A national insurance advisory organization and a leading insurance software developer have scheduled a demonstration of a new application for rating commercial output policies.
The American Association of Insurance Services (AAIS) is sponsoring the demonstration from 8-10 a.m. Eastern time, May 22, at the
InterContinental Buckhead Hotel in Atlanta, Ga., following the conclusion of the annual meeting of the Inland Marine Underwriters Association (IMUA). Attendance is free of charge to anyone interested, and breakfast
will be provided. To reserve a spot, contact Sheila Morris, AAIS manager of inland marine.
AAIS is a national insurance advisory organization that develops policy forms and manuals used by more than 700 property/casualty carriers throughout the US.
Among the programs AAIS maintains is the Commercial Output Program (COP), an industry-leading property program designed to provide broad
commercial property and inland marine coverage in its base form and
coverage parts. The COP utilizes a unique deficiency point rating system
for rating each risk as a single entity rather than as the sum of
During the session on May 22, FJA-US, Inc. will
be demonstrating a prototype of a new rating and management
engine that will support centralized product maintenance for policies based on the COP.
FJA-US is a software development and operational consulting firm with
more than 30 years of experience as a provider of enterprise software
and services to the insurance industry. Using FJA's rating engine, users of the AAIS COP will be able to rate COP
policies through web service requests, data import and export, or
direct entry of risk information into a web-based form.
During a demonstration of the
COP rating prototype at the recent AAIS Main Event conference, FJA
explained how the application could help companies stay current with the
program without necessarily tapping their own IT resources, yet still
have the flexibility to implement company-specific rules and features.