Assurex Global and LexisNexis® Insurance Exchange Integrate Platforms to Improve Broker Efficiency
August 24, 2011 — NEW YORK, NY – LexisNexis® Risk Solutions today announced that it will provide interconnectivity between the LexisNexis Insurance Exchange platform and the Assurex Global Passport™ system. Assurex Global, the world's premier network of independent insurance agents and brokers, has 110 global broker Partners and represents more than $28 billion in annual premium volume.
Partners collaborate during the sales process through Passport, and can utilize the Insurance Exchange to manage the submission process to place the risk. Integration of the two solutions will allow brokers to move documents and data from Passport to the Insurance Exchange in a single step, automating the setup of a client and submission within the Insurance Exchange.
"We are impressed by the Insurance Exchange, and its integration with our proprietary Passport system is a natural fit," said Jim Hackbarth, president and CEO of Assurex Global. "Assurex Global exists to help our Partners grow, succeed and remain independent—to do what is in their best interest. This integration will help our broker Partners better leverage the benefits of both tools while also streamlining the submission process."
Assurex Global Partner brokers who are also using the Insurance Exchange look forward to immediate efficiency gains by reducing redundant data entry. "The Insurance Exchange significantly streamlines our submission workflows," said Tod Ashby, senior vice president of information technology, Van Gilder. "Now, we have the opportunity to seamlessly extend that workflow with the use of Passport with no additional work for our users."
"Assurex Global is well-respected industry-wide for providing first class tools and support to its brokers," said Peter Lynch, president, LexisNexis Insurance Exchange. "We're pleased to count the Insurance Exchange among those solutions, and we are excited by the additional efficiency the integration with Passport provides."
About Assurex Global
Founded in 1954, Assurex Global Partners offer risk management, commercial insurance and employee benefits from more than 500 offices over six continents. Through strategic Partner collaboration, programs can be tailored to meet any regional or global requirements. Whenever or wherever a client has an asset at risk, there is an Assurex Global Partner ready to assist. For a complete listing of Assurex Global Partner offices, or for more information, visit www.assurexglobal.com
About LexisNexis Insurance Exchange
The LexisNexis® Insurance Exchange 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. For more information, visit www.lexisnexis.com/insuranceexchange.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions (www.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.