AAIS (American Association of Insurance Services)
The American Association of Insurance Services (AAIS) is a not-for-profit organization founded in 1936 that serves the insurance industry by providing member-focused advisory solutions. With a team of 106, AAIS specializes in property and casualty insurance policy forms, loss cost rating information, and various compliance and data analysis services.
History
The American Association of Insurance Services (AAIS) was founded in 1936. Since its inception, the organization has focused on providing advisory solutions tailored to the needs of its members in the insurance industry. Over the decades, AAIS has evolved to meet the changing demands of the insurance landscape while maintaining its commitment to member-focused services.
Services
AAIS offers a range of services designed to support its members in the insurance sector. These services include Regulatory Compliance, Onboarding Services, Actuarial Services, and the FLAMES initiative, which emphasizes fire loss and mitigation evaluation. Additionally, AAIS provides a Statistical Data Management Application (SDMA) for efficient data handling and a Speed to Market (S2M) Toolkit to streamline the implementation of manual rules and rating information.
Specialties
AAIS specializes in several key areas within the insurance industry. These include property and casualty (P/C) insurance policy forms, loss cost rating information, manual rules, statistical reporting, product compliance, and data analysis. The organization serves as a statistical agent in over 50 jurisdictions, facilitating the connection between insurance carriers and regulators.
Location
AAIS is headquartered in Lisle, Illinois, United States. The organization also operates locations in Wheaton, Illinois. This presence allows AAIS to effectively engage with its members and provide comprehensive support within the insurance industry.
Community Engagement
AAIS fosters member engagement through its 'Community of Trust,' which includes Product Advisory Councils and Executive Roundtables. The organization hosts various resources such as the AAIS Views Blog, webinars, events, and compliance alerts to keep members informed and connected. Additionally, AAIS organizes an annual Main Event to facilitate collaboration among its members.