2022 Annual Report: Insurance Information Institute’s Accomplishments
The Insurance Information Institute (Triple-I) announced in a press release on February 2, 2022, the availability of its just-published 2022 Annual Report. A link to the illustrated twelve-page report is below.
The report identifies the organization’s accomplishments during its second full year as an affiliate of The Institutes.
Sean Kevelighan, CEO of Triple-I in his letter in the Annual Report, stated that “To meets its mission, Triple-I has established a reputation for managing news cycles and earned credibility with major news outlets. No matter what is in the headlines, we also proactively inform and empower consumers, and the industry, by disseminating information on topical insurance and risk management issues.”
During 2022, Mr. Kevelighan noted Triple-I delivered data-driven insights on five key industry issues: climate risk resilience; cyber insurance; diversity, equity, and inclusion (DEI) in the insurance industry; insurance economics and public policy; and legal system abuse and fraud.
Like Mr. Kevelighan, Jennifer Kyung, Property & Casualty, Chief Underwriter, USAA, and the first woman ever elected chair of Triple-I’s Executive Leadership Committee (ELC) stated in her “A message from the Triple-I Chairwoman” that “The Insurance Information Institute is the go-to resource for consumers, media outlets, and industry professionals seeking useful insurance information, so I appreciated the opportunity this year to help Triple-I continue to do its essential work.”
Ms. Kyung also called for the insurance industry to support Triple-I. “Like USAA, Triple-I is a mission-driven organization, and its value proposition is clear. Triple-I offers data, insights, and credibility you cannot find anywhere else. If you’re in the insurance industry, it benefits all of us when we support Triple-I as member companies.”
Triple-I’s 2022 digital Annual Report highlights that its website attracted more than 500,000 visitors per month last year, experienced substantial growth in the number of its social media channel followers and hosted 80-plus presentations from insurance subject matter experts throughout the calendar year 2022. Also, Triple-I annual Joint Industry Forum in New York City in December brought industry leaders to discuss climate risk, cyber insurance, the insurance industry’s focus on diversity, equity, and inclusion (DEI), public policy affecting insurance economics, abuse of the legal system, and insurance fraud.
According to Triple-I’s Annual Report, it was one of the primary sources of insurance information for the media and the public in the aftermath of Hurricane Ian, which made two landfalls in the U.S. in late September 2022. Triple-I was also a leading national source on the Florida home insurance crisis. The Annual Report links to some of the higher-profile media stories in which Triple-I was cited.
The Triple-I’s diverse membership accounts for nearly 50 percent of all property/casualty (P/C) premiums written in the U.S. Members include mutual and stock companies selling both personal and commercial lines insurance coverage. Reinsurers also are Triple-I members. These insurers and reinsurers have regional, national, and international customers. Brokers, agents, consultants, educators, and other insurance industry professionals are among Triple-I’s associate members.
Founded in 1960, the Insurance Information Institute finalized its affiliation with The Institutes in November 2020.
The Insurance Information Institute description of its mission from its website
With more than 60 insurance company members — including regional, super-regional, national and global carriers — we are #1 online source for insurance information. Our website, blog and social media channels offer a wealth of data-driven research studies, white papers, videos, articles, infographics and other resources solely dedicated to explaining insurance and enhancing knowledge.
Unlike other sources, our sole focus is creating and disseminating information to empower consumers. We neither lobby nor sell insurance. We provide objective, fact-based information about insurance – information that is rooted in economic and actuarial soundness.
If your business, organization, or educational institution is interested in membership with the Triple-I, please visit iiimembership.org.
We are affiliated with The Institutes Risk and Insurance Knowledge Group. Together, we seek to make a difference in society and in the lives of individuals, families and businesses by providing knowledge, education, resources, thought leadership and global collaboration on risk management and insurance.
Access the Triple-I’s 2022 Annual Report by this link
Insurance Information Institute 2022 Annual Report
