General Insurance Article - LexisNexis Risk Solutions acquires Insurance Initiatives

 "By acquiring IIL, we can provide value to UK insurers, brokers, and MGAs through proprietary data analytics products derived from industry leading contributory databases. Injecting data directly into the point-of-quote, insurers can make more informed decisions faster, empowering them to deliver a better customer experience," said Bill Madison, CEO, Insurance, LexisNexis Risk Solutions.

 Insurance solutions from LexisNexis enable Motor and Property insurers to:
 • Better assess risk at point-of-quote and underwriting,
 • More efficiently process claims, and
 • Reduce application errors and fraud.

 IIL utilises data and technology to deliver intelligence at key data-driven decision points throughout the customer lifecycle. Started in 2008, IIL delivers data enrichment strategies which enable insurers to provide the most accurate services possible to their customers predominantly at point-of-quote.