18 September 2006
Advisen Ltd.
Opening of London Office
Advisen Ltd., the leading provider of analytics, benchmarking and market information to the global commercial insurance industry, announces the opening of a London office.
The London office will provide existing clients in the UK and Europe with a dedicated local service as well as develop further business opportunities for its current product offering.
Headquartered in New York, Advisen provides insight into underwriting, marketing and purchasing commercial insurance. Advisen's web-based applications incorporate data, analytic tools and research on over 1.7 million global assureds and 80 industries. Advisen currently serves over 400 leading commercial insurers, insurance brokers, risk management departments of major corporations, and other related organisations.
Advisen clients gain higher value on the above information through analytic functions such as: benchmarking, work-up and submission templates, insurance program management, policy & law comparisons, loss & exposure analysis, corporate governance, financial metrics, news and significant case data. Over 40,000 insurance professionals use Advisen every day.
Advisen is expanding its current product offering to enable all parties to an insurance transaction to communicate terms and conditions and exchange documents electronically through the agreed ACORD standards.
Mason Power, Managing Director, Advisen Europe, commented: “The business intelligence we provide gives our clients the information they need to make better decisions, whether they are underwriters, buyers of insurance or brokers involved in the structuring of insurance contracts. We are actively expanding our database to include more coverage of UK and European private and public risks.
“Having a permanent presence at the centre of the London Market enables us to assist our clients better utilise Advisen to be more productive while keeping pace with market reform mandates. Recent peer-to-peer initiatives in the London Market are exciting and we are pursuing opportunities to support those activities vigorously.”
Further information, please contact:
Mason Power, Advisen Ltd. Tel: +44 (0) 7809 143 620
mpower@advisen.com
Peter Rigby/Alexandra Parry Tel: +44 (0)20 7417 8989
Haggie Financial
Notes to editors:
The London office is located at:
Lloyd’s
Gallery 4
One Lime Street
EC3M 1LP
Mason Power, who has been a principal at Advisen since its formation, will be Managing Director, Advisen Europe. Mason led Advisen’s Product Development efforts from 2002 to 2003 and led the launch of its e-mail newsletter Front Page News in 2004. Mason has also been responsible for producing the RIMS Benchmark Survey since 2002. Prior to joining Advisen, Mason worked at Bloomberg LP for 10 years. Mason and his family have relocated to London to ensure the rapid growth of Advisen Europe.
About Advisen
Advisen Ltd. provides carriers, brokers, risk managers and other insurance professionals with an integrated analytics and information platform for insight to make key commercial insurance and risk management decisions. Advisen’s over 400 clients access the on-demand, web-based service for research on 435,000 program transactions representing 75,000 companies, 180,000 claims, 80 industries and 1.7 million companies and organizations. Advisen member firms gain higher value on the above information through analytic functions such as: benchmarking, work-up and submission templates, insurance program management, policy & law comparisons, loss & exposure analysis, corporate governance, financial metrics, news and significant case data. Over 40,000 insurance professionals use Advisen every day. Visit www.advisen.com or call +44 (0) 7809 143 620.