LexisNexis® Risk Solutions today announced that Fisher Brown Bottrell Insurance, Inc., one of the largest bank owned agencies in the U.S., joined the LexisNexis® Insurance Exchange. The Jackson, Miss.- and Pensacola, Fla.-based broker elected to become part of the Insurance Exchange as a way to improve its collaboration with carriers on desired risks, reduce data entry time, and minimize errors during the submission process.
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.
"In joining the LexisNexis Insurance Exchange, we are able to extend our mission - superior service, communication and an enhanced insurance experience - to how we work with carrier partners as well as clients," said Scott Woods, president and CEO, Fisher Brown Bottrell Insurance, Inc. "Additional efficiency allows our team of dedicated insurance experts to focus on what we do best, which is understand our clients’ businesses and tailor their risks to insurance programs that meet their needs."
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 Fisher Brown Bottrell to move quickly to leverage the platform’s many advantages.
"We look forward to working with Fisher Brown Bottrell to demonstrate how the Insurance Exchange can benefit the company and its diverse client base by quickly and precisely identifying which markets are writing specific risks," said Peter Lynch, president, LexisNexis Insurance Exchange. "Fisher Brown Bottrell already understands the use of technology as an efficient platform for collaboration with its customers. With carrier insight and added efficiency from the Insurance Exchange in the submission process, brokers can gain additional understanding of marketplace dynamics to drive business growth."
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 Fisher Brown Bottrell Insurance, Inc.
Created by the merger of two innovative and long-respected agencies, Fisher Brown Bottrell Insurance, Inc. provides comprehensive insurance solutions to a diverse business and personal clientele base throughout the Southeastern United States. We are a wholly owned subsidiary of Trustmark Bank, a publicly traded financial services company with over 133 locations and over 200 associates in Mississippi, Florida, Tennessee and Texas. Today, Fisher Brown Bottrell ranks as one of the largest bank owned agencies in the United States, with over 120 associates.