NEW YORK (April 16, 2012) – Advisen Ltd., the single source solution for insurance intelligence, today announced the company is dividing its business into three separate units, Research & Editorial, Information & Analytics and Web Connectivity, to reflect increased focus on specific growth areas.
The Research & Editorial unit, which Advisen informally calls its “Enlighten” unit, will focus on communicating, educating and delivering insights and information by topic, line of business, industry segment and marketplace.
The Information & Analytics unit, which Advisen has tagged its “Solve” unit, will center on gathering, distilling, translating, analyzing and delivering critical information to insurance professionals to help them assess and transact in the market.
Web Connectivity, Advisen’s London-based software unit, which Advisen has dubbed its “Streamline” unit, will enable brokers, insurers and reinsurers to communicate risk data securely and support documents throughout the lifecycle of a risk.
Advisen CEO Tom Ruggieri commented:
We are structuring the company for the next era in commercial insurance where the industry will rely on research, analytics and software to ensure professionals are well informed and can accelerate the value they bring to their business clients,” said Tom Ruggieri, CEO of Advisen. “These new units will focus Advisen’s benefits for our customers and assist the insurance industry’s evolution to impacting businesses and economies at greater levels.
Areas of focus for the Research & Editorial unit include Advisen’s industry-leading e-news-service Front Page News, research reports, journals, webinars and community events to bring together buyers, brokers and insurers to collaborate and highlight on key industry perspectives.
Through its aggregated data from 16 million global companies and subsidiaries, Advisen’s analytics tools within the Information & Analytics division will help drive business and industry analysis; pricing and loss analysis; portfolio and risk benchmarking; marketing, product and business development; and risk management strategies.
The Web Connectivity unit will utilize its award-winning ACORD Messaging Gateway system, which facilitates straight through processing of data into insurance firm’s internal systems by supporting the sending and receiving of placing, endorsement, accounting and settlement, claims, and document repository messages.
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About Advisen Ltd.
Advisen generates, integrates, analyses and communicates unbiased, real-time insights for the global community of commercial insurance professionals. As a single source solution, Advisen helps the insurance industry to more productively drive mission critical decisions about pricing, loss experience, underwriting, marketing, transacting or purchasing commercial insurance.
Advisen’s data, analytics and news services are game-changers for more than 125,000 professionals.
