Insurance Information Institute Releases Its 2022 Annual Report

For Immediate Release

Contact: Michael Barry, 917-923-8245, michaelb@iii.org

NEW YORK, Feb. 2, 2023—The Insurance Information Institute (Triple-I) illustrates in its just-published 2022 Annual Report the organization’s accomplishments during its second full year as an affiliate of The Institutes.

“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,” stated Sean Kevelighan, CEO, Triple-I, in his Annual Report letter. 

Kevelighan noted Triple-I delivered data-driven insights on five key industry issues in 2022: 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.

“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,” said Jennifer Kyung, Property & Casualty, Chief Underwriter, USAA, and the first woman ever elected chair of Triple-I’s Executive Leadership Committee (ELC), in her Annual Report letter.  “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.”

The Triple-I’s 2022 digital Annual Report highlights how its website attracted more than 500,000 visitors per month last year;  substantial growth in the number of its social media channel followers;  80-plus presentations its subject matter experts delivered throughout the year; and the leading industry figures Triple-I drew  to its annual Joint Industry Forum in New York City in December. 

Moreover, Triple-I 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 that sell 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.

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Video:  Sean Kevelighan, CEO, Insurance Information Institute, discusses 2022’s Annual Report