Highline Data is adding more information from health insurer statutory financial statements to the Insurance Analyst PRO database.
Highline Data, Cambridge, Mass., a unit of Summit Business Media L.L.C., Erlanger, Ky., has been publishing comprehensive insurance company and insurance group statutory financial data in the Insurance Analyst PRO resource for years.
Insurance Analyst PRO now includes health quarterly group data for the first and second quarter of 2010, Highline Data says.
Highline Data gets company data from the quarterly reports insurers must file with regulators.
The filing rules do not require holding companies to file group reports.
Highline Data has long been doing the analysis needed to calculate health insurer group data on an annual basis.
Now, the company is also doing the analysis needed to provide group data on a quarterly basis. The health group quarterly data stream will include income statement figures, balance sheet calculations, and information such as medical loss ratios, breakdowns of premium distribution by state, investment yields, and per member/per month ratios.
The Affordable Care Act – the legislative package that includes the Patient Protection and Affordable Care Act (PPACA) — has made the actuaries, competitive intelligence analysts and senior financial professionals who use statutory financial data hungry for quarterly health insurer group data, according to F. Reilly Cobb, vice president of Highline Data.
“They need greater insight into the impact that health care reform is already having on insurers,” Cobb says. “Adding quarterly consolidated data for health groups to Insurance Analyst PRO will enable them to clearly see the financial impact of legislation-driven business decisions at the group level on a quarterly basis.”
Summit Business Media, the parent of Highline Data, is also the parent of National Underwriter Life & Health and the NU Online News Service.
- ALLISON BELL