Advisen users can now compare policy wordings AND endorsements online and side-by-side
New York, NY (April 21, 2010) Advisen this week released Advisen.com version 8.0 that significantly advances the capability to compare and contrast policy wordings and provisions by overlaying endorsements. With more than 3,500 forms representing a dozen different lines and coverages, Advisen now allows you to line up endorsement language next to the impacted provision. View the results online or download the comparison to Word so that you can add your professional commentary.
Join Advisen at the RIMS conference, booth #1319, for a demonstration and focus group discussion around our new endorsements module – a risk manager-oriented discussion will occur Monday at 11:15am and broker / carrier-focused discussions will occur Tuesday at 10:45am and 2:15pm.
Advisen’s Policy Comparison tools enable Risk Managers, Brokers and Underwriters to quickly discern the differences between two or more (up to 10 at once) forms. Risk Managers use this tool to determine optimum wording for their policies while Brokers reduce the labor involved in matching coverage sections between policies so that they focus on providing commentary. Advisen’s Policy Comparison tools even help Brokers reduce their E&O exposure by showcasing form differences. Underwriters rely on Advisen’s Policy Comparison tools to create new products and determine the competitive aspects of their product relative to other offerings.
Advisen’s ability to collect, analyze, and compare endorsement wordings to policies completes the full view necessary when reviewing forms. Brad Feld, Advisen’s Director of Product Development, explained, “Our role here is to perform the heavy lifting of breaking down forms and matching up provisions, so brokers and insurers can instead spend their time analyzing the differences and developing and recommending solutions to clients. Delivering endorsements will bring greater wording transparency and better coverage terms for the insureds.”
Advisen’s Chief Policy Analyst Nancy Brady continued, “With Advisen v8.0, two things have happened behind the scenes. Our development team has built a fresh logical way to present endorsement wordings, and our policy analysis team has perfected a methodology that enables us to smoothly parse, capture and match endorsement language. We could have rolled this tool out ages ago if insurance companies labeled different provisions and wordings consistently, but as we all know, that’s not the case. Transparency across forms and now endorsements is the big value-add that Advisen delivers.”
Populated with forms representing more than 375 insurance companies, Advisen can load a new wording in ten business days. Ahead of your next big renewal, send forms to be added to [email protected]. For a demonstration of Advisen v8.0 join one of our showcase webinars by contacting [email protected].
Advisen’s data, analytics and news offerings are game-changers for 100,000 commercial P&C professionals. For Underwriters, Reinsurers, Brokers and Risk Managers, the resources of Advisen provide productivity and insight into underwriting, marketing, broking and purchasing commercial insurance. Configurable applications allow Advisen to customize each solution and/or craft special offline delivery, too. Our result is a measurable increase in your book of business and more favorable insurance transactions. Visit us at www.advisen.com or contact [email protected] to learn more.
