The affiliation will bring the Triple-I brand into the Institutes structure. Both entities' boards of directors agreed to the affiliation and the deal will be finalized later this month.
Peter Miller, CPCU, president and CEO of The Institutes, said:
"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. Together, we will be better empowered to serve those interested in risk management and insurance."
With more than 60 insurance company members - including 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.
Sean Kevelighan, Triple-I CEO, said:
"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."