NatCats (2)

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, AAIS Views, risk management, NatCats, AAIS Risk Awareness Service

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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, Telematics, P&C Insurers, Industry, 2020 VME, VJDowling, reinsurance, AAIS Views, hurricanes, NatCats

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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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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, pandemic, AAIS Views, NatCats

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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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Safe at Home, Safe Online: Smart Homes, Sensors, and IoT

Jun 15, 2020 / by Linda Jancik posted in Personal Lines, Community, Technology, Issues & Trends, Data & Technology, IoT, Homeowners, Telematics, Cyber, P&C Insurers, Security, Data Management, 2020 VME, AAIS Views, NatCats, CFM Insurance, Roost, Neos

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Advancements in technology have brought great strength to home security systems, transforming what we once considered an average house into a modern smart home.

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Climate Change and the Shifting Landscape in Agribusiness

Sep 13, 2019 / by Rich Pelkofsky posted in Technology, Robotics, Issues & Trends, Data & Technology, New/Emerging Risks, Climate Change, Agribusiness, Farm & Ag, Farming, AAIS Views, wildfire, NatCats

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From record heat waves to the coldest of winters, hurricanes, droughts and flooding, it’s no secret that our climate and weather are changing…and changing the agribusiness insurance landscape with it.

In 2018, the California Camp Fire wildfire resulted in more than $16 billion in loss. Flooding in the Midwest resulted in crop contamination from nearby livestock fields. And the crippling cold from two polar vortexes in the last five years caused frozen pipes and burst boilers, leading to property and equipment damage claims.

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Unleashing Product Potential...Together

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