LexisNexis(R) Risk & Information Analytics Group Launches Accurint(R) for Insurance...

Wed Mar 12, 2008 8:00am EDT

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LexisNexis(R) Risk & Information Analytics Group Launches Accurint(R) for Insurance Plus, To Help Validate Claims and Combat Fraud

   Data Visualization and Link Analysis Tool Maps Complex or Hidden
                     Connections between Entities
NEW YORK--(Business Wire)--
LexisNexis(R) Risk & Information Analytics Group has released
Accurint(R) for Insurance Plus, a data visualization and link analysis
tool developed to help claims and investigative professionals uncover,
interpret and map relationships between entities by displaying a
graphical chart of the connections between people, businesses, assets,
locations and events. Insurance fraud is one of America's largest
criminal industries costing Americans at least $80 billion a year, or
nearly $950 per family, as estimated by the Coalition Against
Insurance Fraud. Accurint for Insurance Plus helps to validate claims
and combat fraud, waste and abuse. Accurint for Insurance Plus, is
part of the Fraud Prevention solution by LexisNexis Risk & Information
Analytics Group.

   Developed with industry collaboration, Accurint for Insurance Plus
offers both mapping and satellite imagery in one combined tool, and is
geared to meet the needs of insurance professionals including Special
Investigative Units, Claims, Audit, Corporate Security, Catastrophe
and Commercial Underwriting.

   "Investigating insurance claims can be a cumbersome, expensive
challenge," said Jan Tankersley, vice president of insurance and
health care solutions for LexisNexis Risk & Information Analytics
Group. "By offering a simpler, more affordable and efficient way to
collect and analyze massive amounts of investigative data, Accurint
for Insurance Plus can help insurance professionals do their jobs more
quickly and efficiently."

   This data visualization helps insurance professionals triage the
loss notifications or claims they receive for suspected abuse and
fraud investigations, assess risk on claims, and verify and validate
information submitted on auto, property, disability, life and health
claims. Industry experts have noted that major fraud trends of 2006
included medical fraud rings, invasive health schemes, and auto rate
evasion

   Unlike many other data visualization products, Accurint for
Insurance Plus was developed for individual investigators rather than
company analysts, and provides easy, economical access to both
external and internal data sources.

   "Although Accurint for Insurance Plus is sophisticated enough for
a high-level investigator, it does not require extensive training,"
said Tankersley. "It's also an affordable solution and easy to use
solution, which addresses the industry's need for access to advanced
technology by Claims and Special Investigations personnel."

   About LexisNexis

   LexisNexis(R) (www.lexisnexis.com) is a leading global provider of
business information solutions to a wide range of professionals in the
legal, risk management, corporate, government, law enforcement,
accounting and academic markets. LexisNexis originally pioneered
online information with its Lexis(R) and Nexis(R) services. A member
of Reed Elsevier (NYSE:ENL) (NYSE:RUK) (www.reedelsevier.com),
LexisNexis serves customers in more than 100 countries with 13,000
employees worldwide.

   About LexisNexis Risk & Information Analytics Group

   LexisNexis Risk & Information Analytics Group is a natural
extension of the core competencies and technologies proven in the
LexisNexis online products from the past 30 years. The LexisNexis Risk
& Information Analytics Group builds on the LexisNexis tradition as a
trusted provider and custodian of quality information, and leverages
new cutting-edge technology, unique data and advanced scoring
analytics to create total solutions to address client needs.

   LexisNexis Risk & Information Analytics Group is specifically
designed to serve the multi-billion dollar risk information industry
which is comprised of professionals and organizations such as law
enforcement, government agencies, financial services firms, collection
agencies, insurance and health care providers, hiring managers, and
other professionals.

LexisNexis Risk & Information Analytics Group
Kristina Grammatico, Public Relations, 1-866-411-7335
Website: http://risk.lexisnexis.com
Press Center: http://risk.lexisnexis.com/press.asp

Copyright Business Wire 2008
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