LONDON – 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. 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 ICE InsureTech
ICE InsureTech, part of the Acturis Group, is a market leading specialist software provider to insurers, MGAs, claims administrators and accident management companies. The ICE products are enterprise-grade, cloud native, modular software solutions for the management and processing of insurance claims, policies, billing and rating, with integrated analytics – comprising ICE Claims, ICE Policy, ICE Billing, ICE Rating, ICE Analytics and ICE Digital. It is a complete end-to-end solution that is implemented in very short timescales – delivering immediate benefits to your business. The ICE solution is fully IoT enabled, covering all lines of business, including connected car/ telematics and connected property, across both personal and commercial insurance. For more information, please visit www.iceinsuretech.com.
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.