CIO

JANUARY 8, 2024

Even as its cloud journey reaches cruising altitude, Cathay Pacific Group IT is not slowing down. Instead, the publicly held operator of Cathay Pacific Airlines and HK Express is shifting from migration to optimization mode in an effort to wrest additional benefits from its all-in cloud transformation. “Cloud optimization is the new initiative in 2024,” says Rajeev Nair, general manager of IT infrastructure and security at Cathay, a major airliner and cargo carrier in the Asia-Pacific region, wi

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Dataversity

JANUARY 8, 2024

The Internet of Things (IoT) has rapidly redefined many aspects of our lives, permeating everywhere from our jobs to our homes and every space in between. However, the sheer volume and complexity of data generated by an ever-growing network of connected devices presents unprecedented challenges. This article, which is infused with insights from leading experts, aims to demystify […] The post IoT Data Governance: Taming the Deluge in Connected Environments appeared first on DATAVERSITY.

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Weidert Group

JANUARY 8, 2024

Ready or not, the new year is here! By now, you may have hit the ground running and eagerly dove into your annual marketing plan…but have you dared to ask the tough question: How different, really , is this year’s plan compared to last? It’s okay to admit if it’s pretty much the same, especially true if last year’s plan worked wonders and delivered significant ROI.

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Dataversity

JANUARY 8, 2024

Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. This month, we’re talking about data mesh. Data mesh represents a federated model of running your data program. While the term is largely […] The post The Cool Kids Corner: Data Mesh and Enabling Your Data Story appeared first on DATAVERSITY.

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IT

CIO

JANUARY 8, 2024

Last year was certainly a wild ride, with the ascendent rise of AI impacting a wide range of IT sectors and capturing the imagination (and fears) of the world at large. IT leaders can look forward to even more surprises, as well as continuing challenges, over the next 12 months. To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic pr

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Wink Intel

JANUARY 8, 2024

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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Wink Intel

JANUARY 8, 2024

Integrity Deepens Offerings in Underserved Markets by Partnering with We The People Agency Agency founded by dynamic, energetic and visionary entrepreneurs enters next stage of growth through partnership designed to enhance holistic offerings for agents and clients DALLAS – JANUARY 3, 2024 – Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has partnered with We

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Wink Intel

JANUARY 8, 2024

iCapital Managing Director Scott Stolz dissects the evolution of annuities and its variations available today in a talk with iCapital Chief Investment Strategist Anastasia Amoroso Click HERE to view via iCapital The post iCapital Managing Director Scott Stolz discusses how annuities can benefit in a volatile market appeared first on Wink, Inc.

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Wink Intel

JANUARY 8, 2024

Please join us in extending best wishes to Mike Sause who retired from AMS January 1st. His remarkable 40+years in the industry, marked by innovation and pioneering efforts, have left an indelible mark on the annuity and IMO space. The post Happy Retirement Mike Sause appeared first on Wink, Inc.

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Competitive

Wink Intel

JANUARY 8, 2024

Although 90% of U.S. adults express confidence in their ability to detect and prevent financial scams, more than a quarter (27%) of 2,432 online respondents reported falling victim at some point to them, according to a survey by Citi. This disconnect, the study says, emphasizes the need for continued vigilance, awareness, and education to keep consumers’ finances safe. “Today’s scammers are nimble, well-organized and aided by sophisticated tools,” said Michael Steinbach,

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Wink Intel

JANUARY 8, 2024

Why is it that so many people say they want to buy an annuity but few actually do? A new blog from the Center for Retirement Research at Boston College suggests that it’s not for the reasons you might think. Click HERE to read the full story via Financial Advisor Wink’s Moore on the Market: A lot of generalizations about annuities in this article… People are attracted to the benefits of annuities.

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Wink Intel

JANUARY 8, 2024

A father-son advisory team in the Philadelphia area has won a half-million-dollar arbitration award from their former firm, Woodbury Financial Services, after an arbitration panel found that the two had been defamed by the broker-dealer. Advisors Joseph Michael Cucinotta Sr. and his son, Cucinotta Jr., were both terminated in September 2021 by Woodbury, a subsidiary of the Advisor Group (whose name was changed last year to Osaic).

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Wink Intel

JANUARY 8, 2024

The persistent—and futile—debate over the 4% rule for retirement income brings to mind the observation of the American social critic H.L. Mencken: “There is always a well-known solution to every human problem—neat, plausible and wrong,” Mencken wrote in 1920. Click HERE to read the full story via Financial Advisor The post 4% Rule: ‘Neat, Plausible And Wrong’ appeared first on Wink, Inc.

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Security

Wink Intel

JANUARY 8, 2024

The insurance and annuities industry have come out against a Massachusetts proposal to regulate hidden or surprise “junk” fees above the advertised price of goods or services. The proposal by Massachusetts Attorney General Andrea Joy Campbell would prohibit hidden “junk fees,” which she said companies use to “deceptively hike prices” on consumers above advertised prices.

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Wink Intel

JANUARY 8, 2024

Apollo Global Management Inc. is at the forefront of a growing trend: insurers lending to private equity funds that want to borrow against their investments. Athene, an Apollo unit, is one of several insurers ramping up their participation in net asset value financing, an increasingly popular form of borrowing for private equity funds that need liquidity amid a tough market for cashing out holdings.

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Wink Intel

JANUARY 8, 2024

Financial “advice” has been available in our country since—and even before—its capitalistic origins, though it looked quite different in the more distant past. The content, form, delivery, consumers and providers of financial advice have evolved—dramatically—since “founding father” Benjamin Franklin advised that “a penny saved is two pence clear” and later, “a penny saved is a penny got.

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Wink Intel

JANUARY 8, 2024

LANSING, Mich.–( BUSINESS WIRE )– Jackson Financial Inc. 1 (NYSE: JXN) (Jackson®) will announce financial results for the fourth quarter and full year ended December 31, 2023, after market close Wednesday, February 21, 2024. Jackson’s press release and supplemental financial materials will be available at investors.jackson.com. Jackson will host a conference call and webcast Thursday, February 22, 2024, at 10 a.m.

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Advertiser: ZoomInfo

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Competitive

Wink Intel

JANUARY 8, 2024

RADNOR, Pa.–( BUSINESS WIRE )–Lincoln Financial Group (NYSE: LNC) announced today that it will report its results for the fourth quarter and full year ended December 31, 2023 at 7 a.m. Eastern Time on Thursday, February 8, 2024. A conference call is scheduled at 8:30 a.m. Eastern Time the same day. Earnings materials, including the 2023 fourth quarter and full year Earnings Release and Statistical Supplement, will be available on the company’s Investor Relations web page at www.linc

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Wink Intel

JANUARY 8, 2024

NEW ORLEANS, La.–( BUSINESS WIRE )–Pan-American Life Insurance Company (“PALIC”) has completed the acquisition and merger of Encova Life Insurance Company (“Encova Life”). The transaction will add approximately $60 million in revenues, over $500 million in total assets, $35 million in insurance premiums and 79,000 covered lives to PALIC’s U.S. life insurance business, further enhancing PALIC’s U.S. scale, reach and investment portfolio.

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Wink Intel

JANUARY 8, 2024

The Bermuda Monetary Authority is working to ease outside observers’ concerns about private equity firms’ rush to own life and annuity insurers based in Bermuda. The agency recently put out a paper emphasizing that it is already addressing those concerns. “PE insurers require an intensified supervisor engagement,” Bermuda officials say in the new paper.

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Wink Intel

JANUARY 8, 2024

Global and US regulators are preparing for a focus on private equity’s valuation practices in life insurance and reinsurance. The growth of private capital throughout the capital markets is a continuing theme, whether it is in the form of the increase in private credit or in PE-backed participation within industries like healthcare. Click HERE to read the full story via Risk Market News The post Private Equity-Backed Life Insurers, Reinsurers Should Expect “Intrusive” Valuat

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Business

Wink Intel

JANUARY 8, 2024

Private equity firm Advent International has held talks to acquire billionaire Ken Fisher’s eponymous Fisher Investments, according to a person with knowledge of the matter. An agreement hasn’t been reached and it’s possible no deal will transpire, said the person, who asked not to be identified discussing confidential information. Click HERE to read the full story via ThinkAdvisor Wink’s Moore on the Market: Is the mantra “I hate annuities, and you should too!

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Wink Intel

JANUARY 8, 2024

U.S. annuity sales should be strong in 2024, and the issuers will probably invest a significant share of the premiums in private credit arrangements, according to Jamie Tucker, a senior director at Fitch Ratings. “We expect allocation to private credit to continue to increase, in part driven by bank lending retrenchment,” Tucker said Friday during a Fitch briefing on its credit outlook for the North American life sector.

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Wink Intel

JANUARY 8, 2024

Economists at the International Monetary Fund make the case that Bermuda’s capital counting rules really do encourage annuity issuers in the United States and Europe to buy reinsurance from companies based in Bermuda. Bermuda lets reinsurers build assumptions about high future earnings on hard-to-sell, hard-to-price assets into benefits obligation valuations, then build the expected extra gains into current capital totals, according to a research note by Fabio Cortes, Mohamed Diaby and Peter Win

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Wink Intel

JANUARY 8, 2024

The Labor Department is now “carefully” reviewing and analyzing the more than 19,000 submissions it received on its new fiduciary rule proposal, a Labor spokesperson told ThinkAdvisor Friday. During the public comment period, which ended on Jan. 2 , “many of these submissions were unique, while the vast majority were petitions that were submitted in common by numerous people,” the spokesperson said.

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Advertiser: ZoomInfo

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

Marketing

Wink Intel

JANUARY 8, 2024

Although many Americans surveyed believe that working with a financial professional would benefit them, most are not doing so. Nine out of ten (88%) respondents said that working with a financial professional would be helpful to ensure they can financially support all the things they want to do in life. But only 44% are currently working with a financial professional, according to Allianz Life Insurance Company of North America’s Annual Retirement Study.

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Wink Intel

JANUARY 8, 2024

Washington, DC, January 02, 2024 –( PR.com )– NAFA, the National Association for Fixed Annuities, submitted a letter in response to the Department of Labor’s request for comments regarding its Retirement Security Rule: Definition of an Investment Advice Fiduciary. This rulemaking package, which was introduced on Nov. 3, 2023, represents the Department’s fourth attempt at imposing a new fiduciary standard on investment advice, and is accompanied by significant amendments to existing

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