Getting insurance transactions to be easier
Lexus Nexus just developed an online insurance information exchange for brokers. They are looking to solve one of the problems in placing insurance and that is information exchanges between brokers and companies. From what I read, online risk and insurance information about companies will be available for both brokers and companies to review. This will allow a quicker turnaround of insurance quotes and more competition. As of now this is mainly concentrated on large and mid market business. Small business will not be part of the exchange. Until next time be careful out there and know your risks. K