LexisNexis® Risk Solutions today announced that Benefit Advisors Network (BAN), a premier, national network of independent, employee benefit brokerage and consulting companies has joined the LexisNexis® Insurance Exchange. BAN members will use the Insurance Exchange for employee benefits placement as a way to better secure data, track and communicate progress and minimize errors during the submission process and improve its collaboration with carriers.
The LexisNexis Insurance Exchange is a business and renewal submission placement platform that enhances the flow of data between brokers or agents and carriers. Through the Insurance Exchange, brokers are kept up-to-date as they manage submissions to multiple markets and carriers benefit from effectively articulating their products’ features and benefits, allowing both to focus their time on enhanced relationship-building rather than administrative tasks.
"Our distinguished members look to BAN to deliver industry leading services, tools and technology to help them better compete and more efficiently run their operations," said Perry Braun, Executive Director, Benefit Advisors Network. "This platform represents an opportunity to significantly improve the submission/procurement process in the employee benefits space, and we’re eager to see the same gains as brokers have seen with Property & Casualty lines."
"Our vision for the Insurance Exchange is to provide a single source for all insurance placement for brokers and carriers," said Peter Lynch, president, LexisNexis Insurance Exchange. "To date, most of our participants have focused on commercial property & casualty lines. The addition of BAN represents a significant presence in the employee benefits community. We look forward to working with these industry leaders and helping them optimize their use of the platform so they can improve management and tracking of data in their submission process."
Members of Benefit Advisors Network include:
Advanced Benefits; AKT Benefit Advisors LP; Barresi Benefits Group; Benefit Foundations of America; Benico Ltd.; Bolton & Company; The Centennial Group; Chapman Schewe; Clark & Lavey Benefits Solutions, Inc.; CM Smith Agency; Cobbs, Allen & Hall, Inc.; Coury Health Services, Inc.; CPI-HR
David Martin Agency, Inc.; DeWitt Stern Group Planning Services; Diversified Insurance Group; Eustis Benefits, LLC; Gnaster & Gnaster; Great Lakes Employee Benefit Services; Gregory & Appel Insurance; Group Services; Integrated Benefit Services, Inc. (IBS); J A Counter & Associates; Lipscomb & Pitts; Mengel, Surdyke, Murphy & Finke; Peel & Holland; Phillips Benefits Advisors; Pilot Benefits; Plan Analysts, Inc.; The Plexus Groupe, Illinois; The Plexus Groupe, Texas; Presidio Benefits Group; Progressive Benefit Solutions; PWA Insurance & Financial Services; Relph Benefit Advisors; Seacrest Partners; Seitlin Benefits; Sequoia Benefits; Silberstein Insurance Group (SIG); Stemler, McTighe & Lewis; TIS Insurance Services, Inc.; TRUEBenefits; Virtus Benefits, Inc.; Wallace Insurance Group.
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, we provide 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 Benefit Advisors Network (BAN)
Founded in 2002 by five agencies, Benefit Advisors Network (BenefitAdvisorsNetwork.com) is an exclusive, premier, national network of independent, employee benefit brokerage and consulting companies. They deliver industry leading tools, technology, and expertise to member firms so that they can deliver optimum results to their employee benefit customers. BAN’s members, known as Smart Partners® partly because of their highly collaborative interactions, are screened prior to being granted membership to ensure they distinguish themselves from their competitors through their knowledge of the industry, their ethical approach, their business acumen, and their strategic vision.
To preserve and enhance the intimate level of sharing between the Smart Partners, BAN turns away more candidates than they accept, ensuring that its members are peers with the most progressive and innovative employee benefit consultants and brokers from throughout the entire country.
Wendy Skoch Hart, Benefit Advisors Network
P: 440.528.0304 / E: WHart[.]benefitadvisorsnetwork.com.