The National Association of Insurance Commissioners (NAIC) held its 2023 Fall Meeting on November 30-December 4 in Orlando, Florida. During the meeting, AAIS spoke with Kurt Cagle, Director of the Rate and Form Division for the Oklahoma Insurance Department, to discuss key initiatives for 2024, ways to help industry stakeholders, and more.
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Recent Posts
Oklahoma Insurance Department Rate & Form Director Reveals Key Initiatives for 2024 and Ways to Help Industry Stakeholders
Dec 21, 2023 / by AAIS posted in Technology, Data & Technology, Regulatory/Compliance, Data/Tech, Compliance, Regulators, Oklahoma
Leveraging Today's Underwriting Technologies to Modernize Homeowners Insurance with Chrp Technologies
Dec 18, 2023 / by AAIS posted in Personal Lines, Technology, Machine Learning/AI, Data & Technology, Insurtech, Homeowners, AAIS Webinar Series, Data/Tech, Underwriting, Artificial Intelligence, CHRP Technologies
As part of the AAIS Webinar Series, AAIS hosted a virtual discussion on December 7, 2023, featuring Chrp Technologies. Moderated by AAIS President & CEO Werner Kruck, the session explored the state of today’s home insurance market as well as the challenges and opportunities that lie ahead. Featured guest speakers Chin Ma, President of Chrp Technologies, and Brandi Wyrick, AVP of Experience at Orion180, reviewed how new and emerging technologies like Chrp can improve underwriting results and operational efficiencies. They also touched upon the role of artificial intelligence (AI) across the insurance space and how companies can leverage new capabilities to improve the customer experience.
Maryland Insurance Commissioner Gives Updates on NAIC H Committee Regarding Technology, Cybersecurity, and Privacy Protection
Dec 13, 2023 / by AAIS posted in Technology, Data & Technology, Regulatory/Compliance, Cyber, Legislation & Regulation, Data/Tech, NAIC, Regulators, Maryland
The National Association of Insurance Commissioners (NAIC) held its 2023 Fall Meeting on November 30-December 4 in Orlando, Florida. During the meeting, AAIS spoke with Kathleen Birrane, Insurance Commissioner for the Maryland Insurance Administration, to discuss the mission of the NAIC H Committee, updates from the H Committee working groups, and key initiatives for Maryland.
Vermont Commissioner of Insurance Shares Updates on “Big Data” from the NAIC H Committee, Climate Change Initiatives, and More
Dec 11, 2023 / by AAIS posted in Data & Technology, Regulatory/Compliance, Climate Change, Data, Legislation & Regulation, Data/Tech, NAIC, Regulation, Regulators, Artificial Intelligence, Flood Insurance, Vermont
The National Association of Insurance Commissioners (NAIC) held its 2023 Fall Meeting on November 30-December 4 in Orlando, Florida. During the meeting, AAIS spoke with Kevin Gaffney, Commissioner of Insurance for the Vermont Department of Financial Regulation, to discuss the biggest challenges facing the industry, how the regulatory community is responding to them, updates on “big data” from the NAIC H Committee, and new initiatives for the state of Vermont.
Drive Ahead: Overcoming Today's Auto Insurance Challenges
Nov 28, 2023 / by AAIS posted in Technology, Commercial Auto, Personal Auto, AAIS Webinar Series, auto insurance, Insurance Market, AAIS Auto Program
Today's auto insurers are navigating unprecedented challenges. As part of the AAIS Webinar Series, AAIS hosted a virtual presentation on November 16, 2023, moderated by Vice President of Products, John Kadous, and featured Product Manager of Commercial and Personal Auto, Auto Naik. The two discussed current market conditions like premium pricing, compliance, regulation, and technology, and how these challenges are pushing carriers to their limits. They also explored the growing need for adaptable solutions and tools that will empower insurers to confidently navigate the industry's shifting terrain, including a demonstration of an AAIS solution called Mindmaps which is equipping carriers to drive ahead in these uncertain times.
AAIS Vice President of Products Reveals Organizational Opportunities in the MGA Segment & Member Support Initiatives
Oct 17, 2023 / by AAIS posted in Technology, Insurtech, membership, Data/Tech, Advisory Report, MGA
For this Advisory Report, AAIS spoke with its Vice President of Products, John Kadous. He discussed current issues for insurance carriers, opportunities in the MGA segment, how AAIS is supporting its Members, and more.
AAIS President & CEO’s View on Addressing Market Challenges with Data & His Vision for AAIS and Its Members
Oct 10, 2023 / by AAIS posted in Data & Technology, Data, AAIS Insights, membership, Data/Tech, Insurance Market, Advisory Report
For this Advisory Report, AAIS spoke with its President and CEO, Werner Kruck. He discussed the biggest market challenges and how to address them with data, a better approach to the “data problem,” how AAIS is supporting its Members, and his outlook on AAIS moving forward.
e2Value Executive Vice President Discusses Trends Affecting Mutuals and Economic Impact on the Market
Oct 3, 2023 / by AAIS posted in Mutual Insurance, NAMIC, Economy, Insurance Market, E2Value
The National Association of Mutual Insurers (NAMIC) held its 2023 Annual Convention on September 17-20 in National Harbor, Maryland. During the convention, AAIS sat down with Debbie Wagner, Executive Vice President of e2Value, to discuss the major trends affecting mutual insurers, how the economy is impacting the market, and what e2Value is doing to help carriers.
Jarus Technologies Vice President Analyzes Top Issues for Insurance Carriers and How They Are Addressing Market Challenges
Sep 29, 2023 / by AAIS posted in Personal Lines, Technology, Data/Tech, Underwriting, NAMIC, Insurance Market, Jarus Technologies
The National Association of Mutual Insurers (NAMIC) held its 2023 Annual Convention on September 17-20 in National Harbor, Maryland. During the convention, AAIS sat down with Bala Kumar, Co-Founder and Vice President of Jarus Technologies, to discuss top issues insurance carriers are facing, how to address them, how Jarus Technologies is helping carriers and its upcoming initiatives.
Experts From AM Best Break Down CAT Losses & Reinsurance, Mutual Market Size, and Rating Implications
Sep 27, 2023 / by AAIS posted in reinsurance, Mutual Insurance, NAMIC, AM Best, Insurance Market
The National Association of Mutual Insurers (NAMIC) held its 2023 Annual Convention on September 17-20 in National Harbor, Maryland. During the convention, AAIS sat down with Brian O’Larte, Director of Ratings Analytics at AM Best, and Lauren Magro, Financial Analyst at AM Best, to discuss CAT losses and reinsurance, the importance of company size in the mutual market, strategies to address the market, rating implications for mutuals, and more.