Welcome!

News Feed Item

Apptical Corp. and LexisNexis Work Together to Help Combat Life Insurance Application Fraud

BOCA RATON, Fla., Jan. 14, 2014 /PRNewswire/ -- Apptical Corp., a leading provider of sales and underwriting solutions  to the life insurance industry, today announced it is collaborating with LexisNexis Risk Solutions Inc., a leading provider of data and analytics to insurance carriers, the government and customers in other industries. Through this relationship, life insurers may gain access to the strengths of both the LexisNexis® identity verification tools and Apptical Corp's teleunderwriting services.  By the use of both companies' respective offerings, life insurers can proactively help prevent identity related life insurance application fraud and quickly identify relevant risk within their teleunderwriting process.

(Photo: http://photos.prnewswire.com/prnh/20140114/FL45374)

"We are always looking for new solutions for our life insurance carrier clients. Detecting identity fraud early in the process with LexisNexis® InstantID® alongside our teleunderwriting services is a game-changer for our clients," said Peggy Bartraw, Director of Operations at Apptical Corp. "As a result, we're able to help our clients obtain more reliable answers to their critical insurance risk calculations and questions."

By using Apptical Corp's SoundDecisions and LexisNexis® InstantID® to validate the proposed insured's identity during the telephone interview process, carriers can better verify that a person applying for life insurance is providing the correct information and get instantly alerted to indicators of potential fraud.  This saves time, boosts efficiency and increases confidence in the outcome of their issued policies.  In today's world, it is more important than ever to verify that personal identifying data is accurate when ordering underwriting requirements.

"LexisNexis and Apptical make it easier for life insurers to proactively prevent fraud from the beginning of the relationship, while maintaining a good customer experience," said Elliott Wallace, Vice President and General Manager, Life Insurance, LexisNexis.

"Underwriting professionals and insurance carriers are more strapped for time, and in need of trustworthy efficiency solutions more than ever before," said Bartraw, "and LexisNexis® InstantID®,  can help give busy underwriting departments peace of mind by embedding the information and validation tools they need directly within the context of their workflow."

About Apptical
Apptical Corp. helps insurers provide eligibility guidance at the point of sale. Producers enjoy the advantage of knowing if the client is eligible before leaving the point of sale as it leads to greater proficiency and more sales. Apptical is a leading provider of on-demand, inbound, point of sale life insurance telephone interviews, life insurance electronic applications, teleunderwriting, and life insurance rules engine solutions. LiveApp, SoundDecisions and PURE are provided to clients across the United States and Canada. For more information visit Apptical.com.

About LexisNexis Risk Solutions
LexisNexis Risk Solutions (www.lexisnexis.com/risk/) is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced analytics, LexisNexis Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of Reed Elsevier, a leading global provider of professional information solutions across a number of sectors. LexisNexis Risk Solutions' insurance solutions assist insurers with automating and improving the performance of critical workflow processes to reduce expenses, improve service and position customers for growth.

Media contact for Apptical:
Barbara Gangware
O: 305-351-1777
[email protected]

Media contact for LexisNexis:
Regina Haas
O: 678.694.3569
[email protected]

LexisNexis is a registered trademark of Reed Elsevier Properties Inc., and InstantID is a registered trademark of LexisNexis Risk Solutions FL Inc.   Other products or services may be trademarks or registered trademarks of their respective companies.

Video with caption: "Introduction to Apptical." Video available at: http://www.youtube.com/watch?v=W6xMG76cfKo

SOURCE Apptical Corp.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
In his session at Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to maximize project result...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...