LexisNexis Risk Solutions announced the launch of LexisNexis C.L.U.E. Auto Damage 360.
LexisNexis C.L.U.E. Auto is a claims history database, and C.L.U.E. Auto Damage 360 continues its tradition of providing insurers with a deeper look into reported and unreported accident data in an effort to help refine their underwriting strategies.
It brings together data from C.L.U.E. Auto reports, including seven years of personal claims data, with incremental data from sources such as police records and other vehicle-specific sources that indicate vehicle damage. Additionally, through LexisNexis Risk Solutions’ policy history, it can associate damage events with current and prior owners.
With the additional C.L.U.E. Auto Damage 360 insights into the vehicle, the owner and the previous owner(s) of the vehicle allow carriers to identify events not previously reported to C.L.U.E. and streamline the pull of damage events and claims information within the quote process.
The Hartford has expanded its digital capabilities with new submission and quote application programming interfaces and portal options for agents and brokers who write mid-sized and large businesses.
Agents and brokers now have easier access to share submission data and request a quote for general liability, auto, property and workers’ compensation accounts. Additional benefits of the new portal include the ability to quickly share data and information, submissions with pre-populated data, and streamlined workflow.
Access to the new business submission process is available through direct API capabilities and online portals. The Hartford will also enable API operating relationships with agents and brokers who use vendor API solutions for their mid-sized, large, and specialty accounts.
The insurer has partnered with Highwing Inc., a company that is focused on providing data management and processing solutions for both brokers and carriers. Highwing helps to connect agents and brokers with carriers, ensuring communication, transparency, and accurate data sharing with The Hartford.
These digital enhancements are in addition to the company’s Electronic Business Center Agent Portal, which provides access to digital tools that provide transparency into what’s happening with accounts of all sizes in a centralized location.
Arch Insurance has announced Arch CyPro, a cyber insurance solution designed to proactively safeguard businesses in an environment of evolving cyber threats.
Arch CyPro is powered by the Arch Cyber Risk Engineering Team, a specialist cyber team integrated into every stage of the underwriting process. ACRE offers advanced analytics, rapid decision-making, and individual risk guidance.
The solution will be distributed through current broker relationships.
Sources: LexisNexis Risk Solutions, The Hartford, Arch Insurance