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LexisNexis Insurance Exchange Celebrates One-Year Anniversary
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The LexisNexis Insurance Exchange - an online single-entry submission system that streamlines the flow of application data among agents, brokers and carriers - celebrated its one-year anniversary in June.
Since becoming available industry-wide one year ago, more than 40,000 submissions have gone through the system. Some 125 brokers and 325 markets now use the Exchange - and as the number of users grew, the Exchange has been extending its products and functionality, embedding new data, analytics and marketing tools to the system.
LexisNexis Insurance Exchange's General Manager Clyde Owen recently spoke with Insurance Journal to discuss the Exchange's progress and future plans.
