Market Watch

Insurance companies need to highlight the diverse and exciting roles and opportunities for growth within the industry if they want to weather a tough job market that has the potential to persist for the next few years. The issue boils down to a branding problem, according to Jason Grant (pictured), VP head talent acquisition & HR technology at CNA Insurance. “Historically, we’ve not done a great job of branding insurance as an industry of choice ,” Grant said. “As a result, there’s a misconception among job seekers around the opportunities within the insurance industry.” The main misconception that jobseekers typically have about insurance is that it’s limited to sales work. But the VP argues this simply isn’t true anymore. “Given the vast product lines that comprise the insurance industry, there is a wide range of career opportunities for individuals that are interested in technology, finance, data analytics, human resources, or legal – and I didn’t even begin to touch on careers that are more typically associated with the industry, such as claim underwriting actuary and risk control,” said Grant. “Everywhere you look what you’re going to see is insurance hard at work, whether that be at a construction site, […]

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(WITN) GREENVILLE, N.C. (WITN) – Greenville small businesses can get financial help with this new program. Greenville City Council unanimously voted for the American Rescue Plan Act program which will support the growth and stability of small businesses. Businesses that meet their requirements can receive up to $50,000 in support. The program was designed to help new businesses and already established ones that are still impacted by the COVID-19 pandemic. The allotted money could go to building renovations, expansions and upkeep, and the purchase of equipment among other things. To qualify for this program, a business must: Be in the Greenville city limits with proof from the Department of Housing and Urban Development Independently owned and operated with five or fewer locations and 100 or fewer employees. A net gross that does not exceed $5-million Greenville will establish a system where businesses are scored and ranked based on their performance in these areas and other business statistics. More information about the application process for the program will be available in March. For more information, contact the City of Greenville at (252) 329-4518. Copyright 2023 WITN. All rights reserved.

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RALEIGH, N.C., Feb. 7, 2023 /PRNewswire/ — First Citizens Bank today announced that its Middle Market Banking business is launching a business-focused webinar series to provide a range of expert insight to owners, executives, service providers and others engaged with middle market companies. The first webinar in the series, New Year, New Economy, New Strategies, will take place on Thursday, Feb. 23 from noon-1 p.m. ET. A panel of industry professionals will discuss business and economic trends that will impact the middle market in 2023, as well as strategies to proactively address these trends. The panel discussion will be moderated by Brendan Chambers , managing director and group head for First Citizens Middle Market Banking, and will include the following panelists: Phil Neuhart , director of Market and Economic Research at First Citizens Wealth Management ; Justine Tobin , founder and managing partner at Tobin & Company Investment Banking Group ; and Cristanne Leitner , shareholder and senior vice president at LevitZacks , a comprehensive tax, accounting and CPA firm. Webinar attendees will be invited to participate in an interactive Q&A session at the end of the event. "First Citizens is heavily-focused on relationship banking, and that means providing […]

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Joe DeFrancesco and his wife Ida with two of their hens and the enclosure that Connecticut residents can rent for a six-month period. The DeFrancescos are farmers from North Branford and are the Connecticut affiliate for a Pennsylvania company, Rent The Chicken. A North Branford farmer said the surge in egg prices at the supermarket is resulting in increased demand for consumers renting hens, a service he has provided since 2019. Joe DeFrancesco said he hasn’t seen the level of interest in renting his hens since the start of the pandemic. DeFrancesco, who also raises hens to provide fresh eggs for his seasonal farm market in Wallingford , said last year was the first time he saw a decline in the hen rental business. "Now, people are eager to rent our hens because of the price of eggs," DeFrancesco said. One of the five rental options has already sold out, he said. The wholesale price on the New York market for large shell eggs in a carton delivered to retailers was in the $3.05 to $3.09 per dozen price range, according to the latest report from the U.S. Department of Agriculture. The retail price consumers pay is likely much […]

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A Santander company logo is pictured at the company’s headquarters in Boadilla del Monte, outside Madrid, Spain, February 2, 2023. REUTERS/Violeta Santos Moura MADRID, Feb 7 (Reuters) – Santander (SAN.MC) valued its Mexican business at around 8.1 billion euros ($8.65 billion) on Tuesday with the launch of a voluntary tender offer to acquire the 3.76% of shares it does not own, taking a step towards its de-listing. Over the past few years Santander has expanded in emerging economies in search of faster growth than in Europe, where ultra-low interest rates had made banking less profitable. Spain’s biggest bank set the offer price to Santander Mexico (BSMXB.MX) shareholders at 24.52 Mexican pesos ($1.28) in cash for each Series B share in Mexico and the U.S. dollar equivalent of 122.6 pesos in cash for each American Depositary Shares (ADS) listed in New York. The offer values the stake which Santander does not already own at around 304 million euros ($325 million). Although Tuesday’s offer price was below the 26.5 Mexican pesos per share offered in October of 2021 for a 10.4% stake, Santander Mexico shares rose by 2.5% to 24.40 Mexican pesos. Spain’s Santander has to choose the highest price between […]

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The traditional business model of CPA firms revolves around tax, audit, accounting, advisory and financial services. That business model has been this way ever since they introduced accrual accounting in the 19th century. For the past 30 years, the business model for CPA firms has remained resilient despite mergers, acquisitions, recessions, technology and business calamities like Y2K. However, the latest dilemma for that business model is occurring today. I consider a change to any industry’s business model to be similar to the experience found on those rotating restaurants such as the one on top of the Space Needle in Seattle. You take an elevator up about 1,000 feet to the restaurant, check in and are seated at your table.

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Dear AM-online users, it’s time to tell you of an important and exciting development at AM. We are planning to transform digitally towards a more sustainable future where we put the focus on our website and newsletters, as well as our highly successful events, webinars and podcast. We will also produce new digital ‘Industry Special’ reports, offering insight into all the key elements of motor retailing as our industry evolves rapidly digitally, supports consumers in their transition to zero emission vehicles and trials new retail business models. Please see further down this page to find out what we have in store for 2023. If you’d like to opt-in and ensure you see our new content please register . AM magazine In March 2023, we plan to publish our final issue of AM magazine. AM needs to be more flexible, agile, accessible, and distinctive and we are confident that this development will achieve our goals. This will ensure we continue to enable senior management in franchised dealers, independent dealers and aftersales to make informed decisions, navigate change, save costs and deliver profitable and sustainable business growth. Should you have any queries, please feel free to contact us . Yours sincerely, […]

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Last Thursday, February 2 saw a gathering of Chief Executive Officers (CEOs), Chief Information Officers (CIOs), and Senior Business and IT Heads at the Radisson Blu Anchorage Hotel, Victoria Island, Lagos. It was an exclusive digital transformation event hosted by one of Nigeria’s foremost technology solutions companies – TDS Hitech Solutions Limited, in partnership with Oracle. The event was an opportunity for businesses to connect and learn how to build and optimize next generation Datacenter with cloud-ready and cost-effective Oracle Hardware and Software Solutions. With Oracle Senior Sales Leader – Sam Steins delivering keynote presentations on Digital Transformation and Cost Optimisation using Oracle infrastructure. With Cloud deployment gaining momentum, Oracle provides a wide range of cloud-ready Hardware Solutions. According to Sam, whether customers decide to run an on premise, hybrid, or cloud solution, Oracle ensures an adaption model that can deliver the best performance, scalability, and cost-effectiveness along with the shortest time to market. Franklin Ezeji, the CEO of TDS Hitech Solutions Ltd emphasized the company’s strategic partnership with Oracle, adding that TDS has to resell rights for Oracle Hardware, license, and Cloud services. In addition to being an authorized Field Delivery Support partner, He confirms that TDS can […]

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The Big Picture Crowdsource Innovation The lack of digital maturity among most organizations will continue to pose challenges for them in attracting and retaining top talent, according to an HR expert. Young people expect work processes to be advanced, accessible and automated, she says. And 91% of Gen Zers say employers’ technology is a factor in choosing job offers. Here, she outlines 6 ways companies can leverage technology for learning and creative opportunities and to enable meaningful work. Gen Z grew up with tech in their hands and information at their fingertips. So the fact that the generation of 15-second TikTok videos and 280-character tweets doesn’t tolerate cumbersome, manual work processes should surprise no one. Gen Z expects everything—work tasks included—to be advanced, accessible, and automated. While some generations see this as doing the bare minimum, Gen Z believes they are working smarter, not harder. Employers looking to attract and retain Gen Z employees must adopt their mantra. After all, the vast majority (91%) of Gen Zers (pdf) say that an employer’s provided technology would be a factor in choosing between job offers. Companies will continue to have challenges attracting and retaining top talent, given the general lack of […]

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In the Acceleration Economy Cloud Wars Top 10 CEO Outlook 2023 series, Bob Evans interviewed Christian Klein, CEO of SAP. The company ranks #5 on the Cloud Wars Top 10 . In this CEO Outlook moment, Klein explains what he hears from CEOs that he talks to and how the company helps these leaders address common business problems. Highlights 00:09 — Klein explains “what CEOs have in mind” when he is talking with them. In times of inflationary pressures , CEOs “want to continue with transformation .” 00:54 — SAP is helping companies achieve successful process automation . Klein says, for SAP, it is very important to evaluate business processes and look for ways to standardize and automate with artificial intelligence (AI). The focus on process automation relates to the company’s priorities surrounding supply chains. 01:56 — SAP’s business network helps the company to connect with supply chain organizations and provides transparency around minimizing supply chain disruptions . The full-length CEO Outlook version of this interview is available exclusively to Acceleration Economy subscribers. Sign up here for the CEO Outlook Digital Summit to start your free subscription and see all of the Cloud Wars Top 10 CEO Outlook interviews […]

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