Business News: LexisNexis, Gramercy Risk Holdings, Nationwide

September 12, 2018

LexisNexis Launches Global Alliance Program Focusing on Data Analytics

LexisNexis Risk Solutions announced the launch of its LexisNexis Global Insurance Alliance program. Insurers can integrate with more than 125 alliance program members to access LexisNexis policy and claims solutions that leverage the industry’s most comprehensive data repository, a proprietary method of linking and clustering data, and the processing speed of the LexisNexis HPCC Systems big data computing platform. These prebuilt technology integrations will accelerate time to market for insurance carriers by delivering advanced analytics and new innovations through a scalable platform.

The LexisNexis alliance program includes three types of alliances: Data Delivery, Systems Integrator, and Industry Organization. Data Delivery Alliances distribute LexisNexis data analytics solutions through their own insurance software products, such as claims or policy administration systems. Systems Integrators provide carriers with resources and expertise to complete a technology transformation initiative, and Industry Organization Alliances offer best practices and thought leadership to help improve outcomes.

Duck Creek Technologies, a Data Delivery Alliance, has integrated several LexisNexis claims and underwriting solutions with its Duck Creek OnDemand platform.

Alliance members who represent the industry’s leading innovators, technology providers and up-and-coming insurtechs get exposure to LexisNexis relationships with more than 600 insurers in the home, auto, life and commercial insurance segments.

Another Data Delivery Alliance member, Guidewire Software, joined the LexisNexis program to help Guidewire/LexisNexis customers improve data accuracy and enhance customer service. Integrated with Guidewire ClaimCenter, LexisNexis Claims Datafill helps insurers and agents provide better customer service by speeding up first notice of loss (FNOL) in the claims process by delivering real-time data for people, vehicles, and policies to ClaimCenter so that consumers can get back on the road more quickly.

For a complete list of alliance members and more information about the LexisNexis Insurance Alliance program, visit LexisNexis Insurance Alliance program.

Gramercy Risk Holdings Acquires Certus Claims Administration

Gramercy Risk Holdings, a New York-based specialty insurance program management company, has acquired Certus Claims Administration, LLC, a national innovative third party claims administrators.

Nationwide Buys Scottsdale State Trust Land for $83M

Arizona State Land Department officials say a national insurance company has successfully bid $83 million for about 134 acres (54 hectares) of trust land in Scottsdale.

Nationwide Mutual Insurance Company has plans for a mixed-use development, including a regional corporate headquarters.

The Fortune 100 company already has an existing office complex in Scottsdale.

The Scottsdale City Council voted in June to approve a rezoning package calling for a variety of commercial uses including offices and hotels, as well as for several hundred residential units.

Arizona K-12 public education is the largest of 13 beneficiaries of trust land managed by the State Land Department.

The department manages more than 9.2 million acres (3.7 million hectares) of trust land, which is 13 percent of the land within Arizona.

The Associated Press contributed to this story.

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