View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 3, 2010

LexisNexis Selects FirstBest Technology To Power New Insurance Exchange

LexisNexis Risk Solutions has selected FirstBest Systems, a provider of insurance software solutions for commercial lines insurers, as the core technology partner for its newly announced insurance exchange.

By CBR Staff Writer

The company said that the FirstBest’s technology product will automate insurer distribution workflow, enabling agents and brokers to submit insurance applications in a one-step, real-time process and provide access to market information and analytics.

LexisNexis said that it is creating the insurance exchange, along with Council of Insurance Agents and Brokers, to improve the efficiency and transparency of the intermediary distribution system. The new exchange will combine technology and information at each of the workflow steps of the insurance transaction process to reduce redundant work and costs, and to enable agents and brokers to offer clients a choice of insurance products.

Jeffrey Glazer, senior vice president and general manager of LexisNexis Insurance, said: Agents and brokers are demanding more efficiencies and transparency. The exchange will ease the collaboration and submission process for carriers and intermediaries, and FirstBest’s technology will help increase efficiencies.

John Belizaire, Founder and CEO of FirstBest Systems, said: FirstBest provides a transformational and collaborative underwriting management system for intermediaries and carriers, delivering information and automation at each key step of the insurance process.”

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU