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Hong Kong insurer Blue Cross adopts blockchain to hurry up medical claims, eradicate fraud – NEWPAPER24



Hong Kong insurer Blue Cross adopts blockchain to hurry up medical claims, eradicate fraud

2019-04-16 11:26:00

Hong Kong’s insurance coverage corporations are quick embracing expertise to maintain up with their extra nimble rivals.On Tuesday, Blue Cross (Asia-Pacific) Insurance coverage stated it has grow to be the primary insurer within the metropolis to launch a blockchain-backed resolution to hurry up medical insurance coverage claims and stop fraud, including that the distributed ledger expertise can even assist the corporate lower prices.Rivals Prudential, HSBC Life and Bowtie Insurance coverage have began promoting insurance coverage merchandise and processing insurance coverage claims…

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UK monetary companies? It is a household affair: report – NEWPAPER24




UK monetary companies? It is a household affair: report

2019-04-21 12:00:23

LONDON (Newpaper24) – Almost half of all folks working in Britain’s monetary companies trade have adopted their dad and mom into the sector, greater than thrice the nationwide common, analysis from consultants KPMG confirmed.

FILE PHOTO: The monetary district seen from London’s south financial institution, Britain February 23, 2019. Newpaper24/Henry Nicholls/File Photograph

The discovering comes as policymakers and buyers push the trade to enhance range in senior administration and make corporations extra inclusive in an effort to enhance company governance in addition to shareholder returns.

The analysis revealed that forty-one p.c of monetary companies workers had dad and mom in the identical sector in opposition to a nationwide common of 12 p.c. In insurance coverage, the determine was even greater, at 54 p.c.

“The truth that folks in monetary companies are greater than thrice extra possible than the nationwide common to have adopted of their mum or dad’s profession footsteps is staggering,” mentioned Tim Howarth, head of monetary companies consulting at KPMG.

KPMG spoke to greater than 1,500 folks for the survey, a 3rd of whom labored within the banking, insurance coverage or asset administration trade, whereas the remainder had been employed in a spread of different sectors throughout the nation.

The shortage of range within the trade was a “large problem”, mentioned John Mann, a lawmaker for the opposition Labour occasion who sits on the federal government committee liable for overseeing the finance trade.

“Its largest downside, by far, has been its cultural downside,” he advised Newpaper24. “That’s what’s led to the collapse of numerous monetary establishments. The cultural issues are bolstered by not bringing in a wider array of individuals.”

The finance trade is one in all Britain’s largest tax payers and has a few of the nation’s highest-paid jobs. Of these working within the sector, 87 p.c mentioned they favored their job, the report discovered, pipping the 82 p.c satisfaction charge seen outdoors the trade.

But 65 p.c of all of the folks surveyed by KPMG mentioned they might not contemplate a task in monetary companies. Of those, 41 p.c mentioned it was as a result of the trade “sounds boring”, whereas 16 p.c cited an absence of contacts within the sector.

“There’s clearly a spot between what the general public assume, and the realities of working in monetary companies … that must be addressed if we’re to draw the varied mixture of expertise and experiences wanted to navigate the modifications happening in monetary companies and society,” Howarth mentioned.

The largest driver for greater than a 3rd of the 500 monetary companies staff surveyed was the upper pay on supply.

Simply 16 p.c of the 1,000 non-financial companies sector staff put cash as their foremost motivation.

“We’re all the time advised that Millennials and Technology Z are extra fascinated with their social impression than their funds, and so our sector has to get extra imaginative in the way in which it attracts and retains workers,” KPMG Head of Monetary Providers Jon Holt mentioned.

Further reporting by Iain Withers. Modifying by Jane Merriman

Our Requirements:The Thomson Newpaper24 Belief Rules.
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Odd issues left behind at airports embody a glass eye and a child – NEWPAPER24




Odd issues left behind at airports embody a glass eye and a child

2019-04-21 16:36:00

Kamil Krzaczynski | Newpaper24

Vacationers undergo O’Hare Worldwide Airport earlier than the Thanksgiving Day vacation in Chicago,  November 20, 2018. 

It is one factor to go away your coronary heart in San Francisco, however leaving a household heirloom, an engagement ring or your fortunate bowling ball at San Francisco Worldwide – or any – airport could have you singing a unique music.

additionally get left behind.

Final month, the pilot of a Saudi Arabian Airways flight heading to Kuala Lumpur from Jeddah, Saudi Arabia requested permission to return to the gate after a mom realized she’d left her child behind within the boarding gate space.

“Okay, head again to the gate. That is completely a brand new one for us,” an air visitors management operator tells the pilot in an audio recording that went viral on YouTube.

Final week authorities at Alaska’s Ted Stevens Anchorage Worldwide Airport (ANC) turned to social media searching for assist in figuring out the proprietor of a plastic bag containing human ashes that was left at a safety checkpoint again in August.

“We imagine the traveler left the TSA Screening Checkpoint with an urn, field, or bag, with out realizing the ashes have been nonetheless on the Screening Level,” the ANC Police and Fireplace division mentioned in its Fb submit.

Listed here are another shocking gadgets passengers have left behind at airports across the nation.

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Crown Property to call Lendlease’s Labbad as new chief exec | Enterprise Information – NEWPAPER24




Crown Property to call Lendlease’s Labbad as new chief exec | Enterprise Information

2019-04-21 14:39:00

The corporate which manages the monarchy’s huge land holdings will this week title an Australian property business veteran as its subsequent chief govt.

Sky Information has learnt that Dan Labbad, who runs Lendlease’s European operations, has been recognized because the successor to Dame Alison Nimmo, who is because of step down on the finish of the yr.

His appointment, which requires a Royal Warrant, is known to have been signed off by 10 Downing Road and the Treasury in the previous few days.

It’s anticipated to be introduced on Tuesday.

Mr Labbad’s hiring will come after a nine-month search to fill one of the crucial prestigious jobs within the British actual property sector.

The Crown Property’s £14bn portfolio, which incorporates swathes of London’s Regent Road and a fast-growing offshore wind turbine enterprise, is managed on behalf of the Royal Household on a industrial foundation.

Final yr, the corporate reported a revenue of £329m, with 1 / 4 of that determine paid to the royal family as a sovereign grant to fund upkeep of royal palaces and residences.

The Crown Property, which manages Windsor Nice Park, doesn’t have duty for the Queen’s personal properties similar to Balmoral Fortress and Sandringham Home.

With a historical past relationship again to ‎1066 and the Norman Conquest, the Crown Property is owned by the reigning Monarch for so long as they continue to be on the throne.

It is without doubt one of the UK’s largest property teams, and has lately sought to capitalise on a few of the sector’s most essential development tendencies by opening its first branded serviced workplaces.

Mr Labbad’s appointment will see him taking on from Dame Alison in the beginning of 2020.

He has run Lendlease Europe, which has labored on development initiatives at London’s Tate Britain artwork gallery and the Bluewater purchasing centre in Kent, since 2009.

Together with roles in Australia, the place he led the growth of Sydney Airport forward of the Olympic Video games hosted by the Metropolis in 2000, he has labored for the corporate for about 20 years.

‎Mr Labbad has additionally chaired the UK Inexperienced Constructing Council, which promotes sustainability within the constructed setting.

His arrival on the Crown Property will come at a time when it’s demonstrating resilience within the efficiency of its West Finish retail property – though it’ll have been hit, like different landlords, by final week’s environmental protests by Extinction Revolt activists.

Outdoors London, it half owns the Westgate purchasing centre in Oxford and Rushden Lakes, a £140m leisure and retail advanced in Northamptonshire.

A lot of the Crown Property’s development is, although, being pushed by its offshore wind portfolio, which a report by the corporate this month described as having “entered the premier league”.

Saying final yr’s outcomes, Dame Alison stated its sturdy revenue development was a consequence of the corporate wanting “past short-term volatility to ship long-term, sustainable outperformance”.

‎The Crown Property is chaired by Robin Budenberg, a former Metropolis banker who went on to run UK Monetary Investments, the company set as much as handle taxpayers’ stakes in bailed-out lenders after the 2008 monetary disaster.

A spokeswoman for the Crown Property declined to touch upon Sunday.

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