The AAIS Pulse newsmagazine recently featured a discussion with experts from Munich Re, Berkley Re Solutions, and AAIS hosted by AAIS Vice President of Products John Kadous on the emerging risks affecting policyholders in the homeowners market. The focus was on the evolving threats around cyber, fire and flood and how they’re being impacted by climate change, technology and more.
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AAIS, Berkley Re & Munich Re Experts Talk Cyber, Fire & Flood Risk
Oct 20, 2021 / by AAIS posted in Machine Learning/AI, Issues & Trends, Data & Technology, AAIS Events, Events, Tech News, Homeowners, New/Emerging Risks, Climate Change, P&C Insurers, Fire, AAIS Insights, AAIS Pulse, AAIS Event Archives, Data/Tech, Berkley Re, Insurance Line of Business, munich re, flood
Maryland Insurance Commissioner Talks Talent, E-Commerce, Insurtech & More
Oct 18, 2021 / by AAIS posted in Machine Learning/AI, Issues & Trends, Data & Technology, AAIS Events, Events, Tech News, Insurtech, Regulatory/Compliance, New/Emerging Risks, Working in Insurance, Legislation & Regulation, AAIS Insights, AAIS Pulse, AAIS Event Archives, Data/Tech, NAIC, talent
The AAIS Pulse newsmagazine recently featured a discussion between Maryland Insurance Commissioner Kathleen Birrane and AAIS VP of Government, Legal and Compliance Robin Westcott. They covered a range of topics, from careers in insurance and climate change to National Association of Insurance Commissioner Working Groups, technology, insurtechs and much more.
Bob Hartwig Sheds Light On COVID-19, Climate Change, Cyber Risk & More
Oct 13, 2021 / by AAIS posted in Community, Issues & Trends, Data & Technology, AAIS Events, Events, AAIS Event Archive, COVID-19, Tech News, Regulatory/Compliance, Cyber, New/Emerging Risks, Climate Change, Working in Insurance, Legislation & Regulation, AAIS Pulse, AAIS Event Archives, Data/Tech, Friends Cove, GLC, Litigation
The AAIS Pulse newsmagazine recently featured Robert Hartwig, Ph.D., CPCU, industry expert and insurance professor at University of South Carolina's Moore School of Business. He spoke with AAIS CEO Ed Kelly on a range of topics facing the industry including COVID-19, climate change, cyber risk, year-end financials, and much more.
openIDL COVID-19 Pilot Huge Success, Delivers First-Ever Insights
Aug 17, 2021 / by AAIS posted in openIDL, Insights, Data & Technology, Data Management/Distributed Ledger, COVID-19, Regulatory/Compliance, Blockchain, Legislation & Regulation, Data/Tech, Regulators, Business Interruption, Linux Foundation, AAIS Views
AAIS conducted a Proof of Concept (POC) using the open Insurance Data Link (openIDL) for regulatory reporting. The results demonstrated that this blockchain/distributed ledger technology can dramatically improve both the output and process of insurance regulatory reporting for insurers and regulators.
AM Best Webinar: Closing the Flood Insurance Coverage Gap
Jul 29, 2021 / by AAIS posted in Personal Lines, Issues & Trends, Homeowners, Climate Change, P&C Insurers, Industry, Data, Insurance Line of Business, Flood Insurance, AM Best, munich re, flood, AAIS Views
Flood insurance has long been primarily administered by the National Flood Insurance Program (NFIP), which has 5.1 million policies in force. But the landscape for flood insurance – and who needs it – is changing. This was the topic of an AM Best webinar that included Linda Jancik, AAIS Personal Lines Product Manager, Serena Garrahan, Vice President, Inland Flood Product Manager at Munich Re US, and Rob Olson, Senior Research Analyst at International Risk Management Institute (IRMI).
Business Interruption Was Never Intended To Cover Pandemic Losses
Jul 26, 2021 / by AAIS posted in Community, Issues & Trends, COVID-19, Regulatory/Compliance, New/Emerging Risks, P&C Insurers, Legislation & Regulation, AAIS News & Views, AAIS Insights, AAIS Webinar Series, pandemic, Business Interruption, AAIS Views
While the U.S. economy slowly returns to normal following the COVID-19 pandemic, the insurance industry continues to grapple with business interruption claims, court battles and the future of pandemic-related insurance. In Part I of a two-part Advisory Report, Nicole Milos, Assistant Counsel at AAIS, explains why BI policies were never meant to cover losses from pandemics.
Auto Insights: Empty Roads Prove More Deadly & Other Covid-19 Outcomes
Jun 17, 2021 / by AAIS posted in Issues & Trends, COVID-19, Auto, property & casualty, AAIS Views
Since the COVID-19 pandemic struck more than a year ago, travel restrictions and remote work and schooling kept people close to home. With far fewer places to go, there were less people and cars on the roads, which had numerous implications for the insurance industry.
Cyber Insurance: Where are we now?
May 21, 2021 / by AAIS posted in Personal Lines, Issues & Trends, Cyber, New/Emerging Risks, P&C Insurers, Berkley Re, AAIS Views, Cyber Crime
During the height of the COVID pandemic, Berkley Re Solutions’ Jeff Cron joined AAIS for a an AAIS Pulse session looking at ‘Cyber Crime: The Online Home Invasion.’ "We’re all online more, seeing content, and clicking links to different articles, videos, and other forms of media. While the actual risk hasn’t changed, volume has magnified, with more scams and more screen time.”
Cannabis Insurance…The Challenges and Opportunities for Insurers
May 19, 2021 / by AAIS posted in New/Emerging Risks, Cannabis, CannaBOP, Commercial Lines, Industry
The burgeoning cannabis market is creating pressure on the insurance industry to develop products that address risks emerging from increased legalization. AAIS Commercial Lines Product Manager Joe Jonas shared his insights on the market during the 2021 Business Insurance Cannabis Update. Mr. Jonas was joined by Charles Pyfrom, CMO at CannGen Insurance, and host Gerrit Nagarwalla, CPCU from Canopius, for a discussion on ‘Claims, Policy & Underwriting.’
Keeping Pace & Setting the Rate: Looking ahead to the role of the new pricing actuary
Apr 28, 2021 / by AAIS posted in Technology, Insurtech, IoT, Data, AAIS Pulse, Data/Tech, Modeling/Actuarial, Data Management, Lewis & Ellis, AAIS Views, Actuarial, Autonomous Vehicles
The AAIS Pulse newsmagazine recently featured AAIS Chief Pricing Actuary Mike Payne and Somil Jain, VP & Consulting Actuary at Lewis & Ellis Actuaries and Consultants, spotlighting forces reshaping the role of pricing actuaries.