The uncertainty around the Affordable Care Act and the health care market in general could lead to some major upheaval in the -More-
Reported by SmartBrief 18 hours ago.
What to watch for in health insurance in 2018
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Dianne Feinstein says she will not back spending bill without deal for 'Dreamers' or children's health insurance
Reported by L.A. Times 17 hours ago.
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MNsure signups set fast pace, with 108K and 3 weeks to go
ST. PAUL, Minn. (AP) — Minnesota’s health insurance exchange says it has signed up more than 108,000 residents in health plans. Open enrollment in Minnesota continues through January 14. But Wednesday’s deadline for coverage effective in the New Year helped MNsure hit a new high watermark for registrations. MNsure chief executive Allison O’Toole said Thursday […]
Reported by Seattle Times 15 hours ago.
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Health insurance agency makes last-minute enrollment push
HARTFORD, Conn. (AP) — Connecticut residents without health insurance are being urged to sign up for coverage before the state’s midnight deadline Friday night. Democratic Lt. Gov. Nancy Wyman stressed Thursday how elimination of the health insurance mandate in the new Republican tax bill “doesn’t have any bearing on next year” and residents must be […]
Reported by Seattle Times 15 hours ago.
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Strong showing for Obama health law as nearly 9M sign up
WASHINGTON (AP) — The government says about 8.8 million people have signed up for coverage next year under the Affordable Care Act. A deadline surge last week appears to account for the surprisingly strong numbers. Thursday's update came via Twitter from Seema Verma, head of the Centers for Medicare and Medicaid Services. Total national sign-ups won't be known for weeks, as some states with later deadlines continue to enroll customers. The latest enrollment numbers come a day after President Donald Trump proclaimed that the GOP tax bill "essentially repealed Obamacare." But the tax overhaul only repealed the health law's fines on people who don't carry health insurance, starting in 2019.
Reported by SeattlePI.com 15 hours ago.
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Why Governments Treat You Like a Number, Not an Individual
Via The Daily BellGovernments hate anything that empowers individuals. This is because it makes governing harder. And this holds true regardless of whether you view government as overall good, or generally evil.
Say the U.S. government has the best intentions for making the drinking age 21. Surely some 18-year-olds could handle drinking, and surely many 25-year-olds cannot. But the government would have to expend massive resources evaluating the capacity of each individual to handle their alcohol.
Of course, this would also be extremely oppressive to allow a government to decide on an individual basis who has certain rights and can handle responsibilities. But it is no less oppressive to deny 22 million 18-20 year olds (still picking a relatively arbitrary age of responsibility) the right to decide what will go into their bodies.
Age can be a tricky one. There are massive amounts of material to discuss about age, including the fact that adolescence is unnatural and used as a tool to wildly oppress 13-20 year olds. So let’s leave that discussion alone for now and pick an example that has nothing to do with age.
Licensing by the government as a pre-requisite to enter a particular occupation is absurdly oppressive.
I can hear the hyperbolic objections now, “So you don’t want your brain surgeon to go to medical school?”
Of course, as an individual, I would still choose qualified professionals to provide services for me. The methods of evaluating these people would change based on the individual circumstances. For something as important as brain surgery, I may only rely on people who have achieved a medical doctorate from a reputable university, and passed an accreditation process in their field.
But a massage therapist? I might risk $60 on a masseuse with no official qualifications. More likely I would rely on reviews from other customers. Worst case scenario, I lose $60 and my back is still sore.
And then there is plenty of room in between. I might hire an electrician without any certificates on the recommendation of a friend who knows about wiring. But if I was finding a random electrician to hire, I would make sure they were somehow accredited by a third party with knowledge of the industry and skill.
But the choice should be mine. And the choice of how much education, and certification a person in any particular field wants should be their choice. Taken together, individuals will decide the requirements based on their interaction in the market.
Yet most states require between 1000-2000 hours of training to become licensed as a barber or a cosmetologist. In Massachusetts, it takes 100 more hours of training to become a refrigeration technician than to become a police officer. In fact, most states require less than half the training hours for police as required for professions like an interior designer, manicurist, or barber.
This is ignoring the fact that individuals vary greatly. If you grew up working on cars, you might know more than someone the same age who attended a four-year mechanic’s training program. But all the government sees are certifications and official hours of training.
Now you might think, “Who cares, just don’t get a license, and only take clients who don’t care.”
And this would be a valid argument if there were no legal penalties. In fact, even without government requirements, “licenses” would still exist from trade organizations. People would likely seek them out in order to prove to potential clients that they are skilled. However, under these circumstances, you would not get threatened with fines or jail time for practicing without a license.
A woman in Florida was a health coach. Part of her coaching involved suggestions on what people should eat. But because she is not a licensed dietician, the state of Florida says it is illegal for her to get paid to give nutritional advice.
Her clients have no problem paying for her dietary expertise. They have decided, through one method or another, that she is qualified and skilled enough to get their business. Yet the state of Florida has slapped her with a $750 fine and threatened her with an additional $1000 fine for every additional piece of paid dietary advice she gives. She could even face a year in prison!
Turns out, a licensed dietician reported her to the authorities. Someone who jumped through the hoops, and paid the fees to get the state license is pissed off that someone is encroaching on their turf.
It is a case of protectionism. Licensing ends up being a barrier to entry into professions. It keeps the cost up and allows cartel control over industries.
The government uses licensing to control groups. Politicians get support from whole labor unions. They offer legitimacy in a profession, for a price.
If individuals did not rely on the government to enter professions, then the government would have no way of manipulating the masses for their own particular ends. Elections, favors, donations, legislation, and regulation all rely on grouping individuals together in order to better control them.
Licensing and legal ages are just two examples of this problem. At every turn, the government does not look at people as the individuals they are, but as a number, a part of a group, or a statistic. They do this with tax brackets, health insurance requirements, and law enforcement. They forget about individuals when it comes to regulations on technology like Uber, cryptocurrencies, and drones.
Allowing individuals to group themselves voluntarily would mean letting go of control. It would mean an end to a two-party political system that manufactures problems that can broadly group people into support camps. It would mean actually focusing on how things effect individuals, instead of using the good of the group as a smokescreen for actions which harm particular individuals.
But it doesn’t have to be that way. The government doesn’t like individualism because it is harder to control people. But we don’t need the government to control people in order to be prosperous, safe, and healthy as individuals and as a society.
The economy is changing in a way that makes individuals more capable and powerfulthan ever before. You can now arrange your life however you want. And I suspect we will only see the market grow to offer more innovative ways to sidestep the government obstruction of our individual wants and needs. Reported by Zero Hedge 15 hours ago.
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U.S. official says 8.8 million people signed up for 2018 Obamacare health plans
NEW YORK (Reuters) - About 8.8 million people signed up for 2018 Obamacare health insurance plans on the federally run HealthCare.gov, a top U.S. health official said on Thursday, about a 4 percent decline from sign-ups for 2017.
Reported by Reuters 14 hours ago.
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Congress scrambles to avert shutdown, provide money for children's health insurance
Temporary spending bill would keep government open through mid-January and fund Children's Health Insurance program through end of March.
Reported by Delawareonline 14 hours ago.
Reported by Delawareonline 14 hours ago.
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Arizona health insurance signups near 167,000
PHOENIX (AP) — Arizonans flocked to buy health insurance in the final week of the individual enrollment period, with the number of people choosing plans or having their existing insurance automatically renewed nearly doubling the previous five weeks’ totals. The enrollment period that ended last Friday had seen tepid activity as of Dec. 9, with […]
Reported by Seattle Times 14 hours ago.
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Long-term deal for children’s health again eludes Congress
WASHINGTON (AP) — Congress has failed to approve long-term funds for a popular program that provides health insurance for nearly 9 million low-income children. The Christmas season stalemate over the Children’s Health Insurance Program is leaving each party blaming the other. And states are scrambling to decide how to parcel out dwindling money. Lawmakers scurrying […]
Reported by Seattle Times 13 hours ago.
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Obamacare is hardly repealed, but some may have more and costlier insurance choices
The penalty for not buying health insurance may be gone, but most of the taxes for the Affordable Care Act are still in place.
Reported by USATODAY.com 12 hours ago.
Reported by USATODAY.com 12 hours ago.
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Long-term deal for children's health again eludes Congress
WASHINGTON (AP) — Congress has failed to approve long-term funds for a popular program that provides health insurance for nearly 9 million low-income children. The Christmas season stalemate over the Children's Health Insurance Program is leaving each party blaming the other. And states are scrambling to decide how to parcel out dwindling money. Lawmakers scurrying to leave the Capitol for the holidays are expected to approve a short-term patch that Republicans said would keep state programs operating until late January or early February. Congress approved a similar stopgap solution in September. Democrats and Republicans want to renew financing for the Children's Health Insurance Program for several years.
Reported by SeattlePI.com 13 hours ago.
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Colorado lawmakers approve using state money to keep health insurance program for kids running
Congress on Thursday approved funding for the Children's Health Insurance Program through March, but state lawmakers, worried that the money won't arrive in time, gave the OK to using state money to keep the program afloat for another month.
Reported by Denver Post 9 hours ago.
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Allianz SE: Allianz advances plans to purchase outstanding shares in Euler Hermes
Allianz SE / Key word(s): Tender Offer
Allianz SE: Allianz advances plans to purchase outstanding shares in Euler Hermes
22-Dec-2017 / 07:01 CET/CEST
--------------------
Not for distribution in the United States, Canada, Japan, Australia, South Africa, or Italy
This press release does not constitute an offer to purchase any securities.
Allianz advances plans to purchase outstanding shares in Euler Hermes
*- *Allianz files tender offer for outstanding shares in Euler Hermes with French markets regulator AMF
- Allianz seeks regulatory approval for 122 euros-per-share bid for Euler Hermes
- Allianz's simplified cash tender offer is for the 24.20 percent stake in Euler Hermes it does not already own
- Allianz offer for Euler Hermes shares to open in early 2018, if approved
- Allianz intends to follow up with squeeze-out procedure if minority shareholders represent less than 5 percent of share capital and voting rights following the tender offer
Munich, December 22, 2017 - Allianz Group has advanced plans to increase its stake in Euler Hermes by filing its tender offer request to French markets regulator Autorité des marchés financiers (AMF).
If approved, Allianz will offer 122 euros per share of Euler Hermes. The offer covers a maximum number of 10,320,680 shares or 24.20 percent of the share capital and theoretical voting rights of the company.
The offer marks a step forward in Allianz's strategy to invest in profitable businesses and strengthen its position in core home markets, and in property and casualty in particular. Euler Hermes is the leading global trade credit insurer and a core component of Allianz global lines business.
Allianz, Europe's largest insurer, is expected to begin the tender in early 2018, offering shareholders, inter alia, a 20.7 percent premium to the pre-announcement closing price on November 24, 2017 and a 30.8 percent premium to the twelve month volume weighted average Euler Hermes share price on the same date. The offer is expected to close in the first quarter of 2018.
The offer would be followed by a squeeze-out if minority shareholders^[1] represent less than 5 percent of the share capital and voting rights upon completion of the offer.
Given the limited market liquidity in Euler Hermes stock, the proposal represents a unique opportunity for Euler Hermes' minority shareholders to fully realize their investments at a premium to the pre-announcement trading price.
As previously announced on November 27, 2017, the offer will have no impact on the announced share buy-back program of Allianz SE for 2018 in the amount of up to 2 billion euros.
The contemplated transaction is expected to be immediately EPS accretive by around 1 percent^[2] and to lower Allianz's solvency position by around 4 percentage points.
Allianz supports the strategy of Euler Hermes Board of Management and does not intend, as a result of the offer, to change Euler Hermes' Supervisory Board composition or Euler Hermes' operating model beyond ordinary course of business.
Rothschild Martin Maurel and Société Générale acted as presenting banks for the offer filed with the AMF on December 21, 2017.
The proposed offer and the draft tender offer documentation remain subject to review and clearance by the AMF.
The draft offer document is available on the websites of the AMF (www.amf-france.org) and Allianz SE (www.allianz.com).^[1] Excluding 619,189 treasury shares owned by Euler Hermes.
^[2] Taking into account acquisition of 11.34% of Euler Hermes share capital prior to the tender offer and assuming 100% acceptance rate of the residual float.
*For further information please contact:*
Thomas Atkins Tel. +49 89 3800 2960, e-mail: thomas.atkins@allianz.com
Daniela Markovic Tel. +49 89 3800 2063, e-mail: daniela.markovic@allianz.com*Disclaimer:*
This press release is not an offer to purchase securities. The offer will be made only pursuant to the offer documentation which will contain the full terms and conditions of the offer. The offer documentation will be subject to review by the AMF and the offer will only be opened once the AMF has granted its clearance. Any decision in respect of the offer should be made only on the basis of the information contained in such offer documentation.
This press release was prepared for informational purpose only. The diffusion of this press release, the offer and its acceptance may be subject to specific regulations or restrictions in certain countries. The offer is not made for persons subject to such restrictions, neither directly nor indirectly, and may not be accepted in any way from a country where the offer would be subject to such restrictions. Consequently, persons in possession of this press release shall inquire about potential applicable local restrictions and comply with them.
Allianz excludes all liability in the event of any breach of the applicable legal restrictions by any person.
*About Allianz *
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world's largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenues of 122 billion euros and an operating profit of 11 billion euros for the group.
*About Euler Hermes*
Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of bonding, guarantees and collections. With more than 100 years of experience, the company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyses daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in over 50 countries with 5.900+ employees. Euler Hermes is a subsidiary of Allianz, listed on Euronext Paris (ELE.PA) and rated AA by Standard & Poor's and Dagong Europe. The company posted a consolidated turnover of EUR2.6 billion in 2016 and insured global business transactions for EUR883 billion in exposure at the end of 2016.
These assessments are, as always, subject to the disclaimer provided below.
*Cautionary note regarding forward-looking statements*
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.
Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
*No duty to update*
The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.
--------------------
Attachment
Document title: Allianz SE: Allianz advances plans to purchase outstanding shares in Euler Hermes
Document: http://n.eqs.com/c/fncls.ssp?u=ERBPGVTOOT --------------------
Dissemination of a Financial Wire News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
--------------------
Language: English
Issuer: Allianz SE
Königinstr. 28
80802 Munich
Germany
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations@allianz.com
Internet: www.allianz.com
ISIN: DE0008404005
End of Announcement - EQS News Service Reported by EQS Group 5 hours ago.
Allianz SE: Allianz advances plans to purchase outstanding shares in Euler Hermes
22-Dec-2017 / 07:01 CET/CEST
--------------------
Not for distribution in the United States, Canada, Japan, Australia, South Africa, or Italy
This press release does not constitute an offer to purchase any securities.
Allianz advances plans to purchase outstanding shares in Euler Hermes
*- *Allianz files tender offer for outstanding shares in Euler Hermes with French markets regulator AMF
- Allianz seeks regulatory approval for 122 euros-per-share bid for Euler Hermes
- Allianz's simplified cash tender offer is for the 24.20 percent stake in Euler Hermes it does not already own
- Allianz offer for Euler Hermes shares to open in early 2018, if approved
- Allianz intends to follow up with squeeze-out procedure if minority shareholders represent less than 5 percent of share capital and voting rights following the tender offer
Munich, December 22, 2017 - Allianz Group has advanced plans to increase its stake in Euler Hermes by filing its tender offer request to French markets regulator Autorité des marchés financiers (AMF).
If approved, Allianz will offer 122 euros per share of Euler Hermes. The offer covers a maximum number of 10,320,680 shares or 24.20 percent of the share capital and theoretical voting rights of the company.
The offer marks a step forward in Allianz's strategy to invest in profitable businesses and strengthen its position in core home markets, and in property and casualty in particular. Euler Hermes is the leading global trade credit insurer and a core component of Allianz global lines business.
Allianz, Europe's largest insurer, is expected to begin the tender in early 2018, offering shareholders, inter alia, a 20.7 percent premium to the pre-announcement closing price on November 24, 2017 and a 30.8 percent premium to the twelve month volume weighted average Euler Hermes share price on the same date. The offer is expected to close in the first quarter of 2018.
The offer would be followed by a squeeze-out if minority shareholders^[1] represent less than 5 percent of the share capital and voting rights upon completion of the offer.
Given the limited market liquidity in Euler Hermes stock, the proposal represents a unique opportunity for Euler Hermes' minority shareholders to fully realize their investments at a premium to the pre-announcement trading price.
As previously announced on November 27, 2017, the offer will have no impact on the announced share buy-back program of Allianz SE for 2018 in the amount of up to 2 billion euros.
The contemplated transaction is expected to be immediately EPS accretive by around 1 percent^[2] and to lower Allianz's solvency position by around 4 percentage points.
Allianz supports the strategy of Euler Hermes Board of Management and does not intend, as a result of the offer, to change Euler Hermes' Supervisory Board composition or Euler Hermes' operating model beyond ordinary course of business.
Rothschild Martin Maurel and Société Générale acted as presenting banks for the offer filed with the AMF on December 21, 2017.
The proposed offer and the draft tender offer documentation remain subject to review and clearance by the AMF.
The draft offer document is available on the websites of the AMF (www.amf-france.org) and Allianz SE (www.allianz.com).^[1] Excluding 619,189 treasury shares owned by Euler Hermes.
^[2] Taking into account acquisition of 11.34% of Euler Hermes share capital prior to the tender offer and assuming 100% acceptance rate of the residual float.
*For further information please contact:*
Thomas Atkins Tel. +49 89 3800 2960, e-mail: thomas.atkins@allianz.com
Daniela Markovic Tel. +49 89 3800 2063, e-mail: daniela.markovic@allianz.com*Disclaimer:*
This press release is not an offer to purchase securities. The offer will be made only pursuant to the offer documentation which will contain the full terms and conditions of the offer. The offer documentation will be subject to review by the AMF and the offer will only be opened once the AMF has granted its clearance. Any decision in respect of the offer should be made only on the basis of the information contained in such offer documentation.
This press release was prepared for informational purpose only. The diffusion of this press release, the offer and its acceptance may be subject to specific regulations or restrictions in certain countries. The offer is not made for persons subject to such restrictions, neither directly nor indirectly, and may not be accepted in any way from a country where the offer would be subject to such restrictions. Consequently, persons in possession of this press release shall inquire about potential applicable local restrictions and comply with them.
Allianz excludes all liability in the event of any breach of the applicable legal restrictions by any person.
*About Allianz *
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world's largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenues of 122 billion euros and an operating profit of 11 billion euros for the group.
*About Euler Hermes*
Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of bonding, guarantees and collections. With more than 100 years of experience, the company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyses daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in over 50 countries with 5.900+ employees. Euler Hermes is a subsidiary of Allianz, listed on Euronext Paris (ELE.PA) and rated AA by Standard & Poor's and Dagong Europe. The company posted a consolidated turnover of EUR2.6 billion in 2016 and insured global business transactions for EUR883 billion in exposure at the end of 2016.
These assessments are, as always, subject to the disclaimer provided below.
*Cautionary note regarding forward-looking statements*
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.
Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
*No duty to update*
The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.
--------------------
Attachment
Document title: Allianz SE: Allianz advances plans to purchase outstanding shares in Euler Hermes
Document: http://n.eqs.com/c/fncls.ssp?u=ERBPGVTOOT --------------------
Dissemination of a Financial Wire News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
--------------------
Language: English
Issuer: Allianz SE
Königinstr. 28
80802 Munich
Germany
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations@allianz.com
Internet: www.allianz.com
ISIN: DE0008404005
End of Announcement - EQS News Service Reported by EQS Group 5 hours ago.
↧
eBaoTech Announces Global Launch of eBaoCloud InsureMO
SHANGHAI, Dec. 22, 2017 /PRNewswire/ -- eBaoTech Corporation, a global leading digital insurance solutions provider announced the global launch of its eBaoCloud® InsureMO™, or Insurance Middle Office, after successful adoptions in China and several other markets in Asia Pacific and Europe.eBaoCloud® InsureMO™ provides an open API platform of fast innovation and deep connectivity, to enable all parties in digital insurance ecosystem, and to bridge numerous channels and business scenarios to various traditional core systems of insurance companies. Its key features include:
· *Most flexible product engine and microservices for insurance sales, service, and claims provided:* Based on long experience of insurance core system work in 40 countries, eBaoCloud InsureMO contains and will continue to add and refine the basic APIs for insurance ecosystem, to enable the speed and cost expectation of coming digital era
· *All mainstream insurance products supported and bundling enabled: *From traditional life, general, and health insurance, to contextual or scenario based micro or even nano insurance products available for fast adjustment and bundling across all "boundaries" that used to be impossible to overcome
· *Cloud native and microservices based:* Completely rewritten based on pure play internet and cloud architecture to ensure flexibility on par with world class internet companies to handle massive volume, variation, and velocity
· *Platform as a Service (PaaS):* Both as public and private cloud offering, with strong developer support and access management and enablement via eBaoCloud Container and smooth integration to traditional core systems
Since its first launch in 2015 in China and then several pilot markets in Asia Pacific and Europe, eBaoCloud InsureMO has seen great adoptions by all key stakeholders of digital insurance ecosystem. There are around 100 tenants and over 1,000 insurance products being sold on eBao Cloud. These tenants include leading insurance companies, leading independent brokers with more than 20 thousand life insurance agents, leading car dealership companies with over 2 million of insurance policies sold per year, leading internet portal and ecommerce sites, and leading InsurTech startups. With these initial successes, eBaoTech is now taking the next step to launch eBaoCloud InsureMO to the world wide digital insurance community.
Woody Mo, CEO of eBaoTech Corporation added, "Digital insurance is connected insurance. Traditional ways for insurance industry to adopt technology is way too slow and too expensive. Most core system within insurance companies are outdated. Changing the core system takes too long time and too much money. eBaoCloud InsureMO provides an accelerator to move to digital world almost in real time and at the same time supporting a more gradual transformation of core system. We are looking for partnership across the world for eBaoCloud InsureMO to work together to make connected insurance and inclusive insurance a reality. With InsureMO, you can insure more!"eBaoCloud InsureMO: An Open API Platform
For more information about InsureMO, please contact our local offices https://www.ebaotech.com/contact-us/worldwide-offices or email info@ebaotech.com.
*About eBao Cloud*
eBao Cloud is a family of PaaS and SaaS products based on 4G insurance technologies (cloud native and microservices based). eBao Cloud is an enablement and connectivity platform for insurance carriers, traditional channels, new affinity partners, and FinTech companies. eBao Cloud enables almost real time product launch to channels, including sales process, fulfillment, services and endorsement, claims, payment, and others.
*About eBaoTech Corporation *
eBaoTech's mission is "make insurance easy". Since its founding in year 2000 and pioneering the 3G insurance tech, or Java based core insurance system, eBaoTech is leading globally again in moving to the 4G insurance technology which is cloud native and microservices based. eBaoTech's two lines of businesses are: eBao Cloud and eBao Software. eBao Cloud is an Open API platform to provide real connectivity and enablement for insurers, traditional channels, affinity partners, and FinTech startups. eBao Software mainly includes core system suites for life, general, and health insurers as well re-insurers. More information at www.ebaotech.com.
Photo - https://photos.prnasia.com/prnh/20171222/2021263-1 Reported by PR Newswire Asia 4 hours ago.
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Children’s insurance program receives only patchwork funding
WASHINGTON (AP) — States are scrambling to decide how to spend the dwindling federal dollars used for a popular program that provides health insurance for nearly 9 million low-income children. Members of Congress left Washington for the holiday break without providing long-term funds for the Children’s Health Insurance Program. A short-term patch approved Thursday is […]
Reported by Seattle Times 2 hours ago.
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How states coping with uncertainty over kids' health money
Examples of how states have been reacting to the threat of running out of federal money for the Children's Health Insurance Program. It was unclear how their plans might change with the short-term federal funds Congress approved Thursday.—Arizona:...
Reported by New Zealand Herald 2 hours ago.
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↧
Children's insurance program receives only patchwork funding
WASHINGTON (AP) — Congress again failed to approve long-term funds for a popular program that provides health insurance for nearly 9 million low-income children, leaving each party blaming the other for Christmas-season gridlock and...
Reported by New Zealand Herald 2 hours ago.
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UnitedHealth to spend $2.8B to buy Chilean health care company
UnitedHealth Group Inc. has reached a deal to buy Chilean health care company Banmédica in a deal worth about $2.8 billion. Minnetonka-based UnitedHealth began talks with Banmédica several months ago and disclosed its deal to buy the company in a regulatory filing Friday. UnitedHealth said it expects the deal to close in the first quarter. Banmédica sells health insurance, operates hospitals and provides other services. It generated about $2.1 billion in revenue last year and has operations…
Reported by bizjournals 2 days ago.
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Insurance regulator seeks stop to surprise medical billing
SANTA FE, N.M. (AP) — New Mexico’s top insurance regulator wants new legislation to stop medical providers from hitting patients with unexpected bills for services they thought were covered by their health insurance. The Santa Fe New Mexican reports Insurance Superintendent John Franchini has drafted legislation seeking to ease the burden of surprise health care […]
Reported by Seattle Times 2 days ago.
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