SNL Insurance has acquired iPartners LLC, a company offering SaaS-based business intelligence reporting applications to P&C and life Insurance companies. The partnership will enable SNL Insurance to offer clients a more robust internal reporting tool and improve the way they collect, analyze and use internal data to grow operations and maximize efficiency, the company said.

“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,” said Greg Gartland, SNL Financial’s managing director of financial services. “By joining forces with iPartners, an award-wining 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 will offer clients the option of adding the iPartners reporting solution to their current subscription at a preferred rate. Using the iPartners’ Insurance Scorecard, customers then have access to a 360-degree view of their business and the insight needed to capture, serve and retain clients more effectively while maximizing returns, SNL said.

“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,” said 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.”

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