Data/Tech (2)

From Concept to Customer: GhostDraft Discusses the Need for Speed to Market in Insurance

Apr 17, 2024 / by AAIS posted in Technology, Insurtech, Regulatory/Compliance, AAIS Webinar Series, Data/Tech, Data Management, Compliance, GhostDraft

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As part of the AAIS Webinar Series, AAIS hosted a virtual discussion on April 4, 2024, featuring AAIS Partner, GhostDraft. Moderated by John Kadous, AAIS Vice President of Products, the session explored the importance and challenges of speed to market. Joined by panelist Laurence White, Executive Vice President of Sales at GhostDraft, the two discussed modern technologies and innovations that can accelerate internal processes as well as how to balance speed and compliance. Kadous and White also offered successful strategies to improve operational efficiencies.

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Navigating the Complexities of Automobile Technologies

Jan 3, 2024 / by Ash Naik posted in Technology, Tech News, Auto, Personal Auto, Data/Tech, ADAS

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The auto insurance industry faces unique challenges in an era dominated by rapid technological advancements. Today's vehicles, equipped with sophisticated electronics and software, are redefining experiences for drivers, auto services, and insurance industry professionals. In a recent webinar, we explored various facets of auto insurance carriers' challenges.

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Oklahoma Insurance Department Rate & Form Director Reveals Key Initiatives for 2024 and Ways to Help Industry Stakeholders

Dec 21, 2023 / by AAIS posted in Technology, Data & Technology, Regulatory/Compliance, Data/Tech, Compliance, Regulators, Oklahoma

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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 Kurt Cagle, Director of the Rate and Form Division for the Oklahoma Insurance Department, to discuss key initiatives for 2024, ways to help industry stakeholders, and more.

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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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Maryland Insurance Commissioner Gives Updates on NAIC H Committee Regarding Technology, Cybersecurity, and Privacy Protection

Dec 13, 2023 / by AAIS posted in Technology, Data & Technology, Regulatory/Compliance, Cyber, Legislation & Regulation, Data/Tech, NAIC, Regulators, Maryland

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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 Kathleen Birrane, Insurance Commissioner for the Maryland Insurance Administration, to discuss the mission of the NAIC H Committee, updates from the H Committee working groups, and key initiatives for Maryland. 

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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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AAIS Vice President of Products Reveals Organizational Opportunities in the MGA Segment & Member Support Initiatives

Oct 17, 2023 / by AAIS posted in Technology, Insurtech, membership, Data/Tech, Advisory Report, MGA

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For this Advisory Report, AAIS spoke with its Vice President of Products, John Kadous. He discussed current issues for insurance carriers, opportunities in the MGA segment, how AAIS is supporting its Members, and more.

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AAIS President & CEO’s View on Addressing Market Challenges with Data & His Vision for AAIS and Its Members

Oct 10, 2023 / by AAIS posted in Data & Technology, Data, AAIS Insights, membership, Data/Tech, Insurance Market, Advisory Report

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For this Advisory Report, AAIS spoke with its President and CEO, Werner Kruck. He discussed the biggest market challenges and how to address them with data, a better approach to the “data problem,” how AAIS is supporting its Members, and his outlook on AAIS moving forward. 

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Jarus Technologies Vice President Analyzes Top Issues for Insurance Carriers and How They Are Addressing Market Challenges

Sep 29, 2023 / by AAIS posted in Personal Lines, Technology, Data/Tech, Underwriting, NAMIC, Insurance Market, Jarus Technologies

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The National Association of Mutual Insurers (NAMIC) held its 2023 Annual Convention on September 17-20 in National Harbor, Maryland. During the convention, AAIS sat down with Bala Kumar, Co-Founder and Vice President of Jarus Technologies, to discuss top issues insurance carriers are facing, how to address them, how Jarus Technologies is helping carriers and its upcoming initiatives.

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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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