ALIRT Insurance Research

What ALIRT Insurance Research does

ALIRT Insurance Research is a privately held, institutional-only insurance analytics firm founded in 1994 and headquartered in Connecticut. The company collects quarterly statutory and GAAP financial filings on more than 3,000 U.S. life, health, and P&C insurance entities each quarter, plus 97 Lloyd's syndicates representing the bulk of the Lloyd's market, and applies a proprietary quantitative scoring methodology (the ALIRT Score, on a 0-100 scale) built on 50 key performance indicators and 5-year financial trends. The firm's core differentiator is a bottom-up legal-entity perspective that isolates risk at the policy-issuing insurer rather than at the holding-company or rated-enterprise level.

The product suite includes the core ALIRT Service, the Comparative Performance Measures (CPM) benchmarking service, iALIRT infographic reports, Executive Reports, Offshore Research Reports, the 95-1 Termination Annuity and DC Plan Issuer Analysis, the BOLI Service, and the Lloyd's of London Service. These products are structured around explicit regulatory needs: DOL IB 95-1 fiduciary safe harbor for pension plan termination annuities, Dodd-Frank 939A for bank-owned life insurance carriers, and FDIC, OCC, SEC 204-2(a) 24, and FINRA guidelines for risk managers. Distribution is direct to enterprise clients via a web-based client portal, personalized demos, and a content-led marketing engine that publishes 149+ white papers and 27+ industry reviews.

Commercially, ALIRT operates a subscription, recurring-revenue model with annual billing and quote-based (non-publicly disclosed) pricing for institutional subscribers across seven market segments: insurance distributors, insurers, pension fiduciaries, advisors, asset managers, risk managers, and premium finance companies. The firm reports a 90%+ client retention rate and operates with a 1-10 person headcount. David Paul is identified as Principal. No funding rounds, acquisitions, or institutional investors are disclosed, and ALIRT appears to operate as an independent, founder-led boutique.

Name

ALIRT Insurance Research

Legal name

ALIRT Insurance Research

Website

https://alirtresearch.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

ALIRT Insurance Research provides subscription-based quantitative scoring and due-diligence analytics on U.S. life, health, P&C, and Lloyd's insurers to insurance distributors, insurers, pension fiduciaries, advisors, asset managers, risk managers, and premium finance companies.

Ownership category

akta.pro rank

Product category

Insurance Analytics and Due Diligence Research

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I) (FSAEADAM)

akta.pro secondary industry

Strategy & Thematic Research (FSACAGAG)

Keywords

• Insurance due diligence
• Insurer risk analytics
• Insurance carrier scoring
• Insurer financial benchmarking
• Institutional insurance research

Headquarters

HQ city

Windsor

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. ALIRT Subscription Service: Quarterly customized reports on insurance carrier universe providing ALIRT scoring trends, executive summaries, and ongoing analytical updates. Services include full access to web portal and research staff for additional analytical insight.
2. Comparative Performance Measures (CPM) Service: Comparative benchmarking service for insurance distributors and asset managers to contrast insurer performance against industry composites.
3. Executive Reports: Focused analyses of underperforming companies within client universe of carriers for management review, including special written commentary on current financial performance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

ALIRT Insurance Research delivers subscription-based institutional research and analytics on insurance carriers, centered on its proprietary ALIRT (AnaLysis of Insurer Risk Trends) scoring system. Every quarter the firm models 3,000+ U.S.-domiciled life, health, and P&C insurance legal entities using 50 key performance indicators and 5-year trend analysis drawn from statutory and GAAP filings, producing 0-100 risk scores, comparative benchmarks, and specialized compliance services for pension fiduciaries, BOLI carriers, and Lloyd's syndicates.

Product overview

ALIRT Insurance Research offers a suite of insurance analytics services centered on its proprietary ALIRT (AnaLysis of Insurer Risk Trends) scoring system, which provides quantitative assessments of insurer financial health on a 0-100 scale. The core ALIRT Service analyzes over 3,000 insurance entities quarterly using statutory and GAAP financial data. The portfolio includes specialized modules: the Comparative Performance Measures (CPM) Service for peer benchmarking; the 95-1 Termination Annuity and DC Plan Issuer Analysis for pension fiduciaries; the BOLI Service for bank-owned life insurance oversight; the Lloyd's of London Service for syndicate-level analysis; and iALIRT for infographic-based executive summaries. The platform is accessible via a web portal with supporting Executive Reports and Offshore Research Reports.

Differentiator

Problem solved

Functional benefit

Brands

• ALIRT Service: The AnaLysis of Insurer Risk Trends service providing proprietary quantitative scoring models and quarterly reports on insurers
• CPM Service
• iALIRT
• 95-1 Termination Annuity and DC Plan Issuer Analysis
• BOLI Service
• Lloyd's of London Service
• Executive Reports
• Offshore Research Reports

Products and services

• The AnaLysis of Insurer Risk Trends (ALIRT) Service Primary service providing quantitative scoring models (0-100) that compare and contrast the isolated risks and exposures of individual insurers based on quarterly financial statements filed under statutory and/or GAAP accounting rules. Targets insurance distributors, fiduciaries, life/health/P&C insurers, institutional pension buyers, and analysts.
• Comparative Performance Measures (CPM) Service
• 95-1 Termination Annuity and DC Plan Issuer Analysis Service for Pension Plan Fiduciaries providing thorough financial analysis of insurers bidding to take over retirement plan benefits and annuity options within defined contribution (DC) retirement plans, including DOL 95-1 comparative screens with six quantified factors.
• BOLI Service Service for BOLI Brokers and Banks or Credit Unions that models ongoing financial trends and condition of life insurers underwriting BOLI policies, intended to meet the 939A requirements of the Dodd-Frank Bill.
• Lloyd's of London Service Provides unique analysis of individual Lloyd's Syndicate financials, offering Syndicate Reports that look past the overall Lloyd's market down into the financials of individual Syndicates with 5-year trend pages and 50 key performance indicators.
• iALIRT Infographic portrayal of the ALIRT quantitative scoring methodology with written synopsis of financial results, model trends, warning flags, and comparisons to industry and peers. Available annually and quarterly.
• Executive Reports Customized reports providing focused analyses on client-specific insurance carrier universes with executive summaries detailing current financial performance of underperforming companies.
• Offshore Research Reports Research reports covering offshore insurance markets and entities for clients requiring international insurance exposure analysis.

Quantifiable outcome

• 90%+ client retention rate demonstrating service value and reliability
• +1 more outcomes

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AM Best: The dominant U.S. insurance rating and analytics provider serving carriers, distributors, and institutional buyers — the closest direct competitor to ALIRT's insurer scoring and counterparty due diligence offerings.

Broad incumbents

• S&P Global Market Intelligence: Large incumbent providing insurance ratings, financials, and analytics as part of a broad financial-services data and research suite used by the same institutional buyers ALIRT targets.
• Moody's: Global ratings and analytics firm with a substantial insurance carrier-rating and credit research practice that competes for the same institutional insurance-counterparty due-diligence wallets.
• Fitch Ratings: Major credit-rating agency with insurance carrier ratings and research that overlaps with ALIRT's scoring and counterparty-assessment services for institutional buyers.
• Verisk Analytics: Large data, analytics, and risk-assessment provider serving P&C insurers and risk managers; competes for institutional insurance-analytics spend at a broader portfolio level.

Emerging players

• Demotech: Specialty insurance rating agency focused on regional and niche carriers, offering a partial-overlap counterparty-rating alternative to ALIRT's scoring for institutional buyers.
• KBRA: Growing ratings and analytics firm with an expanding insurance practice, competing for institutional clients seeking alternatives to traditional rating agencies.

Others

• Milliman: Actuarial and consulting firm providing insurance risk modeling and analytical services to insurers and pension fiduciaries — an adjacent advisory peer rather than a head-to-head ratings competitor.
• Wolters Kluwer (Insurance Solutions): Provides regulatory compliance and analytical tooling to insurers and insurance distributors — an adjacent ecosystem player supporting some of the same institutional compliance workflows ALIRT serves.
• Conning: Insurance asset management and research firm with a focus on insurer financial performance and industry analysis — overlapping institutional insurance-research buyer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/alirt-research

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ALIRT Insurance Research