LexisNexis Risk Solutions is integrating the LexisNexis Insurance Exchange into its commercial-insurance business. The combined organization will develop commercial-insurance solutions, using data, analytics and commercial workflow processes to create more effective and efficient commercial processes.
“Together, LexisNexis can deliver a more holistic commercial offering to the market that addresses the industry's needs to write better risks and improve ease of doing business,” Bill Madison, CEO of insurance at LexisNexis, says in a statement. “Through this effort, LexisNexis demonstrates its commitment to improve workflows; deliver actionable insights; and provide a more seamless, engaging customer experience for insurers, brokers and their business customers.”
As part of the integration with the commercial-insurance business, the Insurance Exchange will be led by Ernie Feirer, vice president of commercial insurance.
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