The Institutes, the leading provider of risk management and insurance education and research, today announced plans to finalize its affiliation with the Insurance Information Institute (Triple-I) on November 16, 2020. Triple-I is a long-standing, trusted source of unique, data-driven research and insights on insurance. Both organizations are not-for-profit entities committed to benefiting society at large.
“Together, the Triple-I and The Institutes will be better equipped and empowered to serve both the information and education needs of those interested in risk management and insurance,” said Peter L. Miller, CPCU, president and chief executive officer of The Institutes. “We see this as a great opportunity to provide a more synergized information platform for insurance knowledge and to bring further efficiencies to our organizations.”
“This affiliation is the culmination of several years of strategic dialogue at the Triple-I and with The Institutes,” said Sean Kevelighan, chief executive officer of the Triple-I. “It will further unify our collective efforts, grant both the Triple-I and The Institutes greater access to a deeper bench of resources and expertise, and improve value for the Triple-I’s member companies across the country.”
For the Triple-I, this affiliation finalizes its pursuit of a modern, transparent, and team-oriented structure that reflects the diversity and breadth of its more than 60 insurance company members—which include regional, super-regional, national, and global carriers. The Triple-I is the largest online source of insurance information dedicated to empowering consumers with objective, fact-based research they can use to make educated decisions, manage risk, and understand the value of insurance.
The Institutes, in turn, will gain additional insights and resources based on data-driven primary research. It will leverage these to support its wide range of offerings in professional education, research, publications, events, and career development.
Triple-I will retain its offices in New York City and Arlington, Virginia, and also maintain staff throughout the country, and its employees will now become employees of The Institutes.
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The Insurance Information Institute and The Institutes Announce Plan to Affiliate
The Two Organizations to Unify Their Voices and Modernize Their Capabilities
The Insurance Information Institute’s (Triple-I) Board of Directors approved plans this month to have the Triple-I enter into an affiliation with The Institutes, and The Institutes’ Board agreed to the affiliation June 24. The terms will be finalized next month.
“With 60 years of quality work serving as the trusted voice of objective insurance information, the Insurance Information Institute’s brand is invaluable to us. Combining their assets with ours will allow both organizations to turn the page on the next chapter of their operations and sets both of us up for continued long-term success,” said Peter Miller, CPCU, president and CEO of The Institutes, a global provider of risk management and insurance education and research. “Together, we will be better empowered to serve those interested in risk management and insurance.”
“This forward-looking decision is the culmination of several years of strategic dialogue both internally at the Triple-I and with The Institutes. Taking this next step will further unify our collective efforts when it is needed most, grant both the Triple-I and The Institutes greater access to a deeper bench of resources and expertise, and improve value for Triple-I’s member companies across the country,” said Sean Kevelighan, CEO, Triple-I, a trusted source of unique, data-driven insights on insurance.
The affiliation, which will bring the Triple-I brand into the Malvern, Pennsylvania-based The Institutes structure, reflects the changing landscape of the broader industry and the economy. Moreover, it will unify two trusted data-driven organizations and continues The Institutes’ strategy in recent years to leverage the synergies of like-minded organizations.
For Triple-I, this evolution is the next step in the organization’s pursuit of a modern, transparent, and team-oriented structure that reflects the diversity and breadth of their membership.
Additional details will be announced publicly as the deal is finalized in July.