American Association of Insurance Services
| Company type | Nonprofit (501(c)(6)) |
|---|---|
| Industry | Insurance |
| Predecessor | The Mutual Marine Conference, Transportation Insurance Rating Bureau (TIRB) |
| Founded | 1936 |
| Headquarters | Chicago , United States |
Area served | United States |
Key people | Werner E. Kruck (President and CEO, 2023–present) |
| Products | Product innovation, statistical analysis, regulatory compliance assistance, administrative support, technical consultation |
| Owner | Members (700+ member insurance agencies) |
| Website | aaisonline |
The American Association of Insurance Services (AAIS) functions as a nationwide trade association dedicated to supporting the insurance sector across the United States.
Serving more than 700 Member insurance agencies, AAIS offers expertise in product innovation, statistical analysis, regulatory compliance assistance, administrative support, and technical consultation. Operating as a licensed statistical agent in upwards of 50 jurisdictions, AAIS gathers critical data necessary for regulatory filings and facilitates communication between insurers and regulatory bodies. Over time, it has developed into a prominent advisory entity governed by its Member organizations.
History
Established in 1936 under the name The Mutual Marine Conference, AAIS originally concentrated on inland marine insurance. By 1947, it transformed into the Transportation Insurance Rating Bureau (TIRB), addressing tariff and regulatory concerns related to travel insurance risks before broadening its focus to encompass a wider range of property hazards.
In 1975, the organization adopted the name American Association of Insurance Services (AAIS), expanding its services to cover all categories of insurance products.
AAIS became incorporated in Delaware in 1984 as a 501(c)(6) nonprofit entity.
In 2018, the California Department of Insurance approved AAIS’s CannaBOP, marking the first Businessowners Policy designed specifically for cannabis-related enterprises such as dispensaries, processors, and distributors within California.
That same year, AAIS collaborated with IBM to introduce openIDL (open Insurance Data Link), a cutting-edge blockchain platform facilitating statistical data exchange between insurers and regulators.
Werner E. Kruck assumed the role of President and CEO of AAIS in 2023.