Vol. 21 | February 2016 |
VE Email Confirmations |
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Each year, the first Call due to NISS is the Verification of Experience to be Reported (VE) Call. A notification is prepared during January and emailed to all member companies containing information and instructions on how to submit the VE. Each company should review the information and submit the VE through the NISS website no later than March 1st, 2016. The purpose of the VE Call is to identify which states and Calls will be filed with NISS during the 2016 Call Year. This is the first step for NISS in the process of establishing controls and ensuring quality data.
After we receive your company's VE, a confirmation email is sent which lists the Calls we will be receiving from your company for the 2016 Call Year. The confirmation email provides a direct link to the webpage where you submit each particular Call you plan to send to NISS during the 2016 Call Year. The link is located to the right of each Call on the Call list. Since the Calls are listed by due date, many companies use this email as a checklist throughout the year as they submit data to NISS. The confirmation email also lists your company's NISS Contact for each Call, so if you have any questions or issues, you can easily contact NISS staff to assist you. Your VE confirmation email can also be viewed on the NISS website under the View Correspondence menu item by anyone with an account for your company.
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Annual Statement Reconciliation |
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As many companies are busy preparing their 2016 Annual Statement yellow books, we would like to remind you of the importance of reconciling your NISS data submissions to your Statutory Page 14. Each year, NISS prepares an Annual Statement Balancing Report for each member company and highlights any differences in which the reconciliation tolerance is exceeded. This is critical to ensure we have received all necessary data.
In many cases, differences can simply be explained using Reconciliation Worksheets. We encourage companies to send in Reconciliation Worksheets as you send data submissions to let us know in advance of any differences. Your company can also submit Reconciliation Worksheets in response to receiving the Annual Statement Balancing Report. Whichever way you choose, the balancing process helps make sure data quality standards are met, and is an important step in the statistical reporting process.
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NISS Is Growing! |
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Three new employees have joined the NISS team! Annette McEwen joined NISS as a Statistical Analyst, Ken Wallace joined NISS as a Software Engineer, and Janice Sams joined NISS as an Administrative Assistant. Annette, Ken, and Janice have been fantastic additions and have helped NISS in developing tools and resources for member companies, reviewing company data submissions, and keeping our high standards of customer service. Welcome Annette, Ken, and Janice!
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Where We’re Going and Where We’ve Been |
- In April, NISS will attend the Insurance Data Management Association (IDMA) Annual Conference in Philadelphia, Pennsylvania
- In June, NISS will host booth #114 at the Insurance Accounting & Systems Association (IASA) Annual Conference in San Antonio, Texas
- In September, NISS will host a booth at the NAMIC Convention in Vancouver, British Columbia
- NISS attends the NAIC meetings throughout the year
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About Us |
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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.
For more information, please visit www.niss-stat.org.
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2016 Upcoming Due Dates
For a list of upcoming due dates, please click here.
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2016 Upcoming Meetings
Technical Advisory Committee Meeting
Teleconference
February 23, 2016
Executive Committee Meeting
Teleconference
March 21, 2016
Board Meeting
Ponte Vedra, FL
April 22-25, 2016
Technical Advisory Committee Meeting
Indianapolis, IN
June 23, 2016
Executive Committee Meeting
Teleconference
August 16, 2016
Board Meeting
Indianapolis, IN
September 19, 2016
Technical Advisory Committee Meeting
Indianapolis, IN
October 27, 2016
Executive Committee Meeting
Teleconference
November 29, 2016
Board Meeting
Teleconference
December 19, 2016
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Stat Brain Teaser
You have done well on your New Year’s Resolutions and go buy eight jelly doughnuts to celebrate your effort. The doughnuts all weigh the same amount except for one which is heavier. You have a balancing scale on a table next to your donuts. What's the minimum number of weighings required for you to pick out the heavy doughnut?
Please email your answers to NISSNews@niss-stat.org. A person will be randomly drawn from the first ten correct answers, and that person will win a $10 gift card from Amazon.com!
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Congratulations to Lacey Morris who won the $10 Amazon Gift Card in the last drawing for answering the Brain Teaser correctly!
For the question and answer from the last brain teaser, please view the NISS News section here.
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