For this Regulatory Brief, AAIS spoke with Eric Lowe, Chief of Data Analytics and Cyber Initiatives at the Virginia Bureau of Insurance to discuss the new data, cyber, technology, and security initiatives taking place in Virginia for 2023.

The Economy/Inflation, Talent Acquisition and Litigation Top Concerns; Integrity, Security and Accuracy Lead Priorities for Data/Technology

Throughout 2022, AAIS conducted several surveys from a cross-section of insurance professionals, many associated with insurance industry events. What emerged from these various surveys was a view of the top issues and concerns facing the industry as well as the priorities placed on data and technology initiatives. This summary presents the aggregated results of those surveys. We trust this information is useful for AAIS Members and other industry stakeholders as a catalyst for discussions surrounding the development of solutions for the most pressing issues that lie ahead.

Premium leakage is a critical issue for carriers writing personal auto insurance, particularly with the rising severity of claims. However, by utilizing data and building partnerships with auto manufacturers, data providers, and new insurtech vendors, carriers can take steps to limit exposures due to incorrect mileage and garaged locations. Join us in building a community to solve this problem.

For this Regulatory Brief, AAIS speaks with Eric Dunning, Director of the Nebraska Department of Insurance, to discuss insurtechs and the importance of the annual Insurtech on the Silicon Prairie meeting.

As a part of the AAIS Pulse: Chicago presentation, AAIS Senior VP of Operations Joan Zerkovich hosted Tram Vo, Founder & CEO of Mobility Open Blockchain Initiative (MOBI), to discuss blockchain technologies and how they are bringing together data from varying sources in ways that support insurance operations and decision-making.

Recent discouragement of charging electric vehicles (EVs) by officials in California in the wake of a severe heatwave prompted further research into power generation, EV charging needs and efficiencies as we move towards an “all-electric” future.

At the 2022 NAMIC Annual Convention, AAIS interviewed Jarus Technologies Vice President Bala Kumar and he discussed key trends that will be important for insurers to prioritize moving into 2023.

At the 2022 NAMIC Annual Convention, AAIS interviewed BriteCore Chief Marketing Officer Amede Hungerford about current issues and trends across the insurance industry, and what insurers can expect moving into 2023.

At the 2022 NAMIC Annual Convention, AAIS sat down with AM Best President and CEO Matthew Mosher to discuss industry issues and trends, their impacts on 2023 strategies, his advice for insurers, and more.