Benefits
LexisNexis Risk Classifier can help insurers:
- Place applicants into appropriate risk classes and ensure that underwriters only see the more complex cases that require their valuable expertise
- Make advanced risk assessments on proposed insureds in real time
- Lower underwriting expenses by properly classifying applicants up front and avoiding more costly and invasive requirements
- Price policies more competitively
- Reduce cycle times and drop-out rates by eliminating the need to pull fluids and conduct medical/laboratory tests
- Improve the customer experience with less hassle and by fast-tracking simpler cases
Get it now: For more information about LexisNexis® Risk Classifier, call 800.458.9197.
Features
LexisNexis Risk Classifier enables insurers to:
- Leverage the ability of LexisNexis to access billions of public records, more than 20,000 data sources
- Though advanced technology, use FCRA-governed data sources and distill it all into a numeric score with reason codes
LexisNexis Risk Classifier:
- Integrates easily into an insurer’s underwriting workflow and can be used in conjunction with a rules engine or with other scoring approaches
- Is powered by LexID®, our patented linking technology which makes intelligent connections between disparate data sources
Get it now: For more information about LexisNexis® Risk Classifier, call 800.458.9197.