LexisNexis Risk Solutions and iPipeline have partnered to integrate LexisNexis data solutions into iPipeline's SSG Digital platform to improve the experience of purchasing life insurance, LexisNexis announced on Wednesday.
"Together we can provide an end-to-end integrated solution that helps improve data accuracy and minimizes identity risks. And, for both consumers and producers, the application, decision, and delivery process become even faster and more efficient," said Drew Whitmore, Senior Director for Global Alliances at LexisNexis Risk Solutions.
LexisNexis will integrate iPipeline's iGO e-App is an intelligent, fillable form and data gathering e-application to enhance the life insurance application process. The company’s technology will provide automated solutions for managing and controlling underwriting and new business processes.
iGO e-App users will be able to access products from LexisNexis Risk Solutions, including identity verification, multi-factor authentication and data prefill solutions to more accurately develop information all within the app. Users can also utilize other underwriting solutions including LexisNexis Risk Classifier, LexisNexis Electronic Inspection Report, LexisNexis Motor Vehicle Records, and LexisNexis National Credit File.
In addition, the combination of LexisNexis data with iPipeline's SSG Digital platform will help to bring speed, accuracy, efficiency, and security to our customers. Life insurers who take advantage of these innovative, data-driven solutions can gain a competitive edge in the crowded marketplace.
"We believe integrating these LexisNexis Risk Solutions will help accelerate the e-application and underwriting process for life insurance, so that producers and insurers alike can provide the best possible customer journey," said Larry Berran, CEO, iPipeline. "Speed-to-market advantages can have an enormous impact in today's highly competitive environment. Adding LexisNexis Risk Solutions will help streamline and simplify the new business process."
About LexisNexis Risk Solutions
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 and analytics for professional and business customers across industries.