American Association of Insurance Services

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Wikipedia

American Association of Insurance Services
AbbreviationAAIS
Formation1936; 90 years ago (1936)
TypeNot-for-profit trade association
Location
Area served
United States
ProductsInsurance advisory
Interim CEO
M. Ross Fisher
Websitewww.aaisonline.com
Formerly called
The Mutual Marine Conference, Transportation Insurance Rating Bureau

The American Association of Insurance Services (AAIS) is the only national not-for-profit insurance advisory organization in the United States.

AAIS offers property and casualty insurance products and services, including forms, manuals, and rating guidance.[1] AAIS is a licensed statistical agent in more than 50 jurisdictions, collecting data that helps Members meet regulatory statistical reporting responsibilities. AAIS also serves as an intermediary between carriers and insurance regulators. Since its inception, AAIS has evolved into a modern insurance advisory community governed by its Members.

Background

AAIS was founded in 1936 as the Mutual Marine Conference, focused exclusively on inland marine insurance. In 1947, the Mutual Marine Conference and the Mutual Aircraft Conference merged to become the Transportation Insurance Rating Bureau (TIRB), a predecessor of AAIS. Its company practices focused primarily on tariff and regulatory declarations concerning travel insurance risks. The activities of the Rating Bureau slowly expanded to involve all threats of property.

In 1975, TIRB became the American Association of Insurance Services (AAIS), broadening its scope to include all insurance products.[2]

In 1984, AAIS was incorporated in Delaware as a 501(c)(6) non-profit organization.[3]

In 2018, AAIS gained approval from the California Department of Insurance for CannaBOP, the first-of-its-kind Businessowners Policy designed for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related businesses operating in California.[4]

In 2018, AAIS collaborated with IBM to introduce openIDL (open Insurance Data Link), the first open blockchain platform focused on the collection and sharing of statistical data between insurance carriers and regulators.[5]

In 2021, AAIS created a not-for-profit subsidiary under the Linux Foundation for insurance industry collaboration on data standards and reporting.[6]

In 2025, openIDL launched the openIDS Data Specifications Working Group, a collaborative effort aimed at revolutionizing how insurance data is standardized and shared across the sector. AAIS joined as a participant of the Working Group.[7]

In 2025, AAIS appointed M. Ross Fisher as Interim CEO.[8]

AAIS Leadership

Since 1987, AAIS has been led by several executives in its more recent history. Paul Baiocchi served as President and CEO from 1987 to 2012. He was succeeded by Edmund J. Kelly, who held the role from 2012 to 2023.[9] Werner E. Kruck then served as President and CEO from 2023 to 2025.[10] As of 2025, M. Ross Fisher is serving as Interim CEO.[8]

References

  1. ↑ "American Association of Insurance Services (AAIS)". Investopedia. August 30, 2022.
  2. ↑ "Fact or Fiction? Insurance Tidbits of Known and Little-Known Information". Insurance Journal. December 16, 2011.
  3. ↑ "REPORT ON EXAMINATION OF THE AMERICAN ASSOCIATION OF INSURANCE SERVICES, INC". Delaware Insurance Department. 2005.
  4. ↑ "AAIS Announces Approval of CannaBOP…the First Cannabis Businessowners Insurance Policy". AAIS. June 4, 2018.
  5. ↑ "AAIS collaborates with IBM to transform insurance regulatory reporting using blockchain". AAIS. August 15, 2018.
  6. ↑ "openIDL: openIDS". openIDL.
  7. ↑ "openIDL Launches openIDS Data Specifications Working Group to Transform Insurance Data Sharing – Join the Movement". openIDL. April 10, 2025.
  8. 1 2 Membership Email from AAIS Leadership
  9. ↑ "Kelly Named President of P/C Insurance Advisory Organization AAIS". Insurance Journal. May 4, 2012.
  10. ↑ "AAIS Announces Werner E. Kruck as President and CEO". AAIS. June 21, 2023.