Advisen Ltd., a provider of analytics, benchmarking, and market information to the global commercial insurance industry, has unveiled a new version of its platform. The company expects it will facilitate greater transparency of insurance transactions for buyers, brokers, and sellers of policies.

Advisen 4.0 helps insurers make more informed risk decisions, provides efficiency in managing insurance programs, and offers insight into current market conditions, enabling insurance professionals to mitigate risk. This latest version includes new features that extend marketplace visibility beyond pricing conditions and benchmarking and supply risk managers, brokers, and carriers with insight into individual insurance transactions.

"One of Advisen's hallmark traditions is benchmarking–providing transparency into marketplace conditions by bringing access to market data found nowhere else," says Tom Ruggieri, CEO. "Advisen 4.0 extends the tradition of transparency beyond market conditions into individual insurance transactions. Utilizing three core engines–work-up and submission templates, program management, and policy comparisons–professionals achieve this new level of transparency."