LISLE, IL., August 3, 2022 — The American Affiliation of Insurance coverage Providers (AAIS) and the Linux Basis welcome Jefferson Braswell as the brand new Government Director of the openIDL Undertaking.
“AAIS is happy in regards to the enlargement of openIDL within the insurance coverage area and the addition of Jefferson as Government Director alerts much more power and momentum to the fast-developing challenge,” mentioned Ed Kelly, AAIS Government Director. “We’re pleased to proceed to work with the Linux Basis to assist have an effect on significant, constructive change for the insurance coverage ecosystem.”
“openIDL is a Linux Basis Open Governance Community and the primary of its sort within the insurance coverage trade,” mentioned Daniela Barbosa, Common Supervisor of Blockchain, Healthcare and Identification on the Linux Basis. “It leverages open supply code and neighborhood governance for goal transparency and accountability amongst individuals with robust government management serving to shepherd this kind of open governance networks. Jeff Braswell’s background and expertise in monetary requirements initiatives and consortium constructing aligns very properly with openIDL’s subsequent development and enlargement interval.“
Braswell has been efficiently offering modern enterprise options for information-intensive enterprises for over 30 years. As a founding Director, he not too long ago accomplished a 6-year time period on the Board of the World Authorized Entity Identifier Basis (GLEIF), the place he chaired the Know-how, Operations and Requirements Committee. He’s additionally the Chair of the Algorithmic Contract Sorts Unified Requirements Basis (ACTUS), and he has actively participated in worldwide monetary information requirements initiatives.
Beforehand, as Co-Founder and President of Berkeley-based Danger Administration Applied sciences (RMT), Braswell designed and led the profitable implementation of superior, firm-wide threat administration options built-in with enterprise-wide information administration instruments. They have been utilized by most of the world’s largest monetary establishments, together with Wells Fargo, Credit score Suisse, Chase, PNC, Sumitomo Mitsui Banking Company, Mellon, Wachovia, Union Financial institution and ANZ.
“We recognize the inspiration that AAIS laid for openIDL, and I stay up for bringing my experience and data to progress this challenge ahead,” shared Braswell. “Persevering with the work with the Linux Basis to positively influence insurance coverage providers by means of open-source know-how is thrilling and can absolutely change the trade for the higher transferring ahead.”
openIDL, an open supply, distributed ledger platform, infuses effectivity, transparency and safety into regulatory reporting. With openIDL, insurers fulfill necessities whereas retaining the privateness of their information. Regulators have the transparency and insights they want, once they want them. Initially developed by AAIS, expressly for its Members, openIDL is now being additional superior by the Linux Basis as an open-source ecosystem for your entire insurance coverage trade.
ABOUT AAIS
Established in 1936, AAIS serves the Property & Casualty insurance coverage trade as the one nationwide nonprofit advisory group ruled by its Member insurance coverage carriers. AAIS delivers tailor-made advisory options together with best-in-class coverage varieties, score info and information administration capabilities for industrial strains, inland marine, farm & agriculture and private strains insurers. Its consultative strategy, unmatched customer support and trendy technical capabilities underscore a centered dedication to the success of its members. AAIS additionally serves because the administrator of openIDL, the insurance coverage trade’s regulatory blockchain, offering unbiased governance inside present insurance coverage regulatory frameworks. For extra details about AAIS, please go to www.aaisonline.com.
ABOUT THE LINUX FOUNDATION
Based in 2000, the Linux Basis and its tasks are supported by greater than 2,950 members. The Linux Basis is the world’s main dwelling for collaboration on open supply software program, {hardware}, requirements, and information. Linux Basis tasks are essential to the world’s infrastructure together with Linux, Kubernetes, Node.js, ONAP, Hyperledger, RISC-V, and extra. The Linux Basis’s methodology focuses on leveraging greatest practices and addressing the wants of contributors, customers, and answer suppliers to create sustainable fashions for open collaboration. For extra info, please go to us at https://linuxfoundation.org.
ABOUT openIDL
openIDL (open Insurance coverage Knowledge Hyperlink) is an open blockchain community that streamlines regulatory reporting and gives new insights for insurers, whereas enhancing timeliness, accuracy, and worth for regulators. openIDL is the primary open blockchain platform that permits the environment friendly, safe, and permissioned-based assortment and sharing of statistical information. For extra info, please go to www.openidl.org.
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MEDIA CONTACT:
AAIS
John Greene
Director – Advertising and marketing & Communications
630.457.3238
johng@AAISonline.com
Linux Basis
Dan Whiting
Director of Media Relations and Content material
202-531-9091
dwhiting@linuxfoundation.org
