of policy input data and traditional government peril data.
HELP DETECT AND REDUCE CLAIMS FRAUD
WATCH: Learn how LexisNexis Risk Solutions provides advanced analytics and data for more confident identity management, helping organizations mitigate risk, combat fraud and remain compliant. Through our patented linking technology and LexID® we secure consumer identities, and provide comprehensive data points and records to bring organizations the insights they need for superior identity management.
WATCH: Medical provider fraud is a multi-billion dollar problem that continues to grow in both numbers and complexity as organized rings devise more intricate schemes to take advantage of Auto and Workers’ Comp carriers. Learn how LexisNexis® Claims Medical Discovery helps carriers identify potentially fraudulent medical provider behavior by resolving provider identities, revealing anomalous patterns and utilizing analytics to monitor suspect providers.
LISTEN: Listen as LexisNexis executive and claims expert Todd Fannin is interviewed by Claims Journal magazine. The discussion was focused on how carriers can utilize advanced data and analytics along with continuous monitoring of each claim throughout its lifecycle to catch bad guys faster.
LEARN: Advanced data and analytics for Property Casualty Insurance: The cure for the medical provider claims fraud, waste and abuse epidemic.
Annual losses from medical claims fraud, waste and abuse are now in the hundreds of billions of dollars. Furthermore, over 80% of medical claims fraud is suspected, at varying degrees, to involve medical providers. This population represents the largest problem area, but also the greatest opportunity to impact and reduce medical fraud, waste and abuse losses.
Annual losses from medical claims fraud, waste and abuse are now in the hundreds of billions of dollars. Furthermore, over 80% of medical claims fraud is suspected, at varying degrees, to involve medical providers. This population represents the largest problem area, but also the greatest opportunity to impact and reduce medical fraud, waste and abuse losses.
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