Our latest installment of the AAIS Webinar Series featuring AAIS Partner, OneShield, covered how carriers can effectively leverage and transform core system data into actionable insights to strengthen business decisions and policy claims management. Speakers explored the valuable data types within core systems such as policy, claims, and customer interactions, techniques for extracting and processing this data, and real-world examples demonstrating the impact of these insights. They also discussed the shift from static reports to dynamic data visualization and offered tips for identifying key insights critical for various stakeholders, including underwriters and claims managers. John Kadous, Vice President of Products at AAIS, and John Dunn, Vice President of Sales at OneShield led the discussion with Travis Mayfield, Reporting Product Manager at OneShield.
Insights
Leveraging Core Systems for Actionable Insights in Policy Claims
Aug 5, 2024 / by AAIS posted in Insights, Data & Technology, Data, AAIS Insights, AAIS Webinar Series, Data/Tech, OneShield
Leveraging White Labeling in the Insurance Industry
May 21, 2024 / by AAIS posted in Insights, Issues & Trends, Insurance Operations, Working in Insurance, AAIS Insights, OwlSurance
White labeling has emerged as a pivotal strategy for insurers to bolster brand presence while catering to the preferences of brokers and clients. In this interview with AAIS Partner, ValueMomentum, you’ll learn what makes white labeling effective, the benefits of utilizing the strategy, and the tools and principles that make it successful in the insurance industry. Part one of our two-part series features Bob Ridinger, Vice President of Sales and Business Development at OwlSurance Technologies, a business unit of ValueMomentum.
AAIS Market Research Looks at Trends, Concerns, and Data/Technology Issues Affecting the Florida Market
Mar 27, 2024 / by AAIS posted in Insights, Issues & Trends, Insurance News/Current Events, AAIS Insights, Florida Insurance Market, Insurance Market, Florida
AAIS was proud to sponsor the 2024 Florida Insurance Market Summit (FIMS) on March 13-15. Prior to the FIMS meeting, AAIS polled attendees to get a sense of the major issues facing the Florida insurance market in 2024, and the data and technology priorities paving the path ahead.
Tapoly CEO Explains What Insurers Should Know When It Comes to the Gig Economy
Aug 9, 2023 / by Janthana Kaenprakhamroy posted in Insights, Issues & Trends, New/Emerging Risks, AAIS Insights, Economy, Tapoly, Gig Economy
For the third part of our blog series featuring Tapoly, the digital provider of flexible insurance products and insurance technology solutions, CEO Janthana Kaenprakhamroy offers insight to insurers on the gig economy market. Kaenprakhamroy breaks down the gig economy, how it affects insurers, and solutions for small businesses to navigate this market system.
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
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.
2022 AAIS Market Survey Results Reveal Most Pressing Industry Issues
Feb 2, 2023 / by AAIS posted in Community, Insights, Issues & Trends, Data & Technology, P&C Insurers, Legislation & Regulation, AAIS News & Views, AAIS Insights, Data/Tech, Insurance Line of Business, Florida Insurance Market
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: Understanding the Impact and Solutions for Auto Carriers
Jan 24, 2023 / by Ash Naik posted in Insights, Issues & Trends, Data & Technology, New/Emerging Risks, Auto, AAIS News & Views, AAIS Insights, Personal Auto, Data/Tech
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.
Bob Hartwig Outlines Reasons to be Optimistic for Future of Economy
Dec 13, 2022 / by AAIS posted in Insights, Issues & Trends, AAIS News & Views, AAIS Insights, AAIS Pulse, Pulse Chicago
Professor Bob Hartwig, clinical associate professor at University of South Carolina touched on the various issues affecting insurance carriers during the latest AAIS Pulse: Chicago presentation. During a time of immense political and economic change and challenges seen across the insurance market, he also touched on reasons to be optimistic for the future of our economy.
Bob Hartwig Talks Global and Domestic Reinsurance Markets
Dec 8, 2022 / by AAIS posted in Insights, Issues & Trends, AAIS News & Views, AAIS Insights, AAIS Pulse, Pulse Chicago
Professor Bob Hartwig, clinical associate professor at University of South Carolina, was interviewed for the latest AAIS Pulse: Chicago presentation. He examined current economic conditions and their impact on the insurance market as a whole, but also discussed how those conditions will impact the global and domestic reinsurance markets.
Tapoly CEO Explains How Companies Can Be More Efficient
Nov 30, 2022 / by Janthana Kaenprakhamroy posted in Insights, Issues & Trends, AAIS News & Views, AAIS Insights
During a special blog series featuring Tapoly's CEO Janthana Kaenprakhamroy, AAIS sat down to discuss the challenges insurance companies are facing right now while trying to be more efficient. Insurers are under pressure more now than ever due to rising loss costs. As loss ratios have gone up, there is also an increased pressure on expenses as they attempt to be more efficient.
Janthana explained some of the biggest issues putting pressure on companies right now, what some areas are that companies can in fact become more efficient, and how Tapoly can help insurers become more efficient.