Our latest installment of the AAIS Webinar Series featuring AAIS Partner, OneShield, covered how carriers can effectively leverage and transform core system data into actionable insights to strengthen business decisions and policy claims management. Speakers explored the valuable data types within core systems such as policy, claims, and customer interactions, techniques for extracting and processing this data, and real-world examples demonstrating the impact of these insights. They also discussed the shift from static reports to dynamic data visualization and offered tips for identifying key insights critical for various stakeholders, including underwriters and claims managers. John Kadous, Vice President of Products at AAIS, and John Dunn, Vice President of Sales at OneShield led the discussion with Travis Mayfield, Reporting Product Manager at OneShield.
Leveraging Core Systems for Actionable Insights in Policy Claims
Aug 5, 2024 / by AAIS posted in Insights, Data & Technology, Data, AAIS Insights, AAIS Webinar Series, Data/Tech, OneShield
Pinpoint Predictive, Inc. Joins AAIS Partner Program, Empowering AAIS Members with Strategic Risk Selection for Enhanced Profitability
Jul 29, 2024 / by AAIS posted in Technology, Data & Technology, Modeling/Predictive Analytics, Data/Tech, Risk, AI, Artificial Intelligence, Press Release, Pinpoint Predictive
Pinpoint Predictive to offer AAIS Members access to their revolutionary risk selection platform that goes beyond traditional variables.
Solar Panel Adoption: Impacts on Homeowners Insurance
Jul 25, 2024 / by AAIS posted in Personal Lines, Homeowners, AAIS Insights, solar panels
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.
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
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.
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
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.
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
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.
Can AI Home Health Assessments Boost Reinsurance Capacity?
Jun 12, 2024 / by Micah Kalisch posted in Personal Lines, Technology, Data & Technology, Homeowners, Data/Tech, AI, Artificial Intelligence, CHRP Technologies
Due to today’s hard market, reinsurers are much more selective about the risks they underwrite. To secure reinsurance coverage, personal lines property carriers must maintain a healthy book of business and loss ratio.
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
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.
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
Apoorva Insurance to offer AAIS Members affordable products and services to further accelerate their speed to market for all lines of business.
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
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.