Tue.Sep 26, 2023

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6 IT rules worth breaking — and how to get away with it

CIO

There comes a time in every IT leader’s life when a key decision must be made: whether to follow an established rule or, as a matter of necessity, break precedent and embark on an alternate course. Management rules typically exist to enable faultless decision-making, set a foundation for consistent operation, and provide protection from risk, observes Ola Chowning, a partner at global technology research and advisory firm ISG.

IT 877
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Deadly Sins in Proposals: Your solution is risky business.

FedSavvy

To win a recompete contract, many companies aim to bring innovation to improve program performance. However, doing so without having the proper risk mitigations in place can be a fatal flaw. Read on through an example of an incumbent who failed to secure a recompete award because they introduced too much risk in our newest installment of our Deadly Sins series !

Business 130
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Oracle bolsters distributed cloud, AI strategy with new Mexico cloud region

CIO

Oracle has partnered with telecommunications service provider Telmex-Triara to open a second region in Mexico in an effort to keep expanding its data center footprint as it eyes more revenue from AI and generative AI-based workloads. Earlier this month, the company said it expects cloud revenue to grow 29% to 31% in the second quarter of 2024, driven by high demand for AI and generative A I workloads from enterprises.

Sales 858
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The Big List of Questions You Can Answer with Competitive Intelligence

Kompyte

If competitive intelligence has ever felt like something of a mystery to you, I get it. Attempts to “do” competitive intelligence can feel vague, unfocused, and (worse), like a nice-to-have intellectual exercise without a real-world application.

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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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8 questions CIOs should ask to prime their business for gen AI

CIO

Companies are now recognizing the work ahead of them to get their data, people, and processes ready to capitalize on gen AI’s potential. In fact, insights from a recent Accenture survey found that nearly all (99%) executives said they plan to amplify their investments in the technology. So leaders will need to radically re-think how work gets done. And CIOs—given their cross-functional view of business processes coupled with an intimate understanding of how technology can be leveraged to reinven

Business 845

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Rediscovering the value of information

CIO

In his dissertation at Stanford in 1976, smartphone pioneer and founder and CEO of General Magic Marc Porat correctly prophesied that the future would be defined by “ information machines, information workers, and information companies.” Today, there is general consensus that we live in an “Information Society” and work in an “Information Economy.” What is surprising is that despite the information intensity of modern existence — for example, 3.5 billion searches per day — one would be hard pres

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The Power of Expert Insights as Alternative Data

Alpha Sense BI

In today’s fast-paced world, data has become the lifeblood of business decision-making. Traditionally, financial analysts relied heavily on traditional data sources like company earnings reports, filings, and economic indicators. However, with the rapid rise of technology and the emergence of big data, a new type of data has emerged: alternative data.

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SAP prepares to add Joule generative AI copilot across its apps

CIO

By year-end, users of a couple of SAP applications should have the option to ask generative AI copilot, Joule, to help with their work — and the company plans to roll the feature out across all its applications one by one in the years to come. Clicking on a dedicated button in compatible SAP applications will open up the Joule interface, which will then accept input in a variety of ways.

IT 761
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Best’s Special Report: First-Half 2023 Net Income in U.S. Life/Annuity Insurance Industry Declines by More Than 39%

Wink Intel

OLDWICK, N.J.–( BUSINESS WIRE )–Net income for U.S. life/annuity (L/A) insurance industry decreased by 39.5% in the first half of 2023, dropping to $13.2 billion from $21.9 billion in the same prior-year period, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report , titled, “First Look: Six-Month 2023 U.S.

Capital 40
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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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Swiss energy services company uses machine learning to see the future

CIO

If you want to look into the future, sometimes you have to be able to predict it. Swiss energy services company IWB has a vision of a world with a fully renewable, climate-friendly energy supply. Not long ago, though, that goal seemed difficult to conceptualize. For many years, IWB’s distribution grid supplied customers with electricity exclusively produced by large, centralized power plants.

Learning 639
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AM Best Affirms Credit Ratings of Kansas City Life Insurance Company 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 Rating (Long-Term ICR) of “a-” (Excellent) of Kansas City Life Insurance Company (KCL) (Kansas City, MO) [OTCQX: KCLI]. The outlook of these Credit Ratings (ratings) is negative. Additionally, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Old American Insurance Company (Old American) (Kansas City, MO), a wh

Capital 40
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5 steps we can take to address the cyber skills shortage

CIO

Depending upon which research report you read, we have a shortage of somewhere around 3.4 million or 3.5 million individuals worldwide 2. But we are not the only industry with a talent gap. The medical industry, for example, is facing a shortage of more than 10 million physicians worldwide 3. The skills shortage creates challenges, of course. According to ISACA, 60% of organizations are struggling to retain individuals, and 62% say their teams are operating at a talent deficit. 4 The cybersecuri

Education 612
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Upstream Life Insurance Company Announces $300 Million Transaction with Antarctica Capital

Wink Intel

NEW YORK–( BUSINESS WIRE )–Upstream Life Insurance Company (the “Company”) announced that they have entered into an agreement under which the Company may cede up to $300 million of fixed annuity statutory reserves to Antarctica Capital. The reinsured block may consist of certain durations of the Company’s Secure Legacy MYGA statutory reserves over the 2023 and 2024 issue years.

Capital 40
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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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Mitigating mayhem in a complex hybrid IT world

CIO

We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. The same can be said about IT. When a system begins to break down, the most important thing is ending the breakage, restoring it, and minimizing the business impact.

IT 595
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DPL Financial Partners acquiring AnnuityFix to help breakaway advisors retain annuity assets and better serve clients

Wink Intel

LOUISVILLE, Ky.–( BUSINESS WIRE )–DPL Financial Partners, the leading commission-free insurance platform for RIAs, today announced that it is acquiring AnnuityFix and its affiliated broker-dealer, Johnstone Brokerage Services. The acquisition enhances DPL’s Breakaway Accelerator program, which allows financial advisors to transition their legacy annuity business to a fee-based business model, enabling many to go completely independent.

Win 40
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How to ignite innovation and empower more sustainable solutions

CIO

Some moments in life are indelibly etched in our memory. I will never forget one evening several years ago. In fact, I can point to the chair where I sat when it happened. My wife, three children, and I were eating dinner together. Suddenly, an idea sparked in my brain. I grabbed a pencil and a piece of paper from the kitchen counter and began diagramming my concept.

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Lincoln Financial Group Partners with UNCF to Launch a Scholar Development Program

Wink Intel

RADNOR, Pa.–( BUSINESS WIRE )–Lincoln Financial Group’s (NYSE: LNC) Lincoln Financial Foundation and UNCF (United Negro College Fund) have partnered to establish the UNCF Lincoln Financial Scholars Program – a competitive career development program, focused on students studying at historically Black colleges and universities (HBCUs). The program was developed as part of Lincoln’s steadfast commitment to diversity, equity and inclusion and its 8 Actions to support racial justice and e

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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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How AI can deliver eye-opening insights for IT

CIO

No matter what your newsfeed may be, it’s likely peppered with articles about the wonders of artificial intelligence. And rightly so. But even as we remember 2023 as the year when generative AI went ballistic, AI and its ML (machine learning) sidekick have been quietly evolving over several years to yield eye-opening insights and problem-solving productivity for IT organizations.

IT 851
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58% of Americans say they’d consider post-retirement employment to seek personal fulfillment: new Empower research

Wink Intel

GREENWOOD VILLAGE, Colo. , Sept. 21, 2023 /PRNewswire/ — Over half (58%) of Americans (64% of Baby Boomers and Gen Xers) may be in the job market post-retirement, and are open to working indefinitely – but the reasons aren’t purely financial according to new research from Empower , a leader in financial planning, investing, and advice.

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Zero Trust: Understanding the US government’s requirements for enhanced cybersecurity

CIO

The concept of Zero Trust has gained significant traction in recent years, as organizations look to enhance their cybersecurity defenses and safeguard their digital assets. The US government has been at the forefront of promoting this approach, with a series of guidelines and requirements that companies must adhere to. In this blog, I will explore some of the current requirements for companies to implement Zero Trust as outlined by the US government.

Security 874
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F&G Annuities & Life to Host Investor Day on October 3, 2023

Wink Intel

DES MOINES, Iowa , Sept. 21, 2023 /PRNewswire/ — F&G Annuities & Life, Inc. (NYSE: FG ) (“F&G” or “Company”), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that it will host an Investor Day in New York City on Tuesday, October 3 , 2023.

Retail 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.

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Legacy Protectors Life Group Expands Holistic Insurance Offerings by Partnering with Integrity

Wink Intel

Joining the Integrity partner platform offers agency of young, dynamic leaders an opportunity to expand through access to exclusive technology and mentorship of industry leaders DALLAS , Sept. 19, 2023 /PRNewswire/ — 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 Legacy Protectors Life Group (“Legacy ProtectorsR

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Transamerica to Collaborate with Bestow to Enhance Financial Protection Offerings

Wink Intel

BALTIMORE , Sept. 19, 2023 /PRNewswire/ — Transamerica is pleased to announce its strategic partnership with Bestow, a leading technology company in the life insurance industry. Together, Transamerica and Bestow will offer customers an intuitive digital platform with enhanced self-service options for Transamerica’s life insurance products.

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For 33rd consecutive year, Northwestern Mutual achieves highest-available financial strength ratings

Wink Intel

All four major ratings agencies recognize Northwestern Mutual as industry standout MILWAUKEE , Sept. 21, 2023 /PRNewswire/ — For more than 165 years, Northwestern Mutual’s superior financial strength has meant that policyowners can always count on the company to be there whenever they need. And recently, that proud legacy continued as AM Best, one of the nation’s leading financial ratings agencies, awarded Northwestern Mutual an ‘A++ Superior’ designation with a

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Life Insurance Awareness Month: Why It Should Be a Year-Round Event

Wink Intel

September is traditionally celebrated as Life Insurance Awareness Month, a time when individuals are encouraged to review their life insurance needs and assess their financial protection. While this annual event is essential, maybe it’s time to consider why it should be a year-round initiative focused on enhancing financial wellness and assisting clients in meeting all their protection needs.

IT 40
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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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John Hancock and Talcott Re Face Lawsuits Tied to 2017 Tax Cuts

Wink Intel

Attorneys with Susman Godfrey have filed two federal lawsuits that could affect what happens to life insurance policy cost-of-insurance charges when tax rules change. In the suits, filed on behalf of policy owners against John Hancock and Talcott Re, the plaintiffs contend that insurers should have used the Tax Cuts and Jobs Act of 2017 to reduce the policy cost-of-insurance charges.

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Goldman Sachs Sees the Birth of New Types of Annuities

Wink Intel

Goldman Sachs analysts have spotted shadows of new types of annuities, or annuity-like products, spawning. The firm gives a glimpse of the children of today’s annuities in a summary of results from a survey of 138 annuity market players at 30 insurers. Click HERE to read the full story via ThinkAdvisor The post Goldman Sachs Sees the Birth of New Types of Annuities appeared first on Wink.

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5 Trends Defining Success in the Life and Annuity Industries

Wink Intel

The high inflation environment has consumers reevaluating their insurance and investments. As more financial services are transacted online, it gets easier to switch providers. These circumstances pressure the insurance and annuity industry and their advisors to find new opportunities for revenue generation, customer retention and satisfaction. Here’s what insurers you work with must keep in mind as they cope with changing times.

IT 40