American Association of Insurance Services
| Privately held | |
| Founded | 1975 |
| Headquarters | Lisle, Illinois |
|
Area served
|
United States |
|
Key people
|
Edmund J. Kelly, CEO |
| Products | Insurance |
| Website | www |
The American Association of Insurance Services (AAIS) is a national insurance advisory organization in the United States.
Among other things, is one of the two major "rating bureaus" in the United States, along with the Insurance Services Office.[1] Rating bureaus publishes standardized model insurance policy forms and prices which its insurance company customers use in their business.[2] This expedites compliance and allows the policyholder customers to compare policy forms more easily. Companies which do not use the standardized form exactly will often use it as a base with subtle modifications.
It was originally founded in the 1930s as the Chicago-based Transportation Insurance Rating Bureau focused exclusively on inland marine insurance. In 1975 its name was changed and scope was broadened to include all insurance products.[3]
References
- ↑ Reevaluating Standardized Insurance Policies.
- ↑ Insurance rating bureaus. Journal of Insurance Regulation.
- ↑ Fact or Fiction? Insurance Tidbits of Known and Little-Known Information. Insurance Journal.
