Experian¨, launched the UK’s first business information reports specifically designed for commercial insurance companies. Experian’s new range of ‘Business Information for Insurance’ reports provide insurers with access to a range of detailed and up-to-date insurance-specific information from a number of trusted sources on UK businesses and the individuals running those businesses.The detailed information at insurers’ fingertips means that companies will be able to: exert greater insight and control through improved risk assessments, provide assistance into fraud investigations and benefit from improved claims management processes.  Steve Paton, Commercial Director for Experian’s Insurance Services division, said: “Risk management is critical for insurers and to do this effectively, they need an accurate understanding of the nature of the risk.  As a result, we are providing insurers in the UK with a new business reporting capability that focuses on the information the industry needs most and in a format that suits companies’ processes.” 

A key feature of our Business Information for Insurance reports is the display of a red, amber or green status (RAG) based on values defined by the user.  RAG reporting is widely used by the insurance industry and was a feature insurers specifically requested.  The way we present this critical information and the report’s clear format gives insurers an immediate indication of a company’s risk status to help them make faster decisions.

Source: Experian Press Release

Experian® has launched Company Information – a new, 24/7 online document service delivering accurate and reliable information on any UK private company, its shareholders and directors, to information professionals within the legal, accountancy and financial sectors.As the foundation of the service, Experian has created its own document and image store and retrieval infrastructure.  Adding to its own data assets, it has also added complete Companies House document filing coverage, all contained within a user-friendly web environment to enable it to offer 24/7 availability of Companies House documents backed by reports.  As a result, Company Information offers unrivalled depth and breadth of information on UK private limited businesses at a service level that outpaces Companies House and other information providers. The Company Information service was designed following extensive research within the financial and professional services industries, with the focus on understanding the challenges information professionals and knowledge managers have in undertaking financial research and due diligence, and making it an easy to use, accurate and reliable service. 

Source: Experian Press Releas

BIIA Newsletter September 2008 Issue