NonprofitsAmerican Association Of Insurance Services

American Association Of Insurance Services

LISLE, IL

Total revenue

$28.6M

Total expenses

$27.9M

Net assets

$10.9M

Grants received

EIN

362021360

Tax year

2023

Mission

To promote the interests of affiliated and organized groups of insurance companies.

Programs

2 programs

Aais collects company insurance data on behalf of state regulators and reports such data to the regulators in order to satisfy member companies i statutory reporting requirements. For the fiscal year ended june 30, 2024, aais processed approximately 8,420,000 claims records with total loss estimates of approximately $34.3 billion. Aais also collects third party data from a variety of public and proprietary data sources to refine risk management advisory services. This includes data on economic activity, fire incidents, regional exposure attributes, weather, crime, census information, market share information, fire station and fire hydrant location information. Over 230,000,000 records of related third party data were utilized for various advisory support activities during fiscal year ended june 30, 2024.

Aais distributes information to member companies via bulletins which include instructions on adopting newly-filed rules and forms and mandatory endorsements. For the fiscal year ended june 30, 2024, aais distributed almost 404 related bulletins to member companies.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$29.3M
Investment income
Other revenue
Total revenue$28.6M

Expenses

Grants paid
Salaries & benefits$20.4M
Fundraising
Other expenses$7.5M
Total expenses$27.9M
Total assets$28.4M
Net assets$10.9M

People

18 listed

NameRoleCompensation

EDMUND KELLY END 12312023

PRESIDENT AND CEO

Board

$1.2M

40 hrs/wk

JOAN ZERKOVICH END 08082023

SVP

Board

$1.1M

40 hrs/wk

TERESA WESTCOTT END 10112023

VP-LEGAL & COMPLIANCE

Board

$449K

40 hrs/wk

WERNER KRUCK

PRESIDENT & CEO

Board

$300K

40 hrs/wk

CHRISTOPHER BUNCH

CHIEF FINANCIAL OFFICER

Board

$100K

40 hrs/wk

DAVID B DUCLOS

DIRECTOR

Board

1 hrs/wk

CYSTAL OTTAVIANO

DIRECTOR

Board

1 hrs/wk

RENEE BEAUFORD

DIRECTOR

Board

1 hrs/wk

LISA PECHAN

DIRECTOR

Board

1 hrs/wk

KEITH WOLFE

DIRECTOR

Board

1 hrs/wk

JILL WAGNER KELLY

DIRECTOR

Board

1 hrs/wk

RANDY SHAW

DIRECTOR

Board

1 hrs/wk

M ROSS FISHER

DIRECTOR

Board

1 hrs/wk

MICHAEL PAYNE

VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI

Staff

$452K

40 hrs/wk

JOHN KADOUS

VICE PRESIDENT OF PRODUCTS

Staff

$419K

40 hrs/wk

JOHN GREENE END 41224

DIRECTOR OF MARKETING & COMMUNICATIONS

Staff

$411K

40 hrs/wk

KEN SAYERS

VICE PRESIDENT OF TECHNOLOGY

Staff

$290K

40 hrs/wk

KAREN SHERIDAN

DIRECTOR OF HUMAN RESOURCES

Staff

$282K

40 hrs/wk

Independent contractors

AMAZON WEB SERVICES INC

DATA HOSTING SERVICES

$992K

RSM US LLP

ACCOUNTING SERVICES

$287K

QUADRANT INFORMATION SERVICES

ACTUARIAL PERSONAL AUTO INFORMATION SUBS

$225K

RISK MANAGEMENT SOLUTIONS INC

RISK MODELING APPLICATION SOFTWARE SERVI

$174K

HITACHI VANTARA LLC

SOFTWARE SUPPORT SERVICES

$153K

Details

EIN362021360
Subsection06
Ruling date1975-05
Formed1984
Employees127
Volunteers8
AMERICAN ASSOCIATION OF INSURANCE SERVICES — Mission, Financials & Grants Received | Grantivo