Advisen Press Release: Advisen Ltd. Announces Release of Advisen 6.0

Advisen

Contact: Matt Otepka

104° West Partners

206-855-7826

matt.otepka@104degreeswest.com

RISK MANAGERS, BROKERS AND UNDERWRITERS GAIN NEW TOOL SETS

WITH RELEASE OF ADVISEN 6.0

Next Generation Platform Delivers New Features Based on Proprietary and Market Data; Affirms Advisen’s Leadership Position in Providing Productivity and Insight for Insurance Professionals

New York, May 1, 2007 – Advisen, Ltd., the leading provider of technology and data to the global commercial insurance industry, today released Advisen 6.0, the latest version of its integrated, front-office platform of productivity and insight tools for commercial insurance professionals.

The new version of the Advisen platform remains the only on-demand platform that integrates analysis tools, software applications and data developed specifically for the global insurance business. Advisen 6.0 further enables risk managers, brokers and underwriters to leverage technology and proprietary data to provide strategic insight by creating new analytics, offering intelligence on the markets’ behavior, and leveling the playing field between sellers and buyers of commercial insurance.

“With the release of Advisen 6.0, we continue to bring value to all stages of the lifecycle of an insurance program,” said Tom Ruggieri, CEO of Advisen. “Advisen 6.0 demonstrates a commitment to inform and empower insurance professionals first with productivity tools to streamline internal operations and external communications, and second with insightful analytics, benchmarking and comparison tools to see markets’ trends.”

“Advisen’s efficiency platform combined with strategic insight gives commercial insurance firms the leverage they need to drive growth and profitability in their businesses,” he continued.

Advisen 6.0 Offers Key Benefits for Risk Managers, Brokers and Underwriters

The new version of Advisen offers enhanced benefits to all commercial insurance professionals.

Risk managers will use Advisen 6.0 to increase efficiency by eliminating redundant data entry, storing files in a single, secure repository, and communicating structured information electronically. In addition, risk managers can take advantage of new analytics such as premium per employee and limit as percent of market cap, to facilitate granular, actionable comparisons of an insured’s programs against its peers.

Brokers will use Advisen 6.0 to provide more comprehensive and competitive programs to their clients and to drive more efficiency through their insurance services. In addition, they can grow and manage their “book of business” through a suite of capabilities that enables them to better target, acquire and service clients.

Underwriters will use Advisen 6.0 to provide deep risk assessment to analyze submissions, build client workups and deliver faster, more accurate quotes. In addition, Advisen enables them to model insurance programs for competitiveness and risk valuation and to access a single view of information across an insurer’s entire business including underwriting analysis, claims handling, research and product/program development. Finally, underwriters will use the template module to reduce the time related to the annual underwriting process and increase consistency and audit compliance.

New and enhanced tool sets in Advisen 6.0 include the following:

• Who Writes What Where: With transparency into the risks underwriters and wholesalers have written by line of business, geography or type of company, insureds and brokers solicit quotes from the most relevant participants, increasing competition and improving transaction efficiency.
• New Demographic and Exposure Benchmarking Analytics: In conjunction with Advisen’s one million insurance programs database, risk professionals more effectively measure themselves against their peers with benchmarks against new exposure values, including employees, market cap, profits, assets, retirement plan participants.
• ATACm 3.0: With granular sector and market-cap driven peer group analyses, ATACm 3.0 delivers more predictive results to assess the risk of a securities class action lawsuit. With equal access to ATACm 3.0, insurance buyers gain a view into how underwriters assess risk and can anticipate and prepare answers to underwriters’ questions.
• Enhanced New Underwriter Template Module: Underwriters utilize Advisen’s highly configurable templates to reduce the data collection and entry process by 75 percent. Advisen configures templates by client to enable a consistent, efficient, proprietary, risk evaluation workflow, supported with Advisen’s normalized, pre-populated content. The flexible system allows for personalized ratios, tables, financial views, trends and analyses. Document management tools allow underwriters to attach supporting files to individual workups.
• Interactive Charting: Insurance professionals create custom views of stock performance for companies, their peers and indices. Advisen further correlates this stock performance with significant news events, litigation events, and significant cases affecting the company and industry at any point in time.

• Exposure Management, Submission & Benchmarking: Insurance buyers and brokers securely upload, store and manage detailed, structured, proprietary exposure data in Advisen 6.0. Risk professionals then use this stored content in underwriting submissions, reports and charts, preparation for actuarial analyses, loss analysis, Benchmarking and Total Cost of Risk analysis.
• EZ Placement: Risk managers, brokers and underwriters quickly and cost effectively transmit previously entered submissions exposure and loss data, as well as coverage specifications in ACORD XML to multiple recipients, eliminating existing inefficient manual communication methods and costly data re-entry.
• Insurance Document Storage: Buyers and brokers create a complete, centralized on-line repository of insurance documents, and gain efficiency with the elimination of redundant, off-line and on-line file storage.

Advisen 6.0 is available now. All current Advisen clients will access version 6.0 automatically, without additional charge. For all sales inquiries, please call 212.897.4800.

About Advisen

Advisen Ltd. equals success for insurance professionals, driving growth and profitability through the broadest platform of analytics and information services. Designed and evolved by risk and insurance experts, and used daily by more than 100,000 professionals, Advisen combines the industry’s deepest data sets with proprietary analytics and applications that drive the risk and insurance lifecycle. Advisen is headquartered in New York with offices in London.  For more information, visit www.advisen.com or call 212.897.4800.

###