Machine Learning/AI

Applying AI to Solve the Talent Crunch and How to Avoid Its Pitfalls with WAHVE CEO

Mar 13, 2024 / by AAIS posted in Machine Learning/AI, Remote Work, WAHVE, AI, Artificial Intelligence, talent gap, Advisory Report

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For this Advisory Report, AAIS spoke with Sharon Emek, Ph.D., CIC, CEO of AAIS Partner, WAHVE, a unique contract staffing talent solution serving the insurance industry, for a two-part series on how to solve the talent crunch and retain quality talent in the insurance industry. In part one, Emek addressed the state of the talent gap in the insurance industry, searching for candidates with AI, advice for hiring managers, 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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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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Leading State Regulators Talk Blockchain, AI, and Modernizing Regulatory Reporting

Feb 7, 2022 / by AAIS posted in openIDL, Technology, Machine Learning/AI, Issues & Trends, Events, Regulatory/Compliance, Blockchain, Legislation & Regulation, AAIS Pulse, AAIS Event Archives, Data/Tech, GLC, Machine Learning

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The AAIS Pulse newsmagazine recently featured discussions with Mississippi Insurance Commissioner Mike Chaney and Connecticut Insurance Department Asst. Deputy Commissioner, Property & Casualty Division, George Bradner. They sat down with AAIS VP of Government Affairs, Legal, and Compliance, Robin Westcott, to cover a wide array of topics including data collection, data management, openIDL and its benefits, machine learning, and much more.

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Artificial Intelligence is Modernizing Regulatory Compliance

Jan 18, 2022 / by Robin Westcott posted in openIDL, Community, Machine Learning/AI, Issues & Trends, Data & Technology, Tech News, Regulatory/Compliance, Legislation & Regulation, AAIS News & Views, AAIS Insights, Data/Tech, Connecticut

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Risks are continually evolving and emerging, requiring updates to insurance policies in order for carriers to keep pace with market need. Whether you’re a regulator or an underwriter, reviewing new policy language in a timely fashion can be a challenge, and can negatively impact speed-to-market.

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Open Source Benefits are Coming to Insurance

Dec 6, 2021 / by Joan Zerkovich posted in openIDL, Machine Learning/AI, Issues & Trends, Data & Technology, Data Management/Distributed Ledger, Robotics/Drones, Open Source, Tech News, IoT, Telematics, Auto, Modeling/Predictive Analytics, AAIS News & Views, AAIS Insights, Data/Tech, Linux Foundation

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In 2002, Amazon eliminated millions of dollars from its technology costs by switching to the Linux operating system, an open source technology platform from the Linux Foundation. In a filing with the Securities and Exchange Commission, Amazon stated it was able to cut technology expenses by about 25%, from $71 million to $54 million, primarily through “migration to a Linux-based technology platform that utilizes a less-costly technology infrastructure, as well as general price reductions for data and telecommunication services due to market overcapacity[1]. Amazon continues its open source technology strategy today, as do thousands of other companies. Today, 96.3% of the world's top one million servers run on Linux[2].

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AAIS, Berkley Re & Munich Re Experts Talk Cyber, Fire & Flood Risk

Oct 20, 2021 / by AAIS posted in Machine Learning/AI, Issues & Trends, Data & Technology, AAIS Events, Events, Tech News, Homeowners, New/Emerging Risks, Climate Change, P&C Insurers, Fire, AAIS Insights, AAIS Pulse, AAIS Event Archives, Data/Tech, Berkley Re, Insurance Line of Business, munich re, flood

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The AAIS Pulse newsmagazine recently featured a discussion with experts from Munich Re, Berkley Re Solutions, and AAIS hosted by AAIS Vice President of Products John Kadous on the emerging risks affecting policyholders in the homeowners market. The focus was on the evolving threats around cyber, fire and flood and how they’re being impacted by climate change, technology and more.

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Maryland Insurance Commissioner Talks Talent, E-Commerce, Insurtech & More

Oct 18, 2021 / by AAIS posted in Machine Learning/AI, Issues & Trends, Data & Technology, AAIS Events, Events, Tech News, Insurtech, Regulatory/Compliance, New/Emerging Risks, Working in Insurance, Legislation & Regulation, AAIS Insights, AAIS Pulse, AAIS Event Archives, Data/Tech, NAIC, talent

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The AAIS Pulse newsmagazine recently featured a discussion between Maryland Insurance Commissioner Kathleen Birrane and AAIS VP of Government, Legal and Compliance Robin Westcott. They covered a range of topics, from careers in insurance and climate change to National Association of Insurance Commissioner Working Groups, technology, insurtechs and much more.

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