Entity Resolution Implementation in Insurance

This document serves as a technical report discussing the capabilities and implications of Senzing's entity resolution technology within the insurance industry. It outlines how Senzing acts as a strategic technology partner to Verisk, emphasizing the deployment of its solutions in users' infrastructure without compromising data privacy. The report details the unique functionalities of Senzing, including explainable results, minimal data preparation, and real-time self-learning capabilities. It further explains the significance of entity resolution in preventing fraud, particularly in life insurance and annuity beneficiary scenarios, as well as its role in enhancing underwriting processes. Furthermore, the document presents a comparative analysis of building an in-house entity resolution system versus utilizing Senzing, showcasing the cost implications and potential accuracy outcomes. Overall, the report underscores the foundational role of entity resolution in driving AI and innovation within insurance and financial services.