Statistical Data Management
Application
Shared statistical data at the transaction level is the lifeblood of nearly every P&C insurer and the foundation of a competitive insurance market.
AAIS helps its stat reporting affiliates in multiple ways:
- By accepting data in a wide range of file formats (Excel®, XML, CSV, fixed format, and more).
- By providing AAIS Statistical Plans and detailed documentation on the types of data required, allowing companies to decide for themselves how to export their data.
- By providing technical and analytical support to help create the data extracts required for statistical reporting.
- By working directly with company staff to help implement the process for creating statistical reporting files.
- By supporting the annual reconciliation of statistically reported data versus Statutory Page 14 financial information as required by the NAIC Statistical Handbook.
Unit transaction statistical reporting is enabled by our AAIS Statistical Data Management Application (SDMA) solution. This online application, available through the AAISdirect web portal, allows users to upload statistical data through a web browser and edit it before making a final submission.
Serving With a Cooperative Approach
AAIS stands out as having the statistical reporting service that helps you meet your regulatory statistical reporting obligations and the ratemaking needs of insurers. For decades, AAIS has been a licensed statistical agent in 51 jurisdictions, maintaining property, general liability, and automobile statistical plans that allow companies to meet regulatory reporting requirements with confidence. Our statistical reporting services are free of charge to companies for their AAIS program affiliations (forms, manual rules, and rating info). Beyond that, AAIS collects the unit transaction data needed to support loss cost development and ratemaking activities for personal, commercial, and agricultural lines of business.
Using this tool:
- All reported data can be uploaded through a secure web tool with tight controls on the type of data being processed, and on who can upload and approve the data.
- Authorized users can download detailed reports, including any flags or errors, and make in-line edits to their data records.
Your SDMA Team
Discover how AAIS SDMA delivers customized solutions that meet your needs!