Insurance News/Current Events (2)

A Modern Membership: The Pathway to the Future of Insurance

Feb 10, 2021 / by AAIS posted in Community, Insurance News/Current Events, P&C Insurers, membership, Benefits

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At AAIS, we are focused on delivering a Member experience that reflects the changing nature of insurance and the shifting needs of our Members as well as the insurance community. Our Members have expressed concerns about the value delivered by antiquated advisory models. Now, we’re responding with an innovative new approach to advisory services…our All Access Advisory Membership.  

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How AAIS's Expertise in Remote Work can be Applied to Remote Learning

Jan 15, 2021 / by AAIS posted in Community, Insurance News/Current Events, AAIS Culture, P&C Insurers, Remote Work

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COVID-19 has caused an abundance of challenges for businesses everywhere. With protective restrictions, nonessential businesses were forced to send employees home and, in many cases, shut down due to the threat of the rapidly spreading virus. These businesses deemed "nonessential," however, are essential to the livelihoods of many, leaving businesses in a state of panic. How were they to continue when they couldn't remain open? Many businesses that could feasibly function as a remote workforce have attempted the transition, and as COVID-19's threats persist, many schools have made the decision as well.

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Tracking CATs and Taming Risk

Jan 7, 2021 / by AAIS posted in Community, Technology, Issues & Trends, Data & Technology, Insurance News/Current Events, New/Emerging Risks, P&C Insurers, Data, AAIS Insights, AAIS Pulse, Underwriting, Modeling/Actuarial, Risk, Analytics Insurance

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In August 2020, AAIS introduced its new Risk Awareness Service (RAS), a digital resource center tracking catastrophic risk and providing risk information in real time. At the inaugural AAIS Pulse Newsmagazine, AAIS VP Data and Actuarial Services Phil LeGrone described the Risk Awareness Service, its goals, and the value it can provide insurance carriers and the customers they serve. He also welcomed Jeff Waters, a Senior Product Manager at Risk Management Solutions (RMS), the leading modeling firms, to add his perspective on emerging modeling approaches and tools.

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COVID-19 Massive Industry Impact and Emerging Trends...An Analyst Perspective

Jul 9, 2020 / by AAIS posted in Community, Issues & Trends, Events, Insurance News/Current Events, AAIS Event Archive, COVID-19, Regulatory/Compliance, P&C Insurers, Industry, 2020 VME, VJDowling

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Recently, Dowling and Partners’ Gary Ransom spoke to AAIS CEO and President Ed Kelly during the Virtual Main Event, discussing how COVID-19 will touch nearly every aspect of the insurance ecosystem. The impact is pervasive. In fact, according to Mr. Ransom, the COVID-19 pandemic is on track to become the largest insurance event in history, according to one industry expert.

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Insurance in a Post-COVID World

Jul 9, 2020 / by AAIS posted in Community, Issues & Trends, Events, Insurance News/Current Events, AAIS Event Archive, COVID-19, P&C Insurers, Display, 2020 VME

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The COVID-19 pandemic has changed the insurance industry – and the world – permanently, and one expert believes the industry will respond well to the challenges set forth by this catastrophic event. AAIS’s Nicole Milos spoke with Fred Karlinsky, Co-chair Insurance Regulatory and Transactions Practice at Greenberg Traurig, about his views on the COVID-19 pandemic and the short- and long-term impacts the pandemic could have on the insurance industry.

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Open Source at Work: The COVID-19 Data Call

Jun 20, 2020 / by AAIS posted in openIDL, Community, Issues & Trends, Data & Technology, Insurance News/Current Events, Open Source, Regulatory/Compliance, Regulators, Travelers, Data Call, Business Interruption, The Hartford, AAIS Views

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When the COVID-19 pandemic hit the United States, regulators quickly realized two problems. They would need to collect massive amounts of data and issue multiple data calls, particularly around business interruption, and there was no secure, efficient way to gather this data to truly understand the impact COVID-19 was having on the P&C market. With business interruption claims growing, a quick, effective solution was needed.

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Leading the Way: The Insurance Community’s Response to a Global Pandemic

Jun 20, 2020 / by AAIS posted in Community, Issues & Trends, Insurance News/Current Events, COVID-19, P&C Insurers, Industry, Executive

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This year, the COVID-19 pandemic changed the world. Storefronts and restaurants were shuttered; jobs were lost; many became ill, and most companies had to quickly adjust to a new, remote working environment. The effects of the pandemic are pervasive, and will have a lasting impact on families, communities, businesses, and the country for years to come.

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NAIC CEO discusses Regulator Pandemic Response

Jun 16, 2020 / by AAIS posted in Community, Issues & Trends, Events, Insurance News/Current Events, AAIS Event Archive, Industry Associations, COVID-19, Regulatory/Compliance, Legislation & Regulation, 2020 VME, NAIC

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The COVID-19 pandemic proved what National Association of Insurance Commissioners CEO Mike Consedine already knew – the regulatory community is swift, nimble, and creative when dealing with an unprecedented emergency.

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NAMIC CEO: Emerging Tech/Blockchain to help Industry Respond to COVID

Jun 8, 2020 / by AAIS posted in openIDL, Community, Issues & Trends, Events, Insurance News/Current Events, AAIS Event Archive, Industry Associations, COVID-19, P&C Insurers, Blockchain, Industry, 2020 VME, pandemic, Mutual Insurance, NAMIC

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The COVID-19 pandemic has significantly challenged the insurance industry, but NAMIC CEO Chuck Chamness believes our resilience, adaptability, and focus on emerging technologies like blockchain will help us to emerge stronger than ever.

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Leveraging Insurtech Capabilities

Oct 7, 2019 / by Truman Esmond posted in Community, Technology, Issues & Trends, Data & Technology, Insurance News/Current Events, Tech News, Insurtech, IoT, Innovation, Design Thinking, Data/Tech

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“Insurtech.” It’s a buzzword that’s ricocheting across the insurance industry. But what does it really mean, and how can regulators and carriers leverage insurtech to support their goals and objectives?

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