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Using the Insurance database
Who is this article for?
Users who want to learn about the Insurance database.
No special access or permissions are required.
The Audit Analytics Insurance database contains comprehensive data from all National Association of Insurance Commissioners (NAIC) filing insurance companies, enabling you to track auditor relationships, market share, fees, and company information across various business lines and locations.
1. Understanding the insurance database
The Insurance database comprises all NAIC filing insurance companies. Unless a company receives an exemption from filing an audited financial statement, doing so is required.
The database is available online, through WRDS, and as data feeds [Feed53] with the relevant subscription.
Note: Saved Search Alert and Daily Summary Email features are not available for the Insurance database.
2. Using the database for common tasks
The Insurance database supports the following use cases:
- Know who audits insurance companies
- Track auditor market share by insurance group or business line
- Know how much NAIC companies pay in accounting and legal fees
- Identify number of payments for legal expenses as disclosed on annual statements
- Filter insurance company searches by business line, assets, revenue, or location
3. Understanding the collection methodology
The base data is provided annually by the National Association of Insurance Commissioners in the form of data files. Once the files are mapped, auditor and company names are normalised via a data entry queue.
4. Searching the insurance database
The Insurance search page offers the following filters:
| Name | Description | Data Dictionary Field(s) | Sort By? |
| Filter by Auditor | Filter for a specific auditor or group of auditors | Auditor Name | Yes |
Search by:
| Filter results to a specific population | EIN Number Ticker Company CIK NAIC Company Code | Yes |
| Company Type | Filter by company type | Company Type Company Type Code | No |
| Company Sub Type | Filter by company sub type | Company Sub Type Company Sub Type Code | No |
| Company Status | Filter by numeric code associated with company status, as filed with NAIC | Company Status Company Status Desc | No |
| Year | Filter by year of the annual statement from which data was obtained | Year | No |
| Assets | Filter by range of total assets as disclosed in annual statement | Assets Current Year | Yes |
| Revenue | Filter by a range of total revenue as disclosed in annual statement | Revenue Current Year | Yes |
| Business Line | Filter by business line | Business Line Business Line Code | No |
| Company Location | Filter by current business address location(s) | State Region County Name City | Yes |
| Filing Type | Filter by whether the insurance company is filing as independent or combined entity | Filing Type | No |
5. Viewing and exporting results
Results can be viewed at the bottom of the page. The following are accessible through clicking the respective hyperlinks:
- Insurance Data Dictionary download
- CSV file downloads of the results
- Overview of individual companies' profile
- Auditor profiles
All fields available in the CSV are defined in the Data Dictionary.
6. Understanding NAIC
Insurance law and regulation is established individually by each state. To better coordinate insurance regulation amongst states and territories, insurance commissioners are members of the National Association of Insurance Commissioners (NAIC).
NAIC is the US standard-setting and regulatory support organisation created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five US territories.