Advisen Ltd., an insurance analytics and market information provider headquartered in New York, appointed Seth Rachlin and John Pagliaccio to lead the newly formed information and analytics business unit.
As president of the information and analytics business 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.
Rachlin has over 20 years experience in building and advising insurance, technology and market analytics companies. Previously, he served as the CEO of Moore Stephens Business Solutions, where he supplied business intelligence services and led the development of the insurance aanalytic framework (IAF), that firm’s flagship analysis product. Rachlin has also held management positions with TechPar Group where he was a strategic advisor to insurance companies and technology vendors in the analytics space and Connect Systems, where he built a large insurance data warehousing business focused on life and annuity insurance products.
Pagliaccio will serve as the executive vice president in the information and analytics business unit, responsible for leading the analytics innovation in Advisen’s new unit.
Pagliaccio brings 40 years of experience in insurance, reinsurance, and enterprise risk management analytics. He 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.
“Predictive modeling has transformed the personal lines insurance market over the last 10 years,” said Tom Ruggieri, CEO of Advisen. “Over the next 10 years, given the convergence of technology and data assets such as Advisen possesses, we expect to see a parallel track in commercial lines.”
Advisen’s newly formed information and analytics business 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.