Plexus Law offers services across all areas of defendant law and represents organisations ranging from insurance companies and the Lloyd’s Market to public authorities, trade organisations, professional bodies and individuals. The company, which is part of the Parabis Group, was set up more than 10 years ago and operates nationwide. The Challenge: Around 2,000 items of second class mail are sent each evening from the Croydon office, where Plexus Law and five other Parabis-owned companies are based. The companies were using Royal Mail. However, DX Document Exchange customer Plexus Law, which had been badly affected by Royal Mail strikes in the past, decided to explore other options for its second class mail. Click here to read more…
The typical manager of financial assets generates returns based on the systematic risk he takes – the so-called beta risk – and the value his abilities contribute to the investment process – his so-called alpha. Shareholders in asset management firms, such as commercial banks, investment banks and private equity or insurance companies are unlikely to pay the manager much for returns from beta risk. What the shareholder will really pay for is if the manager beats the S&P 500 index regularly, that is, generates excess returns while not taking more risks. Hence they will pay for alpha.
In reality, there are only a few sources of alpha for investment managers. One of them comes from having truly special abilities in identifying undervalued financial assets. A second source of alpha is from what one might call activism. This means using financial resources to create, or obtain control over, real assets and to use that control to change the payout obtained on the financial investment. A third source of alpha is financial entrepreneurship or engineering – creating securities or cash flow streams that appeal to particular investors or tastes. Read more…
The UK financial services sector has become increasingly competitive as a result of several changes. Successive UK governments have looked to encourage competition in financial services so as to give customers a better deal. An important development in this area was the so-called Big Bang in 1986. This opened up competition between firms on the London Stock Exchange, and also developed competition for High Street banking services, with new firms becoming eligible to apply for licences to carry out banking activities. Thereafter, individual institutions could carry out a range of functions such as personal banking, insurance, and offering mortgages, and the traditional distinctions between banks, building societies and insurance companies became blurred.
In particular, the Building Societies Act enabled (but did not require) building societies that had previously concentrated on offering savings and investment accounts and granting mortgages to provide a full range of banking services (e.g. current accounts, overdrafts, loans, provision of credit cards). Given this opportunity to become banks, many building societies changed their legal status. Previously many had been mutual benefit societies run on behalf of their members (people with investment accounts). Many became public limited companies with shares quoted on the London Stock Exchange. Click here to read more…
Case Study about Taiwan Insurance Industry
Abstract: This study aims to probe into the analysis of online word-of-mouth in the insurance industry of Taiwan. By treating the top four insurance companies as key words, the researcher extracts users’ learning from blogs and online forums between January 1, 2010 and July 5, 2011. After eliminating improper samples, there are 914 valid articles. The research findings demonstrate that, the characteristics of online word-of-mouth in the insurance industry can be divided into a highly competitive brand zone and an independent brand zone.
Introduction: With the rapid growth of the national economy, service industries become critical in Taiwan, and the insurance industry blooms with the gradual increase of national incomes and the public’s recognition of personal physical and mental health. However, with the expansion of the insurance industry, in order to satisfy different customers, different types of insurance products become sophisticated and complicated, as diverse products allow the public to have multiple selections. Keep reading…
Case Study about Länsförsäkringar
Introduction: The application development team at Länsförsäkringar AB, a Swedish insurance and banking company, wanted to simplify and speed software development. The team’s customers relied on it for specialized applications. However, the team was using manual development methods that slowed delivery.
Situation: Located in Stockholm, Sweden, Länsförsäkringar AB is owned by 24 regional insurance and banking companies. The Länsförsäkringar companies operate independently, and together they serve more than 3.2 million customers. The alliance has approximately 5,800 employees throughout Sweden and the United Kingdom. Although the regional firms manage most of their local IT infrastructure, they rely on Länsförsäkringar to design and administer line-of-business applications that are shared by the companies. Product specialists in Länsförsäkringar collect requirements and then work with the IT department—a team of approximately 300 employees—to create or revise software used for customer service and other mission-critical activities. Keep reading..
The mature insurance industry comprised of accident and health insurance, property and casualty insurance, and life insurance and annuities is faced with slow growth and consolidation. Price competition is accelerating as customers turn to Internet data aggregators to shop for the best deal on many types of insurance.
In addition, while the insurance business and the needs of policy holders and distributors are rapidly changing, many insurance companies can’t keep up because they are unable to differentiate their business, reach customers likely to respond to new sales opportunities or make the most of their valued staff. Insurers that define and implement solutions to these challenges are those that will successfully compete and thrive into the future. Click here to read more…
Case Study about Munder Capital Management
Introduction: Munder Capital Management of Birmingham, Michigan, thrives on information. Interruptions to business systems often left traders and analysts without access to information needed to make quick decisions. The company also struggled with server sprawl, which raised operating costs and hindered new-service rollouts.
Situation: Munder Capital Management is a U.S.$30 billion financial services firm based in Birmingham, Michigan. Clients include corporations, public and private pension fund sponsors, trustees of charitable foundations and universities, insurance companies, and individual investors. Munder Capital employs 168 people in Birmingham and Boston, Massachusetts. To make wise decisions for its clients, Munder Capital investment professionals need constant access to financial data and business applications. Every year, electrical outages due to storms, regional blackouts, gas or water-main breaks, and other unforeseen events plague the company.
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Comparative Study of Selected Insurance Companies in Haryana and Punjab
Abstract: The interest shown by people in the Unit Linked Insurance Plans is because of the many benefits these plans offer such as high growth potential, life risk cover, transparency, tax benefits and premium payment flexibility etc. It is one of the best methods of investments if one is living in an economy that is booming and is on the path to growth. The units that are part of the share market are bought with money invested by the investor and as the equitymarket grows, the money invested by the investor also increases and gives a good return.
Introduction: ULIP came into play in the 1960s and is popular in many countries in the world. Unit linked guidelines were notified by Insurance Regulatory Development Authority (IRDA) on 21st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these products among the insured, especially since the investment risk is borne by the policyholder. It is the endeavor of IRDA to enable the buyer to make the most informed decision possible when planning for financial security. The Indian insurance sector has gone through a sea change after the adoption of liberalization, privatization and globalization process by the government in the last decade of 20th Century..
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Introduction: Dunkel GmbH is one of the Internet pioneers in Germany and has been providing reliable Internet technology for companies for 20 years. Its customers include public institutions such as Hessische Rundfunk, banks, insurance companies, PR and marketing agencies, and other service providers. The company uses two tier-3 data centers in the Frankfurt area with a redundant high-speed Internet connection.
High Availability is Expensive – or Cloud-Based: Requiring high or very high availability brings with it enormous investment costs. And if a company wants to build the infrastructure on its own, it needs the expertise of sought-after specialists. This makes hosting on high-availability hardware attractive. Even before launching the vCloud infrastructure, Dunkel off ered a highavailability Virtual Data Center with dedicated VLAN and a virtual fi rewall appliance. Dunkel ran the fi rewall as a Managed Service…
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Glacier delivers a variety of financial products for the South African affluent market on behalf of Sanlam, a leading financial services group and one of the top two insurance companies in South Africa. When Glacier was established, it introduced a broader financial solution set that was customized to meet the needs of its target market. Its financial solutions are designed to assist these clients in creating and preserving their wealth throughout their lifetime, while simplifying their financial affairs. The solutions provide flexibility, accessibility and convenience, as well as customization to meet individual needs. Click here to read more…