Mon.Oct 24, 2022

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Inside track: Chris Bedi on his evolving CIO role at ServiceNow

CIO

What’s in a name? For Chris Bedi, who joined ServiceNow as CIO in September 2015, a lot: the company recently gave him a new title, chief digital information officer, and rebranded his IT team as “digital technology.” “The rebranding is an acknowledgement of how the role has changed,” he says, but is also intended to reinforce various mindsets that he wants the whole team to adopt.

Win 588
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Analysis of Competing Hypotheses: An Overview + Example

Crayon

Imagine you lead the intelligence function at a CRM software company. One day, you notice that your closest competitor has recently published a couple blog posts about contracts and document management—which is out of the ordinary for them.

Analysis 311
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Over 90% of companies overpay for project collaboration software: Report

CIO

As popularity of project collaboration software grows along with other software-as-a-service products, a research report from SaaS purchasing platform Vertice shows that more than 90% of enterprises are overpaying for these tools. The project collaboration software market is estimated to reach a value of $27.40 billion by the end of 2022, from $21.69 billion in 2021, according to a report from Grand View Research, which links the growth to factors such as the evolution of the workplace and th

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Social Media Monitoring vs Social Listening – Yes, There’s a Difference!

Netbasequid

Social media monitoring and social listening are part of the broader social intelligence discipline, a couple of branches on the consumer and market intelligence family tree. Understanding the difference between the two is important in setting the whole course of the social intelligence process. Social intelligence – the use of advanced techniques and technology to gather insights from social media data – relies on the quality of the data.

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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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Data Supremacy: The Precursor to AI Supremacy

Dataversity

The arguments for greater urgency to attain AI supremacy have raged for years among technology experts and national policymakers. Some have cited serious concerns due to U.S. lethargy in tech development. Others posit the race for AI supremacy is actually one between U.S. and Chinese private-sector companies like Amazon and Alibaba. While important for national security and […].

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Both Life Insurance and Annuity Customer Satisfaction Decline as Pandemic Fears Wane, J.D. Power Finds

Wink Intel

TROY, Mich.: 13 Oct. 2022 — Individual life insurance and annuity products—with the longest term lengths of long-term investment and insurance products—have created a customer engagement problem. According to the J.D. Power 2022 U.S. Individual Life Insurance Study SM and the J.D. Power 2022 U.S. Individual Annuity Study, SM both released today, customer satisfaction with these products starts declining relatively soon after they are purchased, resulting not only in low likelihood of conside

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Addressing the 5 misconceptions around life insurance

Wink Intel

Having life insurance provides peace of mind and can help individuals feel financially secure. However, according to research from LIMRA, 41% of Americans say they don’t have sufficient life insurance coverage, and at least 106 million Americans live with a life insurance gap. Here are a few top misconceptions we hear about life insurance and how to address them with your clients to help them make educated decisions about their financial future.

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Diagnosing Calculation Group-Related Performance Problems In Power BI Using EvaluateAndLog

Chris Webb BI

A few weeks ago I wrote a post showing how you can use the new EvaluateAndLog DAX function to diagnose performance problems relating to the use of the Switch function. Did you know that calculation groups can experience similar performance problems though? In some scenarios limited evaluation takes place for all calculation items, not just the one you expect; luckily you can use EvaluateAndLog to diagnose this too.

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Midwest Holding Schedules Conference Call to Review Results from Third Quarter of 2022

Wink Intel

LINCOLN, Neb. , Oct. 20, 2022 /PRNewswire/ — Midwest Holding Inc. (“Midwest”) (NASDAQ: MDWT ) today announced plans to host a conference call to discuss its financial and operating results for the third quarter of 2022 on November 15, 2022 , at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at [link] after the close of the financial markets on November 14, 2022.

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Please Consider Your Business Users When Selecting an Analytics and Data Search Tool

Dataversity

Business users are business professionals who have expertise in an industry or market arena or perform a function to support the ongoing operation of the business – professionals who may be front-line workers on a production line, finance professionals, sales representatives, non-profit office workers, medical researchers, middle managers, regional managers for retail chains, transportation dispatchers, […].

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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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New Transamerica Program Aids Small Businesses in Employee Retirement and Health Savings

Wink Intel

BALTIMORE , Oct. 13, 2022 /PRNewswire/ — Transamerica is helping small businesses to gain advantages in today’s competitive job market by offering an initiative that encourages employees to save more now for retirement and medical costs. By providing special incentives until the end of the year, the initiative can serve as a magnet for new talent and a benefit for current employees. .

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Kansas City Life Declares Quarterly Dividend

Wink Intel

KANSAS CITY, Mo. , Oct. 24, 2022 /PRNewswire/ — The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Oct. 24, 2022. The dividend will be payable on Nov. 9, 2022 , to stockholders of record on Nov. 3, 2022. Kansas City Life Insurance Company (OTCQX: KCLI ) was established in 1895 and is based in Kansas City, Missouri.

Sales 40
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Best’s Review Explores New Hazards and Risks, Rising Interest Rates

Wink Intel

Best’s Review Explores New Hazards and Risks, Rising Interest Rates. October 24, 2022 12:05 PM Eastern Daylight Time. OLDWICK, N.J.–( BUSINESS WIRE )– Best’s Review has released the following previews of next month’s issue: “ Pot, Pans and the Internet ” discusses three emerging hazards that should be on the radar for insurers and their customers. “ Putting a New Face on Reality: Deepfakes Raise Novel Challenges for Insurers ” examines the new risk of artificially manipulated audio

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AM Best Upgrades Credit Ratings for Guaranty Income Life Insurance Company; Affirms Credit Ratings of United Life Insurance Company and Lincoln Benefit Life Company

Wink Intel

OLDWICK, N.J.–( BUSINESS WIRE )– AM Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) of Guaranty Income Life Insurance Company (GILIC) (headquartered in Baton Rouge, LA). In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of United Life Insurance Company (ULIC) (Cedar Rapids, IA).

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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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Pacific Life Enhances Select Indexed Universal Life Insurance Products by Providing Additional Policyowner Flexibility

Wink Intel

NEWPORT BEACH, Calif.–( BUSINESS WIRE )–Pacific Life has added two new uncapped volatility control indexed accounts to select indexed universal life insurance (IUL) products. These indexed accounts are available on certain new and inforce policies and are tied to the BlackRock Endura® Index, 1 which uses volatility controls to determine a daily mix of equities and short-term U.S.

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The Standard to Acquire Securian Financial’s Retirement Plan Recordkeeping Business

Wink Intel

PORTLAND, Ore. & ST. PAUL, Minn.–( BUSINESS WIRE )–Standard Insurance Company (“The Standard”) and Securian Financial Group, Inc. (“Securian Financial”) today announced a definitive agreement under which The Standard will acquire Securian Financial’s retirement recordkeeping business. The acquisition is subject to customary closing conditions and is expected to close this year.

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AM Best Affirms Credit Ratings of Farmers New World Life Insurance Company and Farmers Reinsurance Company

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 Rating (Long-Term ICR) of “a+” (Excellent) of Farmers New World Life Insurance Company (FNWL) (Bellevue, WA). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Farmers Reinsurance Company (Farmers Re) (Woodland Hills, CA).

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AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries

Wink Intel

LONDON–( BUSINESS WIRE )– AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland). At the same time, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of Zurich (a non-operating holding company).

IT 40
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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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Market Conditions Create a Fixed Annuity Buying Opportunity

Wink Intel

Fixed annuity sales hit a record $28.7 billion in the second quarter of this year, up 79% over the same quarter of last year, according to LIMRA’s annuity sales estimates. Historically, fixed annuity sales have been highly correlated with 10-year Treasury rates. An accurate prediction of 10-year Treasury rates would lead to an accurate estimate of future fixed annuity sales.

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Top New York court revives protections for buyers of annuities, life insurance

Wink Intel

(Reuters) – New York’s highest court on Thursday reinstated a 2018 regulation that requires life insurance and annuity producers to base their sales recommendations on the best interest of the consumer, regardless of the adviser’s compensation or other incentives. The New York Court of Appeals – the state’s top court – overturned an intermediate appellate ruling that the regulation was unconstitutional because it lacked “sufficient concrete, practical guidance” on how to comply with the

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Federal Judge OKs $25M Genworth Universal Life Settlement

Wink Intel

A federal judge in Richmond, Virginia, approved a $25 million universal life insurance class action at a fairness hearing Monday. Genworth Life and Annuity Company agreed to pay the settlement to about 13,400 policyholders affected by a Genworth move to increase the policyholders’ cost-of-insurance rate in 2019. Genworth Life also agreed not to challenge claimants based on questions about whether a claimant has an insurable interest in the life of the insured, according to documents filed with t

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Life insurance lags behind other sectors in adopting behavioral benefits

Wink Intel

Behavioral insurance has found a place in health, auto, and home coverage, but U.S. companies have been relatively slow to apply the dynamics to life insurance. This type of insurance underwrites, prices, and pays out according to a customer’s behavior. Auto insurers use telematics or mobile apps that can reward drivers with lower premiums based on their driving habits.

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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.

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How DOL’s New Independent Contractor Rule Could Cause Major Headaches for Advisors

Wink Intel

The proposed rule the Labor Department released Oct. 11 that would determine worker classification as either an independent contractor or an employee stands to create a major headache for financial advisors, according to David Bellaire, executive vice president and general counsel for the Financial Services Institute, an advocacy group. The new Labor rule would replace the 2021 rule that went into effect as a result of a ruling in March by the U.S.

IT 40
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16 Highest-Paid CEOs in Financial Services

Wink Intel

The 15th edition of the Equilar 200, which analyzes pay packages awarded to chief executives at U.S. public companies during fiscal year 2021, showed that median total CEO compensation surged to $23.2 million in 2021, a 29.4% increase from the previous year. The Equilar 200 includes the largest pay packages awarded to CEOs from U.S.-based or listed companies with more than $1 billion in revenue that filed proxy statements for fiscal year 2021 by April 30, 2022.

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Why Are Customers So Unhappy With Life Insurance and Annuities?

Wink Intel

Customers’ satisfaction starts to decline relatively soon after they buy individual life insurance and annuity products, according to two new studies from J.D. Power. As a result, there is both a low likelihood that customers will consider buying other insurance and financial services products and a general lack of understanding of products these customers already own.

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NY Court of Appeals reinstates tough standard for life insurance, annuities

Wink Intel

The New York State Court of Appeals sided with regulators in a Thursday decision to reinstate the toughest state annuity sales standard in the nation. Regulation 187, passed in 2018 by the New York State Department of Financial Services, requires life insurance and annuity producers to base their sales recommendations on the best interest of the consumer, regardless of the advisor’s compensation or other incentives.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

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.

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The greatest

Wink Intel

ANNUITIES: “The greatest retirement product that no one knew about.”. – Sheryl J. Moore. The post The greatest appeared first on Wink.

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If you like stats you’ll enjoy this!

Wink Intel

If you like stats, like I love stats, you will enjoy using the “ American Council of Life Insurers – ACLI ‘s Life Insurers Fact Book!” This is one of my top secret tools, that I have at my disposal for market research. So many people asking for information that I find in it, that I thought I would share. Download a single copy.