Today LexisNexis Risk Solutions announced the migration of its insurance solutions to the open source HPCC System. The platform will help insurers assign premium more accurately, better understand their customers and risk throughout the policy lifecycle, and drive a more profitable book of business.
In today’s competitive insurance environment, carriers continue to see increases in unreported claims that can represent millions of premium dollars and places additional risk on their book,” said Bill Madison, SVP and general manager, insurance, LexisNexis. “We are proud of the industry collaboration that has occurred with C.L.U.E. Auto and the ongoing investment in innovation and infrastructure to benefit our customers toward achieving 24/7 processing. This insight gives us a more complete view of the market and creates new and meaningful information for our customers to better serve their customers.”
HPCC Systems is an open source, enterprise-proven Big Data analytics platform. HPCC Systems grew out of the need for LexisNexis Risk Solutions to manage, sort, link, join, and analyze billions of records in hours rather than months, with the ability to run queries against these records with sub-second response time. Designed by data scientists, HPCC Systems is a data intensive supercomputing platform that has evolved for more than a decade, supporting enterprise customers who need to process large volumes of data in critical 24/7 environments.
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