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Policy Administration

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Elephant Insurance Picks LexisNexis Policy System for US Operations

The auto carrier, which built its business in the UK, wanted to keep its expense ratio low as it moved into a new market.

Elephant Insurance, a subsidiary of London-based Admiral Group, has selected New York-based LexisNexis' Policy Decisions Personal as it begins to offer auto insurance in the U.S.

The carrier selected Policy Decisions Personal for its ease-of-use and configurability to support the company’s cost-efficient, low-expense operating model, it said in a statement.

“LexisNexis Policy Decisions Personal can be managed more directly with fewer IT personnel and came with turnkey applications that allowed us to minimize implementation time and custom development costs," Andrew Rose, president and CEO, Elephant Insurance, adds. "Contract signing to go-live was just over 6 months, and included implementation of a full policy administration solution and an on-line quote and bind application."

Policy Decisions Personal is a web-based personal lines platform featuring self-service quoting and purchasing, real-time access to current policy data across distribution channels, a self-service toolset and capabilities to configure and customize rating, user interface, workflow and security, LexisNexis claims.

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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