Insurance Information Institute Releases Its 2021 Annual Report

The Insurance Information Institute (Triple-I) chronicles in its just-published 2021 Annual Report the Triple-I’s accomplishments during its first full year as an affiliate of The Institutes.

‘Beyond record level media metrics in traditional and digital channels, in 2021 we appointed our first-ever Chief Insurance Officer, launched a Resilience Ratings product, and unveiled an Insurance Economics Dashboard and Quarterly Outlook to highlight the relationship between broad economic trends and the insurance industry’s financial performance,’ said Sean Kevelighan, CEO, Triple-I. ‘We closed out 2021 with our first in-person Joint Industry Forum since January 2020. Industry leaders gathered in New York City in early December to share insights, network and hear how the industry has successfully navigated the pandemic.’

The Triple-I’s 2021 digital Annual Report offers links to last year’s Triple-I Issues Briefs and White Papers. It also includes a brief video highlighting how the Triple-I informed 2021’s media coverage on events which impacted policyholders and insurers across the U.S. In addition, the Triple-I last year marked the anniversaries of the Joplin, Mo., tornado (2011) and the Sylmar, Calif., earthquake (1971).

‘Just as we’ve done since Triple-I’s founding in 1960, we will continue in 2022 to give U.S. consumers the information they need to make educated decisions, manage risk, and appreciate the essential value of insurance,’ Kevelighan concluded.

The Triple-I’s diverse membership accounts for nearly 50 percent of all property/casualty (P/C) premiums written in the U.S., including seven of the top 10 P/C insurers. Its members include mutual and stock insurance companies, sellers of personal and commercial lines, and primary insurers as well as reinsurers. Brokers, agents, consultants, educators, and other insurance professionals are among the Triple-I’s associate members.

While much of the Triple-I’s editorial content is available on its consumer-focused public website, which generates an average of more than 500,000 monthly page views, Triple-I members have exclusive access starting this year to an all-digital Insurance Facts product. Formerly titled the Insurance Fact Book, Insurance Facts offers details on auto, homeowners, and business insurance markets, from data on direct premiums written to the factors impacting the cost of these coverages. Moreover, there is voluminous information in Insurance Facts on the life/annuity industry.

The Insurance Information Institute finalized its affiliation with The Institutes in November 2020.