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Solar Panel Adoption: Impacts on Homeowners Insurance

Jul 25, 2024 / by AAIS posted in Personal Lines, Homeowners, AAIS Insights, solar panels

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As the adoption of solar panels in residential homes soars, insurance professionals face a growing challenge: adapting policies to cover this emerging technology. With nearly 3.2 million homes already equipped with solar panels and forecasts predicting significant growth, understanding the implications for homeowners insurance is crucial.

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AI, Predictive Modeling, and Data Trends in Underwriting

Jul 18, 2024 / by AAIS posted in Issues & Trends, Data & Technology, Data, Modeling/Predictive Analytics, Data/Tech, Underwriting, AI, Artificial Intelligence, Cogitate

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Artificial intelligence (AI) is revolutionizing the underwriting process, offering unprecedented opportunities for efficiency and accuracy in the insurance industry. In this interview with AAIS Partner, Cogitate, we explored how AI is promising a new era in data interpretation and utilization. Jacqueline Schaendorf, CPCU, Co-Founder of Cogitate and President and CEO of Insurance House, discussed the potential of predictive modeling in underwriting and claims processes, significant data challenges faced by carriers, and innovative solutions offered by Cogitate.

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AI Home Inspections: Enhance Loss Prevention and Reinsurance

Jul 10, 2024 / by AAIS posted in Personal Lines, Technology, Data & Technology, Homeowners, Data/Tech, AI, Artificial Intelligence, CHRP Technologies

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The connection between home inspections and securing reinsurance is crucial for insurance carriers. In this interview with AAIS Partner, Chrp Technologies, we delve into the pivotal role of maintaining a high-quality book of business for insurers seeking reinsurance. Micah Kalisch, Founder and CEO of Chrp Technologies, elucidates how adhering to inspection protocols aligned with stringent underwriting standards not only safeguards insurers against potential risks, but also enhances their appeal to reinsurers. He also discusses how Chrp can support underwriters throughout this process.

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Applications of GenAI in Insurance

Jun 19, 2024 / by AAIS posted in Technology, Machine Learning/AI, Data & Technology, Data/Tech, AI, Artificial Intelligence, BluePond.AI, GenAI

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Generative Artificial Intelligence (GenAI) is revolutionizing industries with its ability to understand, synthesize, and create language-based content. In this interview with AAIS Partner, BluePond.AI, we explored how this leap forward is particularly impactful in the insurance sector, where manual processes and complex documentation are prevalent. Hear from Pranav Pasricha, CEO of BluePond.AI, to learn what GenAI is, its transformative applications within the insurance industry, the challenges of adopting this technology, and how carriers can effectively navigate these obstacles to harness GenAI's full potential.

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Accelerate Speed to Market with the AAIS S2M Toolkit

Jun 5, 2024 / by AAIS posted in Insurance Operations, AAIS Webinar Series, Policy Administration, Mind Maps, S2M Toolkit

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The decision has been made. Your company’s leadership has determined now is the time to adopt a new product, to expand your company's offerings, and to do so quickly to take advantage of an opportunity in the market.

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Apoorva Insurance Joins AAIS Partner Program, Providing Opportunities for Streamlined Internal Processes for AAIS Members

Jun 3, 2024 / by AAIS posted in Technology, Press Release, Apoorva Insurance

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Apoorva Insurance to offer AAIS Members affordable products and services to further accelerate their speed to market for all lines of business.

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Methods for MGAs to Cut Construction Insurance Costs

May 28, 2024 / by AAIS posted in Issues & Trends, Data & Technology, Inland Marine, Data, Data/Tech, Builders Risk, catastrophe, OwlSurance, MGA

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In the construction industry, insurance plays a crucial role in protecting assets and personnel. Current construction industry challenges are impacting insurance, driving the need for insurers to innovate to reduce costs, ensure data security, and stay competitive. Watch part two of our two-part interview series with AAIS Partner, ValueMomentum, to hear from Anand Rajaraman, Vice President of Product Management at OwlSurance Technologies.

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Leveraging White Labeling in the Insurance Industry

May 21, 2024 / by AAIS posted in Insights, Issues & Trends, Insurance Operations, Working in Insurance, AAIS Insights, OwlSurance

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White labeling has emerged as a pivotal strategy for insurers to bolster brand presence while catering to the preferences of brokers and clients. In this interview with AAIS Partner, ValueMomentum, you’ll learn what makes white labeling effective, the benefits of utilizing the strategy, and the tools and principles that make it successful in the insurance industry. Part one of our two-part series features Bob Ridinger, Vice President of Sales and Business Development at OwlSurance Technologies, a business unit of ValueMomentum.

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reThought Flood Joins AAIS Partner Program, Delivering Unique, Technology-Based Approach to Underwriting Flood Insurance

May 7, 2024 / by AAIS posted in Flood Insurance, flood, Press Release, reThought Flood

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reThought Flood to offer AAIS Members a different, patent-pending approach to pricing flood risk that deploys multiple models for a more accurate assessment of risk.

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Cogitate Joins AAIS Partner Program, Offering Members Innovative and Transformative Digital Technology Products for the Insurance Industry

Apr 29, 2024 / by AAIS posted in Insurtech, Press Release, Cogitate

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