One of the reports NISS sends on behalf of our member companies is the Residual Market Participation Quota Determination (Plan B), which is sent to AIPSO on November 15th each year. Companies that write voluntary automobile policies are required to write a proportional number of residual market automobile policies, and AIPSO determines your company’s quota based on the data NISS sends on your behalf.

In order to avoid receiving an incorrect number of assignments from this quota determination, it is essential that the data submitted to NISS is accurate. As NISS reviews data prior to submitting to AIPSO, we work with your company representatives to ensure accuracy. After NISS submits the appropriate data to AIPSO, each member company receives a copy of the data sent on their behalf for review. If discrepancies or inaccuracies are discovered, or if AIPSO contacts a member company with an inquiry, we ask our companies to contact NISS.

As we continue to work to make the reporting process as easy and straightforward as it can be, we recently received input from the NISS Technical Advisory Committee on ways to simplify the Plan B Report. The new report will be an Excel spreadsheet and will include a Totals Summary and easy to understand color coded columns. It will be broken out by Liability and Physical Damage and will have both a tab that provides a summary, and a tab that provides more detailed information. These reports will be much more user friendly, and we look forward to making these enhancements for our member companies.

The NISS Statistical Workshop will be held in Indianapolis on Tuesday, May 7, 2019. The workshop will begin at 9:00 AM and end by 4:00 PM EST. The registration fee is $99, and NISS has secured a nightly hotel rate of $139 at the Sheraton Indianapolis Hotel at Keystone Crossing. The workshop covers a range of topics, including:

• a brief history of statistical reporting
• terms and concepts
• an overview of the NISS internal flow of data
• annual statement reconciliation
• excess loss reporting option
• resources and reporting tips
• edit tools (including Edit Software)
• enhanced data quality reports
• explanation of reports sent on behalf of member companies
• frequently found errors

It also includes a thorough walkthrough of the NISS website, including tutorials on the member-interactive features. The workshop is fairly technical in nature, and primarily directed to staff members that are involved in the details of data management and statistical reporting. It is also a wonderful opportunity to meet the NISS staff. Registration information will be coming soon. We hope to see you there!

• In May, NISS attended the IDMA Conference in Philadelphia, Pennsylvania
• In June, NISS hosted a booth at the Insurance Accounting & Systems Association (IASA) Annual Conference in Nashville, Tennessee
• In September, NISS hosted a booth at the NAMIC Convention in San Antonio, Texas
• In October, NISS attended the InsureTech Connect Conference in Las Vegas, Nevada
• NISS attends the NAIC meetings throughout the year