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Advisory Report: ENIA President & CEO Norm Orlowski Identifies Insurance Market Challenges, Legislation/Regulation Hot Topics & NYIA Annual Conference

May 15, 2023 / by AAIS posted in Industry Associations, Legislation & Regulation, NYIA, New York, Advisory Report

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For this Advisory Report, AAIS spoke with Norm Orlowski, President and CEO ofErie and Niagara Insurance Association (ENIA) and Treasurer of the New York Insurance Association (NYIA), ahead of the NYIA 2023 Annual Conference. He discussed the biggest challenges facing the U.S. market, the legislation and regulation issues ENIA is watching, and what to look forward to at this year’s Annual Conference.

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AAIS Webinar ft. OneShield Discusses Property Preparedness & Bracing for the Future of Commercial Insurance

May 11, 2023 / by AAIS posted in Personal Lines, P&C Insurers, Commercial Lines, AAIS Webinar Series, P&C, property & casualty

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Inflation, fluctuations in building costs, and hardening reinsurance markets demand new approaches to portfolio management for commercial insurers. As part of our AAIS Webinar Series, AAIS hosted a virtual presentation on March 16, 2023, featuring AAIS Partner OneShield, the cloud-based, core systems platform providing business solutions for MGAs and P&C insurers. The session was hosted by Stephanie Vasey, Product Manager of Commercial Lines and Inland Marine at AAIS, and moderated by John Dunn, Vice President of OneShield. Their discussion explained how to reduce risk overall and addressed the inflationary economic conditions with a greater understanding of insuring commercial properties. Industry panelists Jeff Heine, Chief Revenue Officer of Betterview, and Skip Coan, Vice President of e2Value, Inc., showed attendees how aerial imagery, data analytics, and property estimation tools bring a new level of accuracy and transparency to the commercial property policy lifecycle.

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Advisory Report: NYIA President Ellen Melchionni Discusses Unique New York Insurance Market, Member Support & Upcoming Annual Conference

May 8, 2023 / by AAIS posted in Industry Associations, NYIA, New York, Advisory Report

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For this Advisory Report, AAIS spoke with Ellen Melchionni, President of the New York Insurance Association (NYIA) ahead of the NYIA 2023 Annual Conference. She discussed what makes the New York insurance market unique, how NYIA is currently supporting members, and what to look forward to at this year’s Annual Conference.

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Andrew Mais Explains Initiatives Addressing the Coverage Gap for Connecticut DOI

May 1, 2023 / by AAIS posted in Climate Change, AAIS Pulse, Regulators, Connecticut

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In this bonus coverage from the AAIS Pulse session Commissioner’s Corner: Catching Up with National & State Insurance Regulators, host Lori Dreaver Munn, Director of Compliance and Government Relations at AAIS spoke with Andrew Mais, Commissioner of the Connecticut Insurance Department (DOI) and NAIC President-Elect about initiatives for the Connecticut DOI in 2023.

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Virginia Bureau of Insurance's Eric Lowe Talks New Data & Cyber Initiatives

Apr 28, 2023 / by AAIS posted in Data & Technology, Tech News, Cyber, Security, Data/Tech, Regulators, Virginia

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For this Regulatory Brief, AAIS spoke with Eric Lowe, Chief of Data Analytics and Cyber Initiatives at the Virginia Bureau of Insurance to discuss the new data, cyber, technology, and security initiatives taking place in Virginia for 2023.

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AAIS Pulse Replay: Open-Source Solutions for Today’s Insurance Challenges

Apr 26, 2023 / by AAIS posted in openIDL, Technology, Data Management/Distributed Ledger, Open Source, Blockchain, AAIS Pulse, Linux Foundation, Hyperledger

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There have been many obstacles in solving data and technology issues across the insurance ecosystem and other industries have raised their game with an open-source mindset. In the AAIS Pulse session, Open-Source Solutions for Today’s Insurance Challenges, host Joan Zerkovich, Senior Vice President of Operations at AAIS, led a discussion with Daniela Barbosa, General Manager of Blockchain and Identity at The Linux Foundation and Executive Director of the Hyperledger Foundation, and Hart Montgomery, CTO at the Hyperledger Foundation, to explore what insurance challenges could be addressed in an open-source environment. They examined how initiatives like openIDL are different from past efforts in the industry and how carriers and other stakeholders get involved in leveraging these technologies to define the future of information-sharing in insurance.

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ND Commissioner Talks Banking Fallout, openIDL, and Other 2023 Initiatives

Apr 24, 2023 / by AAIS posted in openIDL, Data Management/Distributed Ledger, AAIS Pulse, NAIC, Regulators, North Dakota Insurance

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In the AAIS Pulse session Commissioner’s Corner: Catching Up with National & State Insurance Regulators, host Lori Dreaver Munn, Director of Compliance and Government Relations at AAIS spoke with multiple leading regulators for their insights on trending regulatory topics including Jon Godfread, Insurance Commissioner for the North Dakota Insurance Department and NAIC Vice President. In this interview, Godfread talked about potential repercussions from the Silicon Valley Bank fallout and FDIC bailout, POC testing with openIDL, top initiatives for North Dakota, and more.

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NAIC Secretary-Treasurer Scott White Reviews NAIC’s Focus on Climate Risk and Resiliency, Artificial Intelligence, and Modernization Efforts

Apr 21, 2023 / by AAIS posted in Machine Learning/AI, Blockchain, AAIS Pulse, NAIC, Regulators, Artificial Intelligence, Machine Learning, Virginia

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In the AAIS Pulse session Commissioner’s Corner: Catching Up with National & State Insurance Regulators, host Lori Dreaver Munn, Director of Compliance and Government Relations at AAIS spoke with multiple leading regulators for their insights on trending regulatory topics including Scott White, Commissioner of the Virginia State Corporation’s Bureau of Insurance and NAIC Secretary-Treasurer. In this interview, White talks about his top issues of concern for the NAIC in 2023, artificial intelligence (AI) and blockchain in insurance, key initiatives for the state of Virginia, and more.

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Advisory Report: IMUA President & Deputy Chair Discuss State of Inland Marine Market Ahead of 92nd Annual Meeting

Apr 19, 2023 / by AAIS posted in Inland Marine, Industry Associations, IMUA

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For this Advisory Report, Stephanie Vasey, Product Manager of Commercial Lines & Inland Marine at AAIS sat down with Kevin O’Brien, President and CEO of IMUA, and Tony Falcone, Regional President of Intact Insurance Specialty Solutions and Deputy Chair of IMUA. They discussed the biggest underwriting issues arising due to the economy, the current outlook of the cargo industry’s effect on insurance coverage, what’s new at the IMUA, and more.

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NAIC President-Elect Andrew Mais Discusses Mike Consedine Departure, NAIC Initiatives, and Modern Policy Reviews

Apr 14, 2023 / by AAIS posted in Machine Learning/AI, AAIS Pulse, NAIC, Regulators, Artificial Intelligence, Machine Learning, Connecticut

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In the AAIS Pulse session Commissioner’s Corner: Catching Up with National & State Insurance Regulators, host Lori Dreaver Munn, Director of Compliance and Government Relations at AAIS spoke with multiple leading regulators for their insights on trending regulatory topics including Andrew Mais, Commissioner of the Connecticut Insurance Department and NAIC President-Elect. In this interview, Mais talked about his reaction to Mike Consedine’s departure from the NAIC, major initiatives for the NAIC in 2023, modernizing policy reviews in Connecticut, and more. 

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