AAIS Views

CARFAX Director Discusses Consumer Demands Following COVID-19

Sep 29, 2022 / by AAIS posted in Insights, COVID-19, pandemic, NAMIC, AAIS Views, CARFAX

0 Comments

At the 2022 NAMIC Annual Convention, AAIS interviewed CARFAX National Sales Director Dan Hill about major trends affecting mutual insurers, their impacts on 2023 strategies, and what CARFAX is doing for insurers.

Read More

e2Value SVP Discusses Trends, Impacts, and Shares Advice for Mutual Insurers

Sep 27, 2022 / by AAIS posted in Insights, Data, reinsurance, NAMIC, AAIS Views, E2Value

0 Comments

At the 2022 NAMIC Annual Convention, AAIS interviewed Senior Vice President of e2Value Skip Coan about major insurance industry trends, their impacts, and his advice for mutual insurers.

Read More

WAMIC President Highlights Current Trends Affecting Mutual Insurers

Sep 26, 2022 / by AAIS posted in Insights, reinsurance, NAMIC, AAIS Views, WAMIC

0 Comments

At the 2022 NAMIC Annual Convention, AAIS interviewed Wisconsin Association of Mutual Insurance Companies (WAMIC) President Patrick Laws about current trends affecting mutual insurers, the impact of these trends, advice for member companies, and more.

Read More

NAMIC CEO Addresses Industry Trends and Strategies, U.S. Elections and more

Sep 23, 2022 / by AAIS posted in Insights, Issues & Trends, reinsurance, Mutual Insurance, NAMIC, Economy, AAIS Views

0 Comments

This past week NAMIC hosted over 1,790 insurance professionals at their 2022 annual convention in Dallas, Texas. AAIS interviewed NAMIC President and CEO Neil Alldredge and discussed the highlights of the 127th Convention as well as current trends and strategies for 2023, plus, what we can expect from NAMIC in the future and more.

Read More

Greater New York Mutual CEO Provides Insights on Today’s Insurance Market

May 31, 2022 / by AAIS posted in Technology, Issues & Trends, Insurtech, Legislation & Regulation, Economy, AAIS Views, wildfire, social inflation, talent gap, NYIA, Merchants Insurance Group, Greater New York Mutual, supply chain

0 Comments

In this AAIS Market Report, Chair, President and CEO of Greater New York Mutual Elizabeth Heck discusses  challenges to the insurance industry in the U.S. and New York.

Read More

Merchants Insurance Group President Discusses U.S. and New York Insurance Markets

May 24, 2022 / by AAIS posted in Issues & Trends, Legislation & Regulation, Economy, AAIS Views, talent, talent gap, NYIA, Merchants Insurance Group

0 Comments

In this AAIS Market Report, Merchants Insurance Group President, and New York Insurance Association (NYIA) Chair, Charles Makey, discusses issues and challenges facing the U.S. and New York insurance markets, including legislation, regulation, and much more.

Read More

Is UBI Moving Full Speed Ahead? AAIS Report Snapshots Consumer Attitudes

May 20, 2022 / by Ash Naik posted in Issues & Trends, Telematics, Auto, Commercial Auto, Personal Auto, AAIS Views, auto insurance, UBI, Usage Based Insurance

0 Comments

While the telematics capabilities that enable auto insurers to track mileage and driving behaviors continue to advance, Usage-Based Insurance (UBI) has  potentially been slow to gain traction among consumers. In keeping with our mission of working with Members to design the best possible insurance products, AAIS recently went direct to consumers to understand the reservations that may be stalling adoption of UBI products and strategies to overcome these obstacles.

Read More

AAIS Interviews NYIA President About Pressing Topics

May 19, 2022 / by AAIS posted in Issues & Trends, COVID-19, Legislation & Regulation, pandemic, AAIS Views, NYIA, Insurance Market

0 Comments

In this AAIS Market Report, New York Insurance Association (NYIA) President Ellen Melchionni discusses issues and challenges facing the U.S. and New York insurance markets, legislation and regulation, and much more.

Read More

A Conversation with Bob Guevara, AAIS VP, Inland Marine

Apr 26, 2022 / by AAIS posted in openIDL, Insurance, Data & Technology, Inland Marine, Tech News, Commercial Lines, Data, Data/Tech, IMUA, AAIS Views

0 Comments

There is no understating Bob Guevara’s contributions to AAIS and the Inland Marine insurance community: He transformed thinking about inland marine risks, raising awareness with regulators and creating new rating paradigms and valuable tools and resources for AAIS Member insurers. As he looks forward to retiring after 29 years, and transitions to a consulting role, continuing to support AAIS, Bob spoke with AAIS Views.

 

Let’s start at the beginning. What first drew you to the insurance industry?

Bob Guevara: When I graduated from college in the 1970s the country was coming out of a recession. There was a lot of instability out there. I wanted to join an industry that would be very stable for the long haul, which led me to insurance. I’ve been in the business ever since – 15 years of inland marine underwriting and 29 at AAIS.

Read More

A Conversation with...AAIS Chief Pricing Actuary, Michael Payne

Sep 9, 2021 / by Michael Payne posted in openIDL, Insurance, Issues & Trends, Data & Technology, Blockchain, Data, Modeling/Actuarial, Risk, AAIS Views, risk management, Actuarial

0 Comments

This is the next installment in a series of conversations with AAIS leadership to get to know them, their background, and the unique work they’re doing within AAIS to further the insurance industry. In this edition, AAIS Views spoke with Michael Payne, Chief Pricing Actuary, about his career, being creative as an actuary, the role data is playing to create better pricing models, and how AAIS is leveraging those models to deliver value to our Members.

Tell us about your background.

Michael Payne: When I was in college, I liked math, but really didn’t know what I wanted to do. Then I heard about Actuarial Science from an alum who came back to campus and gave a presentation about the career path. That’s what sparked my interest. I got an internship at Zurich and that turned into my first job out of school. I started out doing pricing at Zurich, went to SCOR Re to do reinsurance pricing, and went back to Zurich to eventually lead a pricing tools team.

One not-so-traditional role in my career was a stint I did at Sears in their Home Services unit where I was the Director of Underwriting Analysis. Basically, if you bought a refrigerator at Sears, they were going to offer you a protection plan. It was my role to figure out the prices for those protection agreements based on how likely the appliance was going to need to be repaired or even replaced.

Overall, I really like pricing. It’s prospective in nature as you try to determine what might happen in the future.

In the winter of 2018, I joined AAIS where I’ve been able to leverage my pricing experience. My role includes product development and delivering loss costs that are appropriate for the coverage being offered. Not all carriers have a large team of actuaries or loads of data, so our rating plans offer them a faster speed to market for a new line of business, or even insurtechs to get their first policies written.

Read More
AAIS Learning-Pandemic Coverage in the Age of COVID-19
AAIS Pulse Chicago - AAIS Pulse is Back...and coming to Chicago!

Lists by Topic

see all

Posts by Tag

See all