The Insurance Exchange Trust Inc., an industry-controlled entity designed to oversee the LexisNexis Insurance Exchange, was officially unveiled. The role of the trust is to provide both guidance and insight to LexisNexis Risk Solutions to ensure the Insurance Exchange fully supports the needs of the insurance distribution market, carriers and their customers.

The LexisNexis Insurance Exchange is a single-entry collaborative insurance placement platform that automates and streamlines the flow of application data and documents between insurance agents and brokers and wholesalers and carriers. It is designed to promote and facilitate competition in insurance markets and to provide a level of efficiency and increased productivity.

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