LexisNexis and Shift Technology enter alliance to boost claims processing capabilities

LexisNexis Risk Solutions, a provider of data and analytics for the insurance industry, and Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, announced today the two companies have entered a strategic alliance. As a result, insurance carriers can now incorporate LexisNexis Claims Clarity data and analytics into Shift's insurance decisioning artificial intelligence (AI) models, allowing carriers to better predict fraud and risk at the first notice of loss. To achieve greater workflow efficiency and deliver optimal customer experiences, insurers are increasingly adopting low-touch and straight-through claims processing strategies. For these initiatives to be successful, it is critical that claims professionals have the right data to know when claims can be fast–tracked or when they require further triage and closer examination. LexisNexis Risk Solutions provides insurers with system-to-system, actionable party and vehicle data in near real-time.