Advisen Ltd, has forged a strategic partnership with Web Connectivity Ltd, a leading provider of standards-based XML messaging Gateway solutions for the commercial insurance industry.
Advisen, which provides exposure and market data, analytics, and benchmarking to the global commercial insurance industry, will licence and also distribute the Gateway software including customer support.
Tom Ruggieri, CEO of Advisen said: “Insurance professionals have always been excellent negotiators, but the closing process has historically been hampered by the lack of appropriate technology.
“Advisen's partnership with Web Connectivity will help transform the end to end process including pre-placement, submission, closing and servicing of claims. The combined offering will increase transparency and efficiency and help insurance professionals make better-informed decisions.”
Web Connectivity's Gateway allows commercial insurance organisations to enable a greater efficiency in the end to end insurance process, Advisen said.
The Gateway also enables the implementation of the London market reform agenda and allows organisations to drive down the cost of doing business in the London market.
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