SNL Insurance Buys IPartners

The acquisition broadens SNL's business intelligence services to include internal data as well.

SNL Insurance, a company providing statutory information on the insurance industry, has acquired iPartners, an insurance technology vendor best known for its business intelligence platform.

“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, in a statement. “By joining forces with iPartners… 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 Insurance Scorecard software to their current subscription at a preferred rate. Terms of the deal were not disclosed.

[Read what iPartners client ProSight says about cloud in insurance]

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio