SNL Insurance, a division of SNL Financial, said Monday it has acquired iPartners LLC, a provider of business intelligence reporting solutions to property and casualty and life insurance companies.

The Charlottesville, Va.-based SNL Financial said the partnership now provides SNL Insurance clients with an internal reporting tool for the P&C and life sectors, with the aim of improving the way they collect, analyze and use internal data to grow operations and maximize efficiency.

Headquartered in Alpharetta, Ga., iPartners provides data through a suite of customized dashboards, scorecards, and a library of P&C specific key performance indicators, according to SNL Insurance. Delivered via Software as a Service, iPartners currently services more than 45 customers and processes over 25 million policies representing over $18 billion in premiums, the firm said.

SNL Financial said it provides financial information on more than 6,500 public companies and 50,000 private companies in the business sectors including banking, financial services, insurance, real estate, energy, metals & mining, and media & communications.

“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.

Robert Lasher, founder and CEO of iPartners, said the new partnership helps to fill a void.

“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,” Lasher explained.