LexisNexis Risk Solution offers Insurance Carriers Better, Faster Results and Minimized Premium Leakage
LexisNexis Risk(R) Solutions announced the migration of its insurance solutions to the LexisNexis Big Data processing platform known as HPCC Systems. LexisNexis is leveraging the platform to help insurers assign premium more accurately, better understand their customers and risk throughout the policy lifecycle, and drive a more profitable book of business.
Among the first solutions to migrate to HPCC Systems’ supercomputing platform is C.L.U.E.(R) Auto, the industry standard loss underwriting database for the auto insurance market, representing 99.6 percent industry contribution. C.L.U.E. Auto with HPCC Systems finds claims on more than 64 percent of all inquiries and has a historical consumer dispute rate of less than 0.04 percent, representing results that are superior for the industry.