LexisNexis Risk Solutions, a data, analytics and technology provider, announced the launch of ThreatMetrix for Insurance Quotes to help U.S. insurers and consumers combat the rise in cyber crime in a number of sectors, including the auto insurance industry.

This comes as digital fraud attack rates recorded in the LexisNexis Digital Identity Network platform continued climbing in 2023, increasing 43% year-over-year in North America.

With the use of ThreatMetrix for Insurance Quotes, insurers can assess if a transaction is a bot or legitimate consumer seeking a quote for auto insurance, evaluate the devices visiting insurers’ websites, and identify data-harvesting bot attacks to protect consumers’ personal data, according to a company press release.

LexisNexis Risk Solutions uses data and analytics platforms to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decision-making. The company is headquartered in Atlanta, Georgia.

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Enlyte has launched PrecisionDirect, an integrated provider negotiations and networks solution designed to free up adjusters to focus on claim settlement while securing savings on these bills.

PrecisionDirect’s purpose is to provide auto carriers with a way to improve payment accuracy on bills typically paid in full to providers treating the injured parties.

With PrecisionDirect, adjusters can send unpaid medical bills to Enlyte’s negotiations team through a variety of ingress points. Once received, the team of negotiators initiates data-enhanced pay negotiations by directly contacting medical providers or their staff to obtain contracted discounts on those bills. Information is also garnered through the program’s database to determine fair rates based on previous agreements. If the negotiation is accepted, the team works with the provider to execute a signed agreement that outlines the agreed-upon amount and the terms of the negotiation.

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InsurTech Qover announced the launch of its motor insurance solution in Ireland.

This solution enables car manufacturers, mobility providers, fleets and leasing providers to provide embedded insurance programs across Europe.

The InsurTech has a goal of covering all European markets by the end of 2025, according to a company press release, and has now launched in 10 countries.

Qover’s motor insurance offering in Ireland is designed to meet market needs and deliver user acquisition programs through a team of motor insurance experts. The features include embedded insurance orchestration through Qover’s tech platform, claims and customer support, and insurance services.

The solution also offers integration of insurance programs into omnichannel offerings and user journeys, digital claims processing, advanced performance analytics, and pan-European programs leveraging localized knowledge for user acquisition through global partnerships with insurers and local businesses.

Sources: LexisNexis Risk Solutions, Enlyte, Qover