Advisen Press Release: First Interactive RIMS Benchmark Survey Now Available

Advisen


Contacts:



Sarah Hemingway

Sarah Johnson



Risk and Insurance Management Society

Metzger Associates for Advisen



212-655-6059

303-786-7000



shemingway@rims.com

sarah@metzger.com





FIRST-EVER INTERACTIVE RIMS BENCHMARK SURVEYTM NOW AVAILABLE





RIMS Partners with Advisen to Create Benchmarking Service





NEW YORK, Nov. 11, 2002 - The Risk and Insurance Management Society, Inc. (RIMS) and Advisen Ltd. announced today that they are inviting the risk management and financial communities to participate in the new online RIMS Benchmark SurveyTM.





Participants who contribute data to the Survey will receive immediate access to the Complimentary Contributor Service. This service charts and schedules insurance programs and interactively compares contributor's data with prior years' Survey data. To participate, RIMS members and other risk management and financial professionals can visit http://www.rims.org/benchmarksurvey. Participant support is available by calling 1-800-655-6590.





Starting in January 2003, a Subscriber Benchmarking Service will allow subscribers to use interactive benchmarking tools to compare costs and programs against continuously updated marketplace data.





"RIMS is proud to introduce this service, which benchmarks individual data allowing risk and financial professionals access to new tools to view the risk-financing marketplace," said Christopher Mandel, RIMS President. "This is a dynamic and much needed RIMS product that will be a critical resource to the membership."





The new benchmarking service is produced by Advisen, a developer of online interactive software and information sourcing tools exclusively for insurance professionals.





"Advisen has modernized basic interaction with the survey and how participants both record and represent their risk-financing program," said Thomas Ruggieri, CEO of Advisen. "This year's survey offers risk management professionals entirely new tools for managing risk."





The Benchmark Survey will be managed by James Blinn, an Advisen Principal, who has over 15 years experience in leading prior surveys. "The Benchmark Survey provides participants with new, more valuable functionality that vaults the survey into the electronic age," said Blinn.





The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents nearly 4,000 industrial, service, nonprofit, charitable, and governmental entities. The Society serves 8,000 risk management professionals around the world.





Advisen Ltd. is the leader in strategic information services for the commercial insurance industry, combining comprehensive market data with proprietary analytic and benchmark modeling software. Advisen is the only provider to offer insurance companies, brokers and risk managers a systematic perspective on writing, marketing and buying lines of commercial insurance. Based in New York City with offices in Chicago and London, Advisen was founded in 1999 by a team of seasoned insurance and technology executives, including senior managers from Marsh Inc., Bloomberg, L.P. and Swiss Re America. For additional information, visit www.advisen.com.





Editor's Note: For full product and service descriptions with pricing information see attached sheet or visit www.rims.org/benchmarksurvey/productpricing/.