Colby Howard

Published on May 10, 2024


Featured Article

Data for Banking & Insurance Investors: Top Alternative Data Providers

In the fast-paced world of banking and insurance, investors are increasingly turning to alternative data to gain a competitive edge and make more informed investment decisions. From consumer transaction data and geospatial analysis to social media sentiment and regulatory filings, the landscape of alternative data for banking and insurance investors is vast and complex. As the demand for these unique insights grows, a number of innovative companies have emerged as leaders in providing comprehensive and actionable data solutions tailored to the needs of investors in these sectors. In this blog post, we will take a deep dive into the top companies shaping the future of alternative data for banking and insurance investors, exploring their unique offerings, methodologies, and the ways in which they are helping investors navigate the challenges and opportunities of these dynamic industries.

Curinos

Company Summary

Curinos is a trusted financial industry partner that empowers businesses to attract, retain, and grow more profitable customer relationships by providing data-driven insights, advanced analytics, and tailored strategic advice. With over two decades of experience, Curinos offers a comprehensive technology and analytics ecosystem that optimizes go-to-market decisions across consumer and commercial deposits, omnichannel digital experience, and real estate lending markets. The company’s services, which include cross-asset benchmarking, AI-driven modeling, behavioral intelligence, and predictive analytics, enable clients to quantify their market position, understand performance drivers, and capture sustainable improvements. By integrating sophisticated, science-based platforms into clients’ daily workflows, Curinos drives sustained performance enhancement and overall profitability, making them the partner of choice for 11 of the top 20 U.S. consumer banks.

Key Features For Investors

Curinos provides a comprehensive suite of data-driven insights and analytics tailored to the needs of hedge funds and asset managers investing in the banking and insurance sectors. By leveraging alternative data sources and advanced modeling techniques, Curinos offers unique perspectives on market trends, competitive dynamics, and consumer behavior that go beyond traditional financial metrics.

Key features of Curinos’ offerings that investors find valuable include:

  • Granular, real-time data on consumer banking trends, such as deposit flows, loan originations, and credit card spending patterns, enabling investors to identify shifts in market share and assess the financial health of banks
  • Detailed benchmarking analysis comparing the performance of individual banks and insurance companies against their peers, helping investors evaluate the relative strength and growth potential of their holdings
  • Predictive analytics and scenario modeling to forecast the impact of macroeconomic factors, regulatory changes, and competitive actions on the profitability and risk profiles of banks and insurers
  • Customized research and advisory services that provide investors with actionable insights on specific sub-sectors, geographies, or product lines, allowing them to make more informed investment decisions and optimize their portfolios

Improving Investment Decisions

Curinos empowers hedge funds and asset managers to make better investment decisions by providing comprehensive, data-driven insights into the financial industry. By leveraging alternative data sources, advanced analytics, and tailored strategic advice, Curinos offers a unique perspective on market trends, competitive dynamics, and consumer behavior.

Curinos’ offerings enable investors to:

  • Gain granular, real-time insights into consumer banking trends, such as deposit flows and loan originations, to identify shifts in market share and assess the financial health of banks
  • Benchmark the performance of individual banks and insurance companies against their peers, helping investors evaluate the relative strength and growth potential of their holdings
  • Utilize predictive analytics and scenario modeling to forecast the impact of macroeconomic factors, regulatory changes, and competitive actions on the profitability and risk profiles of banks and insurers
  • Access customized research and advisory services that provide actionable insights on specific sub-sectors, geographies, or product lines, allowing investors to make more informed decisions and optimize their portfolios

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AM Best

Company Summary

AM Best is a globally recognized credit rating agency with over a century of experience specializing in the insurance industry. Operating in more than 100 countries, the company provides independent, objective, and forward-looking opinions on the relative creditworthiness of insurers, issuers, and financial obligations. AM Best’s ratings, which cover life/health and property/casualty insurance companies worldwide, are based on comprehensive analyses of balance sheet strength, operating performance, and business profile. Insurers, reinsurers, insurance producers, investors, and regulatory bodies widely use these ratings to assess the financial stability of companies within the insurance industry. In addition to credit ratings, AM Best offers market segment outlooks, special reports, and a guide to its credit rating methodology, providing stakeholders with valuable insights into the insurance market and helping them make informed decisions.

Key Features For Investors

AM Best provides a range of data and analytics that offer valuable insights for hedge funds and asset managers focused on the insurance industry. By leveraging AM Best’s industry-specific expertise and comprehensive data sets, investors can gain a deeper understanding of the financial health, risk profile, and competitive landscape of insurance companies.

Key features of AM Best’s data that investors find useful include:

  • Credit ratings and assessments reflecting the financial strength and creditworthiness of insurance companies
  • Detailed analytical reports on insurers’ business profiles, operating performance, and risk management practices
  • Sector-specific analysis and forward-looking insights on trends and market shifts in various insurance segments
  • Financial data and benchmarking tools to compare insurance companies against their peers
  • Thought leadership and market intelligence on regulatory changes, economic impacts, and emerging issues in the insurance industry

Improving Investment Decisions

AM Best’s credit ratings, analytical reports, and industry insights provide hedge funds and asset managers with valuable information to enhance their investment strategies in the insurance sector. By leveraging AM Best’s data and expertise, investors can gain a deeper understanding of the financial health, risk profile, and competitive landscape of insurance companies, enabling them to make more informed decisions.

AM Best’s alternative data empowers investors to:

  • Assess the creditworthiness and financial stability of insurance companies using AM Best’s credit ratings and detailed analytical reports
  • Identify sector-specific risks, opportunities, and trends through AM Best’s forward-looking analysis and market intelligence
  • Compare insurance companies against their peers using financial data and benchmarking tools to evaluate performance and market positioning
  • Incorporate AM Best’s data into quantitative models and investment research processes to enhance risk management and decision-making
  • Stay informed about regulatory changes, economic impacts, and emerging issues in the insurance industry through AM Best’s thought leadership and expert insights

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CompleteBankData

Company Summary

CompleteBankData is a comprehensive platform that empowers small banks and lending institutions by providing big data analytics and market intelligence to help them discover local loan opportunities and build profitable client relationships. The platform leverages unique algorithms to uncover potential borrowers, delivers pre-screened credit opportunities to lenders, and integrates with major CRM systems to streamline the lending process. With features such as real-time competitive intelligence, robust user permissions, and tools to reduce risk and increase profitability, CompleteBankData enables banks to grow their loan portfolio efficiently without increasing headcount, ultimately providing them with a competitive edge in the market.

Key Features For Investors

CompleteBankData offers a comprehensive platform that provides hedge funds and asset managers with unique insights into the banking sector. By leveraging alternative data and advanced analytics, investors can gain a competitive edge in identifying investment opportunities, managing risk, and making informed decisions.

CompleteBankData’s key features for investors in the banking and insurance sectors include:

  • Detailed financial data on over 15,000 banks, including balance sheets, income statements, and regulatory filings, enabling in-depth analysis and comparison of individual banks’ performance
  • Customizable data feeds that seamlessly integrate into existing systems and workflows, ensuring efficient incorporation of alternative data into decision-making processes
  • Granular insights into loan portfolios, asset quality, and regulatory capital ratios, facilitating accurate assessment of risk profiles and growth potential
  • Historical data spanning over 20 years, allowing for thorough backtesting and analysis of long-term trends in the banking industry
  • Expert analysis and commentary on key developments, regulatory changes, and emerging trends impacting the banking sector

Improving Investment Decisions

CompleteBankData empowers hedge funds and asset managers to make better-informed investment decisions by providing comprehensive and granular data on the banking sector. By leveraging the platform’s extensive dataset, advanced analytics, and expert insights, investors can gain a deeper understanding of individual banks’ financial health, risk profiles, and growth potential, enabling them to identify attractive investment opportunities and manage portfolio risks effectively.

CompleteBankData offers a range of features that enhance investment decision-making processes for hedge funds and asset managers:

  • Access to detailed financial data on over 15,000 banks, facilitating in-depth analysis and comparison of bank performance
  • Customizable data feeds that seamlessly integrate into existing workflows, ensuring efficient incorporation of alternative data
  • Granular insights into loan portfolios, asset quality, and regulatory capital ratios, enabling accurate assessment of risk and growth potential
  • Historical data spanning over 20 years, allowing for thorough backtesting and analysis of long-term industry trends
  • Expert analysis and commentary on key developments, regulatory changes, and emerging trends impacting the banking sector

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Fedfis

Company Summary

FedFis is a data and analytics company that provides comprehensive insights into the U.S. banking and FinTech industry. By blending regulatory data, proprietary FinTegration Ecosystem data, and FinTech Analytics, FedFis offers a unique perspective on the collective technology decisions made by financial institutions, FinTechs, and sponsor banks. With a 98% capture rate, 98% accuracy, and 98% renewal rate, FedFis delivers reliable and actionable intelligence to its clients, enabling them to make informed decisions and gain market share. The company’s platform includes data on core processors, online and mobile banking solutions, bill pay, account opening, loan origination systems, and debit/credit processors, as well as key contacts and sponsor banking relationships for U.S. FinTechs. By providing a comprehensive view of the industry’s technology landscape, FedFis helps its clients navigate the complex and ever-evolving world of banking and FinTech.

Key Features For Investors

FedFis provides a wealth of data and analytics that offer valuable insights for investors in the banking and insurance sectors. The company’s comprehensive database covers every bank and credit union in the U.S., as well as the FinTech ecosystem, enabling hedge funds and asset managers to assess the technology strategies, market positioning, and competitive landscape of financial institutions.

Key features of FedFis’s data that investors find useful include:

  • Detailed profiles of banks, credit unions, and FinTechs, including their technology stack, vendor relationships, and key contacts
  • Real-time monitoring of technology decisions, such as core processor changes, digital banking solutions, and FinTech partnerships
  • Market share and wallet share analysis for various banking technology categories
  • Competitive intelligence on technology adoption trends, vendor performance, and market dynamics
  • Predictive analytics to identify potential technology investment opportunities or risks
  • Customizable data feeds and APIs for seamless integration with investors’ own systems and models

Improving Investment Decisions

FedFis empowers hedge funds and asset managers to make more informed investment decisions by providing comprehensive data and analytics on the U.S. banking and FinTech industry. The company’s unique blend of regulatory data, proprietary FinTegration Ecosystem data, and FinTech Analytics offers investors a holistic view of the technology strategies, market positioning, and competitive landscape of financial institutions.

By leveraging FedFis’s data and insights, investors can:

  • Conduct thorough due diligence on banks, credit unions, and FinTechs by accessing detailed profiles of their technology stack, vendor relationships, and key contacts
  • Monitor real-time technology decisions, such as core processor changes, digital banking solutions, and FinTech partnerships, to identify potential investment opportunities or risks
  • Analyze market share and wallet share data for various banking technology categories to assess the competitive positioning of companies within the industry
  • Gain insights into technology adoption trends, vendor performance, and market dynamics to inform investment strategies and portfolio allocation decisions
  • Utilize predictive analytics to anticipate potential technology investment opportunities or risks and adjust portfolios accordingly
  • Seamlessly integrate FedFis’s data feeds and APIs into their own systems and models to enhance investment research and decision-making processes

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Hoeg & Company

Company Summary

Hoeg & Company, Ltd. is a data analytics and consulting firm based in Lahaska, Pennsylvania that specializes in transforming complex data into actionable insights for its clients. By leveraging advanced data analysis techniques, the company provides businesses with data-driven solutions that enable them to make informed decisions and improve their performance. Hoeg & Company’s services have proven valuable to clients like MCX Group, LLC, whose CEO, Bernard Kuhn, praised the firm’s ability to accurately identify areas for improvement within his client’s company without direct access to internal data. While the specific services offered are not detailed on their website, Hoeg & Company’s expertise in turning data into decision-making tools positions them as a valuable partner for organizations seeking to optimize their operations and drive growth.

Key Features For Investors

Hoeg & Company specializes in providing alternative data solutions that enable hedge funds and asset managers to enhance their investment strategies and decision-making processes. By leveraging advanced data collection, processing, and analysis techniques, the company offers unique insights into various industries and markets.

Key features of Hoeg & Company’s alternative data offerings for investors include:

  • Web data extraction: Hoeg & Company collects valuable data from websites, such as product pricing, inventory levels, and customer reviews, which can provide real-time insights into company performance, consumer sentiment, and market trends.
  • Data enrichment: The company enriches existing datasets with additional information, including geolocation data, demographic data, and financial data, enabling investors to gain a more comprehensive understanding of the companies and markets they are analyzing.
  • Custom data solutions: Hoeg & Company collaborates with clients to develop tailored data solutions that align with their specific needs and investment strategies, ensuring that investors receive the most relevant and actionable data for their decision-making processes.
  • Data quality and reliability: With a strong focus on data integrity, Hoeg & Company employs robust data validation and cleansing processes to ensure the accuracy and reliability of the insights derived from their alternative data.

Improving Investment Decisions

Hoeg & Company’s alternative data solutions empower hedge funds and asset managers to make more informed and timely investment decisions. By providing unique insights derived from web data extraction, data enrichment, and custom data solutions, the company enables investors to gain a deeper understanding of the companies and markets they are analyzing, identify potential opportunities and risks, and ultimately generate better returns.

Hoeg & Company’s alternative data offerings help investors improve their decision-making processes in several key ways:

  • Providing real-time insights into company performance, consumer sentiment, and market trends through web data extraction
  • Enriching existing datasets with additional information, such as geolocation data, demographic data, and financial data, to create a more comprehensive understanding of the investment landscape
  • Developing custom data solutions tailored to clients’ specific needs and investment strategies, ensuring the most relevant and actionable insights are delivered
  • Employing robust data validation and cleansing processes to ensure the accuracy and reliability of the data, enabling investors to make decisions with confidence

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Athenium Analytics

Company Summary

Athenium Analytics is a leading insurtech company that provides innovative software solutions to help insurance carriers make faster, more informed decisions across the insurance workflow. The company’s products leverage predictive analytics, AI-enabled imagery analysis, and proprietary risk scores to identify new opportunities for growth, improve efficiency, and drive continuous improvement. Athenium Analytics’ quality assurance tools, GaugeQuality and teamthinkĀ®, are trusted by over 60,000 users worldwide, empowering collaboration and performance enhancement. The company’s risk analytics solutions, such as IRIS, utilize computer vision and geospatial imagery to help insurers manage portfolio exposure and mitigate risk. With a client base that includes global, national, and regional insurance carriers, as well as Fortune 100 companies, Athenium Analytics is committed to delivering actionable insights that enable better decision-making and drive success in the face of global climate change.

Key Features For Investors

Athenium Analytics offers a suite of powerful tools and analytics that provide hedge funds and asset managers with valuable insights to support investment decisions in the banking and insurance sectors. By leveraging advanced data science techniques and proprietary data sets, Athenium Analytics enables investors to gain a deeper understanding of risk exposures, market trends, and company performance.

Key features that investors find particularly useful include:

  • Predictive analytics for assessing portfolio risk and identifying growth opportunities
  • AI-powered analysis of geospatial imagery to monitor physical assets and infrastructure
  • Real-time tracking of weather events and natural disasters to manage exposure
  • Collaborative tools for enhancing team performance and decision-making processes
  • Customizable dashboards and reporting to support sector-specific investment strategies

Through these innovative solutions, Athenium Analytics empowers hedge funds and asset managers to make more informed decisions, optimize risk-adjusted returns, and gain a competitive edge in the dynamic banking and insurance investment landscape.

Improving Investment Decisions

Athenium Analytics empowers hedge funds and asset managers to make more informed investment decisions by providing a suite of advanced analytics tools and proprietary data sets. The company’s solutions leverage predictive modeling, AI-powered image analysis, and real-time monitoring to deliver actionable insights that help investors optimize their strategies and manage risk more effectively.

Athenium Analytics’ offerings enable investors to:

  • Assess portfolio risk exposure and identify growth opportunities using predictive analytics and customizable risk scores
  • Monitor physical assets and infrastructure using AI-driven analysis of geospatial imagery and satellite data
  • Track weather events and natural disasters in real-time to manage exposure and mitigate potential losses
  • Enhance team performance and decision-making processes through collaborative tools and workflow optimization
  • Customize dashboards and reporting to support sector-specific investment strategies and data visualization needs

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Verisk

Company Summary

Verisk is a leading data analytics and technology partner for the global insurance industry, providing advanced solutions to help insurers navigate risk, improve efficiency, and drive growth. With 19 petabytes of data, including billions of records spanning commercial and personal lines, properties, claims, and more, Verisk empowers clients to assess and price risks accurately, manage risk transfer effectively, and streamline workflows across the policy lifecycle. The company’s offerings include catastrophe risk modeling covering 100+ countries, tools for optimizing remodeling estimates, and analytics for creating personalized customer experiences and managing emerging risks related to environmental, social, and political changes. Verisk fosters an inclusive culture and has consistently been certified as a great place to work.

Key Features For Investors

Verisk provides a rich set of data and analytics solutions that offer valuable insights for hedge funds and asset managers focused on the insurance industry. By leveraging Verisk’s extensive databases, risk assessment tools, and predictive analytics, investors can enhance their due diligence processes, identify potential investment opportunities, and improve their overall risk management strategies.

Key features of Verisk’s offerings that investors find particularly useful include:

  • Comprehensive industry-specific databases covering property and casualty insurance, life insurance, and reinsurance, which provide detailed information on market trends, risk exposures, and company performance
  • Advanced risk assessment tools that enable investors to evaluate the risk profile of insurance companies and their investment portfolios, considering factors such as natural catastrophe exposure, cyber risk, and regulatory changes
  • Cutting-edge predictive analytics that help investors forecast future trends and risks in the insurance industry, allowing them to anticipate market shifts and adjust their investment strategies accordingly
  • Customizable data solutions tailored to meet the specific needs and objectives of individual hedge funds and asset managers, ensuring that investors receive the most relevant and actionable insights for their unique investment strategies

Improving Investment Decisions

Verisk Analytics provides a wealth of data and analytical tools that help hedge funds and asset managers make more informed investment decisions in the insurance industry. By leveraging Verisk’s extensive databases, risk assessment models, and predictive analytics, investors can gain deeper insights into market trends, company performance, and potential risks and opportunities.

Verisk’s offerings enable investors to:

  • Conduct thorough due diligence on insurance companies and their investment portfolios by accessing detailed industry-specific data on property and casualty insurance, life insurance, and reinsurance
  • Assess the risk profile of insurance companies by analyzing factors such as natural catastrophe exposure, cyber risk, and regulatory changes using Verisk’s advanced risk assessment tools
  • Anticipate future trends and risks in the insurance industry using Verisk’s predictive analytics, allowing investors to adjust their strategies based on potential market shifts
  • Identify potential investment opportunities, such as undervalued companies or emerging market trends, by leveraging Verisk’s comprehensive data and insights
  • Enhance overall risk management by gaining a more complete understanding of the insurance industry’s risk landscape through Verisk’s data analytics solutions

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NAIC

Company Summary

The National Association of Insurance Commissioners (NAIC) is a U.S. standard-setting and regulatory support organization governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories. Established in 1871, the NAIC assists state insurance regulators in protecting the public interest by setting standards, conducting peer reviews, providing regulatory support functions, and coordinating regulatory oversight. The organization serves as a forum for regulators to share expertise, develops model laws and regulations, manages systems for peer review and accreditation, represents the state regulatory perspective to federal and international bodies, analyzes insurer financial data, centralizes licensing processes, maintains a fraud reporting system, and develops consumer education materials. Through these efforts, the NAIC supports a robust, state-based insurance regulatory system that fosters a stable and competitive insurance market.

Key Features For Investors

The National Association of Insurance Commissioners (NAIC) offers a range of data and resources that provide valuable insights for hedge funds and asset managers investing in the insurance sector. While the NAIC’s primary focus is on supporting insurance regulators and maintaining a stable marketplace, the information they collect and analyze can help investors make more informed decisions.

Key features of NAIC’s data and resources that investors find useful include:

  • Detailed financial statements and performance data on insurance companies
  • Regulatory insights and updates on potential changes affecting the industry
  • Industry research reports covering market trends, risks, and opportunities
  • Capital Markets Bureau analysis on the impact of broader financial market developments
  • Valuation of Securities (VOS) team assessments of credit quality for insurance company investments

Improving Investment Decisions

The National Association of Insurance Commissioners (NAIC) provides a wealth of data and resources that can help hedge funds and asset managers make more informed investment decisions in the insurance sector. While the NAIC’s primary focus is on supporting insurance regulators and maintaining a stable marketplace, the information they collect and analyze can offer valuable insights for investors.

The NAIC assists investors in improving their decision-making process through:

  • Detailed financial statements and performance data on insurance companies, allowing investors to assess the financial health and stability of potential investment targets
  • Regulatory insights and updates on potential changes affecting the industry, helping investors understand the compliance landscape and identify risks or opportunities
  • Industry research reports covering market trends, risks, and opportunities, providing investors with a comprehensive view of the insurance sector
  • Capital Markets Bureau analysis on the impact of broader financial market developments, enabling investors to understand the interconnectedness of the insurance industry with other sectors
  • Valuation of Securities (VOS) team assessments of credit quality for insurance company investments, aiding investors in evaluating the credit risk profile of potential investments

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ManagementTrack

ManagementTrack by Paragon Intel is the leading source of analysis on executives. Hedge Funds and Asset Managers rely on ManagementTrack for the management portion of any investment thesis. Predictive ratings, verified data, and proprietary interviews with high level former peers of executives allow professional investors to understand how the people leading a company will impact its performance.

Learn more here: https://paragonintel.com/management-track-platform/

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