LexisNexis® Risk Solutions today announced that Dawson Companies, a leading brokerage in the U.S., joined the LexisNexis® Insurance Exchange. The Cleveland-based broker elected to become part of the Insurance Exchange to gain beneficial data intelligence around submission details, response time and valuable real-time information for more productive collaboration with markets.
The LexisNexis Insurance Exchange is a business and renewal submission placement platform that enhances the flow of application data between brokers, agents and their markets. Through the Insurance Exchange, brokers are kept up-to-date as they manage submissions to multiple markets and gain more insight on markets interested in receiving complementary risks, allowing both to focus stronger relationship-building rather than administrative tasks.
“Joining the LexisNexis Insurance Exchange is representative of Dawson Companies’ commitment to offer comprehensive insurance solutions and provide added value to our growing customer base,” said Mike Sherman, CEO, Dawson Companies. “The Insurance Exchange simplifies the way we do business by automating manual processes, enhancing security and improving our market knowledge. This allows us to serve customers and focus on our business objectives.”
Leading brokers who have been using the Insurance Exchange for the past year have experienced significant advantage from the platform’s user-friendly mechanism to better identify matching risk appetites, track progress and communicate during risk placement. It is this success that is attracting industry leaders like Dawson Companies to move quickly to leverage the platform’s many advantages.
“As Dawson Companies continues to grow, the Insurance Exchange is poised to help the brokerage focus on its customers while making the submission process more efficient,” said Peter Lynch, president, LexisNexis Insurance Exchange. “The ability to manage relationships with carriers and more quickly and precisely identify which markets are writing specific risks is driving continued interest in the Insurance Exchange.”
About LexisNexis Insurance Exchange
The LexisNexis® Insurance Exchange (lexisnexis.com/insuranceexchange) is a collaborative insurance placement platform designed to improve the flow of application data and documents between agents, brokers, wholesalers and carriers. By eliminating redundant and manual data entry, we help customers improve and streamline the insurance placement process creating a more efficient and productive environment.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions (lexisnexis.com/risk/) is a leader in providing essential information that helps customers across all industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced scoring analytics, 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 publisher and information provider that serves customers in more than 100 countries with more than 30,000 employees worldwide.
About Dawson Companies
Since its 1931 founding, Dawson Companies (DawsonCompanies.com) has grown into one of America’s leading insurance and financial services brokerage firms. Dawson specializes in Property & Casualty Insurance, Surety Bonding, and Employee Benefits and is continually ranked as one of the top 100 brokers in the U.S. Dawson Companies is a full-service, independent agency system that provides products and services from offices in Ohio, Florida, and Virginia, employing more than 200 insurance and benefit professionals. Clients range from Fortune 500 corporations, to privately-held businesses, non-profit agencies, healthcare institutions, professionals, individuals and their families.