Artificial Intelligence

Leveraging Today's Underwriting Technologies to Modernize Homeowners Insurance with CHRP Technologies

Dec 18, 2023 / by AAIS posted in Personal Lines, Technology, Machine Learning/AI, Data & Technology, Insurtech, Homeowners, AAIS Webinar Series, Data/Tech, Underwriting, Artificial Intelligence, CHRP Technologies

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As part of the AAIS Webinar Series, AAIS hosted a virtual discussion on December 7, 2023, featuring CHRP Technologies. Moderated by AAIS President & CEO Werner Kruck, the session explored the state of today’s home insurance market as well as the challenges and opportunities that lie ahead. Featured guest speakers Chin Ma, President of CHRP Technologies, and Brandi Wyrick, AVP of Experience at Orion180, reviewed how new and emerging technologies like CHRP can improve underwriting results and operational efficiencies. They also touched upon the role of artificial intelligence (AI) across the insurance space and how companies can leverage new capabilities to improve the customer experience.

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Vermont Commissioner of Insurance Shares Updates on “Big Data” from the NAIC H Committee, Climate Change Initiatives, and More

Dec 11, 2023 / by AAIS posted in Data & Technology, Regulatory/Compliance, Climate Change, Data, Legislation & Regulation, Data/Tech, NAIC, Regulation, Regulators, Artificial Intelligence, Flood Insurance, Vermont

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The National Association of Insurance Commissioners (NAIC) held its 2023 Fall Meeting on November 30-December 4 in Orlando, Florida. During the meeting, AAIS spoke with Kevin Gaffney, Commissioner of Insurance for the Vermont Department of Financial Regulation, to discuss the biggest challenges facing the industry, how the regulatory community is responding to them, updates on “big data” from the NAIC H Committee, and new initiatives for the state of Vermont.

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Tapoly CEO Shares How Insurance Companies Can Achieve Efficiency Utilizing Automated Technology

May 18, 2023 / by Janthana Kaenprakhamroy posted in Insights, Technology, Issues & Trends, Data & Technology, Insurtech, Blockchain, AAIS News & Views, AAIS Insights, Data/Tech, Artificial Intelligence, Machine Learning, Analytics, Tapoly

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For the second part of our blog series featuring Tapoly, the digital provider of flexible insurance products and insurance technology solutions, CEO Janthana Kaenprakhamroy gives insight into how insurance companies can utilize automated technology to achieve efficiency. Kaenprakhamroy delves into how this technology can be utilized, where to apply these solutions within a company, obstacles insurers may face, and how SaaS solutions can help.

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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

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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.

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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

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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. 

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Connecticut Insurance Department Leveraging Artificial Intelligence to Capture Institutional Knowledge

Jan 4, 2023 / by AAIS posted in Insurance, Machine Learning/AI, Regulatory/Compliance, NAIC, Artificial Intelligence, Insurance Advisory, Regulatory Reporting, Machine Learning, Statistical Reporting

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For this Regulatory Brief, AAIS sat down with George Bradner, Assistant Deputy Commissioner of the Connecticut Insurance Department, to discuss the use of modern technologies to streamline processes for more efficient filings moving into 2023.

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