LexisNexis Risk Solutions is integrating the LexisNexis Insurance Exchange into its commercial-insurance business. The combined organization will develop commercial-insurance solutions, using data, analytics and commercial workflow processes to create more effective and efficient commercial processes.

“Together, LexisNexis can deliver a more holistic commercial offering to the market that addresses the industry's needs to write better risks and improve ease of doing business,” Bill Madison, CEO of insurance at LexisNexis, says in a statement. “Through this effort, LexisNexis demonstrates its commitment to improve workflows; deliver actionable insights; and provide a more seamless, engaging customer experience for insurers, brokers and their business customers.”

As part of the integration with the commercial-insurance business, the Insurance Exchange will be led by Ernie Feirer, vice president of commercial insurance.

The LexisNexis commercial-insurance business enables brokers and carriers throughout the policy life cycle to best match risks and risk appetites and make sure they are connected at key points throughout the submission process. Commercial carriers and brokers utilize data and analytics solutions from LexisNexis, such as marketing and data pre-fill, to better know their customers, lower loss ratios, streamline quoting and become a choice carrier of preferred risk.