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Contacts: |
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Patrick Ward |
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104° West
Partners |
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303-262-6078 |
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patrick.ward@104degreeswest.com |
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Advisen
Releases New Version of Information Platform for Commercial
Insurance Industry |
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Unified
Platform To Accommodate Needs of Insurers, Brokers and Risk
Managers; Company Expands Sales, Marketing and Customer Service
Organizations |
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New York,
September 30, 2003 - Advisen, Ltd., the leading provider of
information, analytics and benchmarking for the commercial
insurance industry, today introduced Version 2.0 of its
industry-leading information platform for insurance
professionals.
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The New York-based
company, which currently serves over 65 leading insurers,
insurance brokers and risk management organizations, also said
it had expanded its sales, marketing and customer service
organizations to service its growing market opportunity. |
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"Giving
insurance professionals access to information and tools on a
daily basis is an effective strategy to substantially affect
underwriter pricing decisions, broker-client relations and risk
management and buying strategies," said Tom Ruggieri, CEO
of Advisen. "Advisen supplies the commercial insurance
industry with the long-sought after integration of critical
benchmarking data and analytical tools that gives professionals
the insight to make the best business decisions."
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Advisen created
the first, high-value solution dedicated exclusively to the
commercial insurance industry. Over the last two years, Advisen
has introduced critical data on business risk analysis and
analytic tools designed to enhance the efficiencies of
insurance transactions. Advisen overlays all of its information
with expansive insurance industry-specific data and tools.
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The new Advisen
Version 2.0 adds a series of additional features. Advisen has
expanded its insurance program benchmarking by introducing
real-time data and new analytic functions. The new version also
includes the deepest information-set on 53 vertical industries
typically serviced by commercial insurers and brokers. Advisen
2.0 enhancements further include the expansion of financial
data for public companies in 107 different countries. Users now
have the option of viewing financial data in local reporting
currency or converting the data in real-time into any major
money center currency. |
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Advisen
is also introducing a new graphic-user interface for the site
to make it easier to navigate. |
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Glenn Weber, an
Advisen principal, said "Advisen 2.0 offers major
improvements to the user interface, making the entire platform
easier to navigate. The new features include a revised Main
Menu that offers access to critical research and analysis
tools, documentation resources and topically organized news." |
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"A new
QuickAccessTM navigation toolset lets users access
research company and industry information more easily," he
continued. "We want to present the full power of the
entire Advisen platform in a simple format to combine the
strength of the data with an easy-to-use interface that helps
customers leverage the breadth of the platform."
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The Advisen
platform is designed for professionals across the commercial
insurance industry. Advisen provides insurance underwriters
with a single, customizable information platform for assessing
risk exposure, which can be integrated into existing workflow
and systems. For brokers, Advisen provides a platform to both
service existing clients and prospect new ones. Advisen offers
risk managers a unified resource for unbiased information and
tools to help drive better risk decisions, more efficiently
manage insurance programs, and provide insight into market
conditions. |
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The new version of
the Advisen platform is available immediately; additional
features will be released during the fourth quarter. All
existing Advisen clients are automatically upgraded to the new
version, with no additional fees or maintenance charges. |
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The company has
expanded its sales organization with the hiring of several
senior sales executives from various major information services
companies and insurance technology firms. The company has now
created a dedicated customer service organization to work
directly with client organizations via training, post-sale
service and continued product education. Advisen further plans
to introduce a series of new marketing efforts to expand its
brand and market position. |
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About
Advisen |
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Advisen Ltd.
offers strategic information services to the global commercial
insurance industry, combining comprehensive market data with
proprietary analytic and benchmark modeling services via the
Internet. Advisen serves the world's leading insurance
companies, brokers and risk managers by providing a systematic
perspective on writing, marketing and purchasing lines of
commercial insurance. For additional information about Advisen
Ltd, visit www.advisen.com
or call 866.ADVISEN or 212.897.4800. |
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