Ignite Systems creates gateway to LexisNexis Risk Solutions for swift and precise cover decisions

Ignite Insurance Systems (Ignite), a market-leading policy administration software provider, has integrated with the LexisNexis® Informed Quotes platform, a high volume, real-time data enrichment solution from data and analytics provider LexisNexis Risk Solutions, to give its insurer and brokers clients access to a wide range of personal and commercial risk data to support risk decisions at point of quote. 

This includes the LexisNexis® No Claims Discount (NCD) Module, a key tool used by the market to verify NCD years, removing the onus on the customer to validate this information while improving pricing accuracy

The LexisNexis® Informed Quotes platform also now includes perils and environmental data such as fire, flood and subsidence from the Map View geolocation risk visualisation tool, alongside over 42 further data enrichment databases. 

Graham Tooke, Software House Partner Manager at LexisNexis Risk Solutions, said: “Relationships such as this are part of a clear strategy to streamline access to our data and solutions to support right first time insurance quotes across the personal and commercial market. Insurers and brokers who access Informed Quotes via Ignite software will no longer need to call out for data from several different sources, which can delay quote processing and lead to referrals.  One access point will help speed up risk decisions, to support new business, renewals and mid-term adjustments. It ultimately means a much more streamlined quotation process for insurance providers and their customers.”

Toby MacLachlan, Managing Director of Ignite, emphasized the benefit of the partnerships to its broker and insurer clients: “Speed and service quality are critical for our customers so access to key data that will help to streamline the underwriting and sales processes are important factors. This partnership further demonstrates Ignite’s ability to provide a platform that directly enhances the customer experience while offering clients flexibility and a responsive service that delivers real competitive advantage.” 

Insurance providers using Ignite’s Rating Engine can gain access to data enrichment ‘capstones’from LexisNexis Risk Solutions in their schemes.

ENDS