New/Emerging Risks

Redefining Mobility & Risks of Battery Fires: Findings from an FDNY Symposium

Nov 2, 2023 / by Matt Hinds-Aldrich posted in Technology, Issues & Trends, New/Emerging Risks, Fire, AAIS Insights, Risk, FLAMES, Battery Fires

0 Comments

We recently discussed the rapid proliferation of batteries in modern homes and businesses and the more worrying proliferation of fires associated with those batteries on AAIS Views. On October 12, 2023, the Fire Department for the City of New York (FDNY) hosted a one-day symposium titled, “A Conversation with the Insurance Industry About Lithium-Ion Batteries.” The intent of the symposium was to share the scope of the problem, the current state-of-the-art in mitigating these types of incidents, and a clarion call for insurers to join the fight in addressing this scourge.

Read More

Contractor Risk Product Demo ft. OwlSurance

Sep 22, 2023 / by AAIS posted in Inland Marine, New/Emerging Risks, AAIS Webinar Series, Risk, BizDynamics, OwlSurance

0 Comments

AAIS hosted a virtual presentation on September 14, 2023, featuring AAIS Partner OwlSurance (formerly BizDynamics), a business unit of ValueMomentum, for a demonstration of their contractor risk product. Hosted by Stephanie Vasey, Product Manager of Commercial Lines and Inland Marine at AAIS, the demo was led by Bob Ridinger, Vice President of Sales and Business Development at OwlSurance, and Anand Rajaraman, Vice President of Product Management at OwlSurance.

Read More

Tapoly CEO Explains What Insurers Should Know When It Comes to the Gig Economy

Aug 9, 2023 / by Janthana Kaenprakhamroy posted in Insights, Issues & Trends, New/Emerging Risks, AAIS Insights, Economy, Tapoly, Gig Economy

0 Comments

For the third part of our blog series featuring Tapoly, the digital provider of flexible insurance products and insurance technology solutions, CEO Janthana Kaenprakhamroy offers insight to insurers on the gig economy market. Kaenprakhamroy breaks down the gig economy, how it affects insurers, and solutions for small businesses to navigate this market system.

Read More

Home Is Where the Battery Is

Jul 17, 2023 / by Matt Hinds-Aldrich posted in Personal Lines, Technology, Issues & Trends, Insurance News/Current Events, Homeowners, New/Emerging Risks, Fire, AAIS Insights, Risk, AAIS FLAMES

0 Comments

“Check out my new drone. The camera and range are exceptional!”

“I’ve been getting out of the house more than ever with this new e-bike, have you considered getting one?”  

“Now that my solar array is complete, and I’ve connected the new 3000-watt home battery backup, I’m ready to go off-grid.”

Read More

Premium Leakage: Understanding the Impact and Solutions for Auto Carriers

Jan 24, 2023 / by Ash Naik posted in Insights, Issues & Trends, Data & Technology, New/Emerging Risks, Auto, AAIS News & Views, AAIS Insights, Personal Auto, Data/Tech

0 Comments

Premium leakage is a critical issue for carriers writing personal auto insurance, particularly with the rising severity of claims. However, by utilizing data and building partnerships with auto manufacturers, data providers, and new insurtech vendors, carriers can take steps to limit exposures due to incorrect mileage and garaged locations. Join us in building a community to solve this problem.

Read More

Fuel For Electric Vehicles: EV Needs & Efficiencies in California

Oct 13, 2022 / by Ash Naik posted in Insights, Issues & Trends, Data & Technology, New/Emerging Risks, Auto, AAIS News & Views, AAIS Insights, Personal Auto, Data/Tech

0 Comments

Recent discouragement of charging electric vehicles (EVs) by officials in California in the wake of a severe heatwave prompted further research into power generation, EV charging needs and efficiencies as we move towards an “all-electric” future.

Read More

Crypto, Solar, Tiny Homes Among Personal Lines Market Issues

Mar 3, 2022 / by Linda Jancik posted in Personal Lines, Community, Technology, Issues & Trends, Homeowners, New/Emerging Risks, P&C Insurers, AAIS News & Views, AAIS Insights, Insurance Line of Business, cryptocurrency, Airbnb, tiny homes, solar panels, bikes

0 Comments

Personal lines insurance is more diverse than ever before. During a Personal Lines Product Council in 2022 hosted by AAIS, Member carriers and other key stakeholders discussed several key issues affecting the market, from cryptocurrency and solar panels to container homes, “swimply”, and e-bikes and scooters.

AAIS established Product Advisory Councils to bring Member carriers and other industry stakeholders together to identify the burgeoning issues concerning insurers and the broader insurance industry today. While not all issues raised can be solved through product or program developments, we believe discussing emerging issues as well as working together within the AAIS Community can spawn new ideas and usher resources to meet today’s challenges. A general overview of several emerging issues is discussed below.

Read More

Ransomware – The Other Epidemic

Jan 13, 2022 / by Linda Jancik posted in Issues & Trends, Data & Technology, Tech News, Homeowners, Cyber, New/Emerging Risks, P&C Insurers, AAIS News & Views, AAIS Insights, Data/Tech, Insurance Line of Business, cyber risk, cyber insurnace, ransomware

0 Comments

Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid and can target both individuals and businesses. The U.S. House Committee on Oversight and Reform shared that “in 2020, ransomware attacks on both public and private institutions in the U.S cost an estimated $19.5 billion. … in the first six months of 2021, financial institutions reported $590 million in ransomware-related transactions. Current trends indicate that ransomware transactions in 2021 alone will exceed the previous 10 years combined.”

Read More

'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

0 Comments

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.

Read More

AAIS’s Phil Skaggs Talks 2022 Cannabis Legal Expectations

Dec 15, 2021 / by AAIS posted in Community, Issues & Trends, Regulatory/Compliance, New/Emerging Risks, Cannabis, CannaBOP, Commercial Lines, Legislation & Regulation, AAIS News & Views, AAIS Insights, Insurance Line of Business, Cannabis Insurance, GLC

0 Comments

Recently, AAIS Assistant Counsel Phil Skaggs participated in a webinar hosted by LexisNexis as part of their Emerging Issues series entitled “What Cannabis Lawyers Should Know to Prepare for 2022.” To watch a recap of the webinar, click here.

Read More
Unleashing Product Potential...Together

Lists by Topic

see all

Posts by Tag

See all