LexID® for Insurance
Connect and link consumer identity data across the insurance enterprise. A unique identifier to help you connect and link consumer identity
data across your organisation to build a single view of your customer
Build a single, comprehensive view of your insurance customer
Customer data fuels your business in our increasingly personalised and digital world. But is that data reliable and complete? How much is outdated? What are the costs to your business?
Effective customer data management is critical
LexID®, a unique identifier from LexisNexis® Risk Solutions, can help by enabling you to connect, understand and use your existing customer data in more effective ways. It links previously siloed customer records and matches relevant customer data into a single profile that’s visible and accessible across your insurance organisation
You gain deeper, richer and more accurate insights into the identity, risk characteristics and needs of your customers, which can help you:
Offer more personalised pricing and a better customer experience
Reduce claims processing and fraud referrals
Better understand customer lifetime value
Target prospects more efficiently
How can LexID® benefit your data?
Leverage verified, normalised data to assist with entity resolution and data hygiene needs
Provides a persistent methodology for standardising, matching, linking and deduplicating consumer data from multiple databases
Lower security risks and administrative burdens compared to traditional methods of consumer identification
Reduce costs from removing the need to process and store unnecessary information
Merger and acquisition (M&A) activity has ramped up in recent years and is expected to accelerate as insurance providers look to grow their portfolios, accelerate innovation and improve the customer experience.
Learn more about how we are developing LexID® to enhance our product strategy, bringing a lot more of the disparate customer data that exists, for better pricing, marketing and compliance, in fact across the whole insurance continuum.
Find out how LexID® for Insurance could help you
Yes, I'd Like to Learn More About LexID®
Please call +44 (0)800 130 3002 or complete the form and we will be in touch shortly to discuss your requirements.
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