The AIDA Reinsurance and Insurance Arbitration Society, ARIAS·U.S. is a not-for-profit corporation that promotes improvement of the insurance and reinsurance arbitration process for the international and domestic markets. Founded in 1994, ARIAS·U.S. provides initial training and continuing in-depth conferences and workshops in the skills necessary to serve effectively on an insurance/reinsurance arbitration panel. In addition, ARIAS·U.S. certifies a pool of qualified arbitrators and serves as a resource for parties involved in a dispute to find the appropriate persons to resolve the matter in a professional, knowledgeable and cost-effective manner.
By setting forth both ethical and procedural guidelines and best practices for arbitrators, ARIAS·U.S. aims to reduce costs, streamline processes, curtail unnecessary discovery proceedings and realize the fair resolution of disputes.
To help ensure appropriate representation and balance of viewpoints, the Board of Directors of ARIAS·U.S. is comprised of current and former senior executives from reinsurers, insurers, and attorneys in private practice, some of whom are experienced arbitrators.
The ARIAS·U.S. Board of Directors and members act as an insurance think-tank for procedural issues involving the insurance/reinsurance arbitration arena - developing alternative contract language designed to streamline the arbitration process and proposing solutions to intractable problems in insurance arbitrations. ARIAS·U.S. is an appropriate reaction to changing industry conditions. The ongoing demand for reinsurance arbitrations requires a well-trained cadre of qualified arbitrators.
The Association Internationale de Droit des Assurances (AIDA) is an international organization of attorneys, professors, regulators, and others who are interested in international or comparative aspects of insurance law and regulation. Founded in Europe in 1960, AIDA has grown to an association of some 50 national chapters throughout the world dedicated to enhancing the understanding and workings of international insurance law. Under the auspices of AIDA came the formation of the New York-based ARIAS·U.S., which in March of 2014 totaled 309 individual members and 113 corporate memberships, consisting of 556 designated corporate representatives.