NEWSWIRETODAY Press Release& Newswire Distribution | HOME
PRTODAY / NewswireToday press release distribution service network
Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

LexisNexis® Announces Industry-Wide Availability of the LexisNexis Insurance Exchange - Successful completion of insurance exchange early adopter program
LexisNexis® Announces Industry-Wide Availability of the LexisNexis Insurance Exchange


NewswireTODAY - /newswire/ - New York, NY, United States, 2011/05/23 - Successful completion of insurance exchange early adopter program.

Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance / Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


LexisNexis® Risk Solutions today announced the successful completion of the LexisNexis® Insurance Exchange Early Adopter program and the official launch of industry-wide participation for the Insurance Exchange. The Early Adopter program was an opportunity for a select group of leading brokerages to use the Insurance Exchange and provide feedback to LexisNexis, in advance of the industry-wide launch. The Insurance Exchange has received broad support from agents, brokers and carriers. Since the launch of the program in the fall of 2010, submissions have been sent to more than 730 underwriters registered on the Insurance Exchange, representing nearly 200 carriers and wholesalers.

Early Adopter participants noted immediate efficiency gains by being able to enter information once and have it available for multiple markets. “The LexisNexis Insurance Exchange completely changes the way we do business,” said Markham McKnight, president of BancorpSouth Insurance Services, Inc. “It allows us to be more responsive to our client needs. We’ve been waiting for a solution that would allow brokers to more effectively submit business to multiple carriers for years. It’s a single solution for our entire process.”

The LexisNexis® Insurance Exchange is a business and renewal submission placement platform that enhances the flow of application data between insurance agents, brokers and carriers. The Insurance Exchange reduces workload, facilitates access to markets and improves collaboration between distribution partners. Carriers can communicate their risk appetite to brokers at the point of submission and reach new markets.

“We don't believe it's revolutionary, we think it's evolutionary,” said Peter Lynch, president, LexisNexis Insurance Exchange. “Carriers also benefit tremendously by making their detailed risk appetites known in a much more timely fashion. In addition, the ability to take the data from the Insurance Exchange and tie it to their forms electronically eliminates redundant work on their end and provides a tremendous benefit to the underwriting process.”

The nearly 200 carrier and wholesaler participants include 70 percent from the top 25 property & casualty carriers. In addition, several carriers are now working with the Insurance Exchange to take greater advantage of the platform. These organizations are working with the Insurance Exchange to broaden their distribution opportunities, and enhance broker education of and adherence to their underwriting appetite and guidelines.

“We joined the LexisNexis Insurance Exchange in order to work more efficiently with agents and brokers, and to open up new markets for our offerings,” said Clyde Fitch, senior vice president and chief sales officer, State Auto. “Some of the marketing features of the Insurance Exchange will allow us to reach agents and brokers that might not usually think of us. We recommend carriers give it a thorough evaluation.”

“The LexisNexis Insurance Exchange is a simple solution to problems this industry has been struggling with for more than 40 years,” said Ken A. Crerar, president, The Council of Insurance Agents & Brokers. “It provides the industry with a seamless system that addresses the tremendous workflow inefficiencies associated with submitting business to multiple carriers. The core of the Insurance Exchange is to streamline a system that allows brokers to be better brokers and helps underwriters better underwrite.”

The Insurance Exchange is overseen by the Insurance Exchange Trust, an industry board with broker, carrier and industry trustees, including representatives of The Council of Insurance Agents & Brokers, the Independent Insurance Agents & brokers of America, Assurex Global and ACORD.

For more information, visit

About LexisNexis
LexisNexis ( is a leading global provider of content and information solutions that enable professionals in legal, corporate, academic, government and non-profit organizations to make informed decisions and achieve better business outcomes. LexisNexis harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity and increase profitability. LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide.

LexisNexis® Risk Solutions ( is the leader in providing essential information that helps companies across all industries and government predict, assess, and manage risk. LexisNexis helps insurers automate and improve the performance of critical workflow processes to reduce expenses, improve service and position customers for growth.

Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance / Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick NewswireToday Visibility Checker


Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Insurance / Risk Management articles,
CATCH Visitors via Your Competitors Announcements!

LexisNexis® Announces Industry-Wide Availability of the LexisNexis Insurance Exchange

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
LexisNexis |
Contact: Megan Mahoney - 
678-694-6032 megan.mahoney[.]
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LexisNexis (a division of Reed Elsevier Inc.) securities in any jurisdiction including any other companies listed or named in this release.

Insurance / Risk Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From LexisNexis (a division of Reed Elsevier Inc.) / Company Profile

Read Insurance / Risk Management Most Recent Related Newswires:

SCOR Partners with DGTAL to Push AI-powered Claims Assessments
Targa Telematics Applauded by Frost & Sullivan for Ensuring Cost Savings, Improving Driver Safety with its Intelligent Mobility Solutions
OCTO Telematics Applauded by Frost & Sullivan for its Versatile Telematic Solutions and Demonstrated Leadership via Continuous Innovation
SCOR Partners with Bowtie and Take2 on Innovative Cancer Screening Solution
Frost & Sullivan and TERI to Recognize Indian Organizations Embedding Sustainability with Economic Value Creation At its Sustainability 4.0 Awards
Zelros Receives the 2021 European Technology Innovation Leadership Award from Frost & Sullivan
Verisk Analytics Lauded by Frost & Sullivan for Pioneering Telematics Data Exchange for Usage-Based Insurance in North America
SCOR Partners with Senseye to Develop ROI LOCK
FIS Named Category Leader in Chartis Report for Sell-Side Risk Management Technology
ALM Launches FC&S Expert Coverage Interpretation
Auto Insurers Seize Growth Opportunities by Offering Financial and Insurance Tools Over Digital Platforms
Insurance and Benefits Thought Leaders Set to Gather At 15th Annual BenefitsPRO Broker Expo
TrustArc Expands Industry-Leading Privacy Platform with New Intelligent Assessments, Compliance Reports and Dashboard
TrustArc Introduces Intelligence Engine to Automate Privacy Risk Management
ShieldSquare Commended by Frost & Sullivan for Offering Granular Bot Risk Management through its Real-time Bot Mitigation Solution

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business



Visit  Limelon Advertising, Co.

  ©2005-2024 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (