(Image credit: Tama66.)
LexisNexis Risk Solutions (Atlanta) and iPipeline (Exton, Pa.) have announced the integration of several LexisNexis data solutions into iPipeline’s SSG Digital platform for the iGO e-App and Resonant New Business and Underwriting products, which the vendors say will provide more ways to improve the experience of purchasing life insurance.
iPipeline describes its iGO e-App as an intelligent, fillable form and data gathering e-application that simplifies and accelerates the life insurance application process. Resonant provides automated solutions for managing and controlling underwriting and new business processes, for simplified issues to fully underwritten complex cases and other lines of business, according to the vendor.
As a result of the new LexisNexis Risk Solutions/iPipeline partnership, iGO e-App users will be able to access products from LexisNexis Risk Solutions such as identity verification, multi-factor authentication, and data prefill solutions that are designed to help more accurately populate key pieces of information all within the app. Resonant users can also deploy other underwriting solutions including LexisNexis Risk Classifier, LexisNexis Electronic Inspection Report, LexisNexis Motor Vehicle Records, and LexisNexis National Credit File.
“At a time when life insurers are laser-focused on improving the customer experience, we are excited to integrate with iPipeline in order to provide data solutions that will support those goals,” comments Drew Whitmore, Senior Director for Global Alliances, LexisNexis Risk Solutions. “Together we can provide an end-to-end integrated solution that helps improve data accuracy and minimizes identity risks. For both consumers and producers, the application, decisioning, and delivery process becomes even faster and more efficient.”
Speed-to-Market as a Competitive Advantage
“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,” comments 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.”
iPipeline says the combination of LexisNexis data with iPipeline’s SSG Digital platform will help to bring even more speed, accuracy, efficiency, and security to its customers. “Life insurers who take advantage of these innovative, data-driven solutions can gain a necessary competitive edge in today’s crowded marketplace,” a company statement says.