Regulators

openIDL COVID-19 Pilot Huge Success, Delivers First-Ever Insights

Aug 17, 2021 / by AAIS posted in openIDL, Insights, Data & Technology, COVID-19, Regulatory/Compliance, Blockchain, Legislation & Regulation, Regulators, Business Interruption, AAIS Views

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AAIS conducted a Proof of Concept (POC) using the open Insurance Data Link (openIDL) for regulatory reporting. The results demonstrated that this blockchain/distributed ledger technology can dramatically improve both the output and process of insurance regulatory reporting for insurers and regulators.

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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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Open Source at Work: The COVID-19 Data Call

Jun 20, 2020 / by AAIS posted in openIDL, Community, Issues & Trends, Data & Technology, Insurance News/Current Events, Open Source, Regulatory/Compliance, Regulators, Travelers, Data Call, Business Interruption, The Hartford, AAIS Views

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When the COVID-19 pandemic hit the United States, regulators quickly realized two problems. They would need to collect massive amounts of data and issue multiple data calls, particularly around business interruption, and there was no secure, efficient way to gather this data to truly understand the impact COVID-19 was having on the P&C market. With business interruption claims growing, a quick, effective solution was needed.

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