IPipeline Builds LexisNexis Data Into Tools: Tech Bits

An insurtech company, iPipeline Inc., is making LexisNexis Risk Solutions data tools available to users of iPipeline’s electronic application system and the company’s Resonant New Business and Underwriting products.

(Related: Reinsurer Adds Health Scoring Tool)

Access to the LexisNexis tools will help users of the electronic application system verify an applicant’s identity, fill in some application fields automatically, and implement other processes that require access to consumer information.

Resonant system users will get access to the LexisNexis Risk Classifier system, the LexisNexis National Credit File, and other tools that may help with underwriting, according to iPipeline and Lexis Nexis.

In related news, iPipeline says Mutual of Omaha has started using its Maestro electronic application adjustment tool.

The tool helps insurers make simple changes to electronic applications themselves.

Mutual of Omaha used the tool to design and launch application systems for new accidental death and cancer insurance products, iPipeline says.

Three organizations that are part of LL Global — LIMRA, LOMA and the Secure Retirement Institute — have worked with a 10-member Founders Council to create the FraudShare system.

The system gives financial services companies a vehicle for sharing information about criminals’ efforts to take over consumers’ accounts.