News Article | May 11, 2017
KINGSTON, N.Y.--(BUSINESS WIRE)--Kingstone Companies, Inc. (Nasdaq:KINS) (the “Company” or “Kingstone”), a multi-line property and casualty insurance holding company, today announced its financial results for the quarter ended March 31, 2017 Quarterly Dividend of $0.08 per share The Company announced that its Board of Directors declared an increased quarterly dividend of $0.08 per share payable on June 15, 2017 to stockholders of record at the close of business on May 31, 2017. This is our 24th consecutive quarterly dividend. The Company also announced that the 2017 Annual Meeting of Stockholders will be held on Wednesday, August 9, 2017 at 9:00 A.M. at 15 Joys Lane, Kingston, New York. Stockholders of record as of the close of business on June 14, 2017 will be entitled to vote at the Annual Meeting. Kingstone’s Chairman and CEO, Barry Goldstein, commented “There are three things I would like to point out. First, we successfully completed our second follow-on offering in February, delivering the Company an additional $30 million in capital. Second, following the equity raise, we negotiated, with the assistance of Aon Benfield, a new two year Personal Lines Quota Share treaty extending our already twelve year relationship with our quota share reinsurers, Maiden Re and Swiss Re. With the contribution of $23,000,000 to our subsidiary, Kingstone Insurance Company (“KICO”), we were thrilled to be able to reduce the percentage ceded by half-from 40% to 20%. Third, with those two items in place, A.M. Best upgraded KICO’s Financial Strength Rating to “A- Excellent.” This took place on the 131st anniversary of the founding of KICO. A collaboration between lawyers, CPAs, bankers, analysts and many others with so many different skills resulted in our achieving a status in the marketplace sought by us since the demutualization of 2009. I thank all of those involved and look forward to the enhanced and increased opportunities that await us as an A-rated carrier.” Kingstone’s EVP and Chief Actuary, Ben Walden, elaborated on underwriting results for the quarter. “After three straight unusually harsh winter seasons in New York, we were fortunate to experience relatively mild weather this first quarter. From a profitability perspective, the first quarter is typically the most challenging of the year for Kingstone due to the combined impact of winter weather and larger fire claims. However, on both these fronts, results were better than expected this quarter. Excluding the impact of winter weather, claim frequency continued to improve year over year in personal lines. The impact of large fires on the personal lines loss ratio was also greatly reduced in first quarter 2017 relative to the prior year period, leading to a strong improvement in our core loss ratio. Our net combined ratio of 85.2% for the quarter is more than ten points better than our result for the first quarters for each of the last three years and is a great start to what we hope will be another record year for Kingstone. As we continue to post excellent underwriting results, our double digit New York growth rate continues in line with recent quarters. In the first quarter we also introduced New York’s first voluntary flood endorsement, which can now be attached to qualifying Kingstone homeowners policies. Starting in the second quarter, we will begin supplementing our New York growth with business generated from our state expansion plan, beginning with our newly approved homeowners product in New Jersey and then moving on to Rhode Island and Connecticut. The innovative enhancements built into our new product, along with our elite status as an A.M. Best A- rated carrier, should differentiate us from others seeking the cheapest way to deliver their products to new markets. Our newly achieved A.M. Best rating also opens up many additional avenues for growth which we anticipate capitalizing on in the coming months.” Mr. Walden noted, “Our core net loss ratio excluding severe winter weather and prior year loss development improved 7.8 points from 58.5% to 50.7% in first quarter 2017 as compared to first quarter 2016. The improvement was driven by a reduction in both claim frequency and average claims severity in our personal lines business. In addition, prior year loss development was stable in the first quarter 2017 with no material change recorded. We continue to be very confident in the adequacy of our reserves, having taken the required actions over several years to dramatically improve our claims handling process. The numbers again speak for themselves, and we are happy to continue to add value for our shareholders.” Net income increased 171.9% to $1.47 million during the three month period ended March 31, 2017, compared to net income $0.54 million in the prior-year period. The increase in net income can be attributed primarily to a 14.6 point decrease in the net loss ratio. There was a 12.6% increase in net premiums earned, which, combined with the decline in net loss ratio, contributed to the increase in net income. Kingstone reported EPS of $0.15 per diluted share for the three months ended March 31, 2017, compared to $0.07 per diluted share for the three months ended March 31, 2016. EPS for the three month periods ended March 31, 2017 and March 31, 2016 was based on 9.85 million and 7.36 million weighted average diluted shares outstanding, respectively. Direct written premiums1 for the first quarter of 2017 were $26.1 million, an increase of 13.4% from $23.0 million in the prior year period. The increase is attributable to a 10.8% increase in the total number of policies in-force as of March 31, 2017 as compared to March 31, 2016. (1) These measures are not based on GAAP and are defined and reconciled to the most directly comparable GAAP measures in “Information Regarding Non-GAAP Measures” below. Net written premiums1 increased 14.1% to $16.7 million during the three month period ended March 31, 2017 from $14.7 million in the prior year period. Net premiums earned for the quarter ended March 31, 2017 increased 12.6% to $16.4 million, compared to $14.5 million in the quarter ended March 31, 2016. For the quarter ended March 31, 2017, the Company’s net loss ratio was 50.7% compared to 65.3% in the prior period. The first quarter 2017 net loss ratio improved due to a reduction in the impact of severe winter weather and a decline in the core loss ratio excluding the impact of catastrophes and prior year loss development. For the quarter ended March 31, 2017, the net underwriting expense ratio was 34.5% as compared to 31.6% in the prior year period. The increase of 2.9 percentage points was largely due to expenses related to our new state expansion initiative and a one-time favorable impact in first quarter 2016 related to a state premium tax rate adjustment, which does not affect first quarter 2017. Kingstone’s net combined ratio was 85.2% for the three month period ended March 31, 2017, compared to 96.9% for the prior year period. Kingstone’s cash and investment holdings were $138.9 million at March 31, 2017 compared to $94.0 million at March 31, 2016. The Company’s investment holdings are comprised primarily of investment grade corporate, mortgage-backed and municipal securities, with fixed income investments representing approximately 91.3% of total investments at March 31, 2017 and 88.7% at March 31, 2016. The Company’s effective duration on its fixed-income portfolio is 4.8 years. Net investment income increased 5.5% to $858,000 for the first quarter of 2017 from $813,000 in the prior year period, largely due to an increase in invested assets. The purchase of higher rated securities has led to a reduction in the pre-tax equivalent investment yield on estimated annual income, excluding cash, to 4.03% at March 31, 2017 as compared to 4.80% as of March 31, 2016. As of March 31, 2017, AOCI was $0.46 million compared to $1.41 million at March 31, 2016. The Company’s book value per share at March 31, 2017 was $8.29 an increase of 31.2% compared to $6.32 at March 31, 2016. In January and February 2017, the Company sold a total of 2,692,500 newly issued shares of common stock in a public offering at a price of $12.00 per share. Kingstone received net proceeds from the public offering of $30,136,699 after deducting underwriting discounts and commissions, and other offering expenses. Management will discuss the Company’s operations and financial results in a conference call on Friday, May 12, 2017, at 8:30 a.m. ET. The Company will also have an accompanying slide presentation available in PDF format on the Kingstone Companies website at http://www.kingstonecompanies.com/. The presentation will be made available 30 minutes prior to the conference call. In addition, the call will be simultaneously webcast over the Internet via the Kingstone website or by clicking on the conference call link: http://kingstonecompanies.equisolvewebcast.com/q1-2017. The webcast will be archived and accessible for approximately 30 days. Direct written premiums - represents the total premiums charged on policies issued by the Company during the respective fiscal period. Net premiums earned - is the GAAP measure most closely comparable to direct written premiums and net written premiums. Management uses direct written premiums and net written premiums, along with other measures, to gauge the Company’s performance and evaluate results. Direct written premiums and net written premiums are provided as supplemental information, are not a substitute for net premiums earned and do not reflect the Company’s net premiums earned. The table below details the direct written premiums, net written premiums, and net premiums earned for the periods indicated: Net operating income - is net income exclusive of realized investment gains, net of tax. Net income is the GAAP measure most closely comparable to net operating income. Operating return on average common equity - is net operating income divided by average common equity. Return on average common equity is the GAAP measure most closely comparable to operating return on average common equity. Management uses net operating income and operating return on average common equity, along with other measures, to gauge the Company’s performance and evaluate results, which can be skewed when including realized investment gains, which may vary significantly between periods. Net operating income and operating return on average common equity are provided as supplemental information, are not a substitute for net income or return on average common equity and do not reflect the Company’s overall profitability or return on average common equity. The following table reconciles the net operating income to net income and the operating return on average common equity to return on average common equity for the periods indicated: Net combined ratio excluding the effect of catastrophes - is a non-GAAP ratio, which is computed as the difference between GAAP net combined ratio and the effect of catastrophes on the net combined ratio. We believe that this ratio is useful to investors and it is used by management to reveal the trends in our business that may be obscured by catastrophe losses. Catastrophe losses cause our loss trends to vary significantly between periods as a result of their incidence of occurrence and magnitude, and can have a significant impact on the net combined ratio. We believe it is useful for investors to evaluate this component separately and in the aggregate when reviewing our underwriting performance. We also provide it to facilitate a comparison to our outlook on the net combined ratio excluding the effect of catastrophes. The most directly comparable GAAP measure is the net combined ratio. The net combined ratio excluding the effect of catastrophes should not be considered a substitute for the net combined ratio and does not reflect the Company’s net combined ratio. The following table reconciles the net combined ratio excluding the effects of catastrophes to the net combined ratio for the periods indicated: Kingstone is a property and casualty insurance holding company whose principal operating subsidiary, Kingstone Insurance Company, is domiciled in the State of New York. Kingstone is a multi-line property and casualty insurance company writing business exclusively through independent retail and wholesale agents and brokers. Kingstone is licensed to write insurance policies in New York, New Jersey, Pennsylvania, Connecticut, Texas and Rhode Island. Kingstone offers property and casualty insurance products to individuals and small businesses primarily in New York State. Statements in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. More information about these factors can be found in Kingstone’s filings with the Securities and Exchange Commission, including its latest Annual Report filed with the Securities and Exchange Commission on Form 10-K. Kingstone undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The following table summarizes gross and net written premiums1, net premiums earned, and loss and loss adjustment expenses by major product type, which were determined based primarily on similar economic characteristics and risks of loss.
News Article | May 9, 2017
ORLANDO, Fla.--(BUSINESS WIRE)--KNOWLEDGE 17 -- ServiceNow (NYSE: NOW) announces machine learning capabilities to tackle some of the biggest problems in IT today. With ServiceNow Intelligent Automation Engine, companies can now prevent outages before they happen, automatically categorize and route incidents, benchmark performance against IT peers and predict future performance. Capabilities will also bring machine learning to ServiceNow cloud services for Customer Service, Security and Human Resources (HR). Most companies today want to innovate and drive transformation, but find they are bogged down by tools, processes and work patterns of the past. The volume of back and forth work across every department for common tasks like resetting of passwords or onboarding new employees is straining the system. By 2020, 86% of companies say they will need greater automation to get their work done. Artificial Intelligence and machine learning provide a way out, but until today, those have been buzzword techniques or technologies looking for a use case. The ServiceNow Intelligent Automation Engine applies machine learning to four of the biggest use cases that IT has today. ServiceNow has taken the combination of massive amounts of contextual operational data, huge R&D investments, and a team of leading data scientists, to address four big challenges for today’s IT organizations - preventing outages, automatically categorizing and routing work, predicting future performance and benchmarking performance against their peers. “Intelligent automation heralds a new era in workplace productivity,” said Dave Wright, chief strategy officer, ServiceNow. “With this game changing innovation, we have embedded intelligence across our Platform. Trained with each customer’s own data, ServiceNow is enabling customers to achieve a quantum leap in the speed and economics of their business.” Here are the innovations launched today: The Intelligent Automation Engine is part of the Now Platform™, which powers cloud services to speed and automate work for IT, Security, HR, Customer Service and custom applications for any department. As the platform evolves, all departments and applications will benefit from intelligent automation. By automating both routine and complex processes and predicting outcomes, every organization can dramatically reduce costs, speed time-to-resolution and deliver consumer-like experiences for employees, partners and customers. ServiceNow customers are particularly well positioned to take advantage of machine learning. The power of the Intelligent Automation Engine is virtually unlimited as it is applied to more and more domains inside and outside their enterprise. Today, ServiceNow is delivering on the promise of intelligent automation by delivering real customer outcomes, tailored to each customer and their own cloud instance. Reinsurance industry leader Swiss Re uses ServiceNow for its ContactOne service offering to provide end-to-end capabilities for HR, logistics, IT, legal and other corporate functions. The company has injected intelligent automation into those services to provide an improved customer experience. “As work and change accelerate, so does our comprehensive digital IT strategy,” said Ashish Agarwal, director of Information Technology, Swiss Re. “Adding intelligent automation is important in our transformation to achieve high customer satisfaction but also increased end-to-end productivity.” Intelligent Automation Engine-enabled products will be available in the third quarter of 2017. Your enterprise needs to move faster, but lack of process and legacy tools hold you back. Every day, thousands of customer requests, IT incidents, and HR cases follow their own paths—moving back and forth between people, machines and departments. Unstructured. Undocumented. Unimproved for years. With the ServiceNow® System of Action™ you can replace these unstructured work patterns of the past with intelligent workflows of the future. Now every employee, customer and machine can make requests on a single cloud platform. Every department working on these requests can assign and prioritize, collaborate, get down to root cause issues, gain real-time insights and drive to action. Your employees are energized. Your service levels improve. And you realize game-changing economics. Work at Lightspeed™. To find out how, visit www.servicenow.com. © 2017 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc., in the United States and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated.
News Article | May 10, 2017
H&M has become the first international fashion retailer to join EP100, the global, collaborative initiative led by The Climate Group to save energy and to encourage influential businesses to double their energy productivity as part of international efforts to transition to a net-zero economy. The announcement was made at the 2017 Energy Efficiency Global Forum in Washington D.C., where leaders from business, government and leading NGOs gathered to assess the future of energy efficiency. The aim of the collaborative, which includes nine other major leading businesses such as Woolworths, Land Securities, Dalmia Cement, Swiss Re, and Johnson Control, is to showcase that by doubling the economic output from every unit of energy consumed, companies set a bold target, demonstrating climate leadership while reaping the benefits of lower energy costs. On joining the campaign, Pierre Borjesson, global sustainability business expert at H&M said: “Using less energy and increasing our economic output is a fundamental part of our strategy. We have long been working to reduce our climate impact and recently launched our new commitment to achieve a climate positive value chain by 2040. “This means H&M will support reductions of greenhouse gases to larger extent than what our value chain emits. Two of our key priorities are leadership in energy productivity and using renewable energy throughout the value chain.” H&M has pledged that by 2030 at the latest it plans to build future stores using 40 percent less energy per square metre, compared to those constructed today. Adding that within its stores, the retailer aims to invest in new technologies for lighting, heating, ventilation and air conditioning (HVAC) systems to improve its operational energy productivity. Additionally, H&M aims to have 100 percent of its supplier partners enrolled in an energy efficiency program by 2025, as well as reduce the energy used in its logistics transport and warehouses. Helen Clarkson, chief executive of The Climate Group added: “It is great to see a multinational such as H&M taking a leading role in enhancing energy efficiency by joining EP100. Already a member of our RE100 initiative that commits businesses to renewable power, H&M is going one step further in enhancing its commitment to climate initiatives. “We hope that H&M’s leadership in this area can inspire other companies across sectors to embrace energy productivity initiatives, to align economic growth with environmental sustainability.” The EP100 campaign is part of The Climate Group’s partnership with the Alliance to Save Energy.
News Article | May 15, 2017
KINGSTON, N.Y.--(BUSINESS WIRE)--Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”) announced today that Carla D’Andre has joined the Company’s Board of Directors. Ms. D’Andre brings to the Board more than 40 years of experience in the insurance industry. She is the co-founder of D’Andre Insurance Group, Inc., the parent of two independent insurance agencies. Prior to starting these agencies, Ms. D’Andre was Executive Vice President, Head - Global Corporate Practice and Member – Partner’s Council at Willis Group Holdings; Managing Director and Strategic Account Manager at AON Risk Services; Chief Operating Officer at XL Capital’s start-up firm, Inquis Logic Inc.; Member of Senior Management and Managing Director of Swiss Re New Markets and Director of Alternative Markets at Swiss Re America; Senior Vice President of Sedgwick North America; and Vice President of Johnson & Higgins. “We are delighted that Carla has accepted our offer to join the Company’s Board,” said Barry Goldstein, KINS Chairman and Chief Executive Officer. “She brings with her a love for the industry, a detailed knowledge of the business and a wealth of experience.” Ms. D’Andre will join the Company’s Audit Committee, Nominating and Corporate Governance Committee, as well as the Compensation Committee. She will chair the Company’s Insurance and Finance Committee. Ms. D’Andre added “I am looking forward to helping to grow Kingstone’s shareholder value. The Company enjoys a stellar reputation with its entire distribution network, and is positioned to become a larger, more geographically diversified northeast regional carrier.” Kingstone is a property and casualty insurance holding company whose principal operating subsidiary, Kingstone Insurance Company, is domiciled in the State of New York. Kingstone is a multi-line property and casualty insurance company writing business exclusively through independent retail and wholesale agents and brokers. Kingstone is licensed to write insurance policies in New York, New Jersey, Pennsylvania, Connecticut, and Texas. Kingstone offers property and casualty insurance products to individuals and small businesses primarily in New York State and New Jersey.
News Article | June 14, 2017
ZURICH, 14-Jun-2017 — /EuropaWire/ — Reduced market access, regulatory fragmentation, the return of inflation, cloud risk accumulation, but also emerging liability legislation for artificial intelligence, are some of the key risks identified in this year’s SONAR report published today. The publication is based on the SONAR process, a crowdsourcing tool drawing on Swiss Re’s unique internal risk management expertise to pick up early signals of what lies beyond the horizon. The report offers insights into emerging risks and highlights a number of emerging trend spotlights. Emerging risks are newly developing or evolving risks that are difficult to quantify and sometimes not fully understood, but potentially have an impact on the industry and society. Emerging trend spotlights examine early development, which may offer both opportunities and risks for the insurance industry in the future. The report is widely distributed among clients and the wider stakeholder community in order to inform the debate about emerging risks and facilitate the finding of solutions. “Ignoring emerging risks is not an option, neither for political decision-makers, the insurance industry, nor society as a whole. The earlier we adapt to these changes, the better prepared we will be”, says Patrick Raaflaub, Swiss Re’s Group Chief Risk Officer. “Sharing knowledge through a proactive risk dialogue across stakeholders can help the insurance industry create a pro-active and pre-emptive risk management culture that enables disciplined risk-taking. That is an important step to help society as a whole to become more resilient”, Raaflaub adds. The identified risks are relevant to life and non-life insurance areas as well as asset management. They are presented with the goal of helping industry players prepare for new scenarios by adapting their behaviour, market conduct and product portfolios. Table: Overview of the 20 new emerging risks and their potential impact over time The six top risks with the highest potential impact: Reduced market access – protecting your own backyard: The use of regulation to control capital flows and encourage protectionism could eventually undermine the business models of international corporations. Island solutions – regulatory fragmentation: Increased fragmentation in regulation could undermine re/insurers’ ability to support economic activity and act as stabilizers in the financial markets. In a fragmented regulatory world there is also much less opportunity to efficiently pool risks. The return of inflation – the effect on insurance business: After years of low inflation and even fears of deflation, we see signs of headline price increases here and there. Inflation can affect insurers’ profitability, in particular on long-term liabilities (life, casualty). It can also have an adverse impact on asset management. The perfect storm – cloud risk accumulation: Cloud services have become widespread, for business and households alike. But as the cloud accumulates data-sets and services on an ever-increasing scale, it also generates a variety of risks that may accumulate to a “perfect storm”, e.g. by a cyber-attack or a power blackout. The big drying – growing water stress: While the U.S. Southwest is in an on-going water crisis, similar situations can be found today and in the future around the world – from Southern Europe and the Mediterranean to Africa, parts of Asia and Latin America. The risks range from wildfires, competition for water among the energy and agricultural sectors to mass migration and wider conflict potentials. Bugs on the march – underestimated infectious diseases: The question is not whether deadly infectious diseases will appear, but when and how society is prepared to cope with them. In an extreme scenario, each epidemic or pandemic has high relevance for life and health insurance and the financial markets. Join the discussion on Twitter: #SRSonar17 and check out our infographics. About Swiss Re The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk-taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of around 80 offices globally and is rated “AA-” by Standard & Poor’s, “Aa3” by Moody’s and “A+” by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the International Reporting Standard on the SIX Swiss Exchange and trade under the symbol SREN. For more information about Swiss Re Group, please visit: www.swissre.com or follow us on Twitter@SwissRe. Cautionary note on forward-looking statements Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Forward-looking statements typically are identified by words or phrases such as “anticipate”, “assume”, “believe”, “continue”, “estimate”, “expect”, “foresee”, “intend”, “may increase”, “may fluctuate” and similar expressions, or by future or conditional verbs such as “will”, “should”, “would” and “could”. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the Group’s actual results of operations, financial condition, solvency ratios, capital or liquidity positions or prospects to be materially different from any future results of operations, financial condition, solvency ratios, capital or liquidity positions or prospects expressed or implied by such statements or cause Swiss Re to not achieve its published targets. Such factors include, among others: These factors are not exhaustive. The Group operates in a continually changing environment and new risks emerge continually. Readers are cautioned not to place undue reliance on forward-looking statements. Swiss Re undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. This communication is not intended to be a recommendation to buy, sell or hold securities and does not constitute an offer for the sale of, or the solicitation of an offer to buy, securities in any jurisdiction, including the United States. Any such offer will only be made by means of a prospectus or offering memorandum, and in compliance with applicable securities laws.
News Article | March 1, 2017
Expert System (EXSY.MI), le leader des technologies d'analyse cognitive pour la gestion des contenus non structurés, annonce aujourd'hui avoir été sélectionné par le magazine KMWorld pour rejoindre son palmarès des '100 entreprises qui comptent dans l'industrie de la gestion des connaissances'. Le Top 100 KMWorld a été compilé par un jury composé d'analystes marché, d'experts en technologies de gestion des connaissances, de chercheurs, de fournisseurs de solutions et d'utilisateurs. Le classement identifie les meilleures solutions logicielles permettant d'améliorer la capacité des entreprises à accéder et analyser la connaissance stratégique. « La gestion des connaissances couvre un vaste panel de solutions aux fonctionnalités éprouvées ou futuristes. Les éditeurs désignés dans le classement KMWorld 2017 des 100 entreprises qui comptent dans l'industrie de la gestion des connaissances présentent un large éventail de capacités, et partagent des caractéristiques communes comme l'innovation, l'ingéniosité, l'utilité et le dynamisme », déclare Sandra Haimila, rédacteur en chef du magazine KMWorld. « De plus, les entreprises qui figurent dans cette liste conçoivent des solutions qui aident leurs clients à transformer les quantités énormes de données en connaissance exploitable sur laquelle ils peuvent s'appuyer pour améliorer la collaboration, fonder leurs analyses et atteindre leurs objectifs. » Les organisations présentes dans les secteurs de la banque-assurance, de l'édition-média, des sciences de la vie, de l'énergie et de l'industrie utilisent les solutions de gestion de connaissance d'Expert System pour rendre leur connaissance plus accessible et exploitable. La technologie Cogito adopte une approche quasi-humaine fondée sur la technologie sémantique et l'analyse du langage naturel, permettant aux organisations d'utiliser de manière plus efficace leur documentation métier. En gérant les contenus avec une granularité et une précision d'une extrême finesse, Cogito améliore la catégorisation automatique, l'étiquetage, et l'enrichissement des métadonnées, le développement de taxonomies, les analyses et l'extraction d'entités. Au-delà de l'optimisation des résultats de recherche, Expert System automatise les processus consommateurs de connaissance métier supportant ainsi les activités stratégiques de l'entreprise telles que le support client, la gestion des risques opérationnels, la gestion de la conformité, l'analyse de l'information… « L'informatique atteint aujourd'hui un point d'inflexion. Avec un rythme d'adoption accéléré, la technologie cognitive permet aux entreprises de devenir plus performantes en automatisant leurs processus métiers de traitement de l'information pour convertir un paysage riche en information en un vivier de données exploitables », déclare Claudio Palmolungo, Vice-Président Exécutif, Expert System. « Nous sommes honorés d'être à nouveau reconnus cette année par KMWorld comme l'un des principaux contributeurs à cette tendance. » KMWorld (http://www.kmworld.com) est le leader de l'information spécialisée dans le marché des systèmes de gestion des connaissances. KMWorld couvre l'actualité du domaine de la gestion de contenus, de documents et de la connaissance et partage avec ses 21 000 abonnés les meilleures solutions disponibles du marché, les nouveaux processus de gestion, ainsi que les cas probants d'implantation de solutions permettant d'améliorer la performance des entreprises. Le magazine KMWorld est une division du groupe Information Today Inc. (http://www.infotoday.com ) Expert System est un leader du marché des solutions d'informatique cognitive et de Text Analytics qui s'appuie sur Cogito, sa technologie sémantique multilingue d'analyse des informations non structurées. Conçu à partir d'algorithmes propriétaires d'intelligence artificielle, Cogito extrait la connaissance exploitable issue d'informations internes et externes et automatise les processus intensifs de traitement de l'information. Fortes d'actifs informationnels valorisés, de processus accélérés et d'une expérience utilisateur enrichie, les organisations bénéficient rapidement de retours sur investissement concrets. De nombreuses organisations issues de secteurs d'activités variés (banque-assurance, sciences de la vie, énergie, édition, défense) font confiance à Expert System dans le monde entier : AFP, APEC, Crédit Agricole, EDF, Europol, ING Direct, Inserm, Intesa Sanpaolo, Les Echos, Ministère de l'Intérieur, Sanofi, Shell, Société Générale, Swiss Re, Total, US Department of Justice, Volkswagen, Wolters Kluwer, etc.
News Article | February 15, 2017
NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, consolidates its position as a Core Leader in the unique European learning and talent market insight report, the Fosway 9-Grid™ for Learning Systems, which was released in January 2017. This year’s model shows NetDimensions improving both its performance capabilities and its potential in delivering Learning Systems. “NetDimensions has been recognized as a Core Leader in Learning Systems thanks to its strong track record of delivering complex solutions for enterprise organizations,” said David Wilson, CEO of Fosway Group. “Together with positive client feedback and a growing customer base, NetDimensions continue to demonstrate its progress year on year.” NetDimensions CEO Jay Shaw commented: “We are pleased that Fosway Group continues to see us as a leader in our chosen high-consequence industries, where we provide the ‘license-to-operate’ learning and talent management solutions. We continue investing in providing solutions that meet the complex needs of organizations in highly regulated environments.” The Fosway 9-Grid™ is a five dimensional market analysis model that is used to understand the relative position of solutions and providers in the learning and talent systems market. The Fosway 9-Grid™ has been evolving since 2008 and is driven by demand for analysis and insight designed for European-based companies. The Fosway 9-Grid™ Report for Learning Systems is available for download on the Fosway Group website. At Fosway Group we understand that developing and engaging people is how complex global organizations deliver performance and achieve success. Just as every employee’s talent journey is unique, so is every organization’s people strategy. Fosway Group’s analyst and advisory services deliver the insights your organization needs to achieve results and eliminate risk. We know that every aspect of next generation HR and talent are more intertwined than ever. When you work with us, you accelerate your insight and make better decisions. We’re Europe’s #1 independent HR analyst, and just like the Roman road we draw our name from, you’ll find that we’re unusually direct. We don’t have a vested interest in your technology or consulting choices. You can depend on us to tell you what you need to know to succeed. Example clients include: Alstom, Aviva, Boots UK, BP, BT, Centrica, Deutsche Bank, Faurecia, HSBC, International SOS, Lloyds Banking Group, Novartis, PwC, Rolls-Royce, Royal Bank of Scotland, Sanofi, Shell, Swiss Re, Telefonica, Thomson Reuters, Toyota Europe, and Vodafone. Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of learning, knowledge and performance management solutions to highly regulated industries. NetDimensions provides companies, government agencies and other organizations with talent management solutions to personalize learning, share knowledge, enhance performance, and manage compliance programs for employees, customers, partners, and suppliers. NetDimensions' solutions also include custom content and learning portal development services, as well as off-the-shelf course libraries and regulatory compliance courseware developed by NetDimensions' subject matter experts and content partners. NetDimensions' award-winning solutions have been chosen by leading organizations worldwide including ING, Cathay Pacific, Chicago Police Department, Geely Automotive, Norton Healthcare, and Fresenius Medical Care. NetDimensions is ISO 9001 certified and NetDimensions' Secure SaaS practices are ISO 27001 certified. For more information, visit http://www.NetDimensions.com or follow @netdimensions on Twitter.
News Article | January 26, 2017
LONDON, 26 January 2017 – Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based human capital management software, today announced that it remains positioned as a Strategic Leader in the 2017 Fosway 9-Grid™ for Learning Systems. The Fosway 9-Grid™ is a five-dimensional market analysis model that is used to understand the relative position of solutions and providers in the European talent systems market. It provides readers a comparison of different solutions based on performance, potential, market presence, total cost of ownership and future trajectories across the market. The Fosway 9-Grid™ is the only market analysis of its kind focused on organisations in Europe. “Cornerstone retains its position as a Strategic Leader in the 2017 Fosway 9-Grid™ for Learning Systems because of its consistent performance, growth and investment in innovation” said David Wilson, CEO Fosway Group. “Cornerstone continues to deliver capabilities that meet the demands of complex enterprise-scale customers as well as strong customer advocacy and growing its penetration into the mid-market.” Cornerstone’s learning management software enables organisations to engage the entire workforce, accelerate employee performance, support organisational goals, and ensure compliance. From a simple, modern and engaging centralised solution, Cornerstone delivers instructor-led training (ILT), virtual, mobile, collaborative and online learning, exams, certifications, and compliance content for training and developing employees. “We have a strong learning heritage, and Cornerstone being featured as a Strategic Leader is a real testament to how comprehensive and modern our solution is. We pride ourselves on our ability to deliver innovation, true adoption, advocacy, and customer satisfaction,” said Vincent Belliveau, executive vice president and general manager of Europe, Middle East and Africa (EMEA) for Cornerstone OnDemand. “Learning never ends, and is very much a survival skill as change remains rapid in organisations. Data and analytics are more important than ever because of this too, and our suite of products helps organisations to build their people’s skills, boost engagement through modern and collaborative learning, and predict the future leadership pipeline based on data – and train them accordingly.” Learn more and download the 2017 Fosway 9-Grid™ for Learning Systems at http://www.fosway.com/9-grid/learning-systems About Fosway Group At Fosway Group we understand that developing and engaging people is how complex global organisations deliver performance and achieve success. Just as every employee’s talent journey is unique, so is every organisation’s people strategy. Fosway Group’s analyst and advisory services deliver the insights your organisation needs to achieve results and eliminate risk. We know that every aspect of next generation HR and talent are more intertwined than ever. When you work with us, you accelerate your insight and make better decisions. We’re Europe’s #1 independent HR analyst, and just like the Roman road we draw our name from, you’ll find that we’re unusually direct. We don’t have a vested interest in your technology or consulting choices. You can depend on us to tell you what you need to know to succeed. Example clients include: Alstom, Aviva, Boots UK, BP, BT, Centrica, Deutsche Bank, Faurecia, HSBC, International SOS, Lloyds Banking Group, Novartis, PwC, Rolls-Royce, Royal Bank of Scotland, Sanofi, Shell, Swiss Re, Telefonica, Thomson Reuters, Toyota Europe, and Vodafone. About Cornerstone OnDemand Cornerstone OnDemand (NASDAQ: CSOD) is a global leader in cloud-based human capital management software. The company’s solutions help organisations realise the potential of the modern workforce. From recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning, people administration and analytics, Cornerstone is designed to enable a lifetime of learning and development that is fundamental to the growth of employees and organisations. Based in Santa Monica, California, the company’s solutions are used by more than 2,800 clients worldwide, spanning nearly 28 million users across 191 countries and 42 languages. To learn more about Cornerstone, visit us on Twitter, Facebook and our blog. www.cornerstoneondemand.co.uk Cornerstone® and Cornerstone OnDemand® are registered trademarks of Cornerstone OnDemand, Inc.
News Article | February 24, 2017
Conference panelists will dig down into an array of topics such as The Top Emerging Trends in Asbestos Litigation, Are Industrial and Commercial Talc the New Frontier in Asbestos Litigation?, Jurisdictional and Legislative Updates in: IL, LA, MO, PA, NY and CA, The In-House Counsel and Insurance Perspectives, The Role of DNA in Asbestos Litigation, Daimler: Where Do We Belong and Where Are We Going?, The Impact of Kesner/Haver on Take-Home Exposure Cases and The Long Tail of Discovery Obligations: What are the Current Ethical Responsibilities of Litigants and Their Attorneys? Below are some of the featured conference speakers, all of whom manage asbestos claims throughout the entire country and are eager to provide insights and perspectives into which cases are keeping them up at night. Katie Barker, Associate Claims Counsel, RiverStone Claims Management, LLC – Manchester, NH Michael J. Blair, Vice President – Environmental Claims, Gen Re – San Francisco, CA Joshua P. Briefel, Complex Claims Analyst, RiverStone Claims Management, LLC – Manchester, NH Chris Carpenter, Senior Vice President, Swiss Re America Holding Corporation – Kansas City, MO Holly A. Harris, Esq., Senior Counsel, Chevron Products Company – San Ramon, CA Nancy A. Rideout, CCLA, Analyst-Claims, IROC, Argo Group US – San Antonio, TX Laura Schoefer, Esq., Assistant Vice President – Direct Claims, Resolute Management, Inc. – Boston, MA Paul Slater, Senior Counsel, General Electric Company – Fairfield, CT Linda Tatka, Claims Director, San Francisco Reinsurance (ARM US) – Petaluma, CA David A. Warren, Assistant Vice President, Resolute Management, Inc. – Chicago, IL The conference will be chaired by four leading plaintiff and defense attorneys in the asbestos litigation industry, who have collaborated with Perrin Conferences to assemble a well thought-out, balanced agenda consisting of topics and speakers that active litigants in the industry won’t want to miss out on. The conference offers CLE accreditation for qualified candidates, including a session for ethics credit. For more information about the agenda and registration, please visit http://www.perrinconferences.com . About Perrin Conferences As the leading national provider of joint plaintiff/defendant litigation conferences, Perrin Conferences offers comprehensive and specialized continuing legal education (CE/CLE) in an atmosphere of learning, networking and sharing. The company’s conferences attract influential leaders and foremost talent in the legal industry to discuss current topics in litigation through mock trials, presentations and webinars, setting the standard in professional litigation education and networking.
News Article | February 15, 2017
NEW YORK, Feb. 15, 2017 /PRNewswire/ -- Swiss Re Corporate Solutions appoints Jim George to the role of Global Head Claims. Mr. George will lead the global claims organization and serve as a member of Corporate Solutions' Management and Business Management Committees. He succeeds Nicola Parton, who is now Head Primary Lead Strategy & Client Engagement. Since 1995, Mr. George has held a variety of claims management and leadership positions with Swiss Re Corporate Solutions, and formerly GE Insurance Solutions. Most recently, he served as Head North America Claims. Mr. George was instrumental in creating the Corporate Solutions Claims Commitment, which is now an integral part of the company's value proposition. "Outstanding service is a fundamental part of our offering," states Agostino Galvagni, CEO Swiss Re Corporate Solutions. "As we continue to build a world-class claims organization, Jim's client-centric mindset, alongside his background and experience, makes him the ideal person to lead this team." Mr. George is a licensed attorney who previously practiced law in Kansas City, Missouri. He received his JD from Indiana University, School of Law. About Swiss Re Corporate Solutions Swiss Re Corporate Solutions offers innovative, high-quality insurance capacity to mid-sized and large multinational corporations across the globe. Our offerings range from standard risk transfer covers and multi-line programmes, to highly customised solutions tailored to the needs of our clients. Swiss Re Corporate Solutions serves customers from over 50 offices worldwide and is backed by the financial strength of the Swiss Re Group. For more information about Swiss Re Corporate Solutions, please visit www.swissre.com/corporatesolutions or follow us on Twitter @SwissRe_CS.