“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.”
By utilizing the insights and capabilities of ADAS, carriers can enhance risk assessment accuracy, reduce accident frequency, and improve profitability. ADAS complements traditional rating variables like vehicle build, providing a dynamic layer of risk assessment and enhancing underwriting accuracy. Additionally, understanding the calibration status of ADAS systems is crucial to ensure optimal functionality and avoid potential hazards. As product managers in charge of auto insurance, it is essential to understand and leverage the power of ADAS to stay competitive in the evolving insurance landscape.
For the second part of our blog series featuring Tapoly, the digital provider of flexible insurance products and insurance technology solutions, CEO Janthana Kaenprakhamroy gives insight into how insurance companies can utilize automated technology to achieve efficiency. Kaenprakhamroy delves into how this technology can be utilized, where to apply these solutions within a company, obstacles insurers may face, and how SaaS solutions can help.
There have been many obstacles in solving data and technology issues across the insurance ecosystem and other industries have raised their game with an open-source mindset. In the AAIS Pulse session, Open-Source Solutions for Today’s Insurance Challenges, host Joan Zerkovich, Senior Vice President of Operations at AAIS, led a discussion with Daniela Barbosa, General Manager of Blockchain and Identity at The Linux Foundation and Executive Director of the Hyperledger Foundation, and Hart Montgomery, CTO at the Hyperledger Foundation, to explore what insurance challenges could be addressed in an open-source environment. They examined how initiatives like openIDL are different from past efforts in the industry and how carriers and other stakeholders get involved in leveraging these technologies to define the future of information-sharing in insurance.
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.
As a part of the AAIS Pulse: Chicago presentation, AAIS Senior VP of Operations Joan Zerkovich hosted Tram Vo, Founder & CEO of Mobility Open Blockchain Initiative (MOBI), to discuss blockchain technologies and how they are bringing together data from varying sources in ways that support insurance operations and decision-making.
Jon Godfread is currently North Dakota’s 22nd Insurance Commissioner. Through his work he prioritizes consumer advocacy and works to ensure that North Dakotans are better aware of the services offered by the North Dakota Insurance Department, beyond industry regulation. He is active, on a national level, starting discussions surrounding insurance regulation including the use of technology, air ambulance service, and health care reinsurance.
At the 2022 NAMIC Annual Convention, AAIS interviewed BriteCore Chief Marketing Officer Amede Hungerford about current issues and trends across the insurance industry, and what insurers can expect moving into 2023.
In this AAIS Market Report, Chair, President and CEO of Greater New York Mutual Elizabeth Heck discusses challenges to the insurance industry in the U.S. and New York.
