NU Online News Service, Oct. 12, 12:18 p.m. EDT

The Council of Insurance Agents & Brokers and LexisNexis announced they have partnered to build a Web-based insurance exchange for the independent agent-based distribution system.

The groups said their new exchange, which will begin test runs next summer, will automate and simplify insurance intermediary/insurer distribution workflow and enable access to key market information and analytics for better decision-making.

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