As part of the AAIS Webinar Series, AAIS hosted a virtual presentation on June 13, 2023, featuring AAIS Partner, Davies. Moderated by AAIS Personal Lines Product Manager, Linda Jancik, the session explored how wind models are created, used, and regulated. Featured guest speakers, Greg Fanoe, Director & Consulting Actuary at Davies, Sandra Darby, Property & Casualty Division Actuary at the Maine Bureau of Insurance, and Shaveta Gupta, Catastrophe Risk & Modeling Actuary at the NAIC, discussed how this data is gathered from inside the storm, why it’s collected, and how it is used by insurance carriers to price policies. The panel also analyzed hurricane models from the regulation side, explaining how regulators use this data to develop legislation to further protect consumers and ensure a healthy market.
NatCats
AAIS Webinar ft. Davies: Hurricane Models – Creation, Usage, and Regulation
Jun 28, 2023 / by AAIS posted in AAIS Webinar Series, NAIC, Regulation, hurricanes, catastrophe, NatCats, Actuarial, Davies
'Tis the Season for Community Involvement—and Advisory Councils
Dec 20, 2021 / by Matt Hinds-Aldrich posted in Insights, Issues & Trends, Data & Technology, Homeowners, New/Emerging Risks, Modeling/Predictive Analytics, Fire, AAIS News & Views, AAIS Insights, Modeling/Actuarial, Insurance Line of Business, NatCats, Fire Advisory Council, AAIS FLAMES, AAIS Wildfire Resource Center
With the holidays and the end of the year upon us, it is the time to reflect upon the past year. And it is the time of year we tend to think about coming together, as a community, to share our experiences. In our case, I’m referring to AAIS’s product-focused advisory councils.