EL DORADO HILLS, Calif., Oct. 13, 2020 /PRNewswire/ — Patra, a leading provider of technology-enabled solutions for the insurance industry, along with AmWINS Group, CRC Group, Heffernan Insurance Brokers, are among the leading companies that have formed InsurConneXtions Alliance, a strategic alliance that will prioritize, develop, and integrate specific technology solutions into critical insurance processes – for the purposes of driving processing efficiencies and industry standards.

The Insurance industry will need to rapidly adopt technology to drive efficiencies and economic value for our customers

The formation of InsurConneXtions represents leaders across insurance technology, brokerage, wholesale, and specialty insurance, and represent over $50 Billion in Insurance premiums. 

With a multitude of decisions and rapid changes facing the insurance industry, collaboration and cooperation is required to accelerate the integration of technology into critical and high-volume processes. The charter members of the Alliance are well positioned to leverage their expertise, experience, and market position to accelerate the deployment of technology into a variety of insurance processes. 

The alliance has unanimously selected to begin its collaboration by focusing on technology and efficiency improvements to policy checking. Policy checking is a high volume and comprehensive process that performs a critical validation for accuracy and integrity of policy issuance across carriers, wholesalers, and brokers. Beginning this month, alliance members will work together to drive the evolution of Patra’s industry leading policy checking solution.

“The need for insurance leaders to collaborate on technology has never been more important and this InsurConneXtions will be an important and strategic contributor,” said John Simpson, CEO and Founder of Patra. “With industry leading firms along with Patra’s technology and full-service delivery capabilities, a collaborative approach will help ensure a more rapid delivery of tech-enabled solutions to help solve our common challenges.”

“Speaking on behalf of the membership, we are excited

(Bloomberg Markets) — JOYCE CHANG

Chair of global research at JPMorgan Chase & Co.



a person posing for the camera: Joyce Chang


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Joyce Chang

What’s your morning ritual when working from home?

Coffee first, scan the print newspapers delivered to my door second.

What has brought you joy this year?

The biggest windfall was the “live” time with my two kids. If I were to do over anything in my career, I would have better balanced my work-travel schedule and time with family.

What was your most significant accomplishment in 2020?

A crisis is always an opportunity to set precedents. The way that we work, share information, communicate, and interact with clients is forever changed.

What would you do differently if you had to go through a lockdown again?

Embrace disruption.

What will 2020 be remembered for?

Speed. Paradigm shifts. Zero yield. Cultural intelligence: the need for people to be seen, heard, and treated fairly.

HOWARD DAVIES

Chairman of NatWest Group Plc



Howard Davies wearing a suit and tie


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Howard Davies

What’s your morning ritual when working from home?

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Dragging a reluctant dog round the village to wake myself up and confirm that there is a world outside Zoom.

What has brought you joy this year?

A first grandson, and the discovery of some excellent Austrian pinot noir.

What was your most significant accomplishment in 2020?

I made a set of card models of Brutalist London buildings, which reminded me that there are aspects of London I don’t miss.

What would you do differently if you had to go through a lockdown again?

Move promptly to Sweden.

What will 2020 be remembered for?

The pandemic itself, but the explosion of government debt might merit a footnote, whose long-term consequences are uncertain.

GITA GOPINATH

Chief economist of the International Monetary Fund

What’s your morning ritual when working from home?

Wear

New Zealand’s response to the coronavirus pandemic has been the best in the world and is the country that gives business leaders the most confidence for future investment, according to a Bloomberg Media survey.



a group of people on a city street: Photograph: Phil Walter/Getty Images


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Photograph: Phil Walter/Getty Images

New Zealand ranked strongly for political stability, the economic recovery, virus control and social resilience in Bloomberg’s market crisis management index, published on Thursday.

The index scores New Zealand at 238, above second-placed Japan at 204 and Taiwan in third on 198. Australia was sixth with 151, while the UK and US – despite their high case numbers and fatalities from Covid-19 – were ninth and 10th.

Related: The New Zealand election, like watching a political fight through the Calm app | James Nokise

In a boost for Jacinda Ardern’s chances of winning a second term in the election on 17 October, New Zealand scored the highest ranking in each of the categories.

Its political stability ranking was its best score and was also the most preferred holiday destination for executives once it was safe to travel.

As Auckland enjoyed its first day free of restrictions since a second wave hit, New Zealand’s finance minister, Grant Robertson, said the government’s plan to go “hard and early” against the virus had been a success.

“We have one of the most open economies in the world because we set out a plan and stuck to it. We have eliminated our second wave, as others are still grappling to get this virus under control.

“Our clear plan to deal with Covid-19 is being noticed, particularly by global businesses. Our strong and steady Covid response means we’re opening up investment opportunities to support the recovery and rebuild.”

More than half of the business leaders surveyed said they were still highly concerned

The comments from the leading Fed officials were the latest evidence of the central bank’s growing attention to persistent inequality in the economy — a gap that appears to be widening during the coronavirus pandemic. Black and Hispanic workers have been hit harder by the economic fallout from the Covid-19 lockdown than white workers.

The Fed itself has faced criticism for inadvertently exacerbating inequality because its emergency policies are designed to backstop financial markets and allow companies to borrow money. That has boosted the stock market, most of whose value is owned by the wealthiest Americans, even as some major companies have continued to lay off workers. Just 1.2 percent of the value of stocks is held by Black families and 0.5 percent by Hispanic families, according to quarterly Fed data.

The central bank officials Wednesday said that now is the time to face uncomfortable questions about race and the economy.

“First, we have to listen more,” Rosengren said. “This is an attempt to be listening more.”

They said that while the Fed has limited capabilities to intervene in targeted areas of the economy with monetary policy — it can’t provide grants or unemployment benefits like Congress — it does wield regulations, data and influence with other policymakers. Fed Chair Jerome Powell has repeatedly called on Congress to deliver more emergency aid to the most vulnerable Americans, including in a speech on Tuesday.

Bostic said it was important for the Fed to signal with its actions that it represents all Americans.

“We’ve got to think about how do we lean in to a number of areas that we may not actually have the specific authorities or policies that drive it,

LONDON — When the coronavirus pandemic closed workplaces earlier this year, businesses effectively went from having one or more locations to having as many offices as they did employees, as staff worked from home.

For software company Splunk, this effectively meant going from 35 offices to more than 6,000 “overnight,” according to the firm’s Chief Technical Adviser James Hodge. Having so many people working at home has meant a more trusting style of leadership is necessary, Hodge told CNBC’s “Squawk Box Europe” on Monday.

“The first few months (of the pandemic) were incredibly challenging, I think a lot of us ended up working incredibly long hours. If I just take Splunk as an example, we’ve spent a long time communicating with our employees, understanding what the impact’s like,” Hodge described.

“There’s been some brilliant parts about it to give people flexibility, but … on the other side, we do need to be completely aware of where the additional pressures are going,” he added.

While some governments have encouraged office-based employees to go back to their workplaces, many are still working from home. Splunk is training managers to understand employees’ wellbeing and other needs, Hodge said, and has put in place measures such as prohibiting video calls on Friday afternoons.

“The real big key about it is trust. We went from 35 office locations to over 6,000 office locations overnight. People are our greatest asset and we’ve got to put the trust in them to be able to go and flex their work around and understand their needs and just adapt,” Hodge said.

Having people work from home also means businesses will be able to recruit from a wider talent pool, Hodge added.

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