LexisNexis Risk Solutions has announced that 16 insurance brokerages have joined the LexisNexis Insurance Exchange including:

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The Insurance Exchange is an innovative new business and renewal submission placement platform that enhances the flow of application data between insurance agents, brokers and carriers. It helps enhance agent and broker profitability by reducing workload, facilitating access to new markets and improving collaboration between organizations. It is the result of an alliance formed through LexisNexis Risk Solutions, The Council of Insurance Agents & Brokers and Marketcore Inc. to improve the efficiency and transparency of the industry distribution systems for all participants.

The brokers are joining the Insurance Exchange as part of an early adopter program which formally launches in October 2010. The early adopter program is an opportunity for a select group of leading brokerages and carriers to use the exchange and provide feedback to LexisNexis, in advance of an industry-wide launch in early 2011.

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