Harvard Business Review

JULY 12, 2017

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. Herein, as with all insurance, is where the concept of utmost good faith is laid bare.

Insurance 15

Insurance Balance Sheet Assets Revenue 15

Vantage Circle

NOVEMBER 23, 2023

These enticing offerings can transform a job into a career, a workplace into a community, and an employee into a loyal asset. The transition period between losing a staff member and onboarding a replacement can lead to substantial losses in productivity and revenue. And that's a situation no organization desires. percent and 36.1

Benefits 64

Benefits Diversity Insurance Inclusion 64

Chief Executive

OCTOBER 28, 2022

billion in revenue and more than 11,800 employees. Among his plans are an intuitive claims process for supplemental health insurance products like short-term disability. Watkins also is looking to make work at the provider of insurance, risk management, employee benefits and wealth management services faster and more efficient.

Digital Transformation 52

Digital Transformation Insurance Benefits Risk Management 52

Monday Task Management

MARCH 15, 2022

Plus, they keep client information and assets organized instead of scattered across notebooks or spreadsheets. When you automate repetitive parts of your workflow, you free up your time to complete more valuable tasks and maximize your revenue. Some examples of intake paperwork include: Insurance information. Identity cards.

Onboarding 52

Onboarding Small Business Workflows B2B 52

Monday Task Management

MARCH 15, 2022

Plus, they keep client information and assets organized instead of scattered across notebooks or spreadsheets. When you automate repetitive parts of your workflow, you free up your time to complete more valuable tasks and maximize your revenue. Some examples of intake paperwork include: Insurance information. Identity cards.

Onboarding 52

Onboarding Small Business Workflows B2B 52

Harvard Business Review

SEPTEMBER 16, 2016

Failure to accurately quantify the enterprise value of data (EvD) may therefore woefully undervalue the importance of cyber-security investments, as well as the face values typically applied to cyber insurance policies. Definitions for what constitutes EvD, and methodologies to calculate its value, remain in their infancy.

Balance Sheet 14

Balance Sheet Assets Insurance Operations 14

Harvard Business Review

MAY 11, 2011

Not For Free: Revenue Strategies for a New World. In Not for Free , Saul Berman demonstrates how companies need to create new income streams from existing assets and educate themselves about their customers' preferences and perceptions. Fully Charged: How Great Leaders Boost Their Organization's Energy and Ignite High Performance.

Reorganization 15

Reorganization Energy Revenue Insurance 15

Harvard Business Review

DECEMBER 20, 2010

Robert MacDonald, one of the most offbeat and opinionated insurance-industry executives I've met (yes, I know, he doesn't have tons of competition), has a way with words when it comes to innovation. LifeUSA took shape at a time when the insurance business was synonymous with poor service, slow decision-making, and bureaucratic complacency.

Insurance 16

Insurance Assets Revenue Marketing 16

Harvard Business Review

JULY 5, 2012

These were among the questions addressed at a luncheon in New York convened by CFA Institute President John Rogers with financial industry leaders that included representatives from private and not-for-profit asset managers, public pension funds, insurance companies, and diversified financial services firms.

Assets 15

Assets Insurance Revenue Government 15

Harvard Business Review

DECEMBER 21, 2010

Although dampened somewhat by the economic climate and job uncertainty , the five+ weeks from late November through the end of the calendar year represent more than $500 billion in sales — or approximately 40% of the entire year's retail revenue in the U.S. — and even more for some kinds of businesses.

Sales 15

Sales Sales Revenue Insurance 15

Harvard Business Review

DECEMBER 11, 2017

corporations to accumulate assets in those affiliates (now estimated at $2.6 The legislation would replace the tax on profits that are repatriated with a low-rate tax on annual profits attributable to the intangible assets of their foreign affiliates, impose a one-time transition tax on the stock of accrued foreign profits of U.S.

Insurance 13

Insurance Revenue Assets Benefits 13

Harvard Business Review

OCTOBER 25, 2018

We analyzed nearly 6,000 of the world’s largest public and private firms with annual revenues above $1 billion. These firms make up two thirds of global corporate pretax earnings (EBTDA) and revenues. In this article, we will focus mostly on firms, but with some brief commentary on sectors and cities at the end.

Real Estate 15

Real Estate Revenue Metrics Assets 15

Harvard Business Review

JANUARY 31, 2017

exchanges with a median company revenue of $3.4 The best-performing companies stated they have technology budgets on par with digital laggards; the average IT spend as a percentage of revenue was 3.5% Insurers can use this data to better understand their customers and to price policies accordingly. for leaders and 3.2%

Digital Transformation 16

Digital Transformation Operations Benchmarking Insurance 16

Harvard Business Review

APRIL 6, 2016

In many industries, the capital required to build an asset of minimum efficient scale is growing. These conflicting pressures are especially present when the product provided by the asset is not very differentiating (think, for instance, of commodity steel products or container shipping services). Model 2: Asset capacity pooling.

Assets 12

Assets Operations Insurance Telecommunications 12

Harvard Business Review

JANUARY 11, 2016

The world is not short on capital — a startling $43 trillion of assets is currently under management in the United States alone. Investors from hedge funds to insurance companies are operating in an environment of low yields, near-zero interest rates, and a glut of savings. Corporations might even get involved.

Cash Flow 14

Cash Flow Real Estate Assets Nonprofit 14

Harvard Business Review

APRIL 29, 2015

MedStar operated nine hospitals, but realized that its long-held objective of increasing revenue and profits at those venues was unsustainable, given the outcries over runaway medical costs. These new ventures would operate separately from the core hospital assets and would compete in new ways in the health care marketplace.

Hospitality 14

Hospitality Insurance Revenue User Experience 14

Harvard Business Review

DECEMBER 14, 2015

Eccles, a mathematician by training and one of the foremost experts in corporate reporting, has for the past five years been working to create sustainability accounting standards for the investment community (he is also the chairman of ESG asset management firm Arabesque Partners). It’s been slow going.

Accounts 15

Accounts Assets Insurance Marketing 15

Harvard Business Review

OCTOBER 5, 2016

As a result, companies continue to misjudge which cybersecurity capabilities they should prioritize and often obtain insufficient cybersecurity insurance protection. The main culprit is that companies quantify cyber risks the same way they do other operational risks — focusing narrowly on potential direct revenue losses.

Revenue 12

Revenue Insurance Banking Operations 12

Harvard Business Review

DECEMBER 4, 2015

Those are all assets in an era of health care reform. Patients generally need proof of insurance to access outpatient clinics, and Parkland was serving a large volume of uninsured people as inpatients — so it extended preventive care and management of chronic conditions into the outpatient arena, much like an ACO.

Hospitality 14

Hospitality Insurance Operations Assets 14

Harvard Business Review

OCTOBER 25, 2016

It’s far more important to focus on two things: identifying and protecting the company’s strategically important cyber assets and figuring out in advance how to mitigate damage when attacks occur. Reputations, brands, and revenue are all at stake. Choose Which Areas to Protect. On some level, CEOs know this.

Risk Management 13

Risk Management Insurance Assets Revenue 13

Harvard Business Review

JULY 31, 2015

To better understand this problem, my consulting firm did a thorough review of recent research into learning and development programs, followed by a structured survey with top training executives at 16 major corporations in a diverse set of industries, ranging in size from $1 billion to $55 billion in annual revenues.

Insurance 16

Insurance Assets Employee Engagement Revenue 16

Harvard Business Review

APRIL 5, 2017

McKinsey’s margin growth measure classified firms that report higher earnings growth than revenue growth as myopic. However, firms can efficiently increase margin growth without much revenue growth by managing to squeeze out their fixed costs to service the same level of output.

Metrics 12

Metrics Cash Flow Revenue Compensation 12

Harvard Business Review

APRIL 28, 2015

The Challenge of Investing in Digital Assets. Unlike their industrial peers, managers of asset-light businesses focus little on the balance sheet. While we have tools and financial statements that help us manage investments in physical assets , we don’t have the same for digital assets and information.

Balance Sheet 14

Balance Sheet Manager Assets Software 14

Harvard Business Review

NOVEMBER 24, 2010

Which products, services, partners, and assets underpin the most productive, efficient, effective ways for you to bring your competencies to life — and which dont? Cross-functionalizing the marketing mix to drive incremental revenue generation opportunities" isnt reflection (and heaven knows few breakthroughs ever lie down that path ).

Telecommunications 18

Telecommunications Media Marketing Insurance 18

Harvard Business Review

AUGUST 2, 2016

” When private contractors lose the benefits of insurance and education that they had with full time jobs, their willingness to conduct transactions falls. Uber, which originally pushed insurance costs onto their drivers, has dramatically increased coverage options.

Insurance 14

Insurance Advertising Education User Experience 14

Harvard Business Review

JUNE 13, 2016

LinkedIn has an incredible asset in the employment records of its 433 million “members.” LinkedIn could also sell data products to universities, such as “Courses that lead to great jobs in gerontology” or “Find out where you stand among talent suppliers to the P&C insurance industry.”

Recruitment 14

Recruitment Accounts Insurance Assets 14

Harvard Business Review

JANUARY 3, 2017

Financial asset managers have been out-price-cutting one another in exchange-traded funds in a bid to gain market share. Aggregator and comparison websites have brought greater price visibility and ease of product comparison to banking, insurance, hotels and other consumer markets.

Telecommunications 15

Telecommunications Sales Sales Revenue 15

Harvard Business Review

OCTOBER 19, 2017

Airlines are arguably more operationally complex, asset-intensive, and regulated than hospitals, yet the best performers are doing a better job by far than most hospitals at keeping costs low and make a decent profit while delivering what their customers expect. katyau/Getty Images. Insight Center. Transforming Health Care.

Hospitality 8

Hospitality Transportation Assets Operations 8

Harvard Business Review

JUNE 26, 2013

Among other devastating results, the classified ad went the way of the dodo (and with it much of the revenue that subsidized printed newspapers). Airbnb, an accommodation matching service first launched in 2008, has recently come under heavy fire just as — not coincidentally — its revenue is taking off.

Government 11

Government Hospitality Revenue Travel 11

Harvard Business Review

MAY 8, 2017

Whereas most business lists analyze companies by traditional metrics such as revenue or by subjective assessments such as “innovativeness,” our ranking evaluates the ability of leaders to strategically reposition the firm. This was gauged by assessing the percent of revenue outside the core that can be attributed to new growth.

Revenue 16

Revenue Metrics Accounts Travel 16

Harvard Business Review

MARCH 31, 2016

They must retain enough control over core assets to maintain control of the ecosystem and to make money. In 2004, the residual assets were sold off for a mere $7 million, a tiny fraction of the $500 million auto manufacturers had invested. Yet platforms can become too open. Conceding defeat in 2002, eBay bought PayPal for $1.4

Software 15

Software Assets Marketing Insurance 15

Harvard Business Review

JANUARY 18, 2016

Airbnb is an example of a win-win quality improvement: landlords realize more cash flow from their assets, and customers gain both better choice and lower costs in their travel lodging options. There is also immediate ROI for investments in basic services as population moves in, because they capture new revenues from new users.

Real Estate 14

Real Estate Cash Flow B2B ROI 14

Harvard Business Review

JANUARY 11, 2013

At Opportunity International , where the focus is on providing loans, savings, insurance, and related training to clients in the world's poorest communities, our major donors like to see the work up close. At Opportunity we see experienced, resourced entrepreneurial donors as a major asset for our organization.

Nonprofit 9

Nonprofit Assets Engineering ROI 9

Harvard Business Review

APRIL 5, 2018

It is an insurance policy and a valuable asset in an age in which most of us are deeply attached to our work but not as loyal to our employers. A masterful self is not just a source of personal pride. Few of us these days expect our organizations to guarantee a job for life. This uncertainty kept them on edge.

Leadership Development 16

Leadership Development Insurance Assets Engineering 16

Harvard Business Review

APRIL 12, 2013

According to Selling Power magazine, the largest companies in America selling products such as computer and office equipment, consumable goods, insurance, telecommunications, and financial services, each employ tens of thousands of salespeople. By our estimates, the amount invested in U.S. sales forces exceeds $800 billion a year.

Sales 9

Sales Sales Telecommunications Advertising 9

Harvard Business Review

JANUARY 12, 2018

A study by Deloitte estimated that “assets under automated management” (including hybrid offerings) in the U.S. This would represent between 10% and 15% of total retail financial assets under management. 100B in assets, and predicts double-digit growth in assets under management over the next several years.

Assets 9

Assets Marketing Operations Benefits 9

Harvard Business Review

JANUARY 27, 2014

As long as the revenues you obtain from those customers exceed your costs, you will turn a profit. As long as the extra revenues justify extra costs, and economies of scale and scope outweigh the cost of increased complexity, it makes sense to continue diversifying. Simple micro-economics sheds light on the issue.

Scaling 9

Scaling Revenue Accounts Government 9