...* Financial Rewards at MetLife Alico * Presented by : * * Outline I. Introduction Overview of the Insurance Industry Company Profile I. Motivation General Overview Financial Rewards II. Financial Rewards at MetLife Alico III. Analysis of findings IV. Conclusions and Recommendations V. Appendix I- Introduction * Introduction The Insurance Industry in Lebanon * Open & liberal market * 60 insurance companies * Top 10 companies account for 60% of total premiums * Gross premiums per operating company have improved between 1997 and 2002 * Introduction * Life insurance sector is very developed relative to other Arab countries * Top 5 insurance companies: 1. - Arope Insurance 2. - Mednet Liban 3. - Libano- Suisse 4. - MedGulf 5. - MetLife Alico * Introduction Alico’s Profile: * American Life Insurance Company (Alico) is one of the largest leading insurance companies in the world * 1921: Established in Shanghai – China * 1960’s: Moved to Wilmmengtion- Delaware * 1980`s: Operating in Latin America , Middle East and Europe * Aim: “for market leadership and profitable growth, employing local talent and empowering individuals to perform at very high levels.” * Introduction Alico in Lebanon : * Leading life insurance company since 1953 * Main office...
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...One MetLife 1. Which communication channels were mainly used to communicate MetLife’s message of “One MetLife”? Why were these channels d used rather than others? Answer: MetLife used videos to communicate their message of One MetLife. This was used to welcome all employees worldwide. These videos made them feel as if they were part of the company. I believe that a video is more welcoming then a letter or an email. 2. This organizational communication event occurred across many languages and cultures. What communication problems might occur in this situation? Answers: There are many types of communication problems that can occur in this situation. Since the employees are from all over the world language would be the number one problem. Not everyone speaks the same dialect of the language. The language some employees might have been looking for may not have been in the digital toolkit sent out. Employees may need people to translate for them due to the language barrier. 3. The process of acquiring another company is fraught with emotions, such as the loss of identity that Alico employees might feel. How would these emotions effect the communication activities used in MetLife’s integration process? Answer: This can affect all the employees working at Alico. Not many employees are happy when their company joins another. In order for those employees to feel more welcomed MetLife tried to make the process as easy as possible. I believe that MetLife did...
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...Metlife Alico: History and Overview MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, or MetLife for short, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm was established on March 24, 1868 (Wikipedia). In March 2010, the company acquired one of American International Group, Inc.’s (AIG) international subsidiaries, American Life Insurance Company (ALICO), for approximately $15.5 billion. The consideration took consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities. ALICO was one of the world’s largest and most diversified international life insurance companies across the globe. The acquisition accelerates MetLife’s global growth strategy. Upon acquisition, MetLife, which is already the largest life insurer in the United States and Mexico, became a leading competitor in Japan, the world’s second-largest life insurance market. The transaction materially advanced MetLife’s position in Europe. It also moves MetLife into a top five market position in many high growth emerging markets in Central and Eastern Europe, the Middle East and Latin America. MetLife Alico, has been operating in Bangladesh with their insurance services since 1952. Throughout the history, it has continuously sought to nurture talent, respect local cultures and promote the diversity that characterizes...
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...Financial companies provide a variety of services to the customers. However, some of the biggest financial services which individuals seek is insurance for thir families, property, and even life. Here is a list of top 10 insurance companies in the world in 2014 based on their Market Capitalization (measured in USD for 1st quarter 2014). 10. Zurich Insurance: [pic] Zurich is a global Swiss insurance company, headquartered in Zurich, Switzerland. The company is Switzerland’s largest insurer, with three core business segments: General Insurance, Global Life and Farmers Management Services. Through General Insurance, the group provides motor, home and commercial products and services for individuals. Global Life provides wide range of protection and savings propositions to individual and corporate customers. Farmers provide non-claims administrative and management services for the Farmers Exchanges. The company ranks 84 in the Global 2000 list for 2014. Zurich Group employs around 55000 people, with operations in more than 170 countries and territories across the globe. The company has global network of subsidiaries and offices in Europe, North America, and Latin America, Asia Pacific and Middle East and other markets. Zurich’s strategy for 2014-16 is designed to deliver sustainable, profitable growth in a changing and more competitive business environment. Group is focusing more closely on the markets and consumer segments where the group has competitive edge. Revenues...
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...Insurance Insurance is a contract in which one party known as the insured also known as assured, insures with another party (person or organization), known as the insurer, assures or underwrites his property or life, or the life of another person in whom he has a pecuniary interest, or property in which he is interested, or against some risk or liability, by paying a sum of money as the premium. Under the contract, the insurer agrees to indemnify the insured against a loss which may accrue to the other on the happening of some event. According to Investopedia, Insurance is— “A contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.” At present, insurance is being used widely and becoming more and more popular both in personal life and in the business sector as a significant risk management tool which is primarily used to hedge against the risk of a contingent, uncertain loss. Insurance contract provides financial protection to the insured by the insurer against a loss arising out of happening of an uncertain event. The insured can avail this protection by paying premium to any insurance company with whom the contract has been made. Insurance works on the basic principle and concept of risk-sharing. When a company insures an individual entity (the insured), there legal requirements to share the risks associated...
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...Gauhati University on “CUSTOMER BEHAVIOUR TOWARDS INSURANCE PRODUCTS” AT METLIFE INDIA VISAKHAPANTAM [pic] Under Organisation Guidance Of: Under Institutional Guidance Of: Mr. K.V.R. Murthi Mr. Hari Krishna Senior Sales Manager Faculty , SITAM Metlife India Prepared And Submitted By: Surya Prakash CERTIFICATE This is to certify that Surya Prakash, a student of the Gauhati University has prepared his Training Report entitled “CUSTOMER BEHAVIOUR TOWARDS INSURANCE PRODUCTS” under my guidance. He has fulfilled all requirements under the regulations of the BBA (IIP) Gauhati University, leading to the BBA (IIP) degree. This work is the result of his own investigation and the project; neither as a whole nor any part of it was submitted to any other University or Educational Institution for any research or diploma. I wish his all success in life. Mrs. Rajani priya Head of the Department, Sun Institute of Technology And Management, Visakhapatnam DECLARATION I HEREBY DECLARE THAT THE PROJECT REPORT CONDUCTED AT Metlife India, Visakhapatnam UNDER THE GUIDANCE OF PROF Hari Krishana Submitted...
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...Comperative Study of Corporate Social Activities of Bank And Non Bank Financial Institute Executive Summery This paper deals with some banks & non-banking financial institutions which are performing CSR. It is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. It would be give strategic, longer run competitive advantage for banks and non-banking financial institutions in Bangladesh to embrace CSR in their management approaches and operations, with initiatives chosen in broad-based, extensive stakeholder engagement. Corporate social responsibility may help to establish clear boundaries among the different interests of the groups like shareholders, citizens, providers, and customers. In this paper, we will describe, analyze, and formalize the critical responsibility parameters, as well as the variables that shape them. Introduction The title of our term paper is “Comparative Study on the Corporate Social Responsibility Performing by Banking, Non-Banking Financial Institutions” . Globally, the notion of Corporate Social Responsibility (CSR) is fast gaining acceptance as the contribution that businesses can and should make voluntarily...
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...Daniels Fund Ethics Initiative University of New Mexico http://danielsethics.mgt.unm.edu Coping with Financial and Ethical Risks at American International Group (AIG) INTRODUCTION When American International Group (AIG) collapsed in September 2008 and was subsequently saved by a government bailout, it became one of the most controversial players in the 2008–2009 financial crisis. The corporate culture at AIG had been involved in a high-stakes risk-taking scheme supported by managers and employees that appeared entirely focused on short-term financial gain. Out of a firm of 116,000 employees, one unit with around 500 employees, AIG Financial Products, was chiefly to blame for bringing down the company, and former CEO Ed Liddy, who was summoned by former Treasury Secretary Hank Paulson, estimates that of that number only twenty to thirty people were directly involved. The AIG Financial Products unit specialized in derivatives and other complex financial contracts that were tied to subprime mortgages or commodities. While its dealings were risky, the unit generated billions of dollars in profits for AIG. Even so, during his long tenure as CEO of AIG, Maurice “Hank” Greenberg had been open about his suspicions of the AIG Financial Products unit. After Greenberg resigned as chief executive of AIG in 2005, the Financial Products unit became even more speculative in its activities. Immediately before its collapse, AIG had exposure to $64 billion in potential subprime mortgage losses...
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...Computer: A computer is a general purpose device that can be programmed to carry out a finite set of arithmetic or logical operations. Since a sequence of operations can be readily changed, the computer can solve more than one kind of problem. Conventionally, a computer consists of at least one processing element, typically a central processing unit (CPU) and some form of memory. The processing element carries out arithmetic and logic operations, and a sequencing and control unit that can change the order of operations based on stored information. Peripheral devices allow information to be retrieved from an external source, and the result of operations saved and retrieved. A TYPICAL COMPUTER SYSTEM: A typical digital computer consists of: a) A central processor unit (CPU) b) A memory c) Input/output (I/0) ports Functions of Computer The main and also basic the functions of a computer is to run programs. The programs they run can help to improve humans' everyday lives. But, there are four basic functions of a Computer. They are: 1. Input Function: You input data i.e. you provide data; a set of instructions. You input data through input devices which are keyboard, mouse, scanner, etc. 2. Processing Function: The computer processing unit manipulates the data which is done by the C.P.U 3. Output Function: After processing the data the computer displays the result, it gives an output. Output devices are the monitor, in the case of visual...
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...• Deepika Kumari wins bronze at Antalya Archery World Cup. She was the only Indian who made it to the last four in individual women’s recurve competition as veteran Dola Banerjee, Satbir Kaur and Snehal Divakar all lost in the first round. In the Antalya 2015 recurve women’s event Misun Choi and Bo Bae Ki from South Korea won gold and silver medal respectively. • Punjab to observe 2015-16 as Year of Development. It was announced by Chief Minister Parkash Singh Badal, in Dhuri Assembly segment of the state. • Dilawar Singh of Haryana has won ‘Pedal for Kashmir’ cycling competition, held along the banks of picturesque Dal Lake in Srinagar. Mohammad Akbar Khan came runner up, followed by another local cyclist Mohammad Adil Teli. While in the under-19 category of the competition for Boys, Mohit Kumar won the first prize. Wahid Ahmad Ganie was placed second, while Amir Sadiq Gojriin finished third. In the girls under-19 category, Komal Deshmuk from Maharashtra, beat local girl Bushra Ali to the first position. State Minister for Public Works Altaf Bukhari gave away the prizes to the winners. • Ace Indian shooter Gurpreet Singh has secured India a fifth quota place in shooting for the 2016 Rio Olympics. He achieved this feat by finishing fourth in the Men’s 10 metre Air Pistol final at the International Shooting Sport Federation (ISSF) Shooting World Cup held in Munich, Germany. Earlier, in same world cup Abhinav Bindra, India’s only individual Olympic gold-medallist, had won a quota...
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...Independent Report on Clinical Laboratory Testing Services Market for an Initial Public Offering (IPO) in Egypt A Frost & Sullivan Report 2014 1|P age Disclaimer © November 2014 Frost & Sullivan The market research process for this study has been undertaken through detailed primary and secondary research, which involves discussing the status of the industry with leading industry participants and experts, and compiling inputs from publicly available sources, including official publications and research reports. The Expert Opinion Consensus Methodology has been used for the report. Quantitative market information is based primarily on such interviews and desk-based secondary research; therefore, making it subject to fluctuation. Frost & Sullivan has taken all reasonable care to insure that the information contained in this report is, to the best of its knowledge, in accordance with the facts and contains no omission likely to affect its import. In making any decision regarding the transaction, the recipient should conduct its own investigation and analysis of all facts and information contained in the prospectus of which this report is a part and the recipient must rely on its own examination and the terms of the transaction, as and when discussed. The recipient should not construe any of the contents in this report as advice relating to business, financial, legal, taxation or investment matters and are advised to consult their own business, financial, legal, taxation...
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...Inclusive Learning Guaranteed!!! (LIKE US ON FACEBOOK AND GET ALL IMPORTANT UPDATES) Category Wise Current Affairs from January 2015 to June 2015 1) Awards and Honours 2) Appointments 3) Banking and Finance 4) Indian Affairs 5) International Affairs 6) Science and Technology 7) Sports 8) Obituary Visit DayTodayGK.com for Current Affairs, General Knowledge, Current Affairs Quiz, Banking Quiz, Marketing Quiz, Science Quiz, English Quiz..etc 9) Important days observed from January to June THE MORE YOU VISIT THE MORE YOU SUCCEED All the Success for your upcoming Exams!!! Contact us at arunsathyan.day2daygk@gmail.com & prerikagupta.day2daygk@gmail.com (Feedbacks are Greatly Appreciated) Do It Now. Sometimes Later Becomes Never. Current Affairs Jan to June AWARDS AND HONOURS Name of the Award Business Person of the Year State Pre-Eminent Science and Technology Award 2015 Space Pioneer Award Award Winner Larry Page Yu Min – Nuclear Scientist ISRO’s Mars Orbiter Mission (MOM) Team Asian Tour’s Players Player of Anirban Lahiri the Year Ballon d’Or 2014 Award Cristiano Ronaldo Governor of the Year Raghuram Rajan National e-Governance Award Vyas Samman Award 2014 Jammu and Kashmir National Tiger Conservation Authority Award Vikram Sarabhai Memorial Award Sahitya Akademi Award Periyar Tiger Reserve NSC Award for Best Electoral Practices Social Media Person of the year 2015 Giraffe Hero Award Best Indian Language Website in India Hindu Literary Prize 2014 CV Anand Martin Luther...
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