NEW YORK, NY — (Marketwire) — 09/08/11 — , the insurance industry-s fastest growing provider, today announced its partnership with Advisen to deliver a unique insurance program benchmarking capability to Risk Managers and Buyers of Insurance. With the integration, Origami Risk RMIS clients can now benchmark Limits, Premiums and Retentions relative to company and industry peers.
Origami Risk was founded as an alternative to the older legacy technology used by many suppliers. By partnering with Advisen, and integrating Advisen-s database of 1.6 million insurance programs collected from more than 375,000 entities, Origami Risk has enhanced its clients- ability to determine how their own programs are priced and structured relative to others. Origami Risk-s provides peer group options that mirror Advisen-s deep set of company demographics for real-time communication between the two systems.
“Risk managers have long relied on Advisen as the insurance industry-s largest independent source of program risk and loss benchmark data,” said Advisen CEO Tom Ruggieri. “Some buyers get Advisen benchmarks from their brokers, others access our tools or receive our reports in advance of renewals. The quest for pricing and structure transparency is furthered yet again by offering real-time connections via RMIS.”
, Origami Risk-s Executive Vice President, elaborated, “RMIS systems have historically treated risk transfer as an afterthought. Most RMIS serve as a repository for data related to events that have already happened. For programs, they offer a few screens to store the equivalent of a policy-s declaration page and perhaps a few reports that retroactively look at claims erosion on past policies.”
Continued Shapiro, “Origami Risk delivers workflow and decision support tools for Risk Managers to model policy options, manage counterparty exposure and evaluate retention options using live claim data. With the Advisen Advantage they can now even benchmark the program options they are modeling against Advisen-s unparalleled program database.”
Advisen-s data, analytics and news offerings are game-changers for 100,000 commercial P&C professionals. Advisen integrates business information and market data for the commercial insurance industry and maintains critical risk analytics and time-saving workflow tools for over 530 industry-leading firms. Designed and evolved by risk and insurance experts, Advisen combines the industry-s deepest data sets with proprietary analytics and offers insight into underwriting, marketing, broking and purchasing commercial insurance that is not available on any other system. To learn more about Advisen, visit or contact .
Origami Risk was founded by industry veterans who are committed to bringing new ideas and advanced features to the RMIS market. The company-s innovative software is designed with the latest technology and a focus on performance and ease-of-use. It offers powerful workflow, reporting and analysis tools, and advanced features to help improve productivity and manage the cost of risk. To learn more about Origami Risk, visit or contact .
Shannon Falvey
Director of Marketing
Origami Risk
617-548-9245
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