Mobile Phone Insurance Ecosystem Market Size | Incredible Possibilities

Source: All Times Tech

The research report presents a deep review of the Global Mobile Phone Insurance Ecosystem Market comprises of objectives analysis. The following segment centers around Mobile Phone Insurance Ecosystem market size, country-wise production revenue ($) and development rate estimation from 2019-2024.

The report additionally covers global Mobile Phone Insurance Ecosystem market share by industry players, product and applications. The report enables investors to evaluate the market, featuring the upcoming business opportunities, mindful of Mobile Phone Insurance Ecosystem industry news and arrangements by countries, technological development, limitations and difficulties in estimate years (2019-2024) and settle on a fundamental business decision.

Get Sample PDF of Report @ https://www.researchkraft.com/request-sample/973505

The key players covered in this study:

Allianz Insurance, AmTrust International Underwriters, Assurant, Asurion, Aviva, Brightstar Corporation, Geek Squad, GoCare Warranty Group, Apple, AIG

Market Segment by Type, the product can be Split into:

  • wireless carriers
  • insurance specialists
  • device OEMs
  • retailers

Market Segment by Application, Split into:

  • Physical Damage
  • Theft & Loss
  • Others

The Global Mobile Phone Insurance Ecosystem statistical surveying report studies the presence of the top to bottom market segments. The market is surveyed based on revenue (USD Million) and presents the significant players and providers affecting the market. Most of the Mobile Phone Insurance Ecosystem data, together with anticipated insights, is introduced in the report with the assistance of tables and figures and Mobile Phone Insurance Ecosystem introduction procedure causes the client to comprehend the market situation.

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Mobile Phone Insurance Ecosystem Market Regional Analysis Includes:

Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries

The Mobile Phone Insurance Ecosystem report additionally forecasts global market growth, alongside characterization dependent on geographical conditions. The regions are delegated with information which is outfitted in the release of the global Mobile Phone Insurance Ecosystem market growth is consistently assembled from reliable industries for anticipating the advancement of each section.

Major Points Covered in Table of Contents:-

  1. Scope of the Report
  2. Executive Summary
  3. Global Mobile Phone Insurance Ecosystem Market by Players
  4. Mobile Phone Insurance Ecosystem Industry by Regions
  5. Americas
  6. APAC
  7. Europe
  8. Middle East and Africa
  9. Market Drivers, Challenges and Trends
  10. Marketing, Distributors and Customer
  11. Global Mobile Phone Insurance Ecosystem Market Forecast
  12. Key Players Analysis
  13. Research Findings and Conclusion

“Driving Choice” Gives BC Drivers a Voice to Demand More Choice in Auto Insurance

A new campaign called “Driving Choice,” has been launched to provide British Columbians with a voice to demand more choice in auto insurance. The campaign provides the facts about how auto insurance works in other provinces and looks to dispel the myths being spread by those seeking to maintain the status quo with the Insurance Corporation of British Columbia (ICBC).

Under ICBC’s monopoly, BC drivers pay the highest auto insurance rates in Canada, yet receive the same amount in benefits when they make a claim. At the same time, ICBC has lost more than $3 billion in the last three years alone, depriving the provincial government of funding that could be better invested in healthcare, education, and social services.

That’s why Driving Choice is giving a voice to British Columbians, so that they can let their Member of the Legislative Assembly (MLA) know that they want change and that they want choice in auto insurance.

A better future is possible, one where insurers compete on a level playing field so that drivers can choose the company that delivers the best coverage at the best price. It’s a choice most other Canadians enjoy, and British Columbians deserve.

“Driving Choice gives a voice to the overwhelming majority of British Columbians who want more choice in auto insurance,” said Aaron Sutherland, Vice-President, Pacific, IBC. “Under ICBC’s monopoly, British Columbians pay more for auto insurance than anyone else in Canada, and are denied the benefits of choice and competition.  It’s time to let drivers shop around, find savings, and choose the auto insurer that’s right for them.”

Join Driving Choice and make your voice heard. Contact your MLA to let them know you want choice. Visit www.drivingchoice.ca and follow the campaign on Facebook, Instagram and Twitter.

Additional resources

About Driving Choice
Insurance Bureau of Canada is supporting Driving Choice because auto insurers are eager to compete dollar-for-dollar with ICBC. They believe they can sell the same auto insurance for less and save drivers money. Why not let them? Change will only occur if drivers – and taxpayers – make their voices heard. Speak up and demand choice from your MLAs.

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 128,000 Canadians, contributes $9.4 billion in taxes and has a total premium base of $59.6 billion.

For media releases and more information, visit IBC’s Media Centre at www.ibc.ca. Follow IBC on Twitter @IBC_West and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC (1-844-227-5422).

If you require more information, IBC spokespeople are available to discuss the details in this media release. To schedule an interview, please contact:

SOURCE Insurance Bureau of Canada

For further information: Vanessa Barrasa, Manager, Media Relations, 416-362-2031 ext. 4312, vbarrasa@ibc.ca

Related Links

www.ibc.ca

Calculating Damages In Representations And Warranties Cases

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Mergers and acquisitions (“M&A“) can be a double-edged sword. When done right, M&A can allow acquirers to scale their businesses and create value through synergies. When done poorly, M&A can result in drastic overpayments for assets that are not nearly as valuable as believed and for economies of scale that are very difficult to achieve.

One of the main risks in M&A is information asymmetry: simply put, the vendor knows much more about its business than the acquirer. While the acquirer is able to perform due diligence, time pressures to close the deal mean that this process can sometimes be imperfect; issues are sometimes missed.  This is where Representations and Warranties (R&W) insurance can come into play. This brief article provides a brief overview of R&W insurance, and discusses some of the issues we have encountered as forensic accountants and business valuators in quantifying losses under this type of insurance coverage.

What is R&W Insurance?

R&W insurance provides indemnity for “losses” related to overpayment by the acquirer resulting from breaches of representations and warranties as set out in the purchase agreement for the acquisition.

These types of policies are becoming increasingly popular. One global broker recently reported a 30% increase in deals written in 2018 compared with the prior year. The average policy limit was equal to 15% of the total enterprise value of the deal (e.g. a deal for $100M would have a policy limit of $15M); while deductibles were generally set at 1% of enterprise value. The same publication also reported that premiums have been declining over the past two years, as more insurers enter this market. Another publication by a leading insurer in the space mentions that the frequency of claims has been roughly one claim for every five transactions.

Two types of mistakes

Based on our experience quantifying losses under R&W coverage, there are two main types of misrepresentations: one-time misrepresentations and long-term misrepresentations.

One-time misrepresentations

These types of misrepresentations generally relate to the balance sheet. M&A transactions typically will set a target level of “net working capital”, based on an overall understanding of the subject company. If issues with this calculation are discovered following the closing, the economic loss to the purchaser is generally equal to the amount of the misstatement.

Quantifying these types of issues involves first obtaining a detailed understanding of the components of the purchase price and ensuring that the alleged misrepresentations are not already factored into the price. For example, if the claim is that a large amount of inventory had to be written off following closing, one would need to make sure that the inventory balance included in the closing statements did not already consider a provision for obsolete inventory.

Long-term misrepresentations

Long-term misrepresentations will tend to involve the income statement. For instance, in one case we were recently involved in, the seller had represented to the purchaser that it was not subject to a particular type of property tax. This turned out to be incorrect, and as a result the purchaser was liable to pay this additional, unexpected amount every year for the foreseeable future. In that case, the loss to the purchaser is equal to the present value of the ongoing annual tax liabilities.

How does one value these sorts of long-term misrepresentations? One shorthand approach might be to simply apply the acquisition multiplier to the value of the annual misstatement. For instance, if the deal multiplier was 10 times the seller’s trailing EBITDA, and the value of a misrepresentation (such as the unreported property tax issue) is $1M per year, then one might reasonably conclude that the value of the misstatement is $10M.

This approach can be appropriate in some cases, but sometimes it can lead to incorrect results, when the cash flows associated with the misrepresentation in question have different characteristics (term, riskiness or growth forecast) than the acquired business as a whole. Consider the following example:

  • The business being sold has two divisions, Rapid Robotics and Flat Pancakes. After-tax cash flows last year were $10M ($5M for each division), and the business recently sold for $200M, or 20 times after-tax cash flows.
  • It was discovered that due to regulatory changes in the pancake market (which were known to the seller prior to the deal), Flat Pancakes will need to eliminate a particular product line that accounted for $1M in after-tax cash flows. The purchaser advances a claim for $20M, equal to the annual value of the misrepresentation of $1M times the acquisition multiplier of 20 times.
  • The problem with this approach is the 20x multiplier may actually consist of a multiple of 30 times cash flows for the Rapid Robotics division, and only 10 times cash flows for the Flat Pancakes division. The higher multiplier for Rapid Robotics would represent the value attributed by the purchaser to the anticipated growth in that division.
  • This means that the value of the $1M misrepresentation in the slow-growth Flat Pancakes division is only $10M, not $20M.

In order to perform a proper analysis of these longer-term misrepresentations, it is therefore generally very beneficial to obtain a copy of the valuation model used by the acquirer in the transaction in order to understand how the transaction multiplier was arrived at and to reverse engineer the impact of the particular misrepresentation on business value.

Closing

This article has only scratched the surface of the types of issues that, in our experience, can arise from post-acquisition M&A disputes. As M&A insurance becomes, in the words of one insurer, “the new normal”, we will no doubt have the opportunity to revisit this topic in future articles.

About Dentons

Dentons is the world’s first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world’s largest law firm, Dentons’ global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Specific Questions relating to this article should be addressed directly to the author.

SSQ Insurance CEO Jean-Francois Chalifoux named 2018 Financial Personality of the Year

SSQ Insurance proudly welcomed the news of their CEO Jean-François Chalifoux’s designation as the 2018 Financial Personality of the Year. Chalifoux was honoured by an independent jury of industry peers as part of the annual Top 25 financial industry ranking by Finance et Investissement.

“I’m very pleased to be receiving this award, which I wish to share with my SSQ Insurance colleagues. I’m happy to be able to count on the 2,000 employees dedicated to our organization. Their commitment and involvement in the company’s projects has allowed SSQ Insurance to continue to grow and position itself well in the industry,” said Chalifoux. “I thank them for their hard work and dedication.”

Jean-François Chalifoux is a leader with a vision who has focused the company’s efforts on performance and innovation to maximise the company’s results. The members of the jury acknowledged his strategic audacity and sense of innovation in addition to the company’s growth.

Chalifoux joined SSQ Insurance as CEO in September 2015. Since then he has orchestrated the company’s transformation. Following the implementation of a new organizational model, the merger of the company’s legal entities and the introduction of an ambitious strategic plan, the company launched its new brand identity in 2018 as the crowning achievement of the changes for the company’s members, customers and partners.

About Top 25 ranking of Quebec’s financial sector
Each February, the French-language publication Finance et Investissement hands out its Top 25 ranking of Quebec’sfinancial industry personalities, including the Financial Personality of the Year. This honour is an acknowledgment of the influence, exceptional achievements and remarkable growth of the company under their management.

The Top 25 of the financial industry as determined by Finance et Investissement pays tribute to 25 standout leaders who live and work in the province of Quebec and whose accomplishments stood out in the last year. The award winners are chosen by a jury made up of outstanding members of the financial industry.

About SSQ Insurance
Founded in 1944, SSQ Insurance is a mutualist company that puts community at the heart of insurance. With $12 billion in assets under management, SSQ Insurance is one of the largest companies in the industry. Working for a community of over three million customers, SSQ Insurance employs 2,000 people. Leader in group insurance, the company also sets itself apart through its expertise in individual life and health insurance, general insurance and the investment sector. For more information, please visit ssq.ca.

SOURCE SSQ Insurance

ssq.ca

Alberta declares beer trade fight with Ontario over access to liquor stores

The Alberta government is opening a new front in its beer war with other provinces by targeting Ontario for what it says are its unfair trade barriers to Alberta-made suds and other alcoholic products.

The initiative emerged on Monday, November 26, 2018 as Alberta announced a full retreat on its own craft beer subsidies that were found by a judge last spring to be unconstitutional.

“Alberta has the most open liquor policy in the country, offering Albertans a choice of over 3,700 Canadian products … Alberta merchants stock and sell 745 alcoholic beverages from Ontario,” said Economic Development and Trade Minister Deron Bilous at an Edmonton brewery on Monday.

“Ontario is the largest market in the country, three times larger than our own, yet we can only find about 20 Alberta liquor products listed for sale in Ontario.”

The complaint under the Canadian Free Trade Agreement is being made against Ontario because it has the biggest liquor market in Canada but it could be expanded to include other provinces with similar barriers, Bilous said, adding he’s hoping for an amicable solution.

Under the CFTA, Ontario will have 120 days to respond to the complaint made in a letter sent Monday morning. The complaint may then proceed to a CFTA panel for a ruling on corrective actions or allowed retaliatory measures, with a provision for either side to appeal that ruling, explained Jean-Marc Prevost, Bilous’ press secretary.

Neither the Ontario trade ministry nor the Liquor Control Board of Ontario immediately responded to a request for comment.

In his letter to Ontario Trade Minister Todd Smith, Bilous complains that Ontario gives local brewers access to stores over Alberta brewers, gives Ontario beverages preferential shelf or refrigerated locations, requires Alberta brewers to provide commercially confidential information to their larger competitors to be listed and gives Ontario small brewers a significant discount on listing costs.

Neil Herbst, owner of Alley Kat Brewery of Edmonton, said he has faced numerous non-tariff barriers when trying to ship his products to Ontario, giving as an example a $400 laboratory fee assessed on a shipment of $1,600 worth of beer.

Also Monday, Alberta Finance Minister Joe Ceci said he will cancel by Dec. 15 a program of grants for small Alberta craft brewers in order to bring provincial beer regulations in compliance with Canadian trade law.

The province will return to a system similar that was in place before 2015, with markups (a tax collected for the province) of $1.25 per litre applied to all beer sold in Alberta by producers of more than 50,000 hectolitres per year.

Smaller brewers, regardless of province of origin, will be able to apply for markups of between 10 and 60 cents per litre.

Alberta dropped its graduated markup system to go to a flat markup on all beer in 2015. It at first exempted brewers in Saskatchewan, B.C. and Alberta, then changed its rules so it applied to all Canadian brewers but introduced a subsidy program solely for Alberta’ small brewers.

It lost a CFTA panel ruling initiated by Artisan Ales, a Calgary-based beer importer, which argued the grant program unfairly tilted the market against its product.

Last June, a Court of Queen’s Bench judge ordered the province to pay a total of $2.1 million in restitution to Great Western Brewing of Saskatoon and Steam Whistle Brewing of Toronto, finding that the subsidies created a trade barrier against their products.

At the time, Ceci said the province would consider appealing that ruling.

His department says Alberta now has 137 liquor manufacturers, including 99 brewers. It says the number of brewers has nearly tripled since the subsidy program was introduced in 2016.

The province says it will introduce more supports for Alberta liquor manufacturers in the next few weeks.

FirstOnSite Restoration Reinforces Leadership Team in British Columbia

Source: FirstOnSite Restoration

FirstOnSite Restoration, Canada’s leading independent disaster restoration services provider, has fortified its leadership team in British Columbia with the promotion of Erik Hecht to Director of Operations, and the addition of Frank Wood as Business Operations Manager.

“The strength of our team in B.C. reflects our determination to provide the very best in restoration service to homeowners and businesses in times of crisis,” says Dave Demos, CEO, FirstOnSite Restoration. “We are confident that with the leadership and experience in place, we will continue to deliver the highest standards of performance and customer experience and continue to raise the bar in our industry.”

As Director of Operations, Erik will be responsible for overall operational execution across all FirstOnSite’s British Columbia locations. He has close to 20 years’ experience in senior level leadership and operational management, and has established a solid reputation with his teams, clients and end users throughout his career. He is also leveraging his extensive experience in the Fire Protection and Life Safety industry by leading FirstOnSite B.C. safety programs.

Frank Wood brings more than 20 years of property management experience to his new role as Business Operations Manager where he will lead our team of Project Managers in the region, and drive process and consistency to all areas of business. His extensive experience in leadership, business performance and customer service will help drive FirstOnSite’s commitment to providing exceptional experience. Frank will be an important member of the team, accountable for regional growth, team development, and client relations.

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