Advisen Ltd., a provider of analytics, benchmarking and market information to the commercial insurance industry, and Assurex Global, a privately held risk management and commercial insurance brokerage group, have announced a new strategic partnership designed to offer Advisen’s services to Assurex Global Partners around the world.
Under the agreement, Advisen and Assurex Global will co-market the Advisen platform to the 130 independently owned Assurex Global Partner firms. Employing more than 20,000 professionals, Assurex Global Partners generate annual premiums in excess of $19 billion.
“Assurex Global and Advisen are offering Assurex Global Partners a unique toolset that will afford them the information and analysis to successfully compete with the world’s biggest brokers for both middle market and national accounts business,” stated Advisen CEO Thomas Ruggieri. “For Advisen, our partnership with Assurex Global represents a critical event in the growing penetration of Advisen across all areas of our industry.”
Tom Cornish, CEO of Seitlin and Company, an Assurex Global Partner, commented: “Partnering with Advisen gives Assurex Global Partners a distinct advantage. The depth and breadth of the information available within the Advisen platform allows Seitlin and Company’s sales force to prospect for new business more efficiently, making our agency more competitive.”
The announcement described Advisen’s service as “uniquely designed for commercial insurance professionals, providing a single access point for risk, exposure, and real-time market information, with in-depth data on companies and industries. Advisen is a trusted resource for unbiased information, integrating data and analytical tools to help drive better risk decisions, more efficiently manage insurance programs and provide insight into market conditions. Commercial insurance professionals, such as Assurex Global Partners, leverage Advisen to monitor market trends, prospect for new clients and deliver high-value consultative services to existing clients.”
Kelli Black, Assurex Executive VP and COO, noted: “Assurex Global strives to offer our partners tools and services to make them leaders in their geographic regions and specific markets. Bringing solutions like Advisen to them represents the value we provide to our Partners to make them more competitive and therefore more successful.”
“Knowledge and access to information in a timely fashion equates to increased efficiencies,” stated Bill Mason, Executive VP of Operations at Rutherfoord Inc., an Assurex Global Partner. “That’s what the partnership with Advisen will bring Assurex Global Partners. Advisen enables us to positively respond to clients’ desires for benchmarking information, but the main value is having a convenient, single source for vast quantities of data on prospects, clients, coverage and the industry.”
The announcement noted that “Advisen Ltd. provides insight into underwriting, marketing and purchasing commercial insurance. Advisen’s web-based workstation incorporates real-time analytics and research on over 1.5 million companies, and 70 industries. Advisen currently serves nearly 350 leading commercial insurers, insurance brokers, risk management departments of major corporations, and other related organizations.”
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