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AAIS Webinar Talks Democratization of Data with BizDynamics

Jan 21, 2022 / by AAIS posted in Community, Data & Technology, Data Management/Distributed Ledger, AAIS Events, Events, Tech News, AAIS News & Views, AAIS Insights, AAIS Webinar Series, BizDynamics

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On Wednesday, Jan. 19, AAIS hosted a webinar with AAIS VP of Data Solutions Ruturaj Waghmode and BizDynamics SVP of Partnerships Neil Pravin Dias. They took a comprehensive look at what the power of data democratization means for insurance carriers, regulators, agents, and policyholders – and how to make it a reality.

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Busy NAIC Fall Meeting Brings Forth Key Themes for 2022

Dec 22, 2021 / by AAIS posted in Community, Issues & Trends, Data & Technology, Data Management/Distributed Ledger, Insurance News/Current Events, Industry Associations, Regulatory/Compliance, Legislation & Regulation

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The National Association of Insurance Commissioners (NAIC) recently wrapped up its fall meeting in San Diego, Ca., where it celebrated its 150th Anniversary. It was a hybrid event with an estimated 1,200 people attending in person and another 1,800 virtually. AAIS Views caught up with our Manager Government Affairs and Compliance, Lori Dreaver Munn and AAIS VP of Memberships & Solutions Truman Esmond, who both attended in person to hear about some of the key themes and takeaways from the meeting.

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AAIS’s Phil Skaggs Talks 2022 Cannabis Legal Expectations

Dec 15, 2021 / by AAIS posted in Community, Issues & Trends, Regulatory/Compliance, New/Emerging Risks, Cannabis, Commercial Lines, Legislation & Regulation, AAIS News & Views, AAIS Insights, Insurance Line of Business, Cannabis Insurance

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Recently, AAIS Assistant Counsel Phil Skaggs participated in a webinar hosted by LexisNexis as part of their Emerging Issues series entitled “What Cannabis Lawyers Should Know to Prepare for 2022.” To watch a recap of the webinar, click here.

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CT Commissioner / AAIS VP Talk openIDL, Blockchain, & Democratization of Data

Dec 13, 2021 / by AAIS posted in Community, Issues & Trends, Data & Technology, Data Management/Distributed Ledger, Insurance News/Current Events, Tech News, Regulatory/Compliance, Blockchain, Legislation & Regulation, Data/Tech

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Connecticut Insurance Commissioner Andrew Mais and AAIS VP of Government Affairs, Legal and Compliance, Robin Westcott, recently appeared on AM Best TV to discuss our successful openIDL Proof of Concept (POC) surrounding a COVID-19 Data Call, and how this revolutionary blockchain platform is paving the path for better regulatory reporting across the insurance industry. Watch the replay in full here:

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AAIS Viewpoint 2021: What is a Modern Advisory Organization?

Dec 9, 2021 / by AAIS posted in Community, Data & Technology, Insurance News/Current Events, New/Emerging Risks, P&C Insurers, AAIS News & Views, AAIS Insights

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As we count down the final days of 2021, we remain wholly committed to making all our Members successful by sharing the latest news and information impacting your business to deliver a modern advisory experience second to none. That is the theme of the 2021 installment of our eMagazine, AAIS Viewpoint, which is now available.

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Managing Cyber Risk…Securing the Future

Nov 19, 2021 / by AAIS posted in Data & Technology, Tech News, Homeowners, P&C Insurers, AAIS Pulse, Data/Tech, Insurance Line of Business

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Cyber security is a pressing issue. With daily advancements in technology comes the need for a game of rapid catch-up in the security sector. Every day there are new products and solutions to help protect us from this growing threat. The challenge within the insurance industry is how to underwrite this constantly evolving risk.

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Climate Change & Insurance…What’s Being Done About It

Nov 11, 2021 / by AAIS posted in Issues & Trends, Industry Associations, Regulatory/Compliance, Homeowners, New/Emerging Risks, P&C Insurers, Legislation & Regulation, AAIS News & Views, AAIS Insights, AAIS Pulse, Insurance Line of Business

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Research from NASA points to several factors that support climate change from rising sea levels to warming oceans and glacial retreats. The effects of climate change have a significant impact on the insurance industry, which generates considerable premium, expense, and losses based on insured catastrophes. As these events become more unpredictable and severe, the industry must adapt.

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Bridging the Talent Gap in Insurance

Nov 4, 2021 / by AAIS posted in Issues & Trends, Insurance News/Current Events, Insurance Operations, Working in Insurance, AAIS News & Views, AAIS Insights, AAIS Pulse

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In July 2020, consulting firm McKinsey & Company put out a report detailing the talent transformation within the insurance industry. The topline message: Talent strategy is as important as business strategy.

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The Distributed Workforce: Change Has Come

Oct 28, 2021 / by AAIS posted in Issues & Trends, Data & Technology, Insurance Operations, Working in Insurance, P&C Insurers, AAIS News & Views, AAIS Insights

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A distributed workforce, also known as telecommuting or remote work, occurs when a business has employees that work in different locations (e.g., their home, satellite offices, etc.). This is an idea that AAIS has embraced successfully for nine years before the COVID-19 pandemic. The long-held belief that collaboration can only happen in person in a single location is no longer the case.

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Insurance Industry Grapples with Discrimination

Oct 26, 2021 / by AAIS posted in Community, Issues & Trends, Insurance News/Current Events, Industry Associations, Regulatory/Compliance, Insurance Operations, Working in Insurance, P&C Insurers, AAIS Insights

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Diversity, equity, and inclusion (DEI) continues to be a concern in our society and the issues it presents extend beyond the communities where we live to the places and industries where we work. AAIS Government & Industry Engagement Manager Lori Dreaver Munn recently presented at the Association of Insurance Compliance Professionals (AICP) Annual Conference on a more nuanced concern – improving DEI in insurance products.

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