Key Trends That Will Shape P&C Insurance Markets

Disrupting technologies, increasing competition and economic pressures makes P&C insurance to look beyond traditional strategies.

A shift is going on in the P&C insurance sector. In this shift some will emerge as leaders, many falling behind, and another group may be wiped out from the market. Year 2016 continues with market disruption. What are the forces that disrupt the market? How it affects processes and stakeholders is a hot discussion already. Now let us delve deeper.

First and foremost is disruption due to innovations and new product development. Innovations are great levelers as well as a destroyers. Just look at the potential of IoT in changing insurance business. IoT is adding new tasks for the insurers. Wearable devices, automobiles, transmitters, medical equipment’s, security systems, doors, lights etc., are providing insurers to segment markets and create new price models for the P&C market.

Emergence of sharing economy where assets are shared is creating opportunities for the property and casualty markets. This means insurance companies need to create new pricing models to tap those assets.

Are agents being replaced?

Digital technologies are throwing a spanner in the established property and casualty markets. Before digitization threats insurers employ agents to educate the customers. But the growing digitization phenomenon is slowly eliminating the key role played by agents as a medium between insurers and customers. For example, Google Compare helps customers to compare different products online, where customers can buy the products directly from the insurer. This may have a bearing on the premium as the commissions paid to the agents can be given as a discount to the customer.

Cyber security

Thanks to digitization P&C customers are expecting personalized services like access anytime anywhere. This is making the customers happy where Millennials being the target and at the same time it is opening up risks like cyber security and hacking. Such risks can impact on the credibility of the insurance carriers. Today IT solutions come with additional embedded layers of protection to protect data assets.

Telematics

The growing connected car with mobile telematics applications is redefining the traditional price models. The traditional model is being replaced by usage based insurance (UBI). This will empower the drivers to gain discounts on their driving behavior. The lesser the risk, the lower will be the premium. This trend is opening up opportunities for mobile application providers to come out with premium features in mobile telematics application. User friendly features like gamification and ancillary services like roadside assistance are a few examples to cite.

Big Data

Underwriting involves collection of information with precision and accuracy. Big data is churning the property and casualty insurance sector. Big data technologies help in making underwriting effective with crime statistics and risk assessment leading to more accuracy in the underwriting process benefiting all the stakeholders.

Personalized customer experience

P&C is a competitive and cost-sensitive industry.It requires engaging customer to connect through personalized communications, meticulous evaluations, and speedy claims. Personalized customer experience results in customer retention. Therefore, robust mobility solutions are required for insurance companies to initiate the issuance of policies, claims processing without going to the insurer physically.

Love or loathe it, insurance carriers cannot avoid cloud computing to align with customers who prefer to have access on business over their mobile. Therefore insurance mobility holds the key for P&C insurers. Key brokering, claims, underwriting, re-insurance and accounting need to be enabled with solutions to speed up customers’ appraisals and claims consistently, at reduced cost. The bottom line here is reducing the claim processing time. This will help in improving customer engagement through multi-channel delivery for clients. Moreover, this makes easy setting appointments, report losses, and receive notifications as and when required.

PRIME’s new Policy Administration System is a SaaS-based claims administration software designed with the latest technology, for property and casualty insurers of all sizes around the world. Supporting such standard practices as quoting, new business, and a multitude of other standard necessities for carriers, PrimePAS also offers its users a beautifully customizable insurance policy administration software – so you can tailor each aspect to your business’s specific needs. PRIME’s property and casualty insurance software makes your business ready to adapt and deliver for the fast-paced, action-packed years ahead. For more Information Please visit: http://www.primetgi.com/insurance-software-solutions/policy-administration-primepass/

Article Source: http://EzineArticles.com/expert/Sud_Gover/2254163

 

Meaning of Symbols in Ancient Rock Art

There are amazing scenes depicted in rock art on all the inhabited continents and the question is what do they mean? Mostly they involve animals and then the big fauna of the region but all of them, without exception, contain something that is a bigger mystery due to the quality and quantity of their presence. They are the hand stencils that clearly show the five fingers while the meaning of them has escaped interpretation.

Because of my reincarnation and link to the Spirit of the Universe some things are known to me that may not be known by others. This is because of the many visions received after a commission to remove the wall of blindness put up the first beast of Revelation. This was shown to me as the sun and it was the chief god of all people everywhere.

That shows the depth of its presence as such and the practices related to it that were carried by migrating groups as they spread around the world. Chief among these is the imprinting of the hand on rocks. The number 5 was shown to me as a representation of life and, therefore, was made by those who were initiated into it through their arrival to manhood.

Given an insight into language origins and how symbols became letters and numbers allows me to read ancient sites as a book. Interpreting the behavior and practices of the past is a way of breaking down the wall of ignorance that sun-worship has built.

The letters [f], [v], and [l] are interchangeable and ‘five’ is the same as ‘live’ and ‘life’. It is also in ‘fife’ and ‘vive’, while ‘re-vive’ means to ‘return to life’. That is what the initiate does when he is ‘baptised’ or ‘initiated’ in a ceremony that declares he is now a ‘living being’ in the eyes of his God. To celebrate this and confirm it a stencil of his five fingers acted as his signature and ancient rock art is, therefore, a record of the event.

Norma Holt has memory of her reincarnation nd knows that reincarnation is fact and that everyone who has lived is back. They are turning to the Mountain of God which is the Internet for answers.

Article Source: http://EzineArticles.com/expert/Norma_Holt/270038

 

Ten Things Highly Successful Women Would Have Done Differently In High School

What lies behind you and what lies in front of you, pales in comparison to what lies inside of you” – Ralph Waldo Emerson

About a year ago, I read an article written by someone who was giving advice to her younger self. I found it interesting, as I am always interested in learning from my mistakes and the mistakes of others. I am very focused on success for young women in high school and I thought it might be interesting to find out what some of the most successful women would have done differently in high school. High school really is the springboard to future success and I am forever and always a proponent of hard work and high achievement.

I devised a questionnaire and asked 60 highly successful women what advice they would give to current high school girls yearning for great successes in their lives, as well. My list of successful women included those that had reached the pinnacle of success in their respective fields, such as a Supreme Court Justice, several Chief Executive Officers and Chief Financial Officers, Law and Medical Professors at the most elite colleges in the country, a University President, a Governor, several Senators, a championship winning athlete, an Academy Award winning actress and a Pulitzer Prize winning author. Although it took me about a year to contact and compile my responses from these women, I was pleasantly surprised at their willingness to communicate their experiences and advice with me. It was also interesting that many of these women shared similar responses. In my prior research studies, high school girls who successfully embraced this advice ended up at the most elite colleges in the country. There may not be a scientific correlation at this time, but it is an interesting outcome, nonetheless. I have published this in my other articles, which I encourage you to read.

The following are the top ten things these highly successful women would have done differently in high school and some advice they shared, ranked in order of the most responses:

1. Never Let Go Of Your Dreams And Dream Big– Your dreams become your inspiration to work harder and set goals for high achievement. These women related they purposely picked goals that were difficult to achieve, such as making partner in a prestigious law firm or becoming a tenured professor by the age of 35, becoming a Supreme Court Justice and running for the office of Governor and winning. Just because a state has never elected a female Governor before doesn’t mean it can’t happen. If you believe in yourself, you can make it happen. If you focus, work hard enough and stay away from the distractions in high school, anything is possible. Many of the women interviewed told me that high school, retrospectively, is a little part of a bigger picture and they focused on the long term, not the short term. They advised to stay away from the drama and negative peer pressure in high school and just follow your own unique path.

2. Learn To Say “No”– Don’t pretend to be something you are not; be yourself. You are not out to please the world and you shouldn’t do anything you are not comfortable doing. “No” is a very powerful word and the respondents alluded it will serve you well in the future if you learn this now. They also commented is it better to excel in a few areas than to spread yourself so thin you can’t excel at anything. They also reiterated that parents are usually right, so listen to them and don’t discount their advice and opinions because experience does matter.

3. Success And Money Really Are A Result Of Hard Work, Grit & Determination– Sorry to burst your bubble, but there really is no free ride or luck that takes you to the top. It is all about hard work, determination and dedication. These women kept themselves focused on the end result and worked longer hours and networked more than their peers. They were willing to take risks, work harder and pursue higher levels of education. An interesting point was all these women sacrificed something today for a greater return tomorrow. The respondents related their exceptionalism and their drive to keep achieving as drivers of their success.

4. Stay Away From People Who Tell You That You Can’t– The overwhelming advice on this point was not to let others judge you. It doesn’t matter what others think about you, it’s what you think of yourself that makes all the difference. It is this strong sense of self that will point you in the direction and the choices you will eventually have to make to determine your future endeavors. Keeping toxic people out of your life allows you to succeed and focus on accomplishing your goals. They also advised not to give up on something you are passionate about. Many told me they regretted quitting playing the piano or another musical instrument and cannot afford the time to learn it today. Time is precious and they advised sticking to a hobby or passion, as it will enrich your life at a later time.

5. Grudges Will Never Take You Anywhere, Let Them Go– It is important to understand that everyone has an opinion or belief that may differ from yours and should be the basis for discussion and learning, not resentment and avoidance. The capacity to forgive has produced great leaders, such as Nelson Mandela and Mahatma Gandhi, who recognized that by forgiving people that hold you back, that have managed to hurt you, and forgiving yourself for the people whom you have hurt, you alleviate the toxicity that steals your energy, ambition and self-confidence. Essentially, it diminishes your leadership ability. Learn from the past and embrace the future.

6. Take Care Of Yourself Now– Studies keep coming out that show what we do when are younger may have dire consequences on us when we age. Now is the time to develop healthy lifestyle changes. Exercising and eating healthy, along with the determination not to smoke, take drugs or abuse alcohol, are all imperative for leading a longer, happier and more successful life. Get at least seven hours of sleep a night and try to avoid the drive through. The respondents said these bad habits will show up in your 30’s and 40’s and prevention is the key.

7. Be Curious And Take Risks– “You can’t cross the sea merely by standing and staring at the water”, is a famous quote by Rabindranath Tagore. Every reaction requires an action. You’ll never achieve your goals if you don’t take a chance. With every decision comes risk, but you only need to win more than not. The fact is you are not even in the game without taking the risk of stepping in. Take the road less traveled- these respondents said it made all the difference in their lives.

8. Failure Is Inevitable, But It Can Make You Stronger– One thing these women had in common is they were rejected from something they intensely wanted at least one time. Each one took it as a sign to work even harder and that’s what they attribute to their great success. Every one of your failures is laying out a path for your eventual success. Michael Jordan, who is regarded as the greatest basketball player in history, was cut from his varsity team numerous times and said, “I’ve failed over and over and over again in my life. And that is why I succeed.” How do you really know what a success is if you have not experienced a failure? These women advised embracing the failure and working harder to get an even better outcome.

9. Study, Study and Study– Get off the video games and reality television and put the time into improving your grades. With all the social media out there, it is hard to not let it invade your life, but you must. The difference between a valedictorian and a salutatorian can typically come down to one grade in high school. Colleges love to boast about the number of valedictorians and often provide greater scholarships and admissions. Students who work hard and achieve in high school learn to develop high expectations and demand stellar outcomes from themselves, which, in turn, become life-long traits. As Socrates said so eloquently, “Wisdom begins in Wonder”, so start contemplating and studying.

10. Get Into The College You Really Want To Attend– According to Vanderbilt economics and law professor Joni Hersch, who has researched and published on this subject, students who attend low-tier undergraduate institutions seldom transition to top-tier graduate schools. Even more daunting is those who do, rarely achieve the earnings power of peers who attended elite colleges. Women have it much tougher- A lower tier college graduate who attended a higher tier law school, as an example, earns only about 60 percent of the salary of a lawyer with a bachelor’s degree from an elite level college. Christopher Avery, a professor of public policy at Harvard’s John F. Kennedy School of Government, has published and researched college as a mode of social mobility. Students who earn a degree from an elite college, even those with unremarkable grades and test scores, are handily too far ahead of those who don’t, which is why they will never catch up. The networks, resources and teaching at the elite schools typically cannot be rivaled by other colleges and set the path for success into motion. The most elite recruiters go to the most elite colleges. Recruiters often like to select candidates from the elite colleges they attended. The take away here is work hard and get into the best college you can. It will make a difference, according to the respondents and the research.

This was an interesting and thought provoking project for me personally. As a high school sophomore with two high achieving sisters currently attending elite colleges, I have seen firsthand how the right choices in high school can impact options for future success. I hope this list helps guide you to a life filled with opportunity.

Have you ever wondered what advice some the most successful women in this country would give to current high school girls? I did and I spent over a year contacting women who have reached the pinnacle of achievement in their respective fields and created a questionnaire to get some pearls of wisdom. As a high school sophomore highly focused on education and success, I compiled a top ten list of things these women would do differently in high school, if given the opportunity. Hopefully, it will put you on a path of success, as well!

Article Source: http://EzineArticles.com/expert/Madison_P_Singh/2270376

 

Forgiveness – The Eraser of Anger

Forgiveness really is the eraser of guilt and anger. It is the key that opens the shackles of the past and permits us to move on with our life in a freer, far lighter way. Once we accept this we can start the process of healing that each of us deserve.

Keep these approaches in mind as you reflect and move along on your journey of forgiveness:

— Your ultimate aim is to release the hurt and the anger that is feeding the pain. Just as you can recover from a painful thorn in your finger by pulling it out, so you can recover from any painful experience by moving forward. When it no longer has a place deep in your heart and mind, it can no longer fester, and the hurt can at last come to an end. Choosing to forgive means you allow those bad feelings to leave your life once and for all.

— It’s critical to replace bad feelings with neutral ones. When the facts remain unchanged, but those facts no longer have the ability to hurt, then you can move on from the past. You transform from being a victim and become the victor. You are human, and so you can be hurt. Human beings really are resilient, and because you are human you can heal – from a love betrayal or awful, unfair experiences in your life. If you’re still reacting, then you’re still stuck in some kind of emotional mud. Through forgiveness you can be free of those toxic reactions.

— Humor is a wonder of healing. If you are able to smile about the love that let you down, or joke about the years you fought with a sibling, family member, or lover then you trade pain for a different emotion. That heavy load is shifted, substituted by a newfound lighter feeling that can even put a spring in your step. The healing power of forgiveness springs from our ability to move on from our anger and resentment. These emotions don’t really hurt those ones who have hurt us, but they certainly do hurt us. Once we forgive we’re actually protecting ourselves; we clear our mind, our emotions, and a great deal of our time. Focusing on more empowering and positive areas liberates and distances us from the event or person who has hurt us.

Forgiveness removes us from harm’s way. As far as we continue to dwell on and concentrate on hurt in the past, continually reacting to the damage somebody has created, we remain emotionally stuck with that person and with what they have done. Forgiveness breaks the chains that lock. With it we take a huge step forward with our lives, releasing the negativity and shielding ourself from toxic emotional involvement.

— Rehashing a hurtful experience over and again keeps it fresh in the mind, creating mental and emotional upset. Should the topic arise in conversation, it’s much better to respond with: ‘I’m choosing not to focus on that experience. I’m allowing it to fade from my life, and I’m moving on to better things.’

— One of the most important factors of the healing process is our own self-talk. What we say to ourself is the most powerful driving force. Choosing words that feel true to yourself, we may say: ‘I choose to feel wonderful today. No matter what others may say or do, my happiness comes from within. I alone determine how I feel.’

Affirmations such as: ‘I am now taking care of the child within, and I am doing a really good job. I alone have direct control over my psychological wellbeing. I focus on the positive things in life. I wake up each day and focus on things that are beautiful and right.’

When we at last come to see that our anger hurts only ourselves, then we can reach that state where forgiveness is possible. With forgiveness we draw that line under the past and allow ourselves to move on with our life.

In this freer state, we can finally move on from the past, and at last start to live the life with which we have been gifted.

Peter Field is a leading UK therapist. Please visit his Hypnotherapy Birmingham website. His self-hypnosis MP3 download ‘Letting Go of the Past’ is now available.

Article Source: http://EzineArticles.com/expert/Peter_James_Field/248814

 

Cable News With An Agenda – Is That Fake News Too?

It is amazing the history of free press suppression amongst those who want to take or remain in control. And more than one philosopher has noted that; He Who Owns The Media, Owns The Minds Of The People. Today we see Silicon Valley, namely Google and Facebook wanting to eliminate what they call “Fake News” from their websites, namely Google News and Facebook’s News Feed. Of course, this presents a rather slippery slope – one of mass censorship. Indeed, both companies have been caught suppressing right-wing news and enhancing positive news towards left-leaning politicians.

In Washington DC, there is work to prevent Fake News in the media or online to keep foreign governments from trying to subvert our elections or poison the minds of our people from propaganda. Still, it is obvious by the mainstream media’s reporting on this effort in Washington DC that the target is right-wing alternative online news. The mainstream media is worried that it is losing millions of viewers, thus huge amounts of advertising revenues due to online news sites – competition they’d prefer not to have. Are all these forces; the mainstream media, Democrat Party, and major Internet social networks and search engines converging to control the our information and control the minds of the masses?

Well, if history is any judge, then the answer is yes. All dictatorships, communist countries, and even the NAZI regime worked very hard to control the news. Even the terrorists, spies and nation-states that sponsor terrorism use the news for propaganda.

There was an interesting article in Foreign Affairs published on January 7, 2014 titled; “Al Jazeera’s ‘False News’ Problem,” by Judy Bachrach. The way I see this is that every news agency has an agenda, and one hell of a lot of power owning the minds of the people. When discussing this at our think tank, one thinker noted;

“The author of that article placed Israel right near the central fulcrum of their judgement, then gives a contradictor closing, then sums it up this way: 1. Can’t blame them for abusing journalist who lie,
2. Guess, I should side with the liars because 2nd Amendment says – it is their right to lie.”

The think tanker type notes that this is dangerous emotional banter, rather than facts and states he’d rather read something about the American Networks because he often has to go to BBC, and other media outlets to get the real news.

Wow, now those are some interesting comments indeed. Still, when I look at news media like RT (Russian TV) it often has a negative slant towards the US, sometimes they are right and make us look in the mirror, sometimes it’s just persnickety negative diatribes. More like a clock, right a couple of times per day. Al Jazeera America, I believe is often better than RT, but not when it comes to Middle East sectarian issues, they are all one-way also. RT is generally leftist slant, makes sense. Modern day news, well it takes a sharp eye and commitment to read between the type, bullet points and sound bites.

When we look at FOX News they lean right, and CNN, MSNBC, CBS, ABC, all lean to the left and seem to be out to attack anything on the right. So, I ask; what is really FAKE NEWS – folks – it’s all fake news, that’s my take.

Lance Winslow is the Founder of the Online Think Tank, a diverse group of achievers, experts, innovators, entrepreneurs, thinkers, futurists, academics, dreamers, leaders, and general all around brilliant minds. http://www.WorldThinkTank.net – Have an important subject to discuss, contact Lance Winslow. Lance also writes eBooks on all sorts of topics including this one, check out the selection.

Article Source: http://EzineArticles.com/expert/Lance_Winslow/5306