NAIC teams with SNL to publish insurance data

SNL Financial, a provider of business information to financial institutions has reached an agreement with the National Association of Insurance Commissioners (NAIC) to acquire and publish statutory insurance data.
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, an SNL release says.
Statutory insurance information is vitally important to the comprehensive financial analysis of insurance companies, James Record, SNL director of product research and development, said in a statement.
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, he added.
In Canada the Canadian Council of Insurance Regulators (CCIR) has issued principles related to disclosure as a response to various regulatory actions in the United States concerning broker commissions. As a result of a review, the CCIR adopted three principles with the intent to promote broker disclosure. They include: