NEW YORK, Nov. 13, 2015 /PRNewswire/ -- SNL iPartners, a division of SNL Financial providing on-demand business analytics tools to property and casualty (P&C) insurers, announced today that Swett & Crawford, a leading wholesaler of insurance products, has selected SNL iPartners as its vendor to provide business intelligence (BI) solutions. The decision to enlist SNL iPartners demonstrates Swett & Crawford's ongoing commitment to invest in its agents, carriers and brokers to help them better serve their clients while also creating new and stable revenue opportunities throughout North America.
Brad Feld, Vice President of Business Solutions at Swett & Crawford says, "We selected SNL iPartners to help us meet our growth targets and to better manage our complex relationships with retailers, markets, and Swett underwriting facilities. SNL iPartners gives us a clear, real-time picture of our book of business by product, exposure, class, and relationship so we can properly manage our efforts to meet growth targets. Without the SNL iPartners solution we would be reacting to, and not anticipating, market drivers."
"We are really excited to bring Swett & Crawford into our expanding client family," remarks Tom DiMarco, Director of Software Solutions at SNL iPartners. "A global company like Swett faces extraordinary challenges to ensure that both their strategic and tactical decisions are fact-based. Additionally, the sheer amount of data that they collect on a daily basis presents obstacles in how to balance efficiency for every user and scalability to store billions of records. Our model helps companies like Swett to connect any number of disparate data sources so that they can quickly identify opportunities for both top and bottom line improvements."
According to research and advisory firm Novarica, only 6% of large insurers and 27% of midsize insurers have widely deployed self-service analytics (Novarica, "Benchmarking the New Normal: 50 Key Capabilities for P/C Insurers" – December 2014). SNL iPartners' SaaS-deployed suite eliminates the barriers that insurers face to make more informed data driven decisions. Business users are seeing self-service access to key performance indicators in a matter of weeks, not years.
About Swett & Crawford
For 100 years, wholesale insurance broker, Swett & Crawford, has delivered exceptional expertise and service to the commercial insurance marketplace. The company serves as a critical intermediary between independent insurance agents and more than 200 standard and specialty insurance carriers. Swett & Crawford's knowledge of the marketplace — derived from the market conditions, savvy and technical expertise of nearly 850 top-flight brokers, underwriters and support personnel —provides value to both retail agents and carriers.
About SNL iPartners
SNL iPartners, a division of SNL Financial, provides property and casualty (P&C) insurance data warehouse and business analytics solutions, enabling insurance executives to make higher quality and more timely decisions by delivering easy-to-use and relevant data through a suite of customized dashboards, scorecards, and a library of P&C specific key performance indicators delivered via Software as a Service (SaaS) or on premise. SNL iPartners clients now have the ability to combine their company's internal data with SNL industry benchmarking and peer analytics data to create new business insights and more actionable information. For more information on SNL iPartners, please call toll free: 888.618.8360.
About S&P Capital IQ + SNL Financial
S&P Capital IQ and SNL, a business unit of McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, governments, corporations and universities around the world. The newly combined firm, previously S&P Capital IQ and SNL Financial, integrates breaking news, comprehensive data and analysis into a variety of tools to help track performance, generate alpha, and identify new trading and investment ideas, and perform investment risk analysis. The firm offers the S&P Capital IQ, SNL, Global Credit Portal and Market Scope Advisor desktops as well as enterprise solutions, such as S&P Capital IQ Valuations; and research offerings from Leveraged Commentary & Data, Global Markets Intelligence, SNL Kagan, SNL Energy, SNL Real Estate and SNL Metals & Mining. Together, S&P Capital IQ and SNL sharpen financial intelligence into the wisdom today's investors need. For more information, visit www.spcapitaliq.com or www.snl.com.
SOURCE S&P Capital IQ