LexisNexis Risk Solutions has selected FirstBest Systems, Inc., as the core technology partner for its new insurance exchange.
The FirstBest technology solution will automate insurer distribution workflow, enabling agents and brokers to submit insurance applications in a one-step, real-time process and provide access to key market information and analytics for better decision-making.
"Agents and brokers are demanding more efficiencies and transparency," says Jeffrey Glazier, senior vice president and general manager of LexisNexis Insurance Solutions. "They need to cut redundancy and costs and offer clients a broader choice of insurance products. The exchange will ease the collaboration and submission process for carriers and intermediaries, and FirstBest's technology will help increase efficiencies."
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