NEW YORK – April 16, 2012 – Advisen Ltd., the single source solution for insurance intelligence, today announced the hiring of Seth Rachlin and John Pagliaccio to lead Advisen’s newly formed Information & Analytics business unit.
Rachlin has over 20 years experience in building and advising insurance, technology and market analytics companies. As president of the Information & Analytics unit and an executive vice president of Advisen, Rachlin will lead the development of new products and services to address the expanding use of predictive analytics in commercial insurance underwriting and the increasing need for customized solutions to best serve client needs.
Previously, Rachlin served as the CEO of Moore Stephens Business Solutions where he supplied Business Intelligence solutions and led the development of the Insurance Analytic Framework (IAF), that firm’s flagship analysis product. Rachlin has also held management positions with TechPar Group where he acted as a strategic advisor to insurance companies and technology vendors in the analytics space and Connect Systems, Inc. where he built a large insurance data warehousing business focused on life and annuity insurance products.
Pagliaccio brings 40 years of experience in insurance, reinsurance, and enterprise risk management analytics. He will serve as the executive vice president in the Information & Analytics unit, responsible for leading the analytics innovation in Advisen’s new unit. Pagliaccio was previously President of Carvill ReAdvisory, an intermediary specializing in professional liability reinsurance solutions. Prior to that, he was a Managing Director focusing on analysis of all lines of P&C at Gallagher Re, Guy Carpenter and RMS. Pagliaccio is an ACAS, ASA, CERA, MAAA, ARM, and PRM.
Tom Ruggieri, CEO of Adivsen, commented:
Predictive modeling has transformed the personal lines insurance market over the last ten years. Over the next ten years, given the convergence of technology and data assets such as Advisen possesses, we expect to see a parallel track in commercial lines. To demonstrate our commitment to what is clearly the next evolutionary stage in commercial insurance, we attracted two of the market’s premier executives in predictive analytics to lead our team and better serve our customers. We are confident Seth’s and Pags’ experience will advance Advisen’s existing business and will help to continue to build this new business unit for the company.
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About Advisen Ltd.
The Information & Analytics unit will center on gathering, distilling, translating and delivering critical information to insurance professionals. Advisen aggregates data from 16 million global companies and subsidiaries, integrates unique and proprietary policy transactions, policy wordings and loss data sets; and generates scores, benchmarks and comparative analytics. The firm’s analytics tools help set and drive competitive pricing analysis, portfolio and risk benchmarking; marketing, product and business development; and risk management strategies.
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.
