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One year ago, the LexisNexis Insurance Exchange—resulting from an alliance among LexisNexis Risk Solutions, the Council of Insurance Agents & Brokers (CIAB) and Marketcore Inc.—was launched in an early adopter release to 16 brokerages and five member carriers. The system’s goal: to simplify the submission of midmarket commercial-lines risks by enabling agents and brokers to enter application data once and send it electronically to multiple markets.

Although the Insurance Exchange was a new utility, single entry was far from a new concept in insurance. “There have been at least 14 other attempts [at single entry] that have not been successful, and I’ve been involved with seven or eight of them over the last 20 years,” says Ken A. Crerar, CIAB’s president and CEO.

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