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Property & Casualty Division

Phone:  (501) 371-2800

Fax:  (501) 371-2618

Email:  insurance.propertycasualty@arkansas.gov

 

 

 

ADVISORY ORGANIZATIONS

 

ACA 23-67-202. defines Advisory Organization or Rate Service Organization as “any entity which either has two (2) or more member insurers or is controlled either directly or indirectly by two (2) or more insurers, licensed under § 23-67-214, and which assists insurers in ratemaking-related activities such as those enumerated in § 23-67-216 or two (2) or more insurers having a common ownership or operating in this state under common management or control constitute a single insurer for the purpose of this definition.

 

The following are licensed as advisory or rate service organizations in Arkansas.

 

ACORD
http://www.acord.com/

ACCORD is a nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance and related financial services industries. ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms.

 

ACORD is committed to providing standards and services that improve efficiency and expand market reach by: reducing costs; reducing duplication of work and ambiguous communication exchanges; improving accuracy; facilitating e-business; and supporting multiple distribution models.

 

AIPSO

http://www.aipso.com/

AIPSO provides all the services necessary for the effective and efficient administration of automotive insurance plans specifically designed to provide options to high-risk drivers and the industry that insures them. They are a not-for-profit organization.

 

They provide expertise in the fields of insurance, management, actuarial science, statistical analysis, information systems development, audit services, accounting, and insurance law. Many services are provided directly to or on behalf of governing committees that represent their state's residual market mechanism.

 

ALLIANCE OF AMERICAN INSURERS

http://www.allianceai.org/

Founded in 1922, the Alliance of American Insurers today represents the interests of more than 340 property-casualty insurers from coast to coast. Our diverse membership includes companies of all sizes, providing automobile, homeowners, professional liability, workers compensation, commercial, and other lines of property-casualty coverages to their policyholders. The Alliance works closely with its members to create a more favorable business environment for insurers and their policyholders.

 

AMERICAN ASSOCIATION OF INSURANCE SERVICES “AAIS”

http://www.aais.org/

The American Association of Insurance Services is a product development resource for property/casualty insurers who require responsive, innovative information services. With more than 60 years of expertise in actuarial analysis, policy form development, and regulatory filings, AAIS is now a recognized leader in customized product research and design. More than 600 property/casualty companies use AAIS products and services.

 

HIGHWAY LOSS DATA INSTITUTE (AN AFFILIATE OF INSURANCE INSTITUTE FOR HIGHWAY SAFETY)

http://www.hwysafety.org/

The Insurance Institute for Highway Safety is a nonprofit research and communications organization funded by auto insurers. For over 30 years the Insurance Institute for Highway Safety has been a leader in finding out what works and doesn't work to prevent motor vehicle crashes in the first place and reduce injuries in the crashes that still occur. The Institute's research focuses on countermeasures aimed at all three factors in motor vehicle crashes (human, vehicular, and environmental) and on interventions that can occur before, during, and after crashes to reduce losses. In 1992 the Vehicle Research Center (VRC) was opened. This center, which includes a state-of-the-art crash test facility, is the focus of most of the Institute's vehicle-related research. The Institute's affiliate organization, the Highway Loss Data Institute, gathers, processes, and publishes data on the ways in which insurance losses vary among different kinds of vehicles.

 

INSURANCE SERVICES OFFICE, INC. (ISO)

http://www.iso.com/

ISO is the premier source of information about property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides analytical and decision-support products and services, including statistical, actuarial, underwriting, and claims information; consulting; technical services; policy language; information about specific locations; fraud-identification tools; and data processing.

 

ISO DATA, INC

ISO Data is the statistical data division of Insurance Services Office, Inc.

 

MILL AND ELEVATOR RATING BUREAU (MERB)

Mill and Elevator Rating Bureau is a commercial property rating association for mills and grain elevators.

 

NATIONAL ASSOCIATION OF INDEPENDENT INSURERS

http://www.naii.org/

NAII is the nation's largest full-service property/casualty trade association, representing more than 715 members. Its purpose is to advocate its members' public policy positions at four levels: federal government, state legislatures, federal and state courthouses and the public arena, and to provide its members with targeted industry information.

 


NATIONAL COUNCIL ON COMPENSATION INSURANCE “NCCI”

http://www.ncci.com/

NCCI operates as a not-for-profit rating, statistical and data management services organization. NCCI products and services assist insurers, regulatory officials, lawmakers, and other industry stakeholders in making informed decisions that support the efficient economic functioning of the workers compensation system.

 

NCCI's core services include:

Rate and advisory loss cost filings

Cost analyses of proposed and enacted legislation

Residual market management

Production of Experience Ratings

Statistical and compliance services

Maintenance of the workers compensation infrastructure of classifications, rules, plans and forms

Tools for informed decision-making that extend and enhance traditional, core offerings

 

NATIONAL CROP INSURANCE SERVICES

http://www.ag-risk.org/

National Crop Insurance Services (NCIS) is an international not-for-profit organization representing the interests of more than 60 crop insurance companies. NCIS member companies write Crop-Hail Insurance; Multiple Peril Crop Insurance (MPCI), the federally subsidized risk management program; and, privately developed crop insurance products totaling approximately $3 billion in premium, with liability totaling approximately $50 billion. These companies service all farmers participating in the federal program, including limited-resource and socially-disadvantaged farmers. In partnership with the government, these private companies are the safety net that equitably provides risk management to the American farmer. NCIS members range in size from one-state companies to national writers, as well as foreign company members.

 

NATIONAL INDEPENDENT STATISTICAL SERVICE

http://www.niss-stat.org/

NISS is a unique resource for the property/casualty insurance industry. We collect and report timely, quality insurance data, and perform other related functions, at a reasonable cost. 

 

NISS is committed to providing our member companies with outstanding service, and doing it in a friendly, positive, responsive manner. We are here to make your job easier - not only by providing you with the reporting mechanism you need, but also by helping you understand it better and keeping it simple.

We are number-crunchers. We truly enjoy working with numbers (why else would we be in this business?). Even more importantly, we enjoy solving problems and assisting people.

 

ODEN INSURANCE SERVICES

http://www.oden-ins.com/

ODEN® Insurance Services, Inc. is a regulatory research and publishing organization. We produce web-based compliance research and software, and our products include information for all insurance lines. Some of the areas we address include market conduct, underwriting, licensing, filing, and policy termination. We are a family-owned business based in Tulsa, Oklahoma, and since 1988 we have successfully assisted insurance companies, brokers, MGAs, risk managers and other professionals.

 

SURETY ASSOCIATION OF AMERICA

http://www.surety.org/

The Surety Association of America (SAA) is a District of Columbia non-profit corporation whose members are engaged in the business of suretyship. Member companies collectively write the majority of surety and fidelity bonds in the United States. The Surety Association of America is licensed as a rating or advisory organization in all states, as well as in the District of Columbia and Puerto Rico, and it has been designated by all state insurance departments except Texas as a statistical agent for the reporting of fidelity and surety experience. The Surety Association of America represents its member companies in matters of common interest before various federal, state and local government agencies.

 

The Surety Association of America has departments handling:  statistical information, regulatory filings, publications, government affairs, membership, and both surety and fidelity bond underwriting.

 

 

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