Insurance Technologies Announces Integration with LexisNexis Risk Solutions to Offer Life Insurers Additional Identity Authentication Capabilities within FireLight®

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COLORADO SPRINGS, Colo., Nov. 28, 2017 (GLOBE NEWSWIRE) — Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced today the integration between FireLight®, and LexisNexis® InstantID® and LexisNexis® InstantID Q&A. The integration with industry leading LexisNexis Risk Solutions identity management products offers additional 3rd party heightened identity authentication capabilities within FireLight, supporting diverse compliance and sales requirements.

This integration enables the implementation of an additional secure, knowledge-based client verification process prior to entering the signing ceremony for both the FireLight Sign Now and Sign Later experiences. This added capability allows FireLight insurance clients who also utilize LexisNexis InstantID and LexisNexis Instant ID Q&A, to create an enhanced and reinforced sales process for advisors and their clients.

“Our life insurance customers are looking for new ways to improve the experience for their consumers as well as their sales agent channels while satisfying customer identification program (CIP) regulations and providing robust security for the information flow,” said Elliott Wallace, vice president and general manager, life insurance, LexisNexis Risk Solutions. “Our identity management solutions leverage superior linking technology that help life insurers accelerate customer acquisition and mitigate risk.”

FireLight offers a streamlined implementation that is configurable with LexisNexis Risk Solutions based on signer type or additional data elements within the application package. LexisNexis identity management solutions help to provide robust identity coverage that help increase verification rates and support informed decisions. Within FireLight, identity verification results are attached to the e-application package audit trail, keeping authentication data confidential. Additional review queues can be triggered based on returned identity verification results to streamline unique review and due diligence processes across diverse products.

“To combat the risk of fraud especially with higher risk transactions, for example, withdrawal transactions, high premiums and consumer initiated transactions, heightened authentication strategies are necessary,” said Katherine Dease, vice president of product management, Insurance Technologies. “To support both high and low risk transactions, we enable clients to leverage rules within FireLight to assign authentication levels based on the risk associated with each transaction. This flexibility has been key to helping our clients solve their specific compliance requirements.”

About LexisNexis Risk Solutions

At LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta, USA, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group, a global provider of information and analytics for professional and business customers across industries. For more information, please visit risk.lexisnexis.com.

About Insurance Technologies

Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industries. We provide carriers and distributors a suite of integrated sales tools and experiences to better serve advisors, agents and consumers. The unique architecture and flexibility of our solutions deliver front and back-office configurability and usability to support multiple business strategies, encourage cross-channel growth, and evolve with regulatory changes. From pre-sale functions through e-application, to post-sale account management, our solutions provide the key sales components to create an automated and cohesive sales journey across all lines of insurance, retirement and investment products. For more than 20 years, our focus at Insurance Technologies has never wavered: Be a dependable partner to our clients, make the complex simple, and develop best-in-class sales solutions that transform business processes and empower sales. For more information, visit www.insurancetechnologies.com.

Insurance Technologies Contact:

Kristin Wills

VP, Marketing

719-442-6400

kwills@insurancetechnologies.com

LexisNexis Risk Solutions Contact:

Regina Haas

Global Director, Media and Analyst Relations, Insurance

678-694-3569

Regina.haas@lexisnexisrisk.com

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