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.
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
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
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.
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
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.
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
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.
Acquiring & Onboarding Talent in a Virtual World with WAHVE CMO Rick Morgan
Apr 13, 2023 / by AAIS posted in Working in Insurance, Remote Work, WAHVE
AAIS recently spoke with Rick Morgan, Chief Marketing Officer of WAHVE (Work at Home Vintage Experts), a unique contract staffing talent solution serving the insurance industry, for a discussion about acquiring and onboarding talent in a virtual world. We asked him about the needs of today’s employers vs. employees, remote onboarding formalities, recruiting tips, and more.
NAIC President Director Chlora Lindley-Myers Talks DEI Progress in Insurance, Strategic Priorities, and C.A.L.M. Approach for 2023
Apr 12, 2023 / by AAIS posted in Legislation & Regulation, AAIS Pulse, NAIC, Regulators, DEI
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 Chlora Lindley-Myers, Director of the Missouri Department of Commerce and Insurance and NAIC President. In this interview, Lindley-Myers discussed her approach going into this year’s presidency, initiatives currently underway for 2023, progress in the area of Diversity, Equity, and Inclusion (DEI) in the insurance industry, and more.
AAIS Webinar ft. BriteCore: How Leading Mutual Insurers Leverage Analytics to Improve Performance
Apr 6, 2023 / by AAIS posted in Data, AAIS Webinar Series, BriteCore, Statistical Reporting, Analytics
On Thursday, February 16, 2023, AAIS presented a webinar in partnership with BriteCore, the modern core platform for P&C insurers. Hosted by John Kadous, Vice President of Products at AAIS, and moderated by Amede Hungerford, Chief Marketing Officer at BriteCore, the discussion covered how top-performing companies leverage analytics to improve their business performance. Attendees learned cutting-edge techniques from industry peers on how to 'light up' their data and generate new insights; how reports, analytics, and dashboards each have an essential role to play in daily operations; and best practices from two leading mutual insurers that use BriteCore to guide their business.
Panelists included Alex Gann, Chief Information Officer and Chief Technology Officer of Farmers Fire Insurance, and Scott Page, Vice President of Cameron Mutual.
AAIS Pulse Replay: Exploring Fundamental Shifts in the Reinsurance Market
Apr 5, 2023 / by AAIS posted in AAIS Pulse, reinsurance
Insurance carriers are still dealing with the fallout from the most challenging reinsurance market in a generation, where there was a significant fundamental pivot in pricing and risk appetite, especially for property catastrophe risk. In the AAIS Pulse session, Exploring Fundamental Shifts in the Reinsurance Market, host Ed Kelly led a discussion with Andy Marcell, CEO of Aon Reinsurance Solutions, and Frank Nutter, President of Reinsurance Association of America (RAA), as they shared insights on what caused such dramatic changes across the industry, the government reaction, and how carriers can prepare themselves for success moving forward during this challenging time.
Uninsured Drivers: An Overlooked Problem Costing Carriers and Consumers Alike
Mar 30, 2023 / by Ash Naik
Uninsured drivers cost carriers upwards of $13 billion a year in losses. Add on $84 per car per year and consumer affordability for auto insurance is strained. The difficulty in resolving this issue has been the limitations and costs of technology, but that is no longer the case. Join us in building a community across insurance and mobility to solve this problem.
How to Lead a Remote Workforce: Insights from WSRB CEO Karl Newman
Mar 21, 2023 / by AAIS posted in Working in Insurance, Remote Work, WSRB
AAIS recently spoke with Karl Newman, President & CEO of WSRB and its wholly-owned subsidiary, BuildingMetrix, Inc. We asked him for tips on leading a remote workforce. He also gave insight into maintaining company culture and organizational effectiveness in a virtual environment.