ATLANTA, Sept. 30, 2020 /PRNewswire/ -- LexisNexis®
Risk Solutions, a leading provider of data, analytics and
technology for the insurance industry, today announced the
availability of the LexisNexis® ID Compass Platform for Insurance.
A multi-layered identity access management (IAM) solution,
the platform combines physical and digital intelligence to help
insurance carriers respond to identity risk and reduce friction for
consumers seeking insurance quotes and other transactions.
LexisNexis® ID Compass Platform is a suite of integrated IAM
products that deliver identity verification and authentication,
which can help carriers avoid unnecessary risk and elevate the
consumer experience by identifying and fast tracking genuine
consumers while creating more friction for "bad actors". This helps
carriers to make better decisions in their workflow and defend
themselves and their customers from cybercriminals and potential
fraud.
ID Compass uses LexisNexis proprietary linking technology and
the LexID® unique identifier to help resolve, match and manage
information for a more accurate view of more than 282 million U.S.
consumer identities. It also considers 1,500 data-specific and
aggregated phone identity sources, and intelligence harnessed from
billions of monthly transactions to provide various scores and
attributes. These combined technology assets are delivered through
multiple solutions to protect online data for more than a billion
consumers across the globe.
Insurance carriers face the constant threat of security attacks
from online consumer interactions, including identity theft,
phishing, smishing, malware and bot attacks. The ID Compass
Platform can identify and thwart attacks by analyzing millions of
transactions in near real-time across billions of devices. When
individuals are verified and identified as trustworthy, their
online experience can become more frictionless and seamless.
"As consumers gravitate toward digital interactions, it is
critical for insurers to defend their online businesses while
keeping data secure and their customers' information safe. Our ID
Compass Platform gives customers a solution to help detect and
prevent unscrupulous online behavior without compromising consumer
experience," said Kim Brown,
Director, IAM product management, LexisNexis Risk Solutions. "Our
IAM solutions are a more effective way for insurers to manage
digital identity risk, reduce cyber fraud and enhance customer
experience."
LexisNexis® ID Compass integrated suite of solutions
includes:
- LexisNexis® Threat Metrix®, which analyzes millions of
transactions in near real-time across billions of devices for
thousands of global digital businesses.
- LexisNexis® InstantID®, which returns an index summarizing the
level of verification, potential risk indicators and additional
information to enhance our customers' due diligence efforts.
- LexisNexis® Phone Finder, which combines authoritative phone
content with a large repository of identity information to deliver
relevant, rank ordered-connections between phones and
identities.
- LexisNexis® One Time Password, which sends a simple
alphanumeric authentication code via email, text or voice to a
device in the consumer's possession.
- LexisNexis® InstantID® Q&A -- a near real-time, interactive
knowledge-based authentication technology that verifies a customer
is who s/he claims to be. InstantID Q&A generates an
interactive, multiple-choice knowledge-based questionnaire using
more than thirty (30) years of unique identifiers, such as
property, telephone and address history.
To learn more about the LexisNexis ID Compass Platform, visit
Insurance Identity Access Management.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced
analytics to provide insights that help businesses and governmental
entities reduce risk and improve decisions to benefit people around
the globe. We provide data and technology solutions for a wide
range of industries including insurance, financial services,
healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout
the world and are part of RELX (LSE: REL/NYSE: RELX), a global
provider of information and analytics for professional and business
customers across industries. For more information, please
visit www.risk.lexisnexis.com and www.relx.com.
Media Contacts:
Rocio
Rivera
LexisNexis Risk Solutions
Phone: +1.678.694.2338
rocio.rivera@lexisnexisrisk.com
Mollie Holman
Brodeur Partners for LexisNexis Risk Solutions
Phone: +1.646.746.5611
mholman@brodeur.com
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SOURCE LexisNexis Risk Solutions