Vol. 22 | May 2016

Video Training Tutorials

NISS has many edit tools and resources available to our member companies. One of these resources is the “Training Videos” section in the Training and Education portion of our website. These videos highlight various aspects of NISS Statistical Reporting and clarify some of the questions we receive most frequently. Our video library now includes:

  • View Correspondence (6:19): an explanation of company access to various submission-related correspondence through the NISS website
  • File Upload Process (6:41): a helpful guide of the online data submission process
  • View Submission Status Grid (6:47): a description of the company specific submission status grid
  • Detail Edit Error File (11:53): a guide to utilizing the detail edit error file to easily sort and identify errors
  • Annual Statement Balancing (8:23): an overview of the annual statement reconciliation process
  • Edit Software in General (8:27): an overview of how to download and use the edit software and a walkthrough of the software’s features
  • Using Edit Software Reports (12:03): an explanation of the data quality reports generated by the Edit Software
  • Loss Adjustment Expense (LAE) (coming soon): a description of the requirements of the LAE submission
  • Filing Supplemental Calls (coming soon): an overview of the Supplemental Call submission process

We will continue to expand our video library, and hope you find this resource useful and helpful. If you have any suggestions for future training topics, please contact us.


 

NISS Reports Meet Regulatory Requirements

At NISS, our main objective is to keep your company in compliance with regulatory requirements by sending out hundreds of reports each year to regulatory agencies on behalf of our member companies. Some of the reports include:

  • Compilations to all State Insurance Departments with aggregate experience
  • NAIC Average Premium Reports
  • Residual Market Participation Quota Determination and Quota Fulfillment, Full Detail Ratemaking Experience, and Residual Market Participation and Quota to AIPSO
  • Illinois Cost Containment
  • Nebraska Auto and Homeowners Premium and Loss Experiences
  • New Jersey Auto Territory Code and Threshold Experience
  • North Carolina Auto Annual Ratemaking Detail and Trend Reports
  • North Dakota Commercial Fire and Allied Lines Premium and Loss Experiences
  • Massachusetts Homeowners Experience
  • Washington Commercial and Homeowners Fire Experience

In addition to sending these reports on behalf of our member companies, NISS also actively participates in the NAIC meetings to monitor and influence upcoming statistical reporting changes and changes in regulatory requirements. For a full description of reports we send on behalf of member companies, please contact us.


 

Where We’re Going and Where We’ve Been

  • In April, NISS attended 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 booth #623 at the NAMIC Convention in Vancouver, British Columbia
  • NISS attends the NAIC meetings throughout the year

 

About Us

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.

2016 Upcoming Due Dates

For a list of upcoming due dates, please click here.

2016 Upcoming Meetings

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

Stat Brain Teaser

A statue 6 feet tall casts a shadow 3 feet long on the ground. If the statue was 10 feet tall, how many feet in length would the shadow be?

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!

Congratulations to Mark Dye 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.


You are receiving this e-newsletter as a member or prospective member of the National Independent Statistical Service, or you have subscribed by submitting your name and e-mail address.

SUBSCRIBE: If someone had forwarded this message to you and as a result, you would like to subscribe, please click here.

UNSUBSCRIBE: If you wish to unsubscribe, click here.

COMMENTS: Please direct all requests or comments to NISSNews@niss-stat.org, or to NISS News, 3601 Vincennes Road, Indianapolis, IN 46268.


© Copyright 2016 NISS. All Rights Reserved.