2024-05-09T13:54:31-05:00 2023-06-30 363168081 SIKICH LLP 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2022-07-01 362021360 AMERICAN ASSOCIATION OF INSURANCE SERVICES AMER 6306818347 701 WARRENVILLE ROAD 101 LISLE IL 60532 CHRISTOPHER D BUNCH CFO 6306818347 2024-05-07 1 CHRISTOPHER BUNCH 999009999 1 HEATHER BONIFAS CPA P01711657 6305668400 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WERNER KRUCK 701 WARRENVILLE ROAD 101 LISLE IL 60532 33603543 0 X AAISONLINE.COM OR AAIS.ORG X 1984 DE TO PROMOTE THE INTERESTS OF AFFILIATED AND ORGANIZED GROUPS OF INSURANCE COMPANIES. 9 8 119 10 0 0 0 0 23784810 25929573 212119 144018 0 0 23996929 26073591 0 0 0 0 14423285 17992993 0 0 0 8083076 9009070 22506361 27002063 1490568 -928472 24837464 29082082 15181511 19305384 9655953 9776698 X TO PROMOTE THE COMMON BUSINESS INTERESTS OF AFFILIATED INSURANCE COMPANIES AND ORGANIZED GROUPS OF INSURANCE COMPANIES. 0 0 AAIS IS AN ADVISORY ORGANIZATION AND A STATISTICAL AGENT WORKING ON BEHALF OF 759 PROPERTY AND CASUALTY INSURANCE COMPANIES. AAIS DEVELOPS, MAINTAINS AND UPDATES MANUALS OF RULES AND RATING PROCEDURES FOR APPROXIMATELY 38 INSURANCE PROGRAM LINES AND FILES THOSE PROGRAMS WITH ALL STATE INSURANCE DEPARTMENTS ON BEHALF OF OUR MEMBER COMPANIES. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, AAIS MADE OVER 1050 FILINGS WITH INSURANCE DEPARTMENTS TO ADDRESS PRODUCT UPDATES AND REVISIONS, AS WELL AS EVOLVING REGULATORY COMPLIANCE ISSUES. 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, 2023, AAIS PROCESSED APPROXIMATELY 8,500,000 CLAIMS RECORDS WITH TOTAL LOSS ESTIMATES OF APPROXIMATELY $33.4 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, 2023. 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, 2023, AAIS DISTRIBUTED ALMOST 600 RELATED BULLETINS TO MEMBER COMPANIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, AAIS CONTINUED DEVELOPMENT OF THE OPENIDL (OPEN INSURNACE DATA LINK) PLATFORM. OPENIDL IS AN OPEN BLOCKCHAIN NETWORK BUILT ON THE IBM BLOCKCHAIN PLATFORM ON THE OPEN SOURCE HYPERLEDGER FABRIC AND IS DESIGNED TO STREAMLINE REGULATORY REPORTING AND PROVIDE NEW INSIGHTS FOR INSURERS, WHILE ENHANCING TIMELINESS, ACCURACY AND VALUE FOR REGULATORS. OPENIDL HELPS ENABLE THE EFFICIENT, SECURED AND PERMISSION-BASED COLLECTION AND SHARING OF STATISTICAL DATA. OPENIDL ALSO UTILIZES MULTICLOUD CAPABILITIES GIVING MEMBERS THE FLEXIBILITY TO DEPLY THE BLOCKCHAIN NETWORK ON THE COULD INTRASTRUCTURE OF THEIR CHOOSING. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 119 1 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X CHRISTOPHER D BUNCH 6304573281 701 WARRENVILLE ROAD 101 LISLE IL 60532 EDMUND KELLY PRESIDENT AND CEO 40.00 X X 1129382 0 23318 DAVID KAUFMAN DIRECTOR 1.00 X X 0 0 0 DAVID DUCLOS DIRECTOR 1.00 X X 0 0 0 BRUCE KELLY DIRECTOR 1.00 X 0 0 0 ROSS FISHER DIRECTOR 1.00 X 0 0 0 WERNER E KRUCK DIRECTOR 1.00 X 0 0 0 RANDY SHAW DIRECTOR 1.00 X 0 0 0 JILL KELLY DIRECTOR 1.00 X 0 0 0 KEITH WOLFE DIRECTOR 1.00 X 0 0 0 JOAN ZERKOVICH SVP 40.00 X 699473 0 23928 TERESA WESTCOTT VP-LEGAL & COMPLIANCE 40.00 X 427654 0 16743 MICHAEL PAYNE VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI 40.00 X 333277 0 25420 JOHN KADOUS VICE PRESIDENT OF PRODUCTS 40.00 X 359959 0 32757 KEN SAYERS VICE PRESIDENT OF TECHNOLOGY 40.00 X 243357 0 31386 JOHN GREENE DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 X 342489 0 15077 KAREN SHERIDAN DIRECTOR OF HUMAN RESOURCES 40.00 X 229300 0 18291 NICOLE MILOS DIRECTOR OF LEGAL 40.00 X 208646 0 28778 3973537 0 215698 56 0 1 0 0 MEMBERSHIP DUES 541900 25707098 25707098 FORMS, MANUALS AND OTHER 541900 222475 222475 25929573 90280 90280 7583690 7529952 53738 53738 53738 26073591 25929573 0 144018 1750371 13823322 618025 859141 942134 47243 300139 125943 319410 4626784 416473 488951 261850 1044089 175258 EQUIPMENT RENTAL, MAINT 599572 LICENSES AND FILING FEE 383946 DUES & SUBSCRIPTIONS 219412 27002063 17172578 10846444 1395184 12845426 291870 149952 1645613 1014612 11687848 8976120 3755817 2711728 576402 697726 0 816194 24837464 29082082 3945132 4083672 9697551 13550398 1538828 1671314 15181511 19305384 X 9655953 9776698 9655953 9776698 24837464 29082082 X -928472 209542 839675 X 0 1 X 1 0 1 0 1 0 898788 513148 385640 10789060 8462972 2326088 2711728 DEFERRED COMPENSATION LIABILITY 694258 OPERATING LEASE LIABILITIES 977056 1671314 X 26283133 209542 209542 26073591 0 26073591 27002063 0 27002063 0 27002063 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE ASSOCIATION'S 2021, 2020, AND 2019 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATIONS BY THE TAXING AUTHORITIES. 1 X X X X 0 0 0 EDMUND KELLY PRESIDENT AND CEO 600000 0 529382 0 0 0 18300 0 5018 0 1152700 0 0 0 JOAN ZERKOVICH SVP 409462 0 290011 0 0 0 18300 0 5628 0 723401 0 0 0 TERESA WESTCOTT VP-LEGAL & COMPLIANCE 286308 0 141346 0 0 0 16524 0 219 0 444397 0 0 0 JOHN KADOUS VICE PRESIDENT OF PRODUCTS 258100 0 101859 0 0 0 16279 0 16478 0 392716 0 0 0 MICHAEL PAYNE VICE PRESIDENT OF ACTUARIAL SERVICES 273077 0 60200 0 0 0 18300 0 7120 0 358697 0 0 0 JOHN GREENE DIRECTOR OF MARKETING & COMMUNICATIO 231939 0 110550 0 0 0 14858 0 219 0 357566 0 0 0 KEN SAYERS VICE PRESIDENT OF TECHNOLOGY 199842 0 43515 0 0 0 14601 0 16785 0 274743 0 0 0 KAREN SHERIDAN DIRECTOR OF HUMAN RESOURCES 162839 0 66461 0 0 0 12672 0 5619 0 247591 0 0 0 NICOLE MILOS DIRECTOR OF LEGAL 183197 0 25449 0 0 0 12519 0 16259 0 237424 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AMERICAN ASSOCIATION OF INSURANCE SERVICES' FORM 990 WAS PREPARED ON BEHALF OF THE ASSOCIATION BY SIKICH LLP WHO ALSO SERVE AS THE ASSOCIATION'S INDEPENDENT AUDITORS. THE ASSOCIATION'S DIRECTOR OF FINANCE AND ACCOUNTING, SARA SANDUSKY, PROVIDED INPUT AND EXPLANATIONS TO THE PREPARERS REGARDING VARIOUS INFORMATION REQUESTED ON FORM 990 AND SCHEDULES. IN ADDITION, THIS INDIVIDUAL HAS REVIEWED THE ANSWERS TO ALL LINES AND QUESTIONS ON THE PREPARED FORM 990 AND SCHEDULES PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UPON ELECTION TO THE BOARD, NEW DIRECTORS RECEIVE A COPY OF THE ASSOCIATION'S CONFLICT OF INTEREST POLICY AS WELL AS A COPY OF THE ASSOCIATION'S CONFLICT OF INTEREST DISCLOSURE FORM WHICH THEY MUST COMPLETE. THEREAFTER, THEY ARE REQUESTED TO COMPLETE AND SUBMIT A NEW FORM ONLY IF THERE IS A CHANGE IN THE BOARD MEMBER'S CIRCUMSTANCES WITH REGARD TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE ASSOCIATION'S BOARD OF DIRECTORS COLLECTIVELY REVIEW AND DETERMINE THE COMPENSATION OF THE ASSOCIATION'S PRESIDENT AND CEO ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ASSOCIATION'S OFFICES IN LISLE, ILLINOIS. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 839,675.