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Managing strategic risk for global companies

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ZURICH, Nov. 25, 2020 /PRNewswire/ — The following is from Fred Kleiterp, Regional CEO EMEA Swiss Re Corporate Solutions

In today's complex world, companies face multiple challenges when it comes to insuring global assets. Operating across different jurisdictions, they frequently have to deal with a confusing set of local policies with varying degrees of cover.

International insurance programmes offer the opportunity to take a consistent approach to risk management, but there are a number of inefficiencies in the way they operate today.

Traditionally the preserve of major multinational corporates, such programmes are now being purchased by mid-sized and even smaller companies as they expand their business, supply chains and financial assets into different countries across the world.

However, these smaller organisations face substantial challenges in implementing international policies. For example, many struggle to prevent local offices buying policies from non-programme entities, and there can be higher costs involved in such a set up.

For insurers, the challenge is to quantify risks in parts of the globe where they may have no previous experience. And creating standardised policy wording to cover all jurisdictions is a major technical challenge. Swiss Re Corporate Solutions aims to overcome these challenges and advance Corporate Insurance by developing industry solutions together with partners like Württembergische Versicherung.

Technology to the rescue

Some more established insurance companies rely on legacy systems with processes that have been pieced together over time, as well as conflicting technologies that simply do not talk to one another.

To overcome the inefficacies in these legacy systems, which can cause process frictions including delays in settling claims, we need to leverage todays technological advances such as cloud computing to build open and connected industry platforms with API connections to achieve an end to end integration. Other industries are demonstrating the power of such architectures.

International programmes involve sharing a great deal of data, much of it unstructured. By structuring data consistently, all parties have a full picture of the risks they are insuring and the cover they are receiving.  

Of course, it's possible to use solutions like artificial intelligence to sort this mass of unstructured data, but the only way to make things simpler and more cost effective is to automate the process from end to end.

Above all, international programmes need to be fast, accurate and transparent – and this can only be achieved by deploying technology and data standards.

Transparency for all parties

Contract certainty is a prerequisite to ensuring coverage is complete across all territories. Put simply, customers need to be able to see what risks are covered and where. Again, technology has a critical role to play by making policies transparent on a single platform.

But addressing customers' pain points is about more than just standardising policies, vitally important though that is. It's also about using data to understand and price risk more accurately, wherever in the world our clients operate.

As insurers we are seeing the same trends – reduced capacity, the need for better underwriting discipline and rising insurance rates. But if we can work together and share technology to innovate and stay one step ahead, there is much cause for optimism.

The fortunes of our industry are closely linked to the health of the global economy and there is evidence from our latest sigma report – World insurance: riding out the 2020 pandemic storm – that we are likely to outperform the recovery when it comes.

At Swiss Re, we have a vision for advancing the insurance industry through technology. We're already using digital technologies to deliver international programmes. As we've seen, time-consuming workarounds can make it cumbersome to administer programmes on an international scale and across jurisdictions.

We want to make this process simpler and more agile. And we need to better understand the risks we are insuring. As investment returns diminish globally, improving underwriting profitability across the industry will be ever more important.

Setting new standards

In order to achieve these goals, we designed and built a platform appropriate for today's world and the future. Using technology in this way, we can help drive the industry forward and begin to set new standards.

Our solution – the International Programme Administration platform (IPA) – combines technology with deep risk insights in a single platform to address the needs of our customers and eliminate inefficiencies.  

In addition to using the platform to support our insurance customers, we are now also offering it to Brokers and other Insurance Companies. In this way, we start to address some of the more structural challenges of communication between market participants.

The latest partner to take advantage of the IPA platform is Württembergische Versicherung. The German insurer will have access to our network of over 150 local office and network partners as of 1st January 2021. This will help it grow its corporate business book while delivering structured and compliant multinational programmes to its customers.

IPA will also allow Württembergische Versicherung to use our ONE Form standardised property policy framework, which delivers higher policy accuracy, increased contract certainty and faster processing – wherever in the world their customer is operating.

In too many cases, the customer experience of international insurance programmes isn't up to scratch. But with the whole industry – carriers, brokers and customers – on board, we can reboot it for today's fast-changing and increasingly uncertain world. Let's act now to improve efficiency and give customers the service they deserve.

Above all, we want to make the world more resilient. By taking a data-driven approach and addressing industry inefficiencies, we believe we can do just that.

Photo – https://mma.prnewswire.com/media/1338041/Swiss_Re_Corporate_Solutions_Fred_Kleiterp_HeadShot_Photo.jpg
Logo – https://mma.prnewswire.com/media/891484/SR_CS_CMYK_Logo.jpg

 

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HKGSEO Provides Free Website SEO Analysis and Consulting Services

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HONG KONG SAR – Media OutReach – 5 January 2021 – The COVID-19 epidemic has lasted for nearly a year. The sharp fall in the street traffic has been affecting core shopping districts everywhere. In addition, under the “Anti-epidemic Fund”, the Innovation and Technology Commission (ITC) launched the ” Distance Business (D-Biz) Programme subsidy. Increasing number of large and medium-sized enterprises have turned to the online market, setting up websites and opening online shops, in an effort to open up online sales channels to recover some of their businesses during the epidemic.

 

As many companies are not familiar with website technology, website optimization and SEO promotion are often ignored. In fact, SEO is one of the highest ROI of many online marketing channels and it is worthy of a long-term investment.

 

HKGSEO has performed SEO for more than 500 enterprises, with the SEO process bringing considerable traffic and sales to the companies. Leveraging on their years of experience, they now provide free website analysis (worth HK$2,000) for all content types. Here are some website analysis projects HKGSEO has engaged in:

 

CMS Web Content Management System

 

We recommend using the most popular CMS in the market to build a website. Well-known CMS such as WordPress, Wix, Shopline, and Shopify will make it easier to manage web content and make the website easier to crawl and index by search engines.

 

HKGSEO hence cautions against web design companies that use their own CMS. Generally speaking, these websites are not SEO friendly. For example, they might have undesirable attributes such as duplicate page titles, dynamic URLs, or category pages that cannot update new content, etc. These attributes are disadvantageous to implementing SEO plans, which ultimately leads to the redesigning of the entire website, resulting in a much higher cost.

 

SSL Website Security Certificate

 

If your website does not have an SSL certificate (HTTPS) installed, it will be marked as an insecure website by the browser, which will adversely affect the credibility and conversion rate. SSL should be installed immediately to protect customer information, especially for e-commerce websites. There are some free SSLs available on the market, such as Let’s Encrypt, with paid premium certificates recommendation by online shops.

 

Mobile Version of The Website

 

The latest personal computer and Internet penetration survey published by the Census and Statistics Department shows that more than 5.97 million people in Hong Kong have mobile phones, and 99.7% of the users access the Internet on smartphones, higher than those connected to computers or other devices. Besides, Google has launched the Mobile-First Indexing mobile version of content priority indexing. If your website does not have a mobile version, the ranking will be poor and a lot of traffic will be lost.

 

Website Loading Speed

 

According to research, more than 68% of viewers will leave a website when it takes more than 3 seconds to open. The main reason for the slow loading is the use of shared hosting or non-local hosting. Switching to local hosting, SSD or CDN can effectively improve the loading speed.

 

Website Content

 

Is the website content of high quality? Does it answer the questions of potential consumers? To build up the content, some corporate websites have piled up keywords, and some have published blog articles regularly. However the content of the articles is sometimes plagiarized from news media. Plagiarism makes search engines recognize the overall website quality as low, which will in turn affect the ranking.

 

Websites and online shops are platforms that promote businesses. An optimized website will reward twice the results with half the effort of both online and offline marketing campaigns combined.

 

Please log onto www.hkgseo.com, fill in the website, email and contact number, and our network promotion experts will reply within one working day and arrange a free SEO analysis and consultation.

 

About HKGSEO

HKGSEO focuses on website SEO services. It is founded and operated by former Google employees. The company is based in Hong Kong and has branches in Shenzhen, Singapore and Australia. It is committed to providing affordable, one-stop digital marketing solutions for small and medium-sized enterprises. Digital marketing solutions include: SEO, SEM, social media promotion and web design, etc.

 

Website (Chinese):www.hkgseo.com

Website (English):www.hkgdigital.com

Email:[email protected]

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NEFIN in Partnership with Hong Kong Baptist Theological Seminary (HKBTS) Embrace Carbon Neutrality for a Green Campus

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316 Solar Panels Built on 6 Rooftops of HKBTS Campus Buildings

 

HONG KONG SAR – Media OutReach – 5 January 2021 – NEFIN, a leading solar developer and investor in carbon neutrality solutions in Asia, is pleased to announce the implementation of four holistic solar PV systems in the main campus of Hong Kong Baptist Theological Seminary (HKBTS), one of the established seminaries in Hong Kong.  The four solar PV systems cover six rooftops in the campus.

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“It is our pleasure and honour to work with HKBTS to transform their extensive building rooftops into highly-effective solar energy generating fields. Despite social unrest and the outbreak of COVID-19, the project was brought seamlessly to completion.  The NEFIN-HKBTS partnership is exemplary of the flexibility, expertise and operational skills of NEFIN as well as the trust that HKBTS has in us.We are proud to share this piece of positive news to kick off 2021.” said Clara Kwan, COO of NEFIN Group.

The 316 solar PV panels installed can generate approximately 152,559 kWh annually, offsetting 78 tons CO2 emission per year. The scale of this installation would be equivalent to planting 1,297 trees for the earth.

“A Green and Glossy Gospel: God’s creative love is extended to all God’s creations, calling God’s followers to bear the responsibilities for nature and to testify to the reconciliation and peace of the universe.” commented by President Cho of HKBTS.

“NEFIN has successfully completed several projects around Asia in 2020, amidst the challenges of the pandemic. One of the NEFIN’s beliefs is that the effort to achieve carbon neutrality should not be halted as a result of current temporary setbacks. With another challenging year ahead, enterprises should be prepared for future climate challenges, which may be sooner or least expected, like the COVID19 pandemic,” commented Mr. Glenn Lim, CEO of NEFIN.

About HKBTS

Established in 1951, the HKBTS was founded on Baptist heritage. The objective of the Seminary is to cultivate servant leadership in those called by God to serve the churches in face of social and global challenges. In addition to the Ministerial Preparation Program and Graduate School, the Seminary offers Distance Education Program, Lay Leadership Training Program, Pastoral Continuing Education Program, and Music and Art Education Program. For further information, visit www.hkbts.edu.hk.


About NEFIN Group


NEFIN Group is a regional renowned solar developer with bespoke experience in solar system deployment and a committed partner to organisations that aim to achieve carbon neutrality. Founded by a core management team of DuPont Solar Business, legal experts, and investment bankers, NEFIN Group has collectively delivered over 300MW of utility-scale, commercial, and industrial rooftop solar systems regionally. The group offers consulting services such as due diligence, feasibility studies, and lender-technical advice on top of project development, system design, engineering, and asset management. NEFIN Group also offers flexible financing options to partners who opt for zero investment. Please refer to NEFIN’s website www.nefinco.com  for more information.

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Cisco Appoints New President and Chairman for Asia Pacific, Japan & Greater China

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SINGAPORE – Media OutReach – 8 January 2021 – Cisco, the worldwide technology leader, today announced the appointment of Dave West as the new President, and Irving Tan as Chairman for its Asia Pacific, Japan and Greater China business.

 

Dave is taking over from Miyuki Suzuki who has decided to retire after an illustrious career spanning nearly four decades. Dave has been with Cisco for 20 years and held various leadership roles during that period. Most recently, he was the Head of Cisco Japan, where he launched the Japan Country Digitization initiative, built important strategic alliances with key Japanese companies, and drove sustained growth in one of the most strategic markets in the region.

 

Prior to that, Dave held global leadership roles in Cisco, including leading worldwide Enterprise Networking and Security sales. He has also led Cisco’s technology business in Asia-Pacific and Japan and served as the Chief Technology Officer for the region. Dave has spearheaded various key initiatives, designed and implemented innovative go-to-market models, and led multi-year digital transformations for customers.

 

Irving is moving back to Singapore after spending three years in the US where he was the Executive Vice President and Chief of Operations. During his time running Operations, Irving led an incredible transformation and managed effectively and gracefully through several global challenges — most recently leading many of Cisco’s pandemic response efforts.

 

Before moving to the US, Irving held multiple leadership roles in Asia Pacific, Japan and Greater China, including leading the region. He grew the business consistently during his four-year tenure and advanced Cisco’s position as one of the most trusted IT partner for companies. Irving will partner with Dave and his leadership team on special projects to drive growth across the region.

 

Commenting on his appointment, Dave West said: “We are witnessing a major shift in the way businesses operate with technology driving the change. Home to some of the fastest growing and diverse economies in the world, Asia is leading the charge on this front. As a global leader in networking, collaboration, and cybersecurity, we are committed to working with our customers and partners to accelerate their digital transformation so they are ready for the future and can fully leverage the growth opportunities that are opening up. I am delighted to be given the opportunity to lead our business in this dynamic region and am looking forward to building on our success”.  

 

“During his 20 years at Cisco, most recently as the head of Japan, Dave has demonstrated a strong understanding of the region, a great talent for recognizing and maximizing market trends and transitions, and the ability to motivate teams and drive growth. He’s the right leader at the right time. I am delighted that Irving is taking on the role of Chairman for APJC. His experience on the Executive Leadership Team, and as a former leader of APJC, will be invaluable to our efforts to drive sustained growth in the region.” said Gerri Elliott, Executive Vice President and Chief Sales and Marketing Officer at Cisco. “I also want to thank Miyuki for her immeasurable contributions to our customers, partners, and teams, and to me personally. She’s a tremendous leader, leaves a great legacy behind, and I’m looking forward to partnering with Dave to build on that great foundation.”

 

Currently based in Tokyo, Dave will relocate to Cisco’s Asia Pacific, Japan and Greater China headquarters in Singapore.  

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Network and follow us on Twitter at [View Image]@Cisco.

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