Data Explorers Inc. has been appointed to provide performance and benchmarking services for Pacific Life Insurance Company’s securities lending program.
“Pacific Life has desired to play a more hands-on roll with our agent lenders,” says Kathleen Clune, AVP and assistant treasurer of Pacific Life. “We believe that Data Explorers’ products will enable us to monitor our agents’ performance to not only ensure that we are getting the best service, but also to satisfy what we see to be a best practice issue of monitoring all of our service providers.”
The Performance Explorer is a web-base service that allows participants to compare individual results against data of peers in its customized industry. Results are viewable on multiple levels: program, portfolio, asset class and security and transaction.
The explorer application collects total data on more than 1.8 million daily securities lending transactions, and for more than 20,000 portfolios.
“We are delighted to welcome Pacific Life as our latest Performance Explorer client in the US, and they are pioneering our reach into the Insurance market; an area where we are experiencing growing interest given their securities lending activity,” says Tim Smith, president of Data Explorers Inc.