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Experians Identity GM Addresses Industrys Post-COVID Challenges
The quick pivot of so much commerce to online systems has increased the possibility of fraud, creating challenges for IT leaders.
Image: Sashkin - stock.adobe.com
Just like a flood and then the cleanup and rebuilding after such a natural disaster, COVID-19 had an initial impact on our lives with health consequences, shutdowns, and more including an economic downturn and new ways to accomplish tasks such as shopping for groceries or gifts. How our behavior has changed over the last year and the new patterns of commerce are yet another huge impact of the coronavirus pandemic.
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Digital transformation â as business ideology and enterprise imperative â has won: Serious business leaders worldwide accept that their markets, customers, and workers have gone digital. In our recent global management survey, 93% of workers across industries and geographies affirm that being digitally savvy is essential to performing well in their role. The idea that effective digital transformation delivers agility, adaptability, and customer centricity is now both managerial mantra and leadership inspiration.
In real life, however, effective digital transformations also deliver unforeseen risks and unanticipated costs. Leadersâ emphasis on greater efficiency and productivity has provoked a backlash, particularly from a digitally savvy workforce. Digital talent now expects more from leadership than greater flexibility, better compensation, and/or productivity-supporting work environments. Our research suggests that digitally savvy workforces
Fleming Reinsurance Ltd. announced the creation of a custom reinsurance facility with BevCap P&C Protected Cell, Inc, with the facility aiming to provide “BevCap’s members the ability to eliminate seasoned risks by providing full economic and legal finality and on an annual basis.”
A spokesperson said, “The facility provides BevCap’s members the ability to eliminate seasoned risks by providing full economic and legal finality and on an annual basis. Within a single flexible structure, the facility provides for annual recurring novations under a clearly defined mechanism that provides certainty on pricing and transaction timing for group members. This facility will assume BevCap’s Workers Compensation, General Liability, Automobile Liability and Auto Physical Damage liabilities.