Data and technology company LexisNexis Risk Solutions is bringing in 70 jobs over the next three years for its Dublin-based centre of excellence for data analytics.
The office will support the company’s UK and Ireland insurance operations, as well as supplement US-based operations, with most of the new roles directly related to the centre.
The Dublin office for LexisNexis was formed as a result of the company’s acquisition of Mapflow, a Dublin-based geographic risk assessment technology company, in September 2013.
“We’re excited to create this hub for data analytics expertise in Dublin, and the potential it offers for us to grow the business,” said John Beal, SVP of analytics at LexisNexis Risk Solutions.
It’s all about the data
With more than two petabytes of unique data, LexisNexis enables insurers to understand more about their risks, efficiencies, exposure and potential for fraud, thanks to the big data technology platform, HPCC Systems.
“HPCC Systems combines data and linking capabilities to allow us to identify, connect and organise vast quantities of data with very high levels of reliability,” says Beal.
“This allows our clients to aggregate key risk data, such as location, personal, business and asset-related data, to make more informed decisions.”
LexisNexis is a major player in the US insurance field, working with 100pc of the US general (property and casualty) insurance market – it also “delivers solutions” to most of the UK insurance market.
Welcoming the jobs news, Martin Shanahan, CEO of IDA Ireland said: “IDA Ireland is targeting the data analytics sector as an area set for high growth – we believe that Ireland has huge potential here.
“The establishment of a dedicated centre of excellence for data analytics by LexisNexis Risk Solutions in Dublin will strengthen Ireland’s brand as a place where businesses can find talent to match their needs.”
Data analytics jobs via Shutterstock