NAIC

Modernizing Statistical Reporting: What It Means for Our Industry

May 27, 2021 / by Dina Burgess posted in openIDL, Technology, Data & Technology, NAIC, IBM, Linux Foundation, Hyperledger

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Regulatory-driven statistical reporting was first established for the insurance industry by the NAIC Property & Casualty Model Rating Law some 70 years ago. And the practices and procedures that underpin insurer statistical reporting have changed little in the decades since. Now, however, statistical reporting is being modernized with the development of the open Insurance Data Link (openIDL). Dina Burgess, Manager of Enterprise Risk Applications at AAIS, talks about the need for this change and the new ease, efficiency and accuracy that characterizes modern regulatory reporting.

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NAIC Perspectives on Diversity, Equity and Inclusion

Apr 19, 2021 / by AAIS posted in Insurance, Regulatory/Compliance, Working in Insurance, Industry, AAIS Pulse, NAIC, Regulators

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The April 13 episode of AAIS Pulse featured a frank discussion on diversity, equity and inclusion in corporate American, the insurance industry, and society at large, as seen through the lens of leaders in insurance regulation.

AAIS’s El Cid Balitaan was joined by Chlora Lindley-Myers, Director of the Missouri Department of Commerce and VP of the Insurance and National Association Of Insurance Commissioners (NAIC), and Commissioner Andrew Mais of the Connecticut Insurance Department, who is Secretary Treasurer of the NAIC.

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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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