AAIS Pulse

Keeping Pace & Setting the Rate: Looking ahead to the role of the new pricing actuary

Apr 28, 2021 / by AAIS posted in Insurtech, Data, AAIS Pulse, Data/Tech, Modeling/Actuarial, Data Management, Lewis & Ellis

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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.

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Accelerating Growth Strategies: Innovative thinking fuels expansion in markets old and new

Apr 28, 2021 / by AAIS posted in Insurtech, AAIS Pulse, TypTap, MJ Hall, Cannabis Insurance

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On a recent episode of AAIS Pulse, AAIS’s John Kadous hosted Kevin Mitchell, President of TypTap Insurance Company, and Aimee Bernadicou, Lead Broker at MJ Hall & Company, to discuss challenges to growth and the innovative ways companies are capitalizing on new opportunities.

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NAIC Perspectives on Diversity, Equity and Inclusion

Apr 19, 2021 / by AAIS posted in Insurance, Regulatory/Compliance, Working in Insurance, Industry, AAIS Pulse, NAIC, Regulators

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The April 13 episode of AAIS Pulse featured a frank discussion on diversity, equity and inclusion in corporate American, the insurance industry, and society at large, as seen through the lens of leaders in insurance regulation.

AAIS’s El Cid Balitaan was joined by Chlora Lindley-Myers, Director of the Missouri Department of Commerce and VP of the Insurance and National Association Of Insurance Commissioners (NAIC), and Commissioner Andrew Mais of the Connecticut Insurance Department, who is Secretary Treasurer of the NAIC.

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openIDL Elevates to Linux Foundation Project

Apr 19, 2021 / by AAIS posted in openIDL, Technology, Issues & Trends, Data & Technology, Data Management/Distributed Ledger, Open Source, Insurtech, Blockchain, Data, Security, AAIS Pulse, Data/Tech, Insurance Services/TPAs, CyberPolicy, Linux Foundation, Hyperledger

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AAIS CEO Ed Kelly opened the April 13 edition of AAIS Pulse newsmagazine with an exciting announcement: AAIS has launched openIDL as a Linux Foundation project. The Linux Foundation is the preeminent nonprofit consortium supporting one-source technologies that drive innovation and transform industries.

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Capitol Outlook with Faegre Drinker Partner Patrick Hughes

Mar 3, 2021 / by AAIS posted in Insights, Issues & Trends, Insurance News/Current Events, COVID-19, Regulatory/Compliance, Industry, Legislation & Regulation, AAIS Pulse, Compliance, Government, Faegre Drinker

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During the February 2021 AAIS Pulse newsmagazine, AAIS VP and General Counsel Robin Westcott was joined by Faegre Drinker Partner Patrick Hughes to examine the impact of the Biden Administration and recent legislative actions on the insurance industry.

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Leveraging Open Source Technology: Obstacles and Opportunities

Mar 3, 2021 / by AAIS posted in openIDL, Community, Technology, Issues & Trends, Data & Technology, Data Management/Distributed Ledger, Open Source, Tech News, Insurtech, Regulatory/Compliance, Blockchain, Data, Innovation, AAIS Pulse, Data/Tech, Compliance, Travelers, Data Call, Linux Foundation, Hyperledger

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During the February 2021 AAIS Pulse newsmagazine, AAIS VP Truman Esmond was joined by Brian Behlendorf, Executive Director of Hyperledger, Brian Hoffman, Vice President State and Bureau Regulatory Affairs, at Travelers, and Arron Lamp, Vice President Enterprise Business Intelligence & Analytics & Operations, at Travelers, to discuss the obstacles and opportunities around leveraging open-source technology.

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CEO Angles: Big “I” CEO Explains Concerns About the New Direction in Washington

Mar 3, 2021 / by AAIS posted in Insurance, Issues & Trends, Insurance News/Current Events, COVID-19, Working in Insurance, Legislation & Regulation, AAIS Pulse, Agents, Brokers, Government, Flood Insurance, Taxes, Economy

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AAIS CEO Ed Kelly sat down with Bob Rusbuldt, CEO of the Independent Insurance Agents & Brokers of America (Big I) to discuss the impact of the Biden Administration and COVID-19 on insurers – and what may be ahead in the legislative and regulatory arena.

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AI and Modern Compliance

Jan 9, 2021 / by AAIS posted in Community, Technology, Machine Learning/AI, Issues & Trends, Data & Technology, Insurtech, Regulatory/Compliance, Insurance Operations, Innovation, AAIS Insights, AAIS Pulse, Executive, Regulation, Compliance, Locke Lorde, AI, AAIS Views

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In August of 2020, the NAIC adopted five guiding principles for artificial intelligence (AI), based on the Organization for Economic Cooperation and Development’s AI Principles which have been adopted by 42 countries across the globe. These five principles include: Fair and Ethical Accountability, Compliance, transparency, security, safety, and robustness of outputs.

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Tracking CATs and Taming Risk

Jan 7, 2021 / by AAIS posted in Community, Technology, Issues & Trends, Data & Technology, Insurance News/Current Events, New/Emerging Risks, P&C Insurers, Data, AAIS Insights, AAIS Pulse, Underwriting, Modeling/Actuarial, Risk, Analytics Insurance

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In August 2020, AAIS introduced its new Risk Awareness Service (RAS), a digital resource center tracking catastrophic risk and providing risk information in real time. At the inaugural AAIS Pulse Newsmagazine, AAIS VP Data and Actuarial Services Phil LeGrone described the Risk Awareness Service, its goals, and the value it can provide insurance carriers and the customers they serve. He also welcomed Jeff Waters, a Senior Product Manager at Risk Management Solutions (RMS), the leading modeling firms, to add his perspective on emerging modeling approaches and tools.

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Into the Weeds: Cannabis Insurance and the Industry Landscape

Jan 6, 2021 / by AAIS posted in Community, Issues & Trends, COVID-19, Regulatory/Compliance, Cannabis, CannaBOP, Commercial Lines, Industry, Legislation & Regulation, AAIS Insights, AAIS Pulse, pandemic, Aon, Porter Wright Morris & Arthur

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The COVID-19 pandemic has had lasting impacts on industries far and wide…including the growing cannabis industry. In the inaugural edition of the AAIS Pulse, AAIS’s Joe Jonas and Phil Skaggs were joined by Porter Wright Morris & Arthur LLP’s Randi Ellias and Aon’s Richard Golz to discuss cannabis insurance trends, including the impact the pandemic has had on its expansion.

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