Insurable Interest Canadian Insurance Blog

Start Slideshow Neither the down stock market nor high inflation got in the way of the financial advisory industry’s continued expansion in 2022, SmartAsset reported this week. The industry now comprises more than 15,000 investment advisors registered with the Securities and Exchange Commission, nearly double the number 20 years ago, the report said, citing Investment Adviser Association data. Some advisors have expanded their practices more quickly than others over the past few years, according to the report. To identify the 100 fastest-growing firms, SmartAsset analyzed SEC data from 2020 to 2023 for RIAs across four metrics: one- and three-year percent change in number of client accounts and one- and three-year percent change in assets under management. Researchers considered only firms that have at least $500 million under management, offer financial planning services and have no disclosures on their record. They excluded firms that underwent a merger or acquisition between 2020 and the present. The study found that the 100 fastest-growing firms increased their client accounts by 52% in the last year, and grew their assets under management by an average of 25% year over year. These RIAs have also seen their client bases and assets under management more than triple...

Building on a strong generative AI momentum, the group has boosted its capabilities across the business and is launching a new set of end-to-end generative AI offerings to deliver on a strong pipeline of client opportunities Paris, France (Aug. 11, 2023) – Already a leading player in the Data & AI market, Capgemini is well positioned to support clients through their next era of digital transformation thanks to the breadth of its generative AI services, deep industry expertise, and its industrialized delivery assets. As a trusted business and technology transformation partner to its clients, Capgemini has successfully delivered many generative AI projects over the last few years, particularly in Life Sciences, Consumer Products & Retail, and Financial Services.[1] In recent months, Capgemini has seen an acceleration of client focus and demand around generative AI. In that context, the Group is  launching a generative AI portfolio of services, spanning from strategy definition through to practical development and implementation of generative AI at scale. It includes: “Generative AI strategy” enables CXOs to define and prioritize the most relevant generative AI use cases for their business, demonstrate the tangible value that can be achieved, and lay the right foundations in terms of people,...

70% of Organizations Currently in Exploration Mode with Generative AI Stamford, CT (Aug. 5, 2023) – In a recent Gartner, Inc. poll of more than 2,500 executive leaders, 45% reported that the publicity of ChatGPT has prompted them to increase artificial intelligence (AI) investments. Seventy percent of executives said that their organization is in investigation and exploration mode with generative AI, while 19% are in pilot or production mode. “The generative AI frenzy shows no signs of abating,” said Frances Karamouzis, Distinguished VP Analyst at Gartner. “Organizations are scrambling to determine how much cash to pour into generative AI solutions, which products are worth the investment, when to get started and how to mitigate the risks that come with this emerging technology.”The poll was conducted among 2,544 respondents as part of a Gartner webinar series in March and April 2023 discussing the enterprise impact of ChatGPT and generative AI. Results of this poll do not represent global findings or the market as a whole.Executives Say Benefits of Generative AI Outweigh the Risks The poll found that 68% of executives believe that the benefits of generative AI outweigh the risks, compared with just 5% that feel the risks outweigh the benefits....

Start Slideshow You always need new prospects. You’re a customer for many people and businesses. You contribute to their bottom line or represent future revenue. They should know who you are, what you do and why you’re good. If you politely bring up how you can help them, and they decline to talk about that, that’s fine. But, when you don’t ask, you’re making the decision for them. Shouldn’t they have the opportunity to become a client, as well as the opportunity to say no? Let’s consider 10 categories of prospects who may already be providing goods or services for you. Credit: Shutterstock Start Slideshow