“This new partnership reflects SNL’s continuing goal to provide our insurance clients with not only a complete view of their industry, but also with actionable insight into their own business performance,” noted Greg Gartland of SNL
Charlottesville, VA (PRWEB) January 13, 2014
Announced today, SNL Insurance, a division of SNL, has acquired iPartners LLC, a SaaS pioneer providing business intelligence reporting solutions to Property & Casualty and Life Insurance companies for over 15 years. This partnership now provides SNL Insurance clients with a robust internal reporting tool for the P&C and Life sectors, improving the way these clients collect, analyze and use internal data to grow operations and maximize efficiency.
“This new partnership reflects SNL’s continuing goal to provide our insurance clients with not only a complete view of their industry, but also with actionable insight into their own business performance,” noted Greg Gartland, SNL Financial’s Managing Director of Financial Services. “By joining forces with iPartners, an award-winning provider of on-demand data warehousing and business intelligence services, we will leverage the firm’s expertise servicing the P&C and Life insurance industries with a business model for successfully deploying advanced technologies. In addition, this partnership strengthens and complements our existing business reporting solutions line of business for the banking industry.”
SNL Insurance clients will have the option to add the iPartners reporting solution to their current subscription at a preferred rate. Using the iPartners “Insurance Scorecard,” SNL clients can gain a 360° view of their business and the insight needed to capture, serve and retain clients more effectively, while maximizing returns.
“Insurance executives routinely experience frustration with the difficulty and cost in obtaining complete and accurate analyses of their current business operations, forecasts, pricing and product development,” remarked Robert Lasher, Founder and CEO of iPartners LLC. “The iPartners solution streamlines the production of client specific dashboards, reports and calculations, eliminates inaccuracies, and minimizes the upkeep by the client of infrastructure management and support. The combination of iPartners’ internal reporting tools and SNL’s leading market data will bring a truly unique solution to the insurance industry.”
Sherman & Company, a Charlotte-based investment banking firm, served as an advisor to iPartners through this transaction.
To see a brief online demo or to learn more about adding iPartners business intelligence to an existing SNL Insurance subscription, please contact Sales(at)SNL(dot)com; +1 (866) 296-3743.
About SNL Insurance
SNL Insurance provides statutory data including detailed financial data on each filer, reinsurance, investment and loss reserve schedules, data by state and line of business and hundreds of ratios, snapshots and analytics, available exclusively as part of SNL Unlimited service for Financial Institutions. SNL is the only information provider to offer clients a comprehensive insurance product, linking statutory data with public company data, mergers & acquisitions data, proprietary news, documents and more.
About SNL Financial
SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit http://www.snl.com.
About iPartners LLC
As a leading provider of on-demand P&C insurance business analytics solutions, iPartners enables insurance executives to make higher quality and more timely decisions by delivering accurate, easy-to-use and relevant data through a suite of customized dashboards, scorecards, and a library of P&C specific key performance indicators. Delivered via Software as a Service (SaaS), iPartners currently services over 45 customers and processes over 25 million policies representing over $18 billion in premiums.