AmWINS Group Joins LexisNexis® Insurance Exchange
September 29, 2011 — Insurance Exchange Facilitates Communication, Encourages Industry-wide Collaboration
ATLANTA – LexisNexis® Risk Solutions today announced that AmWINS Group, Inc., has joined the LexisNexis® Insurance Exchange as a full member. The Charlotte, N.C.-based wholesale and underwriting insurance group had been a leading market participant since the launch of the Insurance Exchange last fall and elected to take advantage of membership as a way to improve their product distribution and collaboration with retail agents and brokers.
The LexisNexis Insurance Exchange is a business and renewal submission placement platform that enhances the flow of application data between insurance carriers, wholesalers, agents and brokers. Companies like AmWINS that join the Insurance Exchange as members, benefit from the ability to leverage their brand in this channel and more effectively articulate risk appetite, keeping brokers up-to-date as they select markets for specific opportunities.
“The LexisNexis Insurance Exchange has taken an important step in developing tools around the way today’s insurance companies do business and is working to improve collaboration and information sharing among organizations,” said Steve DeCarlo, CEO and Director, AmWINS. “We’re pleased to step into full membership so that AmWINS can leverage the Insurance Exchange’s resources, including enhanced distribution opportunities, more agile communication, and forward-thinking technology, which aligns well with our business strategy.”
“By joining the LexisNexis Insurance Exchange, wholesalers like AmWINS will have a venue for collaboration and working more effectively with agents and brokers on the complexities of matching constantly changing risk appetites to markets,” said Peter Lynch, president, LexisNexis Insurance Exchange. “Leveraging the technology to automate key processes allows carriers and brokers to communicate and collaborate in new ways to gain efficiencies and write more business, their overall business objective. We strongly believe this platform meets the precise needs of the insurance industry.”
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.
AmWINS Group, Inc. (www.amwins.com) is a leading wholesale distributor of specialty insurance products and services with expertise across a diversified mix of property, casualty and group benefits products. With over 1,900 employees located in 17 countries, AmWINS handles over $5.0 billion in premium annually through our four divisions: Brokerage, Underwriting, Group Benefits and International.