The Cyber Insurance Market Needs More Money
Harvard Business
MARCH 10, 2022
Securities could help give insurers the breathing room they need to keep growing — and meet customers’ mounting needs.
How the Financial World Adapts to Climate Change
Tom Spencer
OCTOBER 16, 2021
Knowing the ins and outs of upcoming trends in finance is indispensable for any aspiring consultant. A prime example for such a question is how finance is adapting to the issue of climate change, and might assist its mitigation. Green Finance. For instance, the payout might increase with the wind speed recorded for a hurricane.
Financial 
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Why CEO’s Hire Consultants and Coaches: The REAL Value They Bring with Brad Rex
Consulting Matters
APRIL 13, 2023
Brad had an unconventional start to his career after meeting his boss's boss while studying finance at college. During his twelve-and-a-half-year tenure, he worked in finance and strategic planning before taking over as leader of Epcot theme park on the week of 911, 2001.
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Wealth Management 101: The Hidden World of Private Banking
Tom Spencer
JUNE 30, 2023
The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. In simple terms, asset management firms are the ‘manufacturers’ of investment products (e.g., clients can purchase iShares on the RBC Wealth platform).
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Liquidity Insurance
MishTalk
JANUARY 23, 2014
per cent in the 12 months to October, according to Factset, a market data company that compiles a consensus of analysts’ forecasts. Nick Nelson, an equity strategist at UBS, said: “ Chief executives and chief financial officers have been battle-scarred by 2008-09, when they couldn’t get financing when they wanted it.
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Wealth Management: Building and Protecting Fortunes
Tom Spencer
APRIL 14, 2023
A client’s risk tolerance will tend to increase in proportion to their income and investment experience, and decrease inversely in proportion to their age, family or health problems, number of financial dependents, and market volatility. Zuhair Imaduddin is an Innovation Development Analyst at JPMorgan Chase.
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Why Life Insurers and Asset Managers Must Join Forces to Win
BCG
DECEMBER 15, 2016
Article Thursday, December 15, 2016 Life insurers are feeling the squeeze. Yet that income stream is weakening, as low-risk investment yields dip toward 0% and central banks continue to drain the bond markets. As each side of the business jockeys to promote its own agenda, a life insurer can quickly lose sight of its long-term goals.
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Finance Can Be a Noble Profession (Yes, Really)
Harvard Business
JULY 17, 2017
When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. And it is truly fascinating.
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China Faces "Minsky Moment" on Ponzi Financing
MishTalk
MARCH 21, 2014
Inquiring minds are tuning into a report on the Ponzi finance setup in China. We have described in detail over the past two years how we believe China’s twin excesses (excessive investment funded by excessive debt) will inevitably unwind, causing a substantial slowdown in China’s economy, significantly below market expectations.
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The Transformative Power of AI in Business
Tom Spencer
JUNE 9, 2023
For example, in industries like finance and accounting, AI-powered systems can process invoices, perform data entry tasks, and generate financial reports with minimal human intervention. This data-driven approach can enhance agility and enable businesses to respond in real time in rapidly changing markets.
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How the Insurance Industry Can Push Us to Prepare for Climate Change
Harvard Business
AUGUST 28, 2017
It might seem, then, that private insurance can be of little help in addressing climate change. There’s concern that for-profit insurers won’t want to insure risky properties, and that individuals won’t have the wherewithal to buy insurance plans in the first place. Dating back to at least F.
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How To Pitch A Disruptive Business Plan
Tom Spencer
DECEMBER 9, 2017
The Maintech Summit at the Frankfurt School of Finance and Management (co-sponsored by Excon , a local start up instigator) is the first real academic-based “shark-tank” environment for disruptive start-ups in Frankfurt. The concept of medical cannabis covered under health insurance has just become law in Germany. Blockchain 2.0
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The Far Reaching Impact of Blockchain
Tom Spencer
JANUARY 7, 2017
Blockchain technology has been applied in the finance industry in the payments space. However the technology has many other uses – starting with the ability to better monetize alternative energy to the digitisation of insurance contracts. For example, Customer A authorizes payment to buy a convertible bond.
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The Corona Virus for Small Businesses
Consultant Journal
MARCH 5, 2020
Think about what’s actually needed for your sales and marketing : Wave or nod instead of shaking hands. Consider arranging financing ahead of time, as part of business continuity preparations. If you haven’t already, you may want to look into business continuity plans and insurance.
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Health Economics Part I – Introduction
Tom Spencer
JUNE 15, 2019
However, they attempt to understand the health care market by modelling it as a competitive market driven by traditional forces. Now, this is true for other markets, but in medical care the consequences for consumers of poor choices are more dire than in other markets. This moral hazard further skews cost predictions.
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Oliver Wyman interview preparation: the inside story
Management Consulted
AUGUST 1, 2013
Now a subsidiary of Marsh & McLennan, Oliver Wyman is known to give MMC its strong reputation as experts over other insurance providers because of the firm’s focus on strategy. Oliver Wyman’s CEO, John Drzik, states that the long-term aspiration is to be recognized widely in the market as the gold standard in consulting.
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Asset Management – Industry Overview (Part 1 of 4)
Tom Spencer
MAY 18, 2019
These asset classes can include public equities/stocks, fixed income/bonds, money markets, commodities, infrastructure, real estate and alternative strategies – including hedge funds, private equity and venture capital. As such, asset manager performance tends to be correlated with stock market performance. Franklin Resources.
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China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?
MishTalk
DECEMBER 26, 2013
China''s Move to Market-Set Rates Let''s step back to December 8 and look at China Relaxes Grip on Interest Rates China is relaxing its grip on interest rates with the launch of a financial instrument that allows banks to trade deposits with each other at market-determined prices. China’s credit boom is still in full swing.
Obamacare Fraud Free-For-All Now Underway; "ObamaMarket" Enrollment Starts October 1
MishTalk
SEPTEMBER 11, 2013
Finance Exchange says Obamacare Could Be a Fraudsters’ Free-For-All. Have any idea where to find a health insurance exchange? The proper response to fraudulent marketing, of course, is to hang up, delete or slam the door and then contact the FTC. they need insurance, and help enroll them in Obamacare if necessary.
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Making Microfinance More Effective
Harvard Business
OCTOBER 5, 2016
While meeting this challenge is a clear priority for policy makers and donors, it is also a major profit opportunity for commercial players who can solve market failures and create real value. Insurance is highly valuable to protect against shocks but is difficult to scale. Digital financial services let people help each other.
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Asset Management – Client Segmentation (Part 3 of 4)
Tom Spencer
JUNE 1, 2019
Large mutual funds have strong relationships with banks, where they are able to pay a trailer fee to bank investment advisors to market their product. However, they also make money via securities lending when other market participants want to borrow their stocks in order to short them. Institutional Asset Management. Image: Pixabay.
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60 Accenture Careers
CaseInterview.com
JULY 18, 2019
The Financial Services Operating Group concerns itself with Banking, Capital Markets and Insurance. Accenture careers in this field are all about working with clients to rethink marketing in an age that is simultaneously global in scale yet focusing on the customers as individuals. Finance and Performance Management.
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Frankurt: Europe’s New Fintech Hub?
Tom Spencer
NOVEMBER 19, 2016
Further, with Fintech taking hold as a revolutionary force in banking and insurance, the large banks here are considering how to transition in a digital world which will change their business operations and market footprint – and that is not limited just to corporate banks, but global powerhouses like the ECB itself.
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Target Drops Healthcare Coverage for Part-Time Workers, Claims No Reduction in Hours; Thank Your Employer?
MishTalk
JANUARY 22, 2014
Effective April 1, Target to Drop Health Insurance for Part-Time Workers. Even though it is not effective yet, it is already having an effect on the job market and putting companies where they would probably not otherwise want to be.” Finance says You May Want to Thank Your Employer. Today, Target, the second-largest U.S.
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Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?
MishTalk
DECEMBER 27, 2014
Anton Siluanov, finance minister, said state-owned VTB, the second-largest lender by assets, could receive Rbs100bn before the end of this year and another Rbs150bn in 2015, while Gazprombank could be allocated Rbs70bn. The central bank said that the state-run Deposit Insurance Agency would provide Trust Bank with up to Rbs99bn.
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72 Controversy in Detroit: What's a Fair Settlement of Bondholder and Pension Obligation Claims?
MishTalk
FEBRUARY 4, 2014
And in the view of bondholders, bond insurers and other financial institutions, it only grew worse last week after the city circulated its plan to emerge from bankruptcy and filed a lawsuit on Friday. Orr, seeks to invalidate complex transactions that helped finance Detroit’s pension system in 2005.
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Small and Young Businesses Are Especially Vulnerable to Extreme Weather
Harvard Business
NOVEMBER 23, 2016
Almost one third of the firms negatively affected by the storm had no insurance of any Consistent with our predictions, young firms and small businesses insured at much lower rates. Firms applied for credit to finance recovery. Here are some initial priorities for small businesses, insurers, and public policymakers.
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28 Health Care Is an Investment, and the U.S. Should Start Treating It Like One
Harvard Business
APRIL 2, 2018
For one thing, physicians, insurers, and patients often have limited data on the relative value of different health care services. Because patients regularly change insurers, any individual insurer has less incentive to commit to investing in an expensive, high-value treatment if the return on investment could end up accruing to a competitor.
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Blockchain as Monetized Infrastructure
Tom Spencer
AUGUST 19, 2017
Their sights instead are set on a part of the market that is still coming into its own but where blockchain and cyber currency are likely to have their biggest influence. In turn, this safety feature and the driver’s use of it could be factored into insurance premiums, even if you are only renting a shared automobile. Image: Pexels.
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60 Each Firm's Favorite Cases
CaseInterview.com
JUNE 13, 2019
If your interviewer works with insurance companies, there's a good chance you'll get an insurance case. For example, McKinsey Houston I've heard has more Oil & Gas cases than say McKinsey New York City - which has more finance, media, and retail cases. If they work in high-tech, you'll get a high tech one, etc.
Split Appeals Court Rulings on Obamacare Subsidies; Pizza Party for Obama? How Much Would Premiums Rise?
MishTalk
JULY 22, 2014
Two federal appeals court panels issued conflicting rulings Tuesday on whether the government could subsidize health insurance premiums for people in three dozen states that use the federal insurance exchange. million people who were found eligible for subsidized insurance in the federal exchange, or marketplace.
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63 Blockchain Entertainment
Tom Spencer
OCTOBER 14, 2017
This starts with insurance but also extends to supply chain management and shipping. There are already blockchains on the market which are specifically designed for content management and monetization. As of last year, it became the third largest digital currency as measured by market cap. If this sounds futuristic, think again.
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France in Review: Perfect Track Record of Economic Ineptitude
MishTalk
DECEMBER 31, 2013
Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.
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Descent of the Global Monetary System
Tom Spencer
MAY 9, 2020
Australia, Canada, the EU, Japan, Mexico, the UK, and America), when they devalue their currency it tends to weaken in the foreign exchange market, making the country more competitive in global trade. For example, if the US government spends more than it collects in taxes, it can finance the budget deficit by selling bonds.
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Oliver Wyman Careers
CaseInterview.com
JULY 18, 2019
Marsh and McLennan is a large, publicly-traded professional services and insurance brokerage firm with over 50,000 global employees and $10 Billion in revenue. Consultants here tend to serve insurance, investment banking, retail banking, government agencies, payment processors, and private equity fund clients.
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49 Bogus Audited Statements Are Holding Africa Back
Harvard Business
AUGUST 22, 2016
The Great Recession revealed one of the weakest links in Africa’s quest to build strong capital markets — bogus audited statements. After the fall of Lehman Brothers, the cascading dominoes spread around the world crippling markets and decimating companies.
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How Leading Companies Build the Workforces They Need to Stay Ahead
Harvard Business
SEPTEMBER 6, 2017
New innovations will change the basis of competition in many markets and alter the sources of advantage for most companies. Take insurance, for example. In years past, an important source of competitive advantage for insurers was the ability to price risk better than rivals. Most companies have been slow to react.
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44 What the CVS-Aetna Deal Means for the Delivery of U.S. Health Care
Harvard Business
DECEMBER 5, 2017
The recent announcement of CVS’s $69 billion deal to acquire Aetna brings an insurer together with a large network of primary care providers: CVS has built more than 1,100 Minute Clinic locations inside its pharmacy stores in 33 states and the District of Columbia. But back to the insurers.
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European Commission President Jean-Claude Juncker Caught in Another Lie, Plans Mutualized Bank Guarantees
MishTalk
NOVEMBER 12, 2015
Brussels is drawing up plans to gradually siphon cash away from national bank deposit guarantee schemes over the next decade to fund a new eurozone-wide insurance system, a move likely to trigger a bitter clash with Germany. But it would evolve via intermediate steps into a fully mutualised system by 2024, the documents show.
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28 Mobile Phones Promise to Bring Banking to the World’s Poorest
Harvard Business
APRIL 4, 2016
” These services include the ability to deposit and withdraw their earnings, transfer money to friends and family, open and manage savings accounts, and insure their businesses. Consider, for example, a young working mother in the fast-growing mobile market of Pakistan. But then a drought hits, and his crops fail.
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28 Is the Selloff in Treasuries Overdone?
MishTalk
SEPTEMBER 5, 2013
Central bankers are shifting to forward guidance, which if reliable, allows financial markets and real economies to plan several years forward in terms of financing rates and investment returns.”. longer-dated TIPS as insurance against just such an outcome. soon be the nearly sole focus of central banks. Instead of QE, central.
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Customer intent is a treasure trove of actionable data hiding in plain sight
1 to 1
JULY 29, 2022
Insights into what customers want and need are more important than ever as the economy and market conditions change. And inquiries about loyalty rewards were common across nearly all industries — retail, public sector, automotive and manufacturing, travel and tourism, insurance, finance.
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29 The Innovation Health Care Really Needs: Help People Manage Their Own Health
Harvard Business
OCTOBER 30, 2017
Whereas new technologies, competitors, and business models have made products and services more affordable and accessible in media, finance, retail, and other sectors, U.S. Employers and insurance companies — not end consumers — call the shots on what kind of care they will pay for. This shift is long overdue.
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28 Mish's Global Economic Trend Analysis: "Win-Win" Situation for.
MishTalk
JULY 11, 2013
Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. GoldMoney: The Best Way to Buy Gold & Silver. Dollar Collapse News on the Dollar's Death Spiral. Automatic Earth.
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