Charlottesville, Va. - SNL Financial LC, a Charlottesville, Va.-based business intelligence provider, reached an agreement with the National Association of Insurance Commissioners (NAIC), Kansas City, Mo., 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," says 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 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," says Mike Chinn, SNL president. "And we'll make it available 24/7 to our users in a format that's easy to use and customize."
Source: SNL Financial LC
