Innovation in the insurance industry is progressing each day. The Fintech boom will disrupt insurance just as it has other parts of financial services. Anticipating and being at the fore of this innovation is what this presentation is about.
Part 7 claims procedure guide - motor vehicle insuranceOptimuminsurance
A motor vehicle claim form or verbal advice should be provided as soon as practical to your insurer broker or insurer. A quotation for repair is generally required. Some insurers have repair centres so if you are unsure where to take your vehicle to obtain a quote, they can assist you with either providing details of one of their preferred repairers or if they have an assessment centre, you can take your vehicle their and they will look after the repair process.
Profit and loss account of banking companiesAnand Saran
The document outlines the key components of a profit and loss account for banking companies in India. It discusses that a profit and loss account summarizes revenues, costs, and expenses over a financial year to calculate profit or loss. It then describes the various schedules that make up a bank's profit and loss account, including interest earned and expended, other income, and operating expenses. The profit or loss is then appropriated to reserves, dividends, or transferred to the balance sheet.
The document provides an introduction to various concepts in insurance including the life insurance contract, principles of insurance, utmost good faith, insurable interest, and different types of insurance policies like term insurance, whole life insurance, endowment policies, and annuities. It explains that a life insurance contract is a valid legal agreement between the insurer and insured where the insurer agrees to pay claims on the happening of an insured event in exchange for premiums paid by the insured.
Mortgage Pledge Hypothetication Lien Charge(1st and 2nd Charge) Fixed & float...Study Guide Pro
This PPT is for BMS and Banking student . It consist of following Terms with suitable example.
Mortgage
Pledge
Hypothetication
Lien
Charge(1st and 2nd Charge)
Fixed & floating charge
Pari passu
PlR
Margin money
The document discusses the roles and responsibilities of merchant bankers in India according to SEBI regulations. Key points:
- Merchant bankers are regulated by SEBI and involved in public issues, rights issues, open offers, and buybacks.
- They must meet requirements for capital, staffing, experience, and qualifications.
- As lead managers, they perform key functions like pricing issues, marketing, and preparing offer documents.
- Post-issue, they monitor allotments and refunds, file reports, and ensure investor grievances are addressed.
This document discusses different types of collateral security that can be used to secure loans. It defines collateral security as property or other assets offered by a borrower to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral. The document provides examples of acceptable collateral like cash, securities, land, buildings, and personal guarantees. It discusses the advantages and disadvantages of different types of collateral security and how they can help mitigate risk for the lender.
Part 7 claims procedure guide - motor vehicle insuranceOptimuminsurance
A motor vehicle claim form or verbal advice should be provided as soon as practical to your insurer broker or insurer. A quotation for repair is generally required. Some insurers have repair centres so if you are unsure where to take your vehicle to obtain a quote, they can assist you with either providing details of one of their preferred repairers or if they have an assessment centre, you can take your vehicle their and they will look after the repair process.
Profit and loss account of banking companiesAnand Saran
The document outlines the key components of a profit and loss account for banking companies in India. It discusses that a profit and loss account summarizes revenues, costs, and expenses over a financial year to calculate profit or loss. It then describes the various schedules that make up a bank's profit and loss account, including interest earned and expended, other income, and operating expenses. The profit or loss is then appropriated to reserves, dividends, or transferred to the balance sheet.
The document provides an introduction to various concepts in insurance including the life insurance contract, principles of insurance, utmost good faith, insurable interest, and different types of insurance policies like term insurance, whole life insurance, endowment policies, and annuities. It explains that a life insurance contract is a valid legal agreement between the insurer and insured where the insurer agrees to pay claims on the happening of an insured event in exchange for premiums paid by the insured.
Mortgage Pledge Hypothetication Lien Charge(1st and 2nd Charge) Fixed & float...Study Guide Pro
This PPT is for BMS and Banking student . It consist of following Terms with suitable example.
Mortgage
Pledge
Hypothetication
Lien
Charge(1st and 2nd Charge)
Fixed & floating charge
Pari passu
PlR
Margin money
The document discusses the roles and responsibilities of merchant bankers in India according to SEBI regulations. Key points:
- Merchant bankers are regulated by SEBI and involved in public issues, rights issues, open offers, and buybacks.
- They must meet requirements for capital, staffing, experience, and qualifications.
- As lead managers, they perform key functions like pricing issues, marketing, and preparing offer documents.
- Post-issue, they monitor allotments and refunds, file reports, and ensure investor grievances are addressed.
This document discusses different types of collateral security that can be used to secure loans. It defines collateral security as property or other assets offered by a borrower to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral. The document provides examples of acceptable collateral like cash, securities, land, buildings, and personal guarantees. It discusses the advantages and disadvantages of different types of collateral security and how they can help mitigate risk for the lender.
Financial intermediaries include stock exchanges, the Over-the-Counter Exchange of India, the Securities and Exchange Board of India, derivatives, and money market mutual funds. Stock exchanges provide a platform for trading securities while the Securities and Exchange Board of India regulates the securities market in India. Derivatives derive their value from underlying assets and are used for hedging risk or obtaining leverage. Money market mutual funds invest in short-term money market instruments to preserve principal.
This document provides an overview of the insurance industry in Bangladesh. It discusses the history and development of insurance in the country, including the nationalization of insurance companies in 1972. It then lists the top 12 insurance companies in Bangladesh and describes their founding and focus. Finally, it outlines the functions of insurance companies, including pooling funds from policyholders to pay claims and providing long-term savings opportunities.
This document discusses online trading in securities in India. It begins by defining online trading as placing orders through internet trading platforms offered by broker members. It then outlines some key advantages like lower fees, more flexibility and control, avoiding brokerage bias, and access to online tools. Potential disadvantages discussed include risk of over-trading too quickly, lack of personal broker relationships, addictive nature, and internet dependency. The document also covers the process of online trading including selecting a broker, opening a demat account, order placement, order execution, and settlement.
A digital wallet allows users to store payment and loyalty card information electronically rather than physically. It authenticates users and facilitates contactless payment using technologies like near field communication (NFC). Digital wallets provide advantages over physical wallets like convenience, flexibility, and safety. While systems issues, security concerns, and user experience challenges remain, major companies are developing digital wallet applications that can be used to pay at retail locations and transfer funds between individuals.
This document provides an overview of life insurance underwriting. It defines life insurance and explains that underwriters assess risks, decide whether to accept risks, determine coverage terms and calculate premiums. Underwriters consider factors like medical history, occupation, habits and family history. They make decisions to accept risks at standard or substandard rates, call for more information or decline coverage. Risks are evaluated based on criteria like age, sex, weight and medical impairments. Extra risks may be rated using methods like fixed monetary extras, age additions or temporary/permanent rating combinations.
The document discusses Know Your Customer (KYC) norms in India. It provides an overview of KYC, including what KYC is, its objectives, types of KYC like C-KYC and e-KYC, key requirements and criteria, documents required from customers, and risks of non-compliance. It also outlines the steps taken by the Reserve Bank of India to ensure proper implementation of KYC policies across banks and financial institutions in India.
1. The document outlines details of various certification tests and modules offered by the National Institute of Securities Markets.
2. It provides information on 27 tests/modules including the name, fees, duration, number of questions, marks, pass percentage and certificate validity.
3. The tests cover a wide range of topics related to financial markets including derivatives, mutual funds, banking, debt markets, investment analysis and more.
Kotak Mahindra Bank provides custodial services including safekeeping of securities, processing of corporate actions like dividends and bonuses, foreign exchange services, proxy voting, compliance monitoring, transaction settlement, and customized reporting. As one of India's leading private banks, it has over 30 years of experience in financial services and capital markets. Its custody services are aimed at both domestic and foreign institutional investors investing in Indian debt and equity markets.
Digital Strategy in Banking: Thinking about the Customer Experience FirstFabio Mittelstaedt
Simple think is not enough anymore, you need to design think your new digital Bank. Re-invented services, different concepts and new business models. Rewired competition coming from digital garage start-ups from all over the world. And a completely reshaped customer experience in Banking designed from entrepreneurs and FinTech pioneers coming from all industries. All at remarkable speed. It’s safe to say that digital is disrupting banking, and not just unbundling products but building a new lifestyle and enhanced customer journey. So how can banks carry out the right digital strategy and an effective digital governance?
Banks should disrupt themselves and redefine their digital strategy for growth based on three imperatives for success:
1. Technology entrepreneur, to flex your platform with the mindset of a start-up;
2. Banking entrepreneur, to re-orient your business and drive an agile transformation;
3. Digital entrepreneur, to delight your customer with the perfect experience.
1-Organization of insurer
Consolidation means that the number of firms in the financial services industry has declined over time because of merger and acquisition.
Convergence means that financial institutions can now sell a wide variety of financial products that earlier were outside their core business area.
An effective organizational structure benefits a company by:
Responsibility
Authority
Accountability
Delegation
The Organization Chart :An organization chart also shows the company’s chain of command, or the structure of authority that flows downward in the organization from the higher levels to the lower levels.
Pyramidal Structure and Levels of Authority:The pyramidal structure illustrates that the authority in a company starts at the top with one person or a small group of people, Authority is then distributed through the chain of command to ever-larger numbers of people throughout out the company.
2- TYPES OF INSURERS ORGANIZATION
Insurance organizations are classified by basis of risk coverage [life, general,health, property, auto]. their agency system [independent, exclusive, direct selling]and formation from legal point of view – stock or mutual.
Stock insurers
Mutual insurers
Lloyd’s of London
Reciprocal exchanges
This presentation covers the current scenario of RPA industry, its imapct on BFSI Industry. It further covers the challenges, the myths, opportunities,benefits and future trends.
Directors and officers liability insurance policiesOptimuminsurance
(http://optimuminsurance.com.au/ProductsServices/ProfessionalRisksInsurance/DirectorsOfficersLiabilityInsurance.aspx) - Directors and Officers Liability Insurance provides protection for the personal assets of directors and officers by providing indemnity for loss arising from a claim as a result of a 'wrongful act' committed by them in the course of conducting their business.
Are you looking to enhance the client intake processes at your firm?
By automating repetitive tasks and streamlining communication channels, you can efficiently manage client inquiries, provide timely responses, and create a smooth experience for potential clients.
Join us for a live product walkthrough with Clio's product experts, Aamnah Izhar and Alice Wang, as they showcase how to:
Leverage text messaging and automated emails for seamless communication
Streamline and log communications for efficient tracking
Integrate Clio Grow with MailChimp to optimize client engagement
Plus, you'll learn how to unlock the full power of Clio, and achieve seamless firm management, by syncing Clio Grow and Clio Manage.
Consumer finance refers to granting credit to consumers to purchase goods for everyday use through installment plans. There are different types of consumer credit like revolving credit (credit cards), fixed credit (loans), and cash loans. Sources of consumer finance include traders, commercial banks, credit card companies, NBFCs, and credit unions. Factors driving demand for consumer finance are increasing income, installment payment plans, and growth in households. Products covered include cars, appliances, and electronics. Terms of financing evaluate borrowers' income, employment, guarantees, interest rates, and fees. While consumer credit allows purchases and economic growth, it can also lead to overspending, insolvency, high costs, bad debts, and economic instability.
Insurance is a form of risk management used to hedge against uncertain losses by spreading risk among many. In India, the first life insurance company started in 1818 and the Insurance Act of 1938 first regulated the industry. The industry was nationalized in 1956 with the formation of LIC. Common insurance services include fire, marine, and other policies. Marketing involves product mixes, pricing based on risk, sales through agents and digital means, and promotions using various media. Emerging services include online payments, call centers, partnerships with banks, and customer relationship management.
The document outlines principles of sound lending for banks. The key principles discussed are safety, liquidity, profitability, purpose of the loan, diversification of risk, and national policies. Safety means ensuring the borrower has the capacity and willingness to repay the loan. Liquidity means making mostly short-term loans as banks deal in short-term funds. Profitability means employing funds profitably while maintaining safety and liquidity. The purpose of the loan should be productive to generate profits for repayment. Risk is reduced through diversifying loans across multiple borrowers rather than concentrating in one. National policies also guide bank lending decisions.
Gold loans allow individuals to borrow money using gold as collateral. Some key features of gold loans include being secured, having a short disbursal time, and providing a high loan-to-value ratio. Benefits include not having to sell gold during financial difficulties, no prepayment charges, and interest rates that depend on the amount pledged. Gold loan demand and growth has increased in India in recent years, particularly in rural areas, with commercial banks and NBFCs being major players. There is a strong correlation between growing gold demand and gold loan growth in India.
Bangladesh Income Tax hand note_Ranjan sir lecture details (updated in light...Md. Ibne Nayeem Hasan
Tax Hand Note of Bangladesh income tax ordinance 1984 based on Finance act 2015 and Ranjan sir lecture. this sheet will only cover Income tax ordinance and rules 1984.
Digital Financial Services for Financial InclusionJohn Owens
This presentation highlights some of the digital financial service trends, policy and regulatory issues and examples of digital financial services and the role it plays in financial inclusion in various countries in the Asia Pacific region.
This was the opening session of the panel on digital financial services and financial inclusion during the Asia Pacific Regional Forum on Universal Access and Services and Broadband Deployment 2015 in Bangkok, Thailand.
Information technology uses in insurance industrySujay Kumar
Purpose
Efficiency
Convenience
Information technologies' role in General Insurance
How Is Information Technology Used inLife Insurance?
Challenges Faced
What needs to be done?
IBM Solutions..
This document summarizes an insurance technology conference presentation about trends impacting the insurance industry. The presentation discusses how technologies like cloud computing, mobile computing, data analytics, and social media can help insurance companies adapt to an evolving landscape with new customer demands and regulatory pressures. These technologies enable opportunities to enhance customer service, launch new products and services, and lower costs through more flexible systems that allow for rapid change.
Financial intermediaries include stock exchanges, the Over-the-Counter Exchange of India, the Securities and Exchange Board of India, derivatives, and money market mutual funds. Stock exchanges provide a platform for trading securities while the Securities and Exchange Board of India regulates the securities market in India. Derivatives derive their value from underlying assets and are used for hedging risk or obtaining leverage. Money market mutual funds invest in short-term money market instruments to preserve principal.
This document provides an overview of the insurance industry in Bangladesh. It discusses the history and development of insurance in the country, including the nationalization of insurance companies in 1972. It then lists the top 12 insurance companies in Bangladesh and describes their founding and focus. Finally, it outlines the functions of insurance companies, including pooling funds from policyholders to pay claims and providing long-term savings opportunities.
This document discusses online trading in securities in India. It begins by defining online trading as placing orders through internet trading platforms offered by broker members. It then outlines some key advantages like lower fees, more flexibility and control, avoiding brokerage bias, and access to online tools. Potential disadvantages discussed include risk of over-trading too quickly, lack of personal broker relationships, addictive nature, and internet dependency. The document also covers the process of online trading including selecting a broker, opening a demat account, order placement, order execution, and settlement.
A digital wallet allows users to store payment and loyalty card information electronically rather than physically. It authenticates users and facilitates contactless payment using technologies like near field communication (NFC). Digital wallets provide advantages over physical wallets like convenience, flexibility, and safety. While systems issues, security concerns, and user experience challenges remain, major companies are developing digital wallet applications that can be used to pay at retail locations and transfer funds between individuals.
This document provides an overview of life insurance underwriting. It defines life insurance and explains that underwriters assess risks, decide whether to accept risks, determine coverage terms and calculate premiums. Underwriters consider factors like medical history, occupation, habits and family history. They make decisions to accept risks at standard or substandard rates, call for more information or decline coverage. Risks are evaluated based on criteria like age, sex, weight and medical impairments. Extra risks may be rated using methods like fixed monetary extras, age additions or temporary/permanent rating combinations.
The document discusses Know Your Customer (KYC) norms in India. It provides an overview of KYC, including what KYC is, its objectives, types of KYC like C-KYC and e-KYC, key requirements and criteria, documents required from customers, and risks of non-compliance. It also outlines the steps taken by the Reserve Bank of India to ensure proper implementation of KYC policies across banks and financial institutions in India.
1. The document outlines details of various certification tests and modules offered by the National Institute of Securities Markets.
2. It provides information on 27 tests/modules including the name, fees, duration, number of questions, marks, pass percentage and certificate validity.
3. The tests cover a wide range of topics related to financial markets including derivatives, mutual funds, banking, debt markets, investment analysis and more.
Kotak Mahindra Bank provides custodial services including safekeeping of securities, processing of corporate actions like dividends and bonuses, foreign exchange services, proxy voting, compliance monitoring, transaction settlement, and customized reporting. As one of India's leading private banks, it has over 30 years of experience in financial services and capital markets. Its custody services are aimed at both domestic and foreign institutional investors investing in Indian debt and equity markets.
Digital Strategy in Banking: Thinking about the Customer Experience FirstFabio Mittelstaedt
Simple think is not enough anymore, you need to design think your new digital Bank. Re-invented services, different concepts and new business models. Rewired competition coming from digital garage start-ups from all over the world. And a completely reshaped customer experience in Banking designed from entrepreneurs and FinTech pioneers coming from all industries. All at remarkable speed. It’s safe to say that digital is disrupting banking, and not just unbundling products but building a new lifestyle and enhanced customer journey. So how can banks carry out the right digital strategy and an effective digital governance?
Banks should disrupt themselves and redefine their digital strategy for growth based on three imperatives for success:
1. Technology entrepreneur, to flex your platform with the mindset of a start-up;
2. Banking entrepreneur, to re-orient your business and drive an agile transformation;
3. Digital entrepreneur, to delight your customer with the perfect experience.
1-Organization of insurer
Consolidation means that the number of firms in the financial services industry has declined over time because of merger and acquisition.
Convergence means that financial institutions can now sell a wide variety of financial products that earlier were outside their core business area.
An effective organizational structure benefits a company by:
Responsibility
Authority
Accountability
Delegation
The Organization Chart :An organization chart also shows the company’s chain of command, or the structure of authority that flows downward in the organization from the higher levels to the lower levels.
Pyramidal Structure and Levels of Authority:The pyramidal structure illustrates that the authority in a company starts at the top with one person or a small group of people, Authority is then distributed through the chain of command to ever-larger numbers of people throughout out the company.
2- TYPES OF INSURERS ORGANIZATION
Insurance organizations are classified by basis of risk coverage [life, general,health, property, auto]. their agency system [independent, exclusive, direct selling]and formation from legal point of view – stock or mutual.
Stock insurers
Mutual insurers
Lloyd’s of London
Reciprocal exchanges
This presentation covers the current scenario of RPA industry, its imapct on BFSI Industry. It further covers the challenges, the myths, opportunities,benefits and future trends.
Directors and officers liability insurance policiesOptimuminsurance
(http://optimuminsurance.com.au/ProductsServices/ProfessionalRisksInsurance/DirectorsOfficersLiabilityInsurance.aspx) - Directors and Officers Liability Insurance provides protection for the personal assets of directors and officers by providing indemnity for loss arising from a claim as a result of a 'wrongful act' committed by them in the course of conducting their business.
Are you looking to enhance the client intake processes at your firm?
By automating repetitive tasks and streamlining communication channels, you can efficiently manage client inquiries, provide timely responses, and create a smooth experience for potential clients.
Join us for a live product walkthrough with Clio's product experts, Aamnah Izhar and Alice Wang, as they showcase how to:
Leverage text messaging and automated emails for seamless communication
Streamline and log communications for efficient tracking
Integrate Clio Grow with MailChimp to optimize client engagement
Plus, you'll learn how to unlock the full power of Clio, and achieve seamless firm management, by syncing Clio Grow and Clio Manage.
Consumer finance refers to granting credit to consumers to purchase goods for everyday use through installment plans. There are different types of consumer credit like revolving credit (credit cards), fixed credit (loans), and cash loans. Sources of consumer finance include traders, commercial banks, credit card companies, NBFCs, and credit unions. Factors driving demand for consumer finance are increasing income, installment payment plans, and growth in households. Products covered include cars, appliances, and electronics. Terms of financing evaluate borrowers' income, employment, guarantees, interest rates, and fees. While consumer credit allows purchases and economic growth, it can also lead to overspending, insolvency, high costs, bad debts, and economic instability.
Insurance is a form of risk management used to hedge against uncertain losses by spreading risk among many. In India, the first life insurance company started in 1818 and the Insurance Act of 1938 first regulated the industry. The industry was nationalized in 1956 with the formation of LIC. Common insurance services include fire, marine, and other policies. Marketing involves product mixes, pricing based on risk, sales through agents and digital means, and promotions using various media. Emerging services include online payments, call centers, partnerships with banks, and customer relationship management.
The document outlines principles of sound lending for banks. The key principles discussed are safety, liquidity, profitability, purpose of the loan, diversification of risk, and national policies. Safety means ensuring the borrower has the capacity and willingness to repay the loan. Liquidity means making mostly short-term loans as banks deal in short-term funds. Profitability means employing funds profitably while maintaining safety and liquidity. The purpose of the loan should be productive to generate profits for repayment. Risk is reduced through diversifying loans across multiple borrowers rather than concentrating in one. National policies also guide bank lending decisions.
Gold loans allow individuals to borrow money using gold as collateral. Some key features of gold loans include being secured, having a short disbursal time, and providing a high loan-to-value ratio. Benefits include not having to sell gold during financial difficulties, no prepayment charges, and interest rates that depend on the amount pledged. Gold loan demand and growth has increased in India in recent years, particularly in rural areas, with commercial banks and NBFCs being major players. There is a strong correlation between growing gold demand and gold loan growth in India.
Bangladesh Income Tax hand note_Ranjan sir lecture details (updated in light...Md. Ibne Nayeem Hasan
Tax Hand Note of Bangladesh income tax ordinance 1984 based on Finance act 2015 and Ranjan sir lecture. this sheet will only cover Income tax ordinance and rules 1984.
Digital Financial Services for Financial InclusionJohn Owens
This presentation highlights some of the digital financial service trends, policy and regulatory issues and examples of digital financial services and the role it plays in financial inclusion in various countries in the Asia Pacific region.
This was the opening session of the panel on digital financial services and financial inclusion during the Asia Pacific Regional Forum on Universal Access and Services and Broadband Deployment 2015 in Bangkok, Thailand.
Information technology uses in insurance industrySujay Kumar
Purpose
Efficiency
Convenience
Information technologies' role in General Insurance
How Is Information Technology Used inLife Insurance?
Challenges Faced
What needs to be done?
IBM Solutions..
This document summarizes an insurance technology conference presentation about trends impacting the insurance industry. The presentation discusses how technologies like cloud computing, mobile computing, data analytics, and social media can help insurance companies adapt to an evolving landscape with new customer demands and regulatory pressures. These technologies enable opportunities to enhance customer service, launch new products and services, and lower costs through more flexible systems that allow for rapid change.
Computer Application in Insurance Industry of BangladeshFahim Rokon
Computer systems and software applications help insurance companies streamline operations and manage business more efficiently. Some key ways computers are used include:
1) Maintaining customer records and policy information in databases.
2) Performing complex calculations like risk assessments faster.
3) Generating documents like pay slips and statements more quickly.
However, implementing computer systems presented some challenges for insurance companies like employees resisting change, high costs, and lack of technical skills. Steps taken to address issues included training programs, hiring expert staff, developing suitable software, and making employees aware of computer benefits.
Mobile technology provides opportunities for insurance companies to improve efficiency and customer service. Key applications include mobile CRM to help agents access customer data from the field, mobile claims processing to speed up claims and reduce costs, and mobile content management to deliver location-based content to agents. Insurance companies are increasingly investing in these mobile solutions, with spending on mobile technology growing at an annual rate of 17.8%. To capitalize on the opportunity, companies should immediately launch basic mobile applications and aim to fully integrate mobile across their operations within 12-18 months.
The document discusses the importance of IT in the insurance industry. It notes that Aviva had 330 different IT systems in the UK alone. It then lists many current IT topics and trends relevant to insurance like business intelligence, cloud computing, customer relationship management, data security, and more. The document suggests insurance companies should view IT as both strategically and operationally important, and that a new entrant that harnesses IT well could gain a competitive advantage.
1. The document discusses the history and development of the insurance sector in India. It traces insurance in India back to 1818 and discusses key developments like nationalization of insurance in 1956 and privatization in 1999.
2. The roles, types (life, general, health etc.), and major players (both public and private) of insurance are described. It also compares the market share and business of public sector giant LIC versus private insurers.
3. Benefits of insurance planning and investment opportunities in insurance are highlighted. Laws and regulations governing the insurance sector in India are also briefly outlined.
Insurance 2020: How to prepare for digital shift & innovation in insuranceHCL Technologies
With the advent of digital disruption in eventually every business, insurance as an industry is getting embedded with technology at all stages. But with the pressure to balance both cost and business growth, there is an evident need for partnerships with the next-generation technology providers to share investments, build capabilities and outcome based models for collaboration.
When Gen Y is obsessed with “Why not”, Gen Z is growing up with a “Why not now” attitude. According to the Wiki, “Many members of Generation Z are highly “connected,” having had lifelong use of communication and media technology like the World Wide Web, instant messaging, text messaging, MP3 players, and mobile phones, earning them the nickname “digital natives”. This makes Gen Z expectation momentary or “Just-in-Time”. Considering this, what will Gen Z expect from insurance? Here are some thoughts on how it will impact an individual in 2020 and beyond
Read more about HCL’s offering for Insurance Industry at http://www.hcltech.com/financial-services/insurance-services
The document discusses the growing insurtech industry. It notes that insurance is an old-fashioned industry that is ripe for disruption through new technology. Insurtech startups are creating innovative new insurance products and services that are more customer-friendly. Examples are given of several prominent insurtech companies that are using approaches like behavioral pricing, usage-based policies, and robo-advisors to transform the insurance customer experience. The size and growth of the insurtech investment and industry are also discussed.
- Matteo Carbone is the founder of the Connected Insurance Observatory, which monitors insurance IoT developments. Over 45 organizations are members.
- Insurance IoT is about connecting insurance to people and risks using sensors to collect risk data and telematics to transmit the data for use in the insurance value chain (e.g. auto, health, property insurance).
- In Italy, telematics represents 16% of auto insurance contracts and 26 insurers offer telematics-based motor third party liability coverage. 65% of observatory members have seen a material impact of telematics on the auto insurance market.
An introduction to Insurtech. I gave this presentation to two of the main companies in the insurance sector in Italy.
Fabrizio Villani - mobile: 0034/631404975
email: fabriziovillani@hotmail.it
twitter: @FintechItalia
LinkedIn:https://es.linkedin.com/in/fabriziovillani
The insurance industry has remained much the same for more than 100 years, but over the past decade it has seen a number of exciting new innovations and new business models.
Insurance & strategies for promoting insurance product & servicesAnkit Gautam
This Ppt will give you all a Brief description of Insurance Sector its
Evolution, Services in Insurance Sector & Strategies for promoting Insurance products & Services in Market.
Insurance sector in India:challenges and opportunitiessumanjeetkaurgill
1) The document discusses the insurance sector in India, including its history and evolution from the 19th century to present day.
2) It covers the major players like LIC, GIC, and IRDA, and types of insurance policies including life, health, fire, and motor insurance.
3) The current insurance landscape in India is growing rapidly but there remains significant potential for further expansion, as over 75% of the population still lacks insurance coverage.
The Business Case for Robotic Process Automation (RPA)Joe Tawfik
This paper by Kinetic Consulting Services (www.kineticcs.com) outlines the business case for Robotic Process Automation (RPA). It examines the commercial and strategic aspects of RPA.
*adding English description
This slide is about the overview of a chatbot and a trend of the shift of "messenger as a platform" or "messenger as the new UI".
As Facebook unveiled that they opened their chatbot capability to the public at previous f8, a movement of chatbot (w/ AI) would be gaining traction. aligned with this, what would happen and/or what would impact on existing market.
f8を前にして、facebookの動きが色々と噂されているようだが、メッセンジャー周りの今の動きをまとめてみた。
特にbot x AIや"messenger as a platform"としての動きなど大きな流れに特化。詳細は追々やっていこうと思う。
The document discusses artificial text chatting machines (chatbots). It provides an overview of chatbots, including their history starting with ELIZA from 1966. Common approaches to developing chatbots include pattern matching and using the Artificial Intelligence Markup Language (AIML). The document outlines some challenges in developing human-like intelligence for chatbots and possibilities for future work, before concluding with a demonstration.
AI Agent and Chatbot Trends For EnterprisesTeewee Ang
This document discusses the growing trend of chatbots and artificial intelligence assistants. It notes that major tech entrepreneurs like Mark Zuckerberg and Elon Musk have expressed interest in AI. While Musk sees AI as a potential threat, Zuckerberg wants to create an AI assistant for home use. The document outlines how chatbots use technologies like natural language processing and machine learning. It provides examples of chatbots being used in applications like customer service, human resources, and scheduling. In conclusion, the document predicts that AI assistant and chatbot applications will continue growing in both enterprise and consumer spaces.
The document provides a detailed history of insurance beginning in ancient times. It discusses how early forms of insurance emerged in China, Babylon, and Persia to help communities cope with risks like shipwrecks or famines. Formal insurance contracts first appeared in 14th century Genoa and later spread to London. The Great Fire of London in 1666 spurred the development of fire insurance. The first insurance company in the US was established in Charleston, South Carolina in 1732 to provide fire insurance. Regulation of the insurance industry began in the 19th century at the state level. The document then provides milestones in the evolution of insurance in India and the nationalization of the life and general insurance sectors in India in 1956 and
How information systems are built or acquired puts information, which is what they should be about, in a secondary place. Our language adapted accordingly, and we no longer talk about information systems but applications. Applications evolved in a way to break data into diverse fragments, tightly coupled with applications and expensive to integrate. The result is technical debt, which is re-paid by taking even bigger "loans", resulting in an ever-increasing technical debt. Software engineering and procurement practices work in sync with market forces to maintain this trend. This talk demonstrates how natural this situation is. The question is: can something be done to reverse the trend?
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
The Microsoft 365 Migration Tutorial For Beginner.pptxoperationspcvita
This presentation will help you understand the power of Microsoft 365. However, we have mentioned every productivity app included in Office 365. Additionally, we have suggested the migration situation related to Office 365 and how we can help you.
You can also read: https://www.systoolsgroup.com/updates/office-365-tenant-to-tenant-migration-step-by-step-complete-guide/
Must Know Postgres Extension for DBA and Developer during MigrationMydbops
Mydbops Opensource Database Meetup 16
Topic: Must-Know PostgreSQL Extensions for Developers and DBAs During Migration
Speaker: Deepak Mahto, Founder of DataCloudGaze Consulting
Date & Time: 8th June | 10 AM - 1 PM IST
Venue: Bangalore International Centre, Bangalore
Abstract: Discover how PostgreSQL extensions can be your secret weapon! This talk explores how key extensions enhance database capabilities and streamline the migration process for users moving from other relational databases like Oracle.
Key Takeaways:
* Learn about crucial extensions like oracle_fdw, pgtt, and pg_audit that ease migration complexities.
* Gain valuable strategies for implementing these extensions in PostgreSQL to achieve license freedom.
* Discover how these key extensions can empower both developers and DBAs during the migration process.
* Don't miss this chance to gain practical knowledge from an industry expert and stay updated on the latest open-source database trends.
Mydbops Managed Services specializes in taking the pain out of database management while optimizing performance. Since 2015, we have been providing top-notch support and assistance for the top three open-source databases: MySQL, MongoDB, and PostgreSQL.
Our team offers a wide range of services, including assistance, support, consulting, 24/7 operations, and expertise in all relevant technologies. We help organizations improve their database's performance, scalability, efficiency, and availability.
Contact us: info@mydbops.com
Visit: https://www.mydbops.com/
Follow us on LinkedIn: https://in.linkedin.com/company/mydbops
For more details and updates, please follow up the below links.
Meetup Page : https://www.meetup.com/mydbops-databa...
Twitter: https://twitter.com/mydbopsofficial
Blogs: https://www.mydbops.com/blog/
Facebook(Meta): https://www.facebook.com/mydbops/
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...Alex Pruden
Folding is a recent technique for building efficient recursive SNARKs. Several elegant folding protocols have been proposed, such as Nova, Supernova, Hypernova, Protostar, and others. However, all of them rely on an additively homomorphic commitment scheme based on discrete log, and are therefore not post-quantum secure. In this work we present LatticeFold, the first lattice-based folding protocol based on the Module SIS problem. This folding protocol naturally leads to an efficient recursive lattice-based SNARK and an efficient PCD scheme. LatticeFold supports folding low-degree relations, such as R1CS, as well as high-degree relations, such as CCS. The key challenge is to construct a secure folding protocol that works with the Ajtai commitment scheme. The difficulty, is ensuring that extracted witnesses are low norm through many rounds of folding. We present a novel technique using the sumcheck protocol to ensure that extracted witnesses are always low norm no matter how many rounds of folding are used. Our evaluation of the final proof system suggests that it is as performant as Hypernova, while providing post-quantum security.
Paper Link: https://eprint.iacr.org/2024/257
"Choosing proper type of scaling", Olena SyrotaFwdays
Imagine an IoT processing system that is already quite mature and production-ready and for which client coverage is growing and scaling and performance aspects are life and death questions. The system has Redis, MongoDB, and stream processing based on ksqldb. In this talk, firstly, we will analyze scaling approaches and then select the proper ones for our system.
Essentials of Automations: Exploring Attributes & Automation ParametersSafe Software
Building automations in FME Flow can save time, money, and help businesses scale by eliminating data silos and providing data to stakeholders in real-time. One essential component to orchestrating complex automations is the use of attributes & automation parameters (both formerly known as “keys”). In fact, it’s unlikely you’ll ever build an Automation without using these components, but what exactly are they?
Attributes & automation parameters enable the automation author to pass data values from one automation component to the next. During this webinar, our FME Flow Specialists will cover leveraging the three types of these output attributes & parameters in FME Flow: Event, Custom, and Automation. As a bonus, they’ll also be making use of the Split-Merge Block functionality.
You’ll leave this webinar with a better understanding of how to maximize the potential of automations by making use of attributes & automation parameters, with the ultimate goal of setting your enterprise integration workflows up on autopilot.
Session 1 - Intro to Robotic Process Automation.pdfUiPathCommunity
👉 Check out our full 'Africa Series - Automation Student Developers (EN)' page to register for the full program:
https://bit.ly/Automation_Student_Kickstart
In this session, we shall introduce you to the world of automation, the UiPath Platform, and guide you on how to install and setup UiPath Studio on your Windows PC.
📕 Detailed agenda:
What is RPA? Benefits of RPA?
RPA Applications
The UiPath End-to-End Automation Platform
UiPath Studio CE Installation and Setup
💻 Extra training through UiPath Academy:
Introduction to Automation
UiPath Business Automation Platform
Explore automation development with UiPath Studio
👉 Register here for our upcoming Session 2 on June 20: Introduction to UiPath Studio Fundamentals: https://community.uipath.com/events/details/uipath-lagos-presents-session-2-introduction-to-uipath-studio-fundamentals/
5th LF Energy Power Grid Model Meet-up SlidesDanBrown980551
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
Your One-Stop Shop for Python Success: Top 10 US Python Development Providersakankshawande
Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
inQuba Webinar Mastering Customer Journey Management with Dr Graham HillLizaNolte
HERE IS YOUR WEBINAR CONTENT! 'Mastering Customer Journey Management with Dr. Graham Hill'. We hope you find the webinar recording both insightful and enjoyable.
In this webinar, we explored essential aspects of Customer Journey Management and personalization. Here’s a summary of the key insights and topics discussed:
Key Takeaways:
Understanding the Customer Journey: Dr. Hill emphasized the importance of mapping and understanding the complete customer journey to identify touchpoints and opportunities for improvement.
Personalization Strategies: We discussed how to leverage data and insights to create personalized experiences that resonate with customers.
Technology Integration: Insights were shared on how inQuba’s advanced technology can streamline customer interactions and drive operational efficiency.
[OReilly Superstream] Occupy the Space: A grassroots guide to engineering (an...Jason Yip
The typical problem in product engineering is not bad strategy, so much as “no strategy”. This leads to confusion, lack of motivation, and incoherent action. The next time you look for a strategy and find an empty space, instead of waiting for it to be filled, I will show you how to fill it in yourself. If you’re wrong, it forces a correction. If you’re right, it helps create focus. I’ll share how I’ve approached this in the past, both what works and lessons for what didn’t work so well.
Fueling AI with Great Data with Airbyte WebinarZilliz
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.