SNL Insurance, a division of SNL, has acquired iPartners LLC, which offers analytics and reporting software and services that help insurers collect and analyze internal business data.
Terms were not disclosed.
SNL Insurance clients will be given the option to add the iPartners reporting tool to their current subscription at a preferred rate. SNL provides insurance market and financial data, research and analytics.
“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.”
iPartners says it currently serves 45 property/casualty insurance firms.
Sherman & Co., a Charlotte-based investment banking firm, served as an advisor to iPartners for this transaction.
SNL is based in Charlottesville, Virginia; iPartners is in Atlanta.