As part of the AAIS Webinar Series, AAIS hosted a virtual presentation on June 6, 2023, regarding California’s Mandatory Wildfire Mitigation Credits regulation. AAIS industry leaders, Robin Westcott, Vice President of Government Affairs, Legal & Compliance/General Counsel, Linda Jancik, Product Manager of Personal Lines, Mike Payne, Chief Pricing Actuary, and Matt Hinds-Aldrich, Senior Risk Strategy Lead, presented an overview of how the regulation was addressed across impacted programs from both a product and actuarial perspective. The panel also focused on the consumer notice requirement, highlighting how notice design can help motivate consumer action to complete wildfire mitigations on their properties. Panelists shared a notice template developed in response to this regulation that can easily be used and adapted in response to this regulation.
AAIS Webinar Series (2)
Making Wildfire Mitigation Meaningful: AAIS Addresses California’s Mandatory Wildfire Mitigation Credits Regulation
Jun 14, 2023 / by AAIS posted in Personal Lines, AAIS Webinar Series, Regulation, wildfire, Actuarial, California
AAIS Webinar ft. WSRB & WAHVE: Explore Acquiring Talent & Leading a Team in a Virtual World
May 24, 2023 / by AAIS posted in Working in Insurance, Remote Work, AAIS Webinar Series, WAHVE, WSRB
Today's work environment has shifted significantly, and employers are faced with a pressing need to offer both remote and hybrid working styles to accommodate workforce needs as well as attract top talent. As part of the AAIS Webinar Series, AAIS hosted a virtual presentation on May 4, 2023, featuring AAIS Partners WSRB/BuidingMetrix, Inc. and WAHVE. Moderated by AAIS Director of Marketing and Communications, John Greene, the presentation explored what it takes to acquire talent as well as manage them successfully within these new working parameters. Panelists Karl Newman, CEO of WSRB/BuildingMetrix, Inc., and Rick Morgan, Chief Marketing Officer of WAHVE, discussed what type of working environment current job seekers are looking for, how employers can recruit talent that fits this model, onboarding best practices, and ways to lead and motivate a virtual team successfully.
AAIS Webinar ft. OneShield Discusses Property Preparedness & Bracing for the Future of Commercial Insurance
May 11, 2023 / by AAIS posted in Personal Lines, P&C Insurers, Commercial Lines, AAIS Webinar Series, P&C, property & casualty
Inflation, fluctuations in building costs, and hardening reinsurance markets demand new approaches to portfolio management for commercial insurers. As part of our AAIS Webinar Series, AAIS hosted a virtual presentation on March 16, 2023, featuring AAIS Partner OneShield, the cloud-based, core systems platform providing business solutions for MGAs and P&C insurers. The session was hosted by Stephanie Vasey, Product Manager of Commercial Lines and Inland Marine at AAIS, and moderated by John Dunn, Vice President of OneShield. Their discussion explained how to reduce risk overall and addressed the inflationary economic conditions with a greater understanding of insuring commercial properties. Industry panelists Jeff Heine, Chief Revenue Officer of Betterview, and Skip Coan, Vice President of e2Value, Inc., showed attendees how aerial imagery, data analytics, and property estimation tools bring a new level of accuracy and transparency to the commercial property policy lifecycle.
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 Webinar Talks Democratization of Data with BizDynamics
Jan 21, 2022 / by AAIS posted in openIDL, Community, Data & Technology, Data Management/Distributed Ledger, AAIS Events, Events, Tech News, AAIS News & Views, AAIS Insights, AAIS Webinar Series, BizDynamics, Democratization of Data
On Wednesday, Jan. 19, AAIS hosted a webinar with AAIS VP of Data Solutions Ruturaj Waghmode and BizDynamics SVP of Partnerships Neil Pravin Dias. They took a comprehensive look at what the power of data democratization means for insurance carriers, regulators, agents, and policyholders – and how to make it a reality.
Swiss Re’s US P&C President Discusses Talent, Climate, Cyber, and More
Sep 1, 2021 / by Ed Kelly posted in openIDL, Community, Insurance, Issues & Trends, Data & Technology, Insurance News/Current Events, COVID-19, Cyber, New/Emerging Risks, Climate Change, Working in Insurance, P&C Insurers, AAIS Webinar Series, flood, Swiss Re, cyber risk, wildfire, social inflation, talent, talent gap, cyber insurnace
In this edition of CEO Angles, AAIS President and CEO Ed Kelly speaks with Keith Wolfe, President of US Property & Casualty at Swiss Re and an AAIS board member, about lessons learned during the pandemic, the increasing value of data, the need to start looking at climate change, the troubling cyber risk trend, and the hot topic of social inflation.
NAMIC CEO Talks Pandemic, Social Inflation, Flood and More
Aug 19, 2021 / by Ed Kelly posted in Community, Insurance, Issues & Trends, Data & Technology, Insurance News/Current Events, Industry Associations, AAIS Webinar Series, Business Interruption, NAMIC, Flood Insurance, flood, Inflation
In the latest edition of CEO Angles, AAIS President and CEO Ed Kelly is joined by recently named President and CEO of the National Association of Mutual Insurance Companies (NAMIC), Neil Alldredge, to talk about a variety of topics including the latest on business interruption insurance, social inflation, flood insurance and future growth opportunities for NAMIC and its member companies.
Concerns and Opportunities Related to Pandemic Coverage
Aug 3, 2021 / by Nicole Milos posted in Community, Issues & Trends, COVID-19, Regulatory/Compliance, New/Emerging Risks, Legislation & Regulation, AAIS News & Views, AAIS Insights, AAIS Webinar Series, pandemic, Business Interruption, AAIS Views, GLC
While the U.S. economy slowly returns to normal following the COVID-19 pandemic, the insurance industry continues to grapple with business interruption claims, court battles and the future of pandemic-related insurance. In Part II of our two-part Advisory Report, Nicole Milos, Assistant Counsel at AAIS, explains the systemic risk global pandemics pose to the insurance industry and how we’re leveraging data gathered during the pandemic to meet customer demand for future pandemic-type coverage.
Business Interruption Was Never Intended To Cover Pandemic Losses
Jul 26, 2021 / by AAIS posted in Community, Issues & Trends, COVID-19, Regulatory/Compliance, New/Emerging Risks, P&C Insurers, Legislation & Regulation, AAIS News & Views, AAIS Insights, AAIS Webinar Series, pandemic, Business Interruption, AAIS Views
While the U.S. economy slowly returns to normal following the COVID-19 pandemic, the insurance industry continues to grapple with business interruption claims, court battles and the future of pandemic-related insurance. In Part I of a two-part Advisory Report, Nicole Milos, Assistant Counsel at AAIS, explains why BI policies were never meant to cover losses from pandemics.
The Value of Risk Control: Moving Beyond the Basics
Mar 15, 2021 / by AAIS posted in Community, Technology, Issues & Trends, Data & Technology, COVID-19, New/Emerging Risks, AAIS Webinar Series, Underwriting, Risk, Agents, RCT, EMC, AAIS Views, Risk Control Technologies, Risk Control
In this edition from the AAIS Webinar Series, titled: The Value of Risk Control: Moving Beyond the Basics, Bryon Snethen, Vice President Risk Improvement at EMC Insurance and Jacob Pereira, a Solutions Engineer at Risk Control Technologies identified the purpose and value of risk control to a variety of stakeholders, including agents, insurance companies, policyholders, and society.