The New Jersey Automobile Insurance Risk Exchange holds periodic educational seminars to help member companies better understand the workings of the exchange.  The seminar includes a general overview of NJAIRE, its purpose, make up and history, a description of statutory reporting requirements, a presentation on data reporting and quality assurance and a description and explanation of the compliance audit process. 

The slide presentations from the seminar are linked below.

Click here for a brief overview of NJAIRE.  This presentation provides a brief history and description of the Exchange.

Click here for the Data Requirements and Reporting Presentation.  The Central Processor outlines the reporting requirements, discusses the potentially large financial impact data errors can have on companies, and provides helpful hints for data reviews that can help a company avoid these costs.  The data review worksheet is here.

Click here for a description of the Compliance audit process.  AIPSO, NJAIRE’s designated compliance auditor, gives a presentation describing the audit process and requirements, as well as the types of errors uncovered in actual completed audits.