Berbagi Dengan Masyarakat, Bank Mandiri Ramaikan Festival Cap Go Meh 2023

TRIBUNPONTIANAK.CO.ID, PONTIANAK – Bank Mandiri turut andil dalam Festival Cap Go Meh 2023 di Pontianak yang sudah dua tahun terakhir ditiadakan karena pandemi Covid-19.

Kehadiran Bank Mandiri dan insan Mandirian dalam Festival yang diikuti Komunitas MABT, serta warga Pontianak tersebut merupakan bentuk apresiasi kepada masyarakat atas dukungan yang diberikan kepada perseroan selama ini.

Perayaan Cap Go Meh merupakan tradisi etnis Tionghoa yang dirayakan setiap tanggal 15 sesuai dalam penanggalan Tionghoa yang menjadi penutup rangkaian perayaan tahun baru Imlek.

Adapun, kegiatan dalam perayaan Cap Go Meh 2574 dimulai dari Naga Buka Mata hingga Pawai Naga Bersinar dan digelar selama satu pekan sejak 31 Januari – 5 Februari 2023.

Menurut Wakil Direktur Utama Bank Mandiri Alexandra Askandar, pihaknya melihat Festival ini sebagai sebuah warisan budaya bangsa yang membentuk identitas Bangsa Indonesia yang plural.

Berbagi Dengan Masyarakat, Bank Mandiri Ramaikan Festival Cap Go Meh 2023.
Berbagi Dengan Masyarakat, Bank Mandiri Ramaikan Festival Cap Go Meh 2023. (TRIBUNFILE/ISTIMEWA)

Tak hanya itu, pihaknya juga sangat menghargai Etnis tionghoa yang telah banyak berkontribusi untuk pembangunan di Indonesia.

“Kami berharap kehadiran dan dukungan kami dalam festival ini dapat diterima dan menjadi penguat relasi yang telah terjalin baik antara Bank Mandiri dan warga Pontianak,” kata Alexandra di Pontianak, Senin (6/2/2023).

• Buah Digitalisasi! Keberhasilan Transformasi Bisnis Bank Mandiri Menciptakan Values Baru

Dalam kesempatan itu, Alexandra ikut mendampingi Menteri BUMN Erick Thohir yang menikmati atraksi khas Festival Cap Go Meh berupa pawai naga dan barongsai.   

Festival Cap Go Meh 2023 diramaikan dengan 65 tenant Pontianak Food Festival, 26 naga replika, Lomba mewarnai dan melukis untuk anak-anak, serta pawai naga sebanyak 26 naga replika dan barongsai sebanyak 20 barongsai.

Bank Mandiri ikut serta dalam menyemarakkan dengan menghadirkan satu replika dengan ukuran panjang 62 m yang diberi nama Vois Dragon Sport.

Vois Dragon Sport merupakan naga replica terpanjang kedua yang diikutsertakan dalam acara Cap Go Meh 2574.

“Penamaan Naga Replica Vois Dragon

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UAE Central Bank cancels licence of health insurance company for non-compliance – News

The company is a third-party administration service company providing medical benefit and claims administration services



Published: Mon 6 Feb 2023, 10:01 AM

Last updated: Mon 6 Feb 2023, 2:42 PM

The Central Bank of the UAE (CBUAE) on Monday said it has cancelled the licence of Iris Health Services for not complying with the applicable guidelines.

The regulator said the licence has been cancelled in “accordance with the applicable instructions and procedures for licensing health insurance third party administrators and regulation and control of their business.”

The company is a third-party administration service company providing medical benefit and claims administration services.

The Central Bank has been strictly monitoring the practice of the local insurance sector to ensure that all the companies adhere to the local laws.

In June 2022, it had imposed an administrative sanction on two insurance companies for failure to meet its regulatory obligations. One of the firms was prohibited from issuing additional insurance policies to new customers for one year.

In December last year, new guidelines were issued for the insurance sector to combat money laundering and financing of terrorism.

Companies operating in the insurance sector – including insurers, reinsurers, agents and brokers – were given one month time to comply with the new regulations.

The Central Bank on Monday said it would ensure that all insurance companies and professions related to insurance companies comply with the UAE laws and regulations adopted by the regulator in order to safeguard the transparency and integrity of the insurance industry and the UAE financial system.

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star health stocks: Buy Star Health and Allied Insurance Company, target price Rs 650: ICICI Direct

ICICI Direct has buy call on Star Health and Allied Insurance Company with a target price of Rs 650. The current market price of Star Health and Allied Insurance Company is Rs 531.25. Time period given by analyst is 12 months when Star Health and Allied Insurance Company price can reach defined target.

Star Health and Allied Insurance Company, incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 30770.73 Crore) operating in Financial Services sector.

Star Health and Allied Insurance Company key Products/Revenue Segments include Premiums Earned, Interest & Dividend and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

Financials

For the quarter ended 31-12-2022, the company has reported a Standalone Total Income of Rs 3074.37 Crore, up 2.39 % from last quarter Total Income of Rs 3002.62 Crore and up 13.40 % from last year same quarter Total Income of Rs 2711.01 Crore. Company has reported net profit after tax of Rs 210.47 Crore in latest quarter.

The company’s top management includes Mr.Venkatasamy Jagannathan, Mr.Utpal Hemendra Sheth, Mr.Deepak Ramineedi, Mr.Berjis Minoo Desai, Mr.Rajeev Krishnamuralilal Agarwal, Mr.Rajni Sekhri Sibal, PadmashriKaarthikeyan Devarayapuram Ramasamy, Ms.Anisha Motwani, Mr.Rohit Bhasin, Mr.Anand Shankar Roy, Dr.Subbarayan Prakash, Mr.Sumir Chadha. Company has V Sankar Aiyar & Co. as its auditors. As on 31-12-2022, the company has a total of 58 Crore shares outstanding.

Investment Rationale
Star Health is expected to maintain its leadership in retail health segment with sustainable long term growth opportunity. Higher than industry growth and targeted combined ratio of 95-96% provides confidence.

Promoter/FII Holdings
Promoters held 58.28 per cent stake in the company as of 31-Dec-2022, while FIIs owned 10.37 per cent, DIIs 1.26 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. … Read the rest

Cigna Worldwide Insurance Company Receives Branch License in Saudi Arabia, Plans Growth in the Kingdom

  • Cigna Worldwide Insurance Company is the first international health insurance provider to receive a branch license from the Saudi Central Bank to operate as a health insurer in the Kingdom of Saudi Arabia
  • Cigna will introduce a new proposition in the Kingdom, focused on offering localized health solutions with global capabilities
  • Cigna is committed to the growth of the health insurance sector in the Kingdom, in line with Vision 2030

RIYADH, Saudi Arabia, Feb. 6, 2023 /PRNewswire/ — Cigna Worldwide Insurance Company today announced that it has received an official branch license from the Saudi Central Bank (SAMA) to operate as a health insurer in the Kingdom of Saudi Arabia.

The announcement makes Cigna Worldwide Insurance Company the first international insurance provider to receive a branch license to operate in the Kingdom. Cigna Worldwide Insurance Company is part of the global Cigna group of health services companies serving over 180 million customers and patients in over 30 countries around the world (Cigna).

This license will enable Cigna to offer its best-in-class high-quality, affordable, and localized health insurance solutions, backed by its global capabilities to individuals, companies, and government entities in the Kingdom.

Cigna is committed to the growth of the health insurance sector in the Kingdom, in line with Vision 2030.

“This marks a significant milestone for Cigna in the Kingdom and across the Middle East and Africa region,” said Jason Sadler, president, Cigna International Health. “The license enables us to deliver a stronger value proposition, access, and service to our clients through a host of proprietary health and well-being products and services. Cigna has been in the region for nearly two decades, initially through local partners and then independently. We have a deep-rooted knowledge of the Middle East health insurance market, which helps us

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Guarantee Trust Life Insurance Company & AmeriLife Unveil Turbo Term Life

New instant issue life insurance product built on the latest insuretech platform delivers agents and clients the simplicity and speed they want

GLENVIEW, Ill. and CLEARWATER, Fla. –News Direct– AmeriLife

Continuing their approach to innovative product design and delivery, Guarantee Trust Life Insurance Company (“GTL”) and AmeriLife Group, LLC (“AmeriLife”) announced today the launch of Turbo Term Instant Issue Life Insurance, a revolutionary new level term life product engineered to deliver clients fully customized benefits and policy lengths to match their unique needs.

“Guarantee Trust is excited to partner with AmeriLife in developing and bringing to the consumer the most dynamic term product offering in the marketplace, said Richard S. Holson III, GTL’s chairman of the board, president and CEO. “We are proud to be aligned with the great marketing organization that is AmeriLife.”

With GTL’s state-of-the-art underwriting platform powered by hr | ReFlex, Hannover Re’s automated underwriting system, long application processing is a thing of the past. With a fully digital application process — and no medical exams — agents can deliver their clients an affordable policy instantly with customizable coverage, flexible benefits, a variety of level term lengths, and coverage between $100,000 and $1,000,000.

For agents, Turbo Term lets them stay in the driver’s seat by owning the business they write, offering advance commissions at all levels and supporting full hierarchy, a wholly unique value proposition versus any other product on the market.

“Turbo Term was built for agent distribution. No long apps. No uncomfortable medical exams. Just a fully digital application process and great, affordable, and customizable coverage to deliver the financial stability client needs – fast,” said David Paul, AmeriLife’s national sales director of Simplified Issue Life. “We’re thrilled to partner with GTL on yet another innovative product that will deliver value to the market

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Two insurance companies refuse to cover some Kia and Hyundai drivers | News

MEMPHIS, Tenn. — Ashley Stewart woke up on Friday to learn her 2021 Kia Sorrento was missing.

“I was shocked,” she said. “I was kind of numb.”

Stewart was grateful to have insurance, but not every Kia driver can say that. Progressive and State Farm have stopped covering drivers of certain Kia and Hyundai models in parts of the country, according to CNN.

“I’ve never seen anything like this,” said Shade Sullins, an independent agent who co-founded A and S Insurance Solutions. “The rate for theft coverage has gone up dramatically.”

A spokesman for State Farm told FOX13 that the company has “stopped accepting new customer applications in some states” for certain models of Hyundai and Kia vehicles because of the high theft.

However, there is no indication this is happening in Tennessee just yet.

“(The state) not been notified by either State Farm or Progressive about plans to discontinue coverage for owners of these vehicles who might live in Tennessee,” wrote a spokesman for the Department of Commerce and Insurance in a statement.

In statements to FOX13, representatives from both Kia and Hyundai said they regret the decision by certain companies to not insure their customers. Both companies also stated their vehicles now have engine immobilizers and that they have distributed wheel locks to law enforcement.

According to the Memphis Police Department, criminals stole 1,822 Hyundai vehicles and 1,725 Kia vehicles in 2022.

Thankfully, Stewart’s truck was found on the expressway days after it was stolen.

However, she told FOX13 she will think twice about her next vehicle purchase.

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Judge sides with insurance company over old Lowell school lawsuit

WATERLOO — A district court judge has sided with an insurance company that claims it doesn’t have to pay to rebuild the former Lowell Elementary School following a 2019 roof collapse.

The Waterloo Community School District took Employers Mutual Casualty Co. to court saying the carrier refused to honor its policy — which included additional ordinance and law coverage — filing a suit seeking at least $19 million in Polk County District Court in Des Moines in 2021.

Employers Mutual agreed to pay for the collapsed roof but said the rest of the loss wasn’t covered under the policy and asked the court to throw out the suit.

In a ruling issued last month, Judge Jeffrey Bert granted the insurance company’s motion for a summary judgment and assessed court costs to the school district.

“The court finds that the Ordinance or Law Additional Coverage does not provide coverage for the age deterioration outside the area of collapse. … The policy excludes loss or damage caused by deterioration,” Bert wrote in his ruling.

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He noted that the original school was built in 1931, and construction methods and building codes have changed.

“To construe this policy to cover the cost to repair undamaged portions of the building to make the building compliant with current building code requirements would cause insurers to reevaluate premiums for older buildings or worse, to decline to insure them at all. In essence, the district’s interpretation converts the policy into a general maintenance contract,” Bert wrote.

The roof of Classroom 208 collapsed during a snow day on Feb. 20, 2019, closing the entire building and routing classes into a retrofitted former Area Education Agency building in Cedar Falls.

Inspectors determined the collapse was the result of heavy snow weighing on aging mortar in the

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AM Best Comments on Credit Ratings of Topa Insurance Company and Dorchester Insurance Company, Ltd. Following Acquisition Announcement

OLDWICK, N.J., February 09, 2023–(BUSINESS WIRE)–AM Best has commented that the Credit Ratings (ratings) of Topa Insurance Company (Calabasas, CA) and its subsidiary, Dorchester Insurance Company, Ltd. (U.S. Virgin Islands) (collectively referred to as Topa) remain unchanged following the announcement that Granada Financial Group, LLC (Granada) has entered into a definitive agreement with Topa Equities, Ltd. (dba Anderson Holdings) to acquire a controlling interest in Topa. Topa Equities, Ltd., which is the parent company of Topa, will retain a minority common equity stake in the business.

Despite the significant financial and operational benefits that Topa is expected to receive from the transaction, AM Best recognizes ongoing concerns with Topa’s recent reserve strengthening actions and the resulting impact on operating performance. Despite recent management initiatives intended to improve results, the outcome of these actions remains undetermined at present and will likely require additional time and conversations with management to determine the impact. Additionally, there remains some risk associated with the execution of the transaction. The ratings will remain under review until the close of the transaction and an assessment by AM Best of the post-transaction details. The transaction also is subject to regulatory approvals.

Topa’s ratings were initially placed under review with negative implications on July 7, 2022. This rating action followed the need for AM Best to have further discussions with company management regarding strategic business initiatives to improve operating performance over the near term, following deterioration in underwriting results in 2021 and in the first quarter of 2022. On Feb. 3, 2023, AM Best maintained the under review with negative implications status pending further discussions with management regarding these ongoing strategic business initiatives. AM Best will continue to monitor the group’s balance sheet strength, operating performance, business profile and enterprise risk management.

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5Star Life Insurance Company Appoints Command Sergeant Major (Ret.) John F. Sampa to its Board

New board member brings valuable market expertise

ALEXANDRIA, Va., February 09, 2023–(BUSINESS WIRE)–5Star Life Insurance Company announced today the appointment of Command Sergeant Major (Ret.) John F. Sampa to its Board of Directors, effective September 1, 2022.

“It is our pleasure to welcome Command Sergeant Major John Sampa to the 5Star Life Board of Directors. His experience in the Army and National Guard markets, as well as the First Responder market, will help enhance the service and protection that we provide for 5Star Life customers and AFBA members,” said General Larry O. Spencer, USAF (Ret.), Chair and President of 5Star Life.

Command Sergeant Major (CSM) John F. Sampa was appointed as the 12th Command Sergeant Major of the Army National Guard on 15 February 2018. He joined the United States Army on 30 April 1987 and served in the Army National Guard and the United States Army, retiring with 35 years of service. He was promoted to the rank of Sergeant Major on 8 April 2009. Prior to becoming the Command Sergeant Major of the Army National Guard, he served as the Command Senior Enlisted Leader for the Texas Military Department. CSM Sampa was previously the Command Sergeant Major for the 36th Infantry Division for more than three years. He was mobilized for combat duty three times and deployed overseas for combat operations in Bosnia and twice to Iraq and was a prominent leader in the Columbia Space Shuttle recovery mission in east Texas. His military and civilian education includes all Noncommissioned Officer Education System levels. He was employed with the Texas Department of Public Safety in the Highway Patrol Division for more than 27 years in concurrence with his military service. He is a graduate of the U.S. Army Sergeants Major Academy, the National Defense University

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Some Insurance Companies Drop Certain Hyundai and Kia Models Due To Theft

Last September, we covered the rise in car thefts during the pandemic, especially among certain Hyundai and Kia vehicles. The report came from the Highway Loss Data Institute (HLDI) and you can read our previous post here.  

2015-2019 Hyundai and Kia Models

So what vehicles are we talking about? Certain 2015-2019 Hyundai and Kia vehicles. HDLI says the issue is that unlike most other vehicles from other manufacturers during that time frame, the Hyundai and Kia vehicles with key-turn ignitions don’t have electronic immobilizers that prevent thieves from breaking in and bypassing the ignition, making them easier to steal.

 In 2015,  when immobilizers were standard on 96 percent of other manufacturers’ vehicles, HLDI says they were standard on only 26 percent of Hyundai and Kia vehicle models.

“Our earlier studies show that vehicle theft losses plunged after immobilizers were introduced,” said HLDI Senior Vice President Matt Moore. “Unfortunately, Hyundai and Kia have lagged behind other automakers in making them standard equipment.”

HDLI noted the trend in thefts with those particular Hyundai model years following its analysis of 2021 insurance claims that found a rise in car thefts among certain brands during the pandemic.

The issue also made its way to social media in 2021, making the theft problem worse.  

Here is the list of affected vehicles according to State Farm:

2015-2021 Hyundai Accent

2015-2021 Hyundai Elantra

2015-2021 Hyundai Kona

2015-2021 Hyundai Santa Fe

2015-2021 Hyundai Tucson

2015-2021 Hyundai Veloster

2015-2021 Kia Forte

2015-2021 Kia Optima (including hybrid models)

2015-2021 Kia Rio

2015-2021 Kia Sedona

2015-2021 Kia Sorento

2015-2021 Kia Soul

2015-2021 Kia Sportage

 

New Federal Lawsuit 

Some Kia and Hyundai owners have filed a class action lawsuits against the sibling automakers. There is also a national class action lawsuit that was filed in California.

But owners aren’t the only ones

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