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LexisNexis(R) Acquires MarshBerry Sales Portal

LexisNexis(R) Risk Solutions announced the acquisition of the Sales Portal, from MarshBerry, the nation’s preeminent insurance consulting and M&A advisory firm. The Sales Portal is a state-of-the-art sales management automation tool that will be offered by the LexisNexis Insurance Exchange.

The Sales Portal expands the functionality of a producer’s desktop and the propensity for new business production by automating all three aspects of the sales process: lead management, pipeline management and stewardship/service timelines. The insurance brokerages currently utilizing the Sales Portal write more than $1 billion in aggregate commission income.

The LexisNexis(R) Insurance Exchange is a collaborative insurance placement platform designed to improve the flow of application data and documents between agents, brokers, wholesalers and carriers. By eliminating redundant and manual data entry, we help customers improve and streamline the insurance placement process creating a more efficient and productive environment. For more information, visit www.lexisnexis.com/insuranceexchange  .

Source:  MarketWatch

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