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LexisNexis Moves Insurance Operations to Big Data Platform

The vendor says that its migration to HPCC Systems will increase the ROI of its C.L.U.E Auto offering.

Atlanta-based LexisNexis Risk Solutions has migrated its insurance solutions to a proprietary "big data processing platform" called HPCC Systems.

LexisNexis calles HPCC a "data intensive supercomputing platform that has evolved for more than a decade, supporting enterprise customers who need to process large volumes of data in critical 24/7 environments." Specific to insurance, it says that HPCC will help its C.L.U.E. auto loss underwriting database identify 8% more chargeable accidents.

“In today's competitive insurance environment, carriers continue to see increases in unreported claims that can represent millions of premium dollars and places additional risk on their book,” said Bill Madison, SVP and general manager, insurance, LexisNexis, in a statement. “We are proud of the industry collaboration that has occurred with C.L.U.E. Auto and the ongoing investment in innovation and infrastructure to benefit our customers toward achieving 24/7 processing. This insight gives us a more complete view of the market and creates new and meaningful information for our customers to better serve their customers.”

LexisNexis expects the new C.L.U.E. system, powered by HPCC, to deliver:

  • actionable insights at the household level in addition to individual level,
  • more subject-related claims,
  • faster, more reliable claims history
  • fraud detection related to complex schemes and collusion, and
  • reliable business continuity for insurers with full data recovery processing.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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