Advisen and ASHRM to Co-Market Research on Insurance Market Conditions in Healthcare Industry
Posted on: Wednesday, 26 October 2005, 09:00 CDT
Advisen Ltd., the leading provider of analytics, benchmarking and market information to the global commercial insurance industry, announced today it has formed a co-marketing relationship with the American Society for Healthcare Risk Management (ASHRM) to explore commercial insurance trends and market conditions in the healthcare industry.
The two organizations said they are interviewing healthcare risk professionals to determine pricing and other trends, including loss trends, for key commercial insurance lines in the healthcare industry, as well as developing other research tools to offer insight into this vertical market. Advisen currently offers a similar program across the broader commercial insurance market with the Risk and Insurance Management Society, Inc. (RIMS).
"Advisen has provided analysis into the market conditions of all insurance markets for several years through other industry partnerships," said Thomas P. Ruggieri, CEO of Advisen. "Working with ASHRM, we plan to drive deeper into a vertical category and provide similar market data to give healthcare professionals the tools to make better business decisions."
Advisen expects to publish results of the survey by first quarter 2006.
About ASHRM
The American Society for Healthcare Risk Management is a personal membership group of the American Hospital Association with more than 5000 members representing healthcare, insurance, law and other related professions. ASHRM promotes effective and innovative risk management strategies and professional leadership through education, recognition, advocacy, publications, networking and interactions with leading health care organizations and government agencies. ASHRM initiatives focus on developing and implementing safe and effective patient care practices, the preservation of financial resources and the maintenance of safe working environments.
About Advisen
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. Proprietary offerings of the Advisen service include Benchmarking, Custom Templates for Company Work-ups, Company and Industry Research, Loss Analysis, Management Portfolio Analysis and Policy Comparisons. For more, visit www.advisen.com or call 212-897-4800.
Source: Business Wire
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