We're confident that our statutory insurance offering will meet SNL's market-leading standards for accuracy, relevance, completeness and timeliness
Charlottesville, VA (Vocus) April 18, 2007
SNL Financial, the leading sector-focused provider of essential business intelligence to investment banks, money managers and corporations, has reached an agreement with the National Association of Insurance Commissioners (NAIC) to acquire and publish statutory insurance data through SNL's database products.
Statutory insurance data consists of detailed financial and operating data filed quarterly for more than 5,000 public and private insurance companies, including: line-of-business results, market share and geographic exposure, relevant calculated ratios, investment portfolio statistics, loss triangles, reinsurance relationships and more.
"Statutory insurance information is vitally important to the comprehensive financial analysis of insurance companies," said James Record, SNL director of product research & development. "Thanks to the accord with NAIC, SNL will be able to round out an insurance offering that already includes comprehensive public company data, mergers and acquisitions, earnings estimates, proprietary news and documents."
SNL expects to provide statutory insurance data in early 2008 and will include the data in its industry-leading information service, SNL Unlimited for Financial Institutions.
"We're confident that our statutory insurance offering will meet SNL's market-leading standards for accuracy, relevance, completeness and timeliness," said SNL President Mike Chinn. "And we'll make it available 24/7 to our users in a format that's easy to use and customize."
About SNL Financial
SNL collects, standardizes and disseminates all relevant corporate, financial, market and M&A data -- plus news and analysis - for the Energy, Banking, Financial Services, Insurance, Real Estate and Media & Communications industries. For more information, visit http://www.SNL.com.
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