ATLANTA — Management Research Services (MRS) is making dynamic changes within the life insurance industry by joining forces with LexisNexis Risk Solutions, a leading provider of data, advanced analytics and technology for the insurance industry, with a new workflow that can help life insurers to efficiently verify and authenticate customers while saving time by adding pre-fill data at the point of sale. It works as a technology application that can be produced without writing a single line of code. MRS can implement in a short time frame allowing a seamless transition of these identity verification tools and data into their No-Code platform.
“The innovative product development and expansion MRS has seen in 2020 would not be possible without our strategic partners and the benefits that come along with alliances like the one with LexisNexis Risk Solutions,” said Tim Dineen, chief executive officer at MRS. “When combining MRS’s No-Code platform with LexisNexis Risk Solutions data, our solution can help provide all the tools needed to build a highly secure, complex application”.
The entire MRS platform is a cloud-based, no-code program, that allows for other systems to use their own existing technologies to harness the power of the MRS rules engine. The rules engine enables the user to either plug-in or customize the process, and at the same time, LexisNexis® Life Data Prefill helps users more accurately populate key pieces of information within the platform. This helps deliver a more cost-effective and timely process for life carriers, as well as easy maintenance moving forward. The data is collected via the MRS call center, online application, or both.
“We are very excited to be aligning with MRS,” said Drew Whitmore, senior director for Global Alliances at LexisNexis Risk Solutions. “Integrations like this provide a solid foundation for improving the application and underwriting process, and ultimately bolster the consumer and carrier experience”.
For information about this new alliance, be on the lookout for a new podcast series starting in late February with Innovate or Be Left Behind – Leveraging data and analytics at the Point of Application as the inaugural episode. All podcasts will be available on company websites, social media and on demand.
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. For more information, please visit www.risk.lexisnexis.com and www.relx.com.
MRS provides a high-end technology product to life, health, and annuity insurance industries. In today’s world where “the only thing constant is change,” that original vision has been expanded to include more services and technology capabilities designed to help clients adapt quickly and in a cost-effective way. MRS has invested heavily in our technology platform to create a foundation for the next revolution in life insurance. MRS’s No-Code platform gives you all the tools needed to build a highly secure, complex application that efficiently collects voice and electronic data without writing a single line of code. The result is a vastly reduced time to market with no initial or ongoing maintenance costs making the total cost of ownership substantially lower than status quo solutions. Our platform’s ability to support powerful reflexive logic makes the MRS rules engine extremely efficient in collecting all information needed to make a point-of-sale decision. The capabilities and flexibility of our platform allow customers to use the MRS technology platform as their single solution or as a tool to support and enhance current technology solutions they already have in place. Please visit us at www.managementresearchservices.com or contact us by email at email@example.com to learn more!