Benefit Advisors Network (BAN), a network of independent, employee benefit brokerage and consulting companies, has joined the LexisNexis Insurance Exchange.
BAN members will use the Insurance Exchange for employee benefits placement as a way to secure data, track and communicate progress and minimize errors during the submission process and improve its collaboration with carriers.
BAN executive director Perry Braun said their distinguished members look to BAN to deliver industry leading services, tools and technology to help them better compete and more efficiently run their operations.
"This platform represents an opportunity to significantly improve the submission/procurement process in the employee benefits space, and we’re eager to see the same gains as brokers have seen with Property & Casualty lines," added Braun.
LexisNexis Insurance Exchange president Peter Lynch the addition of BAN represents a significant presence in the employee benefits community. They look forward to working with these industry leaders and helping them optimize their use of the platform so they can improve management and tracking of data in their submission process.