Statistical Reporting

AAIS Webinar ft. BriteCore: How Leading Mutual Insurers Leverage Analytics to Improve Performance

Apr 6, 2023 / by AAIS posted in Data, AAIS Webinar Series, BriteCore, Statistical Reporting, Analytics

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On Thursday, February 16, 2023, AAIS presented a webinar in partnership with BriteCore, the modern core platform for P&C insurers. Hosted by John Kadous, Vice President of Products at AAIS, and moderated by Amede Hungerford, Chief Marketing Officer at BriteCore, the discussion covered how top-performing companies leverage analytics to improve their business performance. Attendees learned cutting-edge techniques from industry peers on how to 'light up' their data and generate new insights; how reports, analytics, and dashboards each have an essential role to play in daily operations; and best practices from two leading mutual insurers that use BriteCore to guide their business. 

Panelists included Alex Gann, Chief Information Officer and Chief Technology Officer of Farmers Fire Insurance, and Scott Page, Vice President of Cameron Mutual.

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Advisory Report: Merlinos & Associates Director Ryan Purdy Talks Florida Market & What to Expect in 2023

Feb 7, 2023 / by AAIS posted in Personal Lines, Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Florida Insurance Market, Regulatory Reporting, Statistical Reporting, Florida

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For this Advisory Report, AAIS sat down with Ryan Purdy, Director at Merlinos & Associates - a Davies Company, to discuss key takeaways from the recent Florida Chamber of Commerce Insurance Summit. He also touched on key trends to look for moving into 2023 as well as updates specifically seen across the Florida insurance market.

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Maryland Commissioner on Building a Healthier Cyber Risk and Insurance Market

Jan 17, 2023 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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For this Regulatory Brief, AAIS sat down with Kathleen Birrane, Insurance Commissioner from the Maryland Department of Insurance, to discuss issues related to the cyber risk and insurance market.

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Nebraska Commissioner Discusses Growing Interest in Insurtech on the Silicon Prairie

Jan 10, 2023 / by AAIS posted in Technology, Insurance, Data & Technology, Tech News, Insurtech, Regulatory/Compliance, Data/Tech, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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For this Regulatory Brief, AAIS speaks with Eric Dunning, Director of the Nebraska Department of Insurance, to discuss insurtechs and the importance of the annual Insurtech on the Silicon Prairie meeting.

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Connecticut Insurance Department Leveraging Artificial Intelligence to Capture Institutional Knowledge

Jan 4, 2023 / by AAIS posted in Insurance, Machine Learning/AI, Regulatory/Compliance, NAIC, Artificial Intelligence, Insurance Advisory, Regulatory Reporting, Machine Learning, Statistical Reporting

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For this Regulatory Brief, AAIS sat down with George Bradner, Assistant Deputy Commissioner of the Connecticut Insurance Department, to discuss the use of modern technologies to streamline processes for more efficient filings moving into 2023.

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Director of Rate & Forms Compliance at Kansas DOI Provides Update on New Forms Filing Procedures in Kansas

Dec 27, 2022 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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At the recent NAIC meeting in Tampa, AAIS asked Julie Holmes, Director of Rate and Forms Compliance at the Kansas Department of Insurance for an overview of upcoming changes to forms filing procedures in the State.

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MA Deputy Commissioner Talks Data Standards and Changes to Health Insurance Regulation, including Dental Coverage

Dec 22, 2022 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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At the recent NAIC meeting in Tampa, Kevin Beagan, Deputy Commissioner at the Massachusetts Division of Insurance, discussed the need for standardization across the data and technology space. He also shared insights on the current challenges experienced in the healthcare market, including dental coverage.

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NAIC CEO Mike Consedine Reflects on 2022 and Looks Ahead to the Hot Topics for 2023

Dec 19, 2022 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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At the recent NAIC meeting in Tampa, Florida, AAIS sat down with NAIC CEO Mike Consedine to review challenges and opportunities that emerged in 2022 and the hot topics and trends leading into 2023.

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Maine Bureau of Insurance's Sandra Darby Discusses NAIC Stat Working Group Updates & Emerging Industry Trends

Dec 15, 2022 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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At the recent NAIC meeting in Tampa, Florida, AAIS sat down with Maine Bureau of Insurance's Property & Casualty Actuary Sandra Darby to talk upcoming trends that we can expect to see in 2023. She also shared what the NAIC Stat Working Group is currently working on and the exciting projects they plan to implement in the New Year.

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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, AAIS Views, Statistical Reporting, Modern Advisory Services

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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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