LexisNexis Risk Solutions has said that it will provide interconnectivity between the LexisNexis Insurance Exchange platform and the Assurex Global Passport system, to improve broker efficiency.
Assurex Global, a network of independent insurance agents and brokers, has 110 global broker partners and represents more than $28bn 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.
Assurex Global president and CEO Jim Hackbarth said this integration will help the broker Partners better leverage the benefits of both tools while also streamlining the submission process.