Wed.Dec 27, 2023

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CIOs in financial services embrace gen AI — but with caution

CIO

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). Those same characteristics, however, reveal the risks AI pose to this sector. So business technology leaders in financial services are carefully navigating a path toward AI.

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Can AI Help Improve Credit Card Processing Fees?

Smart Data Collective

AI is a clear gamechanger in the financial sector. A number of credit card companies are finding novel ways to apply AI to streamline many of their processes and offer higher quality services to their customers.

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Going Deeper with Competitive Intelligence: Gartner, Forrester, IDC and Beyond

Aqute Intelligence

So, you seek comprehensive, insightful, and actionable competitive intelligence to outpace the competition. You're familiar with the industry titans – Gartner, Forrester, IDC – that provide a wealth of data and reports. You've likely seen their broad overviews, which outline the competitive landscape and give you some insight into who's in your niche.

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Forget p(Doom): Here’s How to Hold AI Accountable by Creating an Inference Economy

Dataversity

AI’s existential risk is no laughing matter: As much as the tech world tries to make sense of it all, nobody definitively knows whether the dystopian “control the world” hype is legit or just sci-fi. Before we even cross that bridge (real or not), however, we need to face a more immediate problem. We’re already […] The post Forget p(Doom): Here’s How to Hold AI Accountable by Creating an Inference Economy appeared first on DATAVERSITY.

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Are Your Impact Comms Resonating With Stakeholders?

Whether your organization is at the start of its sustainability and impact journey or years into it, many brands share a common concern: the uncertainty of whether they are sending stakeholders mixed messages. Creating content that speaks to your audience's “love language” can be a tricky dance. But, worry not! 3BL has put together tips to ensure that your content not only finds its rhythm but also resonates with your target audiences.

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Top 10 countries attracting international tech talent

CIO

Making an international move can be dauting — but moving for a new job can take some of the pressure off. Using your skills and expertise to land a job in another country can offer a unique opportunity to experience different cultures and travel, while maintaining your resume. And with tech talent in high demand around the world, enterprises are increasing efforts to recruit international tech talent and open tech hubs in foreign countries.

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Market for These Annuities Looks ‘Exceptionally Robust’: Equitable

Wink Intel

Robin Raju is helping a company that has been a pillar of the U.S. life insurance industry get its fame back. Raju is the chief financial officer at Equitable Holdings, the New York-based company founded in 1859 that operated relatively quietly from 1992 through 2018, when it was controlled by AXA of Paris. Click HERE to read the full story via Think Advisor The post Market for These Annuities Looks ‘Exceptionally Robust’: Equitable appeared first on Wink, Inc.

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7 Ways to Improve Your Website Bounce Rate and Boost Conversions

mention

Ever wondered why some websites thrive while others barely survive? The secret often lies in a metric known as ‘bounce rate.’ Imagine walking into a store, taking a quick look around, and immediately walking out. That’s kind of what happens when you have a high website bounce rate. It’s a sign visitors are coming, but not sticking around enough to convert.

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Alicia Munnell Praises DOL Rollover Rule, Blasts New Social Security 2100 Act

Wink Intel

Alicia Munnell, professor of management sciences at Boston College and director of its Center for Retirement Research, minces no words in her assessment of temporary benefit increases included in the newest proposed version of the Social Security 2100 Act. “It’s terrible,” she tells ThinkAdvisor in a recent interview. “That will cause dissatisfaction among workers who are entering the retirement phase. … [The act] is moving from a wonderful piece of legislation to a silly piece of legislation.

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Parent Problems Put AnnuityNet in Play

Wink Intel

AnnuityNet — a company that helped move about $98 billion in annuity premium payments in 2022 — could soon have a new home. Ebix, AnnuityNet’s Johns Creek, Georgia-based parent, has filed for Chapter 11 bankruptcy protection because of problems with gift card operations in India. Click HERE to read the full story via Think Advisor The post Parent Problems Put AnnuityNet in Play appeared first on Wink, Inc.

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7 Strategies to Gather (and Actually Use) Competitive Intel from Employees

Leaders in competitive intel know that the employees who interact with customers and prospects every day hold valuable competitive insights that could help win sales. But they don’t have a good plan or system to gather, organize, and share these insights with the stakeholders who need them. In this eBook, we outline 7 strategies to make it easier to build and scale an employee sharing program that will drive competitive advantage.

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AM Best Revises Outlooks to Negative for SILAC Insurance Company

Wink Intel

OLDWICK, N.J.–( BUSINESS WIRE )– AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of SILAC Insurance Company (SILAC) (Salt Lake City, UT). These Credit Ratings (ratings) reflect SILAC’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management (ERM).

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AM Best Affirms Credit Ratings of Brighthouse Financial, Inc. and Its Subsidiaries

Wink Intel

OLDWICK, N.J.–( BUSINESS WIRE )– AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of Brighthouse Life Insurance Company (headquartered in Charlotte, NC), New England Life Insurance Company (Boston, MA) and Brighthouse Life Insurance Company of NY (New York, NY).

IT 40
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Best’s Special Report: U.S. Life/Annuity Industry Posts 9.3% Increase in Total Income Through Nine-Month 2023 Period

Wink Intel

OLDWICK, N.J.–( BUSINESS WIRE )–The U.S. life/annuity industry reported a 9.3% increase in total income during the first nine months of 2023 compared with a year earlier, driven by growth in premium and annuity considerations, as well as net investment income, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report , “First Look: Nine-Month 2023 Life/Annuity Financial Results,” and the data is derived from companies’ nine-month 2023 inte

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AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries

Wink Intel

OLDWICK, N.J.–( BUSINESS WIRE )– AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon Ltd. (Bermuda) [NYSE: AEG]. Aegon Ltd.’s U.S. L/H companies are Transamerica Life Insurance Company (Cedar Rapids, IA) and Transamerica Financial Life Insurance Company (Harrison, NY) and referred to collectively as Aegon USA Group (Aegon USA).

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What Regulations Will Impact Sustainability Comms in 2024?

Navigating the waters of sustainability reporting disclosures and regulations can be intimidating, to say the least. With various measures set in motion in 2023 to keep companies accountable, there is a lot in store for brands’ impact communication in the upcoming year. 3BL is kicking off this January with our Navigating ESG Comms Through the Cosmos - Capricorn Edition by highlighting the impact of: The U.S Securities and Exchange Commission (SEC) Climate disclosure rules The European Commission

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Midwest Holding Inc. Completes Acquisition by Antarctica Capital

Wink Intel

LINCOLN, Neb. and NEW YORK , Dec. 21, 2023 /PRNewswire/ — Midwest Holding Inc. (“Midwest”) (NASDAQ: MDWT ), a technology-driven life and annuity platform, and Antarctica Capital (“ Antarctica “), an alternative asset management firm, today announced the completion of the acquisition of Midwest by an affiliate of Antarctica.

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Advisors May Have Little Power to Bridge the Annuity Divide

Wink Intel

The findings of a new research report point to both the promise and the peril of reliance on fiduciary financial professionals to guide clients to greater use of annuities. According to the analysis, advisors themselves tend not to recommend annuity purchases to their retirement clients, even as they broadly harbor concerns that some could run short of funds late in life.

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Annuities, Rollovers, and Access Dominate Debate Over DOL Fiduciary Proposal

Wink Intel

The Department of Labor held hearings with stakeholders on December 12 and 13 to further solicit public comment on its retirement security rule proposal. Also known as the fiduciary rule proposal, the proposed changes would replace the current five-point fiduciary test with one that applies fiduciary status to many one-time transactions, including rollovers to individual retirement accounts, annuity sales and qualified retirement plan investment menu design.

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The power of life insurance in enabling tomorrow’s wealth transfer

Wink Intel

Human beings are living longer and healthier lives. By 2050, the over-50 population will reach 3.2 billion, or 33% of the world’s total population, according to the United Nations. For individuals, increased longevity is good news. Click HERE to read the full story via INN The post The power of life insurance in enabling tomorrow’s wealth transfer appeared first on Wink, Inc.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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TruStage CEO Williams Sees 2024 as End of Intro Period, Shift to ‘Operating Mode’

Wink Intel

Terrance Williams sees the start of 2024 as a milestone. That’s when the new TruStage Financial Group, Inc. president and chief executive officer wraps up the listening tour he’s been on and shifts to what he calls operating mode. Click HERE to read the full story via AM Best The post TruStage CEO Williams Sees 2024 as End of Intro Period, Shift to ‘Operating Mode’ appeared first on Wink, Inc.

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Annuities Newcomber Aspida Life Reaping Benefits of a Fruitful Market

Wink Intel

Aspida started operations in June 2022 from a “clean shell” with no legacy blocks. Now the company says it’s on a $2 billion annual run-rate for new business as it focuses on bolstering its technology. Click HERE to read the full story via Best/s Review The post Annuities Newcomber Aspida Life Reaping Benefits of a Fruitful Market appeared first on Wink, Inc.

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TIAA Traditional Offers Highest New Money Payout Rate in More Than 20 Years

Wink Intel

NEW YORK , Dec. 19, 2023 /PRNewswire/ — Participants electing lifetime income from TIAA Traditional , TIAA’s flagship annuity , in January 2024 will receive a historically high payout rate of 8.2%. “When you convert your savings into lifetime income with TIAA Traditional, you get a guarantee that you’ll have money coming in for life no matter how long you live,” said Colbert Narcisse, chief product and business development officer at TIAA. “For income s

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Senate Democrats Press DOL for More Time on Fiduciary Rule Comments

Wink Intel

Seven Senate Democrats are urging the Labor Department to extend the comment period on its new fiduciary rule proposal. In a letter sent late Wednesday to acting Labor Secretary Julie Su, the senators — including Joe Manchin, D-W.Va., and Ben Cardin, D-Md. — told Su that “given the broad impacts of this potential rulemaking, we are concerned that you are rushing this process.

IT 40
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What Questions Are Brands Asking About Their ESG Initiatives Ahead of 2024?

Temperatures are rising (and not just metaphorically) as key stakeholders anxiously anticipate the outcomes of COP28. While companies reconsider their 2024 environmental sustainability strategies, there is another aspect of ESG that deserves exploring, the social sector. In the latest edition of "Navigating ESG Comms Through the Cosmos - Sagittarius Edition", 3BL hones in on this sign’s bold quality of asking questions others are burning to know the answers to.