Bill Madison is Insurance CEO, LexisNexis Risk Solutions, responsible for all motor/auto, home, life and commercial insurance business including solutions for underwriting, claims, analytics, and automotive OEM services, across the globe.
He has played a key role in the integration of data services into multiple channels and in transforming LexisNexis® from being a data provider in insurance to providing a holistic approach to risk analysis, underwriting, and claims processing that includes process enhancement. These innovative solutions are helping our clients achieve significant improvements in performance, whilst also bringing benefits to our customers’ customers, the consumers.
We got the chance to ask about Bill’s observations of the challenges and opportunities for data analytics in different insurance markets around the world: how are markets in different points of evolution? What are the lessons the company has learnt from proofs-of-concept and launching many contributory databases around the world?
These data repositories have been quite transformational in the markets where we operate, helping to drive efficiencies, speed of processing, precision of underwriting, and customer satisfaction. So how can we as a company bring forward those lessons learned, and help other markets reap the benefits in a shorter time frame, with an immediate impact, or a short-term impact?
LexisNexis Risk Solutions, a unit of RELX Group, is a global data technology and advanced analytics leader, with customers in over 100 countries worldwide.
Follow these links for information on our Connected Car Team, the Global Telematics Platform or the LexisNexis Risk Solutions website for US insurance or UK insurance or India insurance to find out more.