We plan on transforming a business intelligence tool primarily used by insurance product managers and actuaries to a resource for anyone who invests in, advises or transacts business with insurers.
Charlottesville, VA (PRWEB) April 16, 2015
Announced today, SNL Insurance, a division of SNL, has acquired RateFilings.com, a division of Perr&Knight, the market leader in providing competitor rate, rule and form filings to Property & Casualty and Life & Health insurance companies for over 20 years. This combination reflects SNL’s continuing goal to provide a more accurate view of industry trends and actionable insight into company and competitor business strategy and performance.
“This new acquisition will allow SNL to combine RateFilings.com’s industry leading content and expertise with SNL’s best-in-class competitive intelligence workflow tools and derivative industry content,” noted Jon Wright, SNL Financial’s Director of Insurance. “We plan on transforming a business intelligence tool primarily used by insurance product managers and actuaries to a resource for anyone who invests in, advises or transacts business with insurers.”
SNL Insurance clients will have the option to add the SNL RateFilings.com database product to their current subscription at a preferred rate. Using RateFilings.com’s “RateWatch” and “Manual Library” applications, SNL clients can gain a 360° view of the industry and their competitors for insights needed to capture, service and retain clients more effectively while maximizing returns.
“We are excited about this new business relationship with SNL, not only as a new client but as an adviser for new product development,” remarked Tim Perr, Cofounder and CEO of Perr&Knight. “The scalable infrastructure of SNL along with the content of RateFilings.com will allow for customers like us to quickly and easily obtain the most comprehensive view of the insurance marketplace.”
To see a brief online demo or to learn more about adding SNL RateFilings.com to an existing SNL Insurance subscription, please contact insuranceinfo(at)SNL(dot)com; (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.
Perr&Knight is a leading provider of insurance support services and a strategic resource that companies utilize to reduce their fixed costs while increasing the efficiency and value of their insurance operations. The company’s insurance support services include Actuarial Consulting, Competitive Intelligence, Data Services, Insurance Technology, Regulatory Compliance and Risk & Financial Services. For more information, visit http://www.perrknight.com.