#Agriculture Insurance and Reinsurance Market Trends | Explore Tumblr posts and blogs

ramshariraut · 3 years ago

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Deutsch Agricultural Crop Insurance Marktbericht 2021 nach Hauptakteuren, Typen, Anwendungen, Ländern, Marktgröße, Prognose bis 2028

Marktübersicht Neben den Erkenntnissen bietet der Bericht den Lesern tiefe Einblicke in die Pläne führender Unternehmen, um diesen wettbewerbsorientierten Markt anzuführen. Agricultural Crop Insurance Marktbericht ist eine Bewertung, die Wachstumsfaktoren und bevorstehende Trends bis Ende 2028 abdeckt. Diese Business-Intelligence-Studie enthält wichtige Details zum aktuellen und zukünftigen Status des Marktes im genannten Prognosezeitraum 2028. Der Bericht zielt auch auf wichtige Faktoren wie Markttreiber, Herausforderungen, neueste Trends und Chancen im Zusammenhang mit dem Wachstum von Herstellern in der Branche ab Weltmarkt für Agricultural Crop Insurance . Der Bericht enthält einige wichtige Vorschläge für ein neues Projekt der Agricultural Crop Insurance -Industrie, bevor dessen Durchführbarkeit berechnet wird. Der Global Industry, 2021–2028 Market Research Report ist eine professionelle und gründliche Studie zum aktuellen Stand der globalen Agricultural Crop Insurance Industrie mit Fokus auf den internationalen und nationalen Markt.

<a href=https://www.statistifymarketresearch.com/reports/agricultural-crop-insurance-market/sample-request-65869>Request For View Sample Agricultural Crop Insurance Market Report </a>

Methodik Die Berichtsforschung umfasst unterschiedliche Umrisse der verschiedenen Marktsegmente. Der Bericht basiert auf zwei Forschungsansätzen – primär und sekundär. Primäre Forschungsquellen umfassen Pressemitteilungen, Jahresberichte, Regierungswebsites usw. verschiedener Unternehmen, die in dieser Branche tätig sind, sowie Ansichten verschiedener Spezialisten, Analysten, Experten und Forscher. Sekundäre Quellen umfassen wirtschaftliche, politische, soziale und andere Szenarien des Marktbereichs. Diese beiden Quellen werden für die Erstellung des Berichts mit den entsprechenden Begriffen zur Erweiterung des Marktes kombiniert.

Berichtszusammenfassung Ein Geschäftsbericht spielt eine zentrale Rolle im Management einer Organisation. Geschäftsberichte werden regelmäßig erstellt, um der Organisation zu helfen, die laufenden Aktivitäten im Auge zu behalten und die kurzfristigen sowie die langfristigen Ziele des Unternehmens regelmäßig zu überprüfen. Sie sind das wichtigste Instrument, um den Fortschritt und die Verbesserungsfelder zu untersuchen, die das Unternehmen machen kann, um seine Marke zu stärken. Es wird viel Forschung und Mühe von den Fachleuten auf diesem Gebiet verwendet, um diese Berichte zu erstellen, die sich dann in der Kommunikation korrekter Beobachtungen und Schlussfolgerungen in Bezug auf das Wachstum der Organisation widerspiegeln.

Marktsegmentierung Der Bericht bietet eine umfassende Segmentierung des Weltmarktes für Agricultural Crop Insurance basierend auf Umsatz, Einkommen, Wachstumsrate und Marktanteil jedes Segments. Das Programm, der Endbenutzer und die Nation sind die wichtigsten bewerteten Segmente. Mit der richtigen Marktsegmentierung wird die Analyse viel klarer und umfassender. Die Datentabellen und die zugehörigen Grafiken sind im Papier zu sehen, sodass die Analyse leicht verständlich ist. Es ermutigt die Stakeholder, jeden Teilmarkt strategisch in Bezug auf das individuelle Wachstumsmuster und den Marktbeitrag jedes Teilmarktes zu klassifizieren und innovative Erweiterungen, Partnerschaften, neue Produkteinführungen und Marktakquisitionen zu etablieren. Um einen Wettbewerbsvorteil zu erlangen, ist es notwendig, den prinzipiellen operativen Ansatz der Konkurrenten, die Marktleistung in der Vergangenheit und das Produkt- und Serviceportfolio zu verstehen, um eine bessere Geschäftsstrategie zu entwickeln.

Globaler Agricultural Crop Insurance -Markt nach Produkttyp und nach Anwendungen:

By Application ( Digital & Direct Channel, Bancassurance, Agencies, Brokers,,There are 15 Chapters to deeply display the global Agricultural Crop Insurance market.,Chapter 1, to describe Agricultural Crop Insurance Introduction, product scope, market overview, market opportunities, market risk, market driving force;,Chapter 2, to analyze the top manufacturers of Agricultural Crop Insurance, with sales, revenue, and price of Agricultural Crop Insurance, in 2016 and 2017;,Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;,Chapter 4, to show the global market by regions, with sales, revenue and market share of Agricultural Crop Insurance, for each region, from 2013 to 2018;,Chapter 5, 6, 7, 8 and 9, to analyze the market by countries

By TypeBy TypeBy TypeBy Type ( MPCI, Hail,)

Top gelistete Unternehmen: Agricultural Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of Premiums due to declines in the prices of agricultural commodities., Scope of the Report:, This report focuses on the Agricultural Crop Insurance in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application., The main types of Agricultural Crop Insurance are: MPCI and Hail. MPCI enjoyed the largest proportion in global market, accounting for over 87%., Geographically, the global Agricultural Crop Insurance has been segmented into North America, Europe, Asia-Pacific, Latin America, Africa and RoW. The North America held the largest share in the global Agricultural Crop Insurance market, its premiums of global market exceeds 51% in 2017. , Along with the Asia-Pacific region; European countries have had some form of crop insurance for more than a century. They are now mature markets with high penetration rates and offer comprehensive risk coverage for farmers. The developing countries that have succeeded in setting up a strong Agricultural Crop Insurance system (India, China), show that this success has been due, in large part, to public support granted through premium subsidies or reinsurance. Growth of the Agricultural Crop Insurance industry could also be attributed to North America which introduced the revenue-based Agricultural Corp Insurance and, more recently, from emerging markets such as China, India and Brazil, driven by rapidly increasing insurance penetration., The worldwide market for Agricultural Crop Insurance is expected to grow at a CAGR of roughly 4.4% over the next five years, will reach 34000 million US$ in 2023, from 26300 million US$ in 2017, according to a new GIR (Global Info Research) study., Market Segment by Manufacturers, this report covers, PICC, Zurich (RCIS), Chubb, QBE, China United Property Insurance, American Financial Group, Prudential, XL Catlin, Everest Re Group, Endurance Specialty, CUNA Mutual, Agriculture Insurance Company of India, Tokio Marine, CGB Diversified Services, Farmers Mutual Hail, Archer Daniels Midland, ICICI Lombard,

Gründe, diesen Bericht zu kaufen: Der Bericht enthält umfangreiche Untersuchungen zur Wettbewerbslandschaft von Agricultural Crop Insurance . Der Bericht hilft Ihnen bei der Identifizierung und Analyse von Mikro- und Makrofaktoren, die das Marktwachstum beeinflussen und beeinflussen werden. Der Bericht enthält eine detaillierte Liste der wichtigsten Marktteilnehmer, die auf dem Agricultural Crop Insurance -Markt tätig sind. Es enthält eine eingehende Analyse der verschiedenen Marktsegmente wie Typ, Größe, Anwendungen und Endbenutzer.

<a href=https://www.statistifymarketresearch.com/checkout/?currency=USD&type=single_user_license&report_id=65869>Do Inquiry Before Purchasing Agricultural Crop Insurance Market Report</a>

Die Forschung liefert Antworten auf die folgenden zentralen Fragen Wie hoch ist die geschätzte Wachstumsrate des Marktes für den Prognosezeitraum 2021–2028? Wie groß wird der Markt im geschätzten Zeitraum sein? Was sind die wichtigsten treibenden Kräfte für die Gestaltung des Schicksals des Agricultural Crop Insurance -Marktes im Prognosezeitraum? Wer sind die wichtigsten Marktanbieter und welche Erfolgsstrategien haben ihnen geholfen, auf dem Agricultural Crop Insurance -Markt stark Fuß zu fassen? Was sind die wichtigsten Markttrends, die die Entwicklung des Agricultural Crop Insurance -Marktes in verschiedenen Regionen beeinflussen?

Regionale Analyse Die Untersuchung bietet eine detaillierte Aufteilung des Agricultural Crop Insurance -Marktes. Bei der Untersuchung untersuchte Schlüsselfragmente umfassen Produkt, Typ, Endbenutzer und Geografie. Mit Hilfe von Tabellen wird eine umfassende Untersuchung von Geschäften, Einkommen, Entwicklungsrate und einem Marktanteil jedes Produkts, Typs, Endbenutzers und Geografies für den bemerkenswerten Zeitrahmen und den geschätzten Zeitrahmen angeboten. Der Markt wird ortsabhängig untersucht und die Wettbewerbslandschaft in jedem Bereich wird referenziert. Zu den untersuchten Ländern der Untersuchung gehören Nordamerika (USA, Kanada und Mexiko), Europa (Deutschland, Frankreich, Großbritannien, Russland und Italien), Asien-Pazifik (China, Japan, Korea, Indien und Südostasien), Südamerika (Brasilien, Argentinien, Kolumbien), Naher Osten und Afrika (Saudi-Arabien, Vereinigte Arabische Emirate, Ägypten, Nigeria und Südafrika). Dieses Wissen hilft, Systeme zu entwickeln und neue Gelegenheiten zu schaffen, um außergewöhnliche Ergebnisse zu erzielen.

Anpassung des Berichts: Den maßgeschneiderten Bericht erhalten Sie von unserer Beratungsfirma zu einem günstigen Preis. Wir liefern aktualisierte Informationen entsprechend den Anforderungen der Kunden in der Marktwelt.

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<a href=https://www.statistifymarketresearch.com/agricultural-crop-insurance-market>Full Report Summary of Agricultural Crop Insurance Market </a>

Über Statistify Market Research Statistify Market Research ist als Rahmen für die Verwaltung des Marktforschungsprojekts konzipiert. Statistify Market Research zielt auf einige grundlegende Forschungstechniken der explorativen Forschung, der deskriptiven Forschung und der Gelegenheitsforschung ab. In der explorativen Forschung werden Tiefeninterviews und Diskussionsgruppen eingesetzt, um ein Problem und eine Lösung zu finden. Die deskriptiven Forschungsmethoden umfassen persönliche Interaktion und Umfragen, die verwendet werden, um den Zustand auf dem Markt zu kennen. Die Ursachenforschung wird durch die Untersuchung geleitet und dient der Erprobung der Schritte und ihrer Auswirkungen.

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thechasefiles · 5 years ago

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The Chase Files Daily Newscap 30/1/2020

Good Morning #realdreamchasers ! Here is your daily news cap for Thursday January 30th, 2020. There is a lot to read and digest so take your time. Remember you can read full articles via Barbados Government Information Service (BGIS), Barbados Today (BT), or by purchasing a Daily Nation Newspaper (DN).

GROWTH SPURT – Governor of the Central Bank of Barbados Cleviston Haynes is predicting an ambitious growth rate of between 1.25 per cent and 1.75 per cent for the economy this year, at least 0.7 per cent higher than projected by the International Monetary Fund (IMF). Furthermore, he is confident that Government will achieve its target of six per cent primary balance by the end of March. He gave this optimistic assessment on Wednesday as he presented his economic review of the economy for the January to December 2019 period. With just two months to go before the end of the current fiscal year, Haynes said Government’s primary balance was currently around 4.8 per cent. He attributed the improvement of the primary balance over the first nine months of the current fiscal year to the strengthening of public finances, which he said represented Government’s commitment to achieving its fiscal targets.“Based on what I have seen so far in January I think we have made further progress and we anticipate that coming towards the end of the fiscal year that we will be able to achieve the six per cent target . . . the [International Monetary Fund (IMF)] programme is predicated on our ability to achieve six per cent so we have to do what is necessary,” said Haynes, adding: “I believe we are on track.” In his outlook, Haynes said fiscal consolidation efforts would continue to be the “bedrock of macroeconomic stability”, adding that achieving the targeted primary balance at the end of fiscal year 2019/2020 remained “critical” to building on the progress made in 2019. “Such efforts will reduce public sector indebtedness, restore investor confidence and facilitate further sovereign credit rating upgrades,” Haynes said. During the first nine months of the fiscal year Government’s expenditure is estimated to have declined by about nine per cent.“Grants to public institutions, the source of rising expenditure in recent years, contracted by $122 million due to the domestic debt restructuring and budgetary reforms of some state-owned entities,” said Haynes. He explained that the major impact related to reduced transfers to the Queen Elizabeth Hospital (QEH), the removal of Government funding to the Sanitation Services Authority and the Barbados Tourism Management Inc., which are now being funded directly by the Health Services Levy, the Garbage and Sewage Contribution fee and the Airline Travel and Tourism Development Fee respectively. The overall reforms introduced over the past 18 months increased revenue collection.“A 34 per cent increase in property taxes, on the strength of higher land tax rates, drove the gains in tax revenues,” said Haynes. He also reported a marginal increase in the gross collection of personal income taxes despite the mid-year reduction in tax rates. He said higher collection of the Value Added Tax, import duties, the new fuel tax, room rate levy and the direct tourism product levy, all boosted indirect taxes. “However, excises were relatively flat during the period. Additionally, higher non-tax revenues contributed to the revenue intake as the foreign exchange fee benefited from the increased availability of foreign exchange,” he added. In relation to economic growth prospects, Haynes said the forecast, which was a lot higher than the IMF’s meagre projection of 0.6 per cent growth, was based on an expected recovery in private investment and continued growth in tourism. “I think the fundamental issue comes back to the investment. I am optimistic that we will get some of these investments started,” he said. “If I could say to you that a number of projects were going to start tomorrow for example, I might be willing to raise my forecast above what we already have. So timing is going to be very critical in our ability to generate the growth,” said Haynes, adding that the start date of the highly anticipated construction projects will depend heavily on improvements in the doing business climate. Though building on the gains of 2018, the economy is estimated to have declined by 0.1 per cent during last year. The international reserves increased by some $481 million to reach $1.13 billion at the end of December, or approximately 18 weeks of import cover. The tourism sector recorded moderate growth of close to three per cent, the fifth consecutive year of growth. On the flip side, construction was estimated to have contracted by 4.7 per cent during the year under review, which officials have linked to the continued delay in a number of tourism-related projects. “Activity related to smaller projects and other medium-scale commercial ventures lessened the decline,” said Haynes. Meanwhile, conditions in the financial services sector remained stable and the manufacturing and non-sugar agriculture sectors recorded declines. The Governor said critical to the overall performance of the economy this year will be increased productivity, expansion of the alternative energy sector, improvement in the doing business environment, structural reforms to improve competitiveness indicators, and increased diversification. “(The year) 2020 provides us with an opportunity for this economy to take off. The last 18 months have focused on stabilization and during that period we have rebuilt the international reserve buffers, we have strengthened the public finances, we have implemented major tax and expenditure reforms, we have reduced the debt burden. “Now we need the economy to grow. This requires ongoing fiscal discipline, complemented by new investment that builds out our economic capacity for the future,” added Haynes. (BT)

DON’T RELY ON FOREIGN AID TO BOUNCE BACK FROM DISASTERS – Barbados and other countries in the region were today cautioned by a development banker not to depend on foreign aid to help them get back on their feet from a natural disaster. Eduardo Cavallo, Principal Economist in the Research Department of the Inter-American Development Bank (IDB), urged authorities to pay more attention to preparation. “The evidence suggests that foreign aid is not large enough to help countries cover a significant portion of the damages caused by disaster,” Cavallo told officials attending an IDB hosted panel discussion at the Courtyard by Marriott on Monday. “An implication I take out of that is that countries would then be well served through alternative financing, ex-ante (forecast-based) financing tools, things such as reserve funds, contingency credit lines, regional risks pool or insurance or reinsurance contract,” he said. Cavallo was presenting portions of ongoing research while speaking on the topic The Economic Impacts of Natural Disasters. He said that too often resilience building slowed down when Governments change because of a different policy direction. But he called on authorities to do all they could to make their countries less vulnerable. “You can’t avoid a storm or earthquake but you can have more resilient interests. “You can have homes that place people further away from more dangerous areas, you can have construction standards that are stronger, you can have insurance, for example, or you can promote some insurance where that is available,” Cavallo said. But stating that the size of the country, geographic location and gross domestic product also played a factor in how badly a country would be affected, Cavallo argued that the poor stood to suffer most from natural disasters. The IDB economist said the time had come for the region to improve its zoning and invest in the improvement of their sewerage and drainage systems. He also insisted that there was a need for a catastrophic insurance market to be developed in Barbados and the rest of the Caribbean. Cavallo said: “This is an area where we really need to work on. The second thing countries can do to be better prepared is working on adaptation. “The role of infrastructure is very critical. We have very poor quality infrastructure in our region. “We are among the worst in the world in terms of the quality of our infrastructure. “We are comparable to sub-Saharan Africa than to any of the emerging or developing regions of the world. “There is one issue that I think is a big opportunity for Barbados and that is building up ex-ante financial mechanisms to strengthen the fiscal position.” Cavallo warned that Barbados was not exempt from the increasing trend in hurricanes in the Caribbean basin, pointing out that “the Caribbean region is expected to experience something between 0.2 and 0.6 degrees Celsius increase in temperatures per decade if the issue of climate change is not addressed”. (BT)

UWI STUDENTS STILL FACING FINANCIAL CHALLENGES – Despite no longer having to pay tuition, many Barbadian students at the University of the West Indies at Cave Hill still face challenges in meeting their day to day expenses, according to Deputy Principal, Professor Winston Moore. And the hardships extend to several Caribbean students, especially those whose countries were affected by a series of devastating hurricanes over the last two years, he added. Professor Moore revealed: “While the Government’s decision to reinstate payment of tuition fees was indeed a great relief, many of the financial aid avenues on campus are still heavily taxed. “Many of our students are part-time workers, with different needs, and even though the tuition fees were covered, they still had to buy books, food and pay for transportation. “We also have non-national students whose families would have made tremendous sacrifices to get them here, and then suffered losses from the hurricanes over the last two years.” Moore’s comments came as he addressed the launch of the 2020 edition of the Royal Bank of Canada (RBC)/UWI Race for the Kids 5K walk and run held at UWI’s Main Conference Room this morning. He expressed pleasure that the funds raised from the event go towards different funding mechanisms available to students. The deputy principal said: “We are happy to have the funds allocated to the Campus Scholarship Fund, where the bank will fund 16 scholarships, including two which will go towards Bahamian students in the wake of Hurricane Dorian, which decimated the northern islands of Abaco and Grand Bahama in 2019. “The funds will also be allocated to the Student Hardship Fund, and this is one of the heaviest used student assistance funds.” Professor Moore mentioned that before any funds are allocated to students, they receive interviews and counselling and the campus does a series of background checks. The proceeds from the fundraiser are also used for the First Year Experience programme, which, “is aimed at career, academic, personal and community development, and sees students getting involved in workshops, community outreach, and team building”, said Professor Moore. One of those students, Amoury Beckles, said when he began his studies at Cave Hill in 2018, he had no interest in taking part in any extra-curricular activities, but he changed his mind when a colleague invited him to the launching ceremony for the First Year Experience programme. Beckles said: “It was a case of love at first sight for me, so I signed up immediately. “As a mentee, I learned a lot. “The stress management component has been very helpful for me as it has given me the idea to do a stress management plan, which allows me to focus stress in the right direction. “The self-worth sessions were amazing, and now I have become a peer mentor, the time management component has come in very handy as I balance my various activities and responsibilities.” Managing Director of RBC Barbados, Robert Da Silva, said the race was part of the bank’s global efforts to assist young people. He said: “The bank believes education is a human right and the smartest investment for our country, communities and children. Everyone has a role to play in building a sustainable future for our children.” Last year’s event attracted some 2,200 participants and raised $125,000. Da Silva said he wanted to see the event attract at least 2,600 participants and raise $150,000 – an all-around 20 per cent increase. This year’s race will see a change in the route, as it will start at RBC’s Chelston Park offices and make its way along Belleville, Belmont Road, Constitution Road and St. Michael’s Row, Bridge Street, Wharf Road, Prince Alfred Street, Broad Street, Bridge Street, Probyn Street, Lower Bay Street, Jemmott’s Lane, Collymore Rock and back to Chelston Park. Barbados is one of 18 countries worldwide hosting the Race for the Kids, and the third one in the Caribbean, the others being Trinidad and Tobago and the Bahamas. (BT)

RSPCA WORRIED ABOUT OVERCROWDED ANIMALS – The Royal Society for the Prevention of Cruelty to Animals (RSPCA) is being bombarded with complaints of residents keeping too many dogs in small and uncomfortable spaces, RSPCA Chief Inspector Wayne Norville has said. He made the disclosure as he joined animal rights groups petitioning the Prime Minister to enforce the current law against animal cruelty. They are also concerned about a rampant dog population and animals prized more for breeding than companionship in Barbados. He advised dog owners that though kennel size has not yet been mandated by law, a kennel should be twice the length and height of the dog to ensure the animal’s comfort. Norville said: “You must remember that the dog is covered in hair so it is a lot hotter than we are. And if the roof of the kennel is made out of galvanize, that then causes even more heat. “So just imagine you in a fur coat in a kennel with galvanize or just metal around it. “It is not only terrifying for the animal, it is painful and it causes the animal then to react negatively, and when it does, neighbours complain and this is something that I get regularly.” The Chief Inspector was speaking to reporters at Browne’s Beach Car Park today where animal welfare groups Action for Animals Barbados (AFAB) and Respect Our Animals Rights (ROAR) assembled before heading to the Prime Minister’s Office on Bay Street to hand over a petition with over 16,000 signatures, requesting better enforcement of the Prevention of Cruelty to Animals Act. Norville said he has also received calls from landlords who complained that they have lost tenants as dogs living in uncomfortable kennels constantly whine, bark and disturb the peace in the neighbourhood. The Chief Inspector also advised dog owners that the law states that they were only allowed to keep four dogs without having a kennel licence. Norville told reporters: “My other problem that I am facing regularly too is people get a puppy and all they are interested in is breeding it. “They are not interested in the fact that when they breed that puppy, if it has ten pups, if five of them are females, all of them at some point in time come in season, too. “And you don’t ever get rid of all the pups. “So it means you have unwanted dogs roaming the streets, pulling the garbage out and causing havoc. “We really need to get these laws enforced other than that we could have an opportunity where there are a number of diseases and stuff like that that people can pick up from dogs like leptospirosis and we need to have better control of the population of dogs in Barbados.” The Prevention of Cruelty to Animals Act is failing animals by not being enforced satisfactorily, said AFAB’s President Gail Hunte. She said the petition, entitled Help Protect Animals in Barbados, requested that the law be enforced in its entirety with immediate effect. Hunte also urged relevant authorities to establish a Standard Operating Procedure that would allow the public to investigate animal cruelty and take immediate action as deemed necessary. The petition reads in part: “It is time to take action for animals in Barbados. Every living creature deserves to have its basic needs met-adequate food, water and shelter. “Every animal deserve a life protected from inhumane treatment and suffering. “Now it is our time to stand together, advocate for animals and make our voices heard. “Animal cruelty and neglect often goes unnoticed and when reported there is no end in sight to their suffering because of failure by authorities to act. “Animals can feel pain and fear, joy and love, just like human beings, but they do not have a voice, let us be that voice.” (BT)

GARBAGE SEPARATION NECESSARY – Minister of the Environment, Trevor Prescod should not be “patting himself on the back” over the purchase and eventual delivery of new garbage trucks, according to the Democratic Labour Party’s (DLP) spokesperson on the environment Andre Worrell. During the party’s Sunday night meeting entitled A cry of the people, Worrell declared that Government must now explore alternative methods of managing the country’s waste by creating a policy for the separation of garbage at the household level. Worrell complained that while previous efforts at constructing a waste to energy plant appeared to have wasted away, the Mangrove Landfill at Vaucluse, St Thomas continues to face tremendous pressure. “So Trevor, stop patting yourself on the back because you really need to get out there and start speaking to the larger issues with regard to the environment in Barbados, garbage collection and waste disposal. “It is unfortunate that we have thousands and thousands of tons of garbage in Barbados on a monthly and daily basis. It is way too much and we really need to reach a point in Barbados where we start separating the garbage at source so that we make it easier to find room for disposal. We still have not opened the one at Greenland and we still don’t have a waste to energy plant to date,” Worrell said. He however gave the assurance that the DLP has solutions to the problems, which they are eager to share. He warned that environmental issues ought not to be politicised. As part of the effort, the DLP spokesperson suggested Government provide incentives for Barbadians who separate their garbage instead of suggesting punitive measures. “If you take out all of the tins fork and mayonnaise and all the organic waste and put it one side, knowing that there is a refund policy in place where you could return those items to a bulk collection area and you receive some sort of refund, I am certain that many children in Barbados would do it as a way of earning pocket change and many households would do it to make ends meet. You can separate the metals, you can separate the glass, and then when it comes to organic waste, you can think about composting,” suggested the spokesperson on environmental matters. He predicted that once the right technologies are in place, employment opportunities would increase significantly as Barbados taps into the multibillion dollar global “garbage industry”. Worrell, who last year called for the heads of Trevor Prescod and Sanitation Service Authority Chairman Rudy Grant, also credited DLP members for pressuring Government into fulfilling its promise to replenish the fleet of garbage trucks, which arrived in late December. “Had it not been for the voice of the Democratic Labour Party placing pressure on Prescod and the chairman of the SSA, we would still be looking for those trucks. We would still be hearing that the trucks are on the water. “We would still be hearing that the trucks are on the way, that they are on order and are expected to be in Barbados over the next two or three months. But the Democratic Labour Party assembled a voice and pressured the Government,” Worrell declared. (BT)

VIRUS COULD HURT ECONOMY – As fears mount and countries begin to cut flights to China due to the quickly spreading Coronavirus, Governor of the Central Bank of Barbados Cleviston Haynes says that institution is keeping a close eye on the developments. Warning that the spread of the deadly virus could have a major impact on the island’s bread and butter tourism industry, Haynes told reporters on Wednesday that he was hoping for it to be quickly contained. The virus, which was first detected in Wuhan City, China, has already spread to other countries, with about 68 cases being confirmed outside of China. The death toll has so far risen to over 130 in China with more than 6,170 cases confirmed up to Wednesday afternoon. Responding to questions during his first economic review of the Barbados economy for this year, Haynes expressed concern that the Barbados economy was vulnerable. “Because we are a small open economy we are exposed to several risks, not least of which are health pandemics such as the Coronavirus. Therefore, it is something we have to monitor,” said Haynes. “At this stage it is difficult for us to gauge what the full impact could be, but from our perspective we hope that it can be contained because there is that risk that if it spreads it can hurt global tourism,” he said. A number of major airlines including British Airways and United Airlines have announced cancellation of flights to China, as several major international firms halt travel to the Asian country due to the coronavirus outbreak. “Clearly if it spreads its net widely then all markets or several markets can be impacted, not least our own. And not necessarily because we have it but these types of things create fear and concern and therefore, sometimes people prefer to stay in an environment which they know rather than one that they do not know. So that is a concern to us. We have to monitor it and hopefully we are able to contain this virus as quickly as possible,” said Haynes. The infection has so far been confirmed in the US, Japan, South Korea, Canada, Cambodia, Singapore, France, Vietnam, Taiwan and Sri Lanka. This afternoon the World Health Organisation (WHO) said it would be reconvening its emergency committee on Thursday to determine if the outbreak of the virus amounts to a public health emergency of international concern. Local health officials have already given the assurance that the island had the necessary equipment and expertise to deal with any eventuality, adding that they were keeping abreast with the developments internationally. The Governor reminded journalists that in addition to health risks, the struggling Barbados economy remained vulnerable to other external shocks including rises in oil prices, geopolitical tensions, the UK’s exit from the European Union and a slowdown in global economic activities, matters that should not be ignored. “So there are a number of things, which individually and collectively, could have an adverse impact on your prospects,” said Haynes, while adding that the country should position itself to “take advantage” of upside risks when they present themselves. He also expressed concern that the local crime situation had the potential to derail any gains being realized in the economy, which is currently in a strict International Monetary Fund (IMF) programme. “It goes without saying that high crime levels can be a deterrent both for locals and for tourists. Let us hope that last year was an aberration, that does not repeat itself,” said Haynes. Adding that crime and violence could be contributing to a number of factors including a weak economy, the top economic advisor said he believed some of what happened was associated with “a drug culture”. “It is something we have to address. Some crime is associated with our inability to solve disputes. That is something we have to be able to work on from very young . . . So we have to approach it on every level,” he added. Last year Barbados recorded 49 murders. So far this year there have been two. (BT)

FARLEY AND BROOMES DENY MURDER CHARGE – Matthew Anderson Farley and Jefferson Tramaine Diego Broomes went on trial in the High Court today accused of murdering 38-year-old Cosmo Alonza Hinds over six years ago. Farley alias Smiles, who was recorded as having no fixed place of abode, and Broomes of Hannays and Glendelough, Josey Hill, St Lucy are charged with committing the offence on September 26, 2013. The two accused, both in their late 20s, were arraigned on the capital matter in the No. 3 Supreme Court before Justice Carlisle Greaves this morning and pleaded not guilty. A12-member jury was selected to hear evidence from 25 Crown witnesses. However the case started with arguments being made in the absence of the jurors. Crown Counsel Neville Watson is prosecuting the case. Attorney-at-law Verla DePezia is representing Farley while Queen’s Counsel Andrew Pilgrim and Sian Lange are Broomes’ defense counsel. (BT)

STRANGE RELATIONSHIP ENDS IN CUTLASS ATTACK – After getting “cruel” and “vicious” when a man who fathered children with his girlfriend threatened to “wring a knife” in him, Anderson Leroy Haynes took up a “sword with a rusty blade” and “chop” him on his hand. The incident happened on August 31, 2007 at Clevedale, Black Rock, St Michael. Today in the No. 4 Supreme Court Haynes, of Wavell Avenue, Black Rock, said: “I sorry for what happened between me and Mr Joseph.” He issued the apology after he told Madam Justice Laurie-Ann Smith-Bovell he was not guilty of unlawfully causing serious bodily harm to Francis Joseph with intent to maim, disfigure or disable him but was guilty of unlawfully and maliciously inflicting serious bodily harm on him. His brief address came moments after Principal Crown Counsel Alliston Seale told the court what happened that Friday. Haynes and Joseph, the prosecutor said, lived within walking distance of each other. However, they were in a rather “strange relationship”. Both men were at one time involved in a relationship with the same woman; both had children from the same woman. Even more strange, it appears that when the relationship broke down between the accused and the lady she would find her way to the complainant’s house and they would rekindle the relationship. But when the relationship soured the lady would find herself back at the accused’s house and rekindle that relationship. “Obviously this is a recipe for disaster,” the prosecutor said adding that the day before the incident the children were at Joseph’s house. “Sometimes both his children and the accused’s children would come to his residence and vice versa.” Joseph sent his daughter over to the accused’s house asking the lady to come and collect one of the children who was restless and crying. The lady’s response caused him to visit the house and an argument ensued followed by “a small fracas”. He subsequently left the location without settling the issue about the child. The prosecutor further related that the following morning Joseph took the children over to Haynes’ residence. While standing in the roadway he spoke to Haynes who was standing on his steps and “this seemed to set him off”. He said, Haynes went into the house, returned with a cutlass and attacked Joseph, slashing him on his arm injuring him. Joseph ran away, called the police and was taken to Queen Elizabeth Hospital where he was treated for a deep laceration and fracture which were deemed not threatening to life or limb. Police investigations took them to Haynes’ work place. “I know wunna dey coming from me,” he told police at the time when told of the probe. “He come down here by me saying he gone wring a knife in me. He get me hot and I take up the collins and chop he with it.” Stating that he had “nothing to hide” he dictated a statement to police in which he said: “Last night about 12 o’clock me and my girl was in the bed lying down when I hear a knocking on my door . I tell her that it sound like her little girl knocking. She get up and open the door and the lil girl tell she that her father send she to see if she all right. [She] tell she to go back home and she leave. “I got de door open now and I see he marching coming down . . . The [girlfriend] was at the door asking he what he want . . . he pull a knife out of he waist telling me that he would wring de knife in me. I get angry and tek up my collins and follow he . . . he take up a rock and pelt it at me. I stop and went back home, I call the police. Francis come back . . . and pelt de rock at me and tell me if I know who he is, that he is a psycho. “This morning . . . I was there putting on my clothes, when I hear he outside keeping a lot of noise that he would choke me. I get cruel now and take up a sword from by the door and went outside for he. I get vicious with he and I chop at he with de collins. He get chop on he hand.” But today Haynes, who has six prior convictions, two of them for wounding, apologised for his actions and told the judge in the presence of his lawyer Shadia Simpson: “After that me and Mr Joseph become back good friends. This . . . going on 13 years and me and he ‘gree back for 13 years.”NThe convicted man, who is in his 50s, returns before the court on March 13 when a pre-sentencing report will be presented. He remains on bail. (BT)

MURDER ACCUSED REMANDED – Three St Michael men were today remanded to HMP Dodds charged with the murder of Jason Hobbs. They are Jamar Carlieous Browne, 25, of Mottley Land, Bank Hall; Zecco Chabarry Pilgrim, 26, of Marshall Gap, Tudor Bridge, and Juneil Shaquel Holder, 24, of Hinds Gap, Halls Road. When the accused appeared at the District ‘C’ Magistrates’ Court before Magistrate Deidre McKenna, they were not required to plead to the indictable offence. They will reappear in court on February 25. Police say Hobbs was murdered between January 14 and 17. Police had recovered his partially decomposed body at the bottom of a cliff in an area known as Elbow Bay, My Lady Hole, St Philip. (BT)

BLOCKING OF BEACHES WILL NOT BE TOLERATED – Barbadian beaches will remain open to residents and the blocking of them won’t be allowed, says Minister of Maritime Affairs Kirk Humphrey. Yesterday he lashed out at those who attempted to block Barbadians from their tradition of open access to the sea shores. “It must be made clear that any beach associated with the island remains the property of Barbadians. There ain’t [no] private beaches in the plan, period, period. So even as we talk about building out, this is important. People are coming to me as Minister of Maritime Affairs lamenting about the state of the beaches,” he told the House of Assembly during debating a resolution to compulsorily acquire lands at Harrismith, St Philip, for housing and tourism development. He cited one complaint from a woman using the beach along the stretch that included Carlisle Bay, St Michael, who said she could not run straight along the shore. “Because people have now come to the understanding or the misunderstanding that they own to the high-water mark and the high-water mark means everything. Therefore you cannot now run on the beach . . . you could hardly pass. “It has to stop. It has to stop . . . .The NCC [National Conservation Commission] has regulations that you have to apply and get permission whether you think you own the space or not. People can’t even access the beach; people can’t get into the water. It does not make sense,” he stated. Recently beach users renewed an old complaint about being chased from the area of Browne’s Beach, St Michael, while others were upset about not being able to access Sandy Lane Beach in St James. (DN)

There are 336 days left in the year Shalom! Follow us on Twitter, Facebook & Instagram for your daily news. #thechasefiles #dailynewscaps #bajannewscaps #newsinanutshell

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freesuitwhispers · 4 years ago

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Global Agriculture Insurance and Reinsurance Market - Upcoming Trends, Growth Drivers And Challenges – Forecast To 2020-2025

Summary – A new market study, “Global Agriculture Insurance and Reinsurance Market - Upcoming Trends, Growth Drivers And Challenges – Forecast To 2020-2025” has been featured on WiseGuyReports.

With the slowdown in world economic growth, the Agriculture Insurance and Reinsurance industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Agriculture Insurance and Reinsurance market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, BisReport analysts believe that in the next few years, Agriculture Insurance and Reinsurance market size will be further expanded, we expect that by 2024, The market size of the Agriculture Insurance and Reinsurance will reach XXX million $.

This Report covers the Major Players’ data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size. Also cover different industries clients’ information, which is very important for the Major Players. If you need more information, please contact BisReport

Also Read : https://www.newsmaker.com.au/news/378228/agriculture-insurance-and-reinsurance-2020-global-trends-market-size-share-status-swot-analysis-and-forecast-to-2026#.XzZXNFUzaM8

Section 1: Free——Definition

Section (2 3): 1200 USD——Major Player Detail

Swiss Re

Endurance Specialty Holdings

Munich Re

Allianz Re

XL Catlin

Agroinsurance

AXIS Capital

Agriculture Insurance Company of India Limited (AIC)

Aon

Arch Capital Group

Section 4: 900 USD——Region Segmentation

North America Country (United States, Canada)

South America

Asia Country (China, Japan, India, Korea)

Europe Country (Germany, UK, France, Italy)

Other Country (Middle East, Africa, GCC)

Section (5 6 7): 500 USD——

Type Segmentation (Agriculture Insurance and Reinsurance, , , , )

Industry Segmentation (Original insurer, Direct Insurance Company, , , )

Channel (Direct Sales, Distributor) Segmentation

Section 8: 400 USD——Trend (2019-2024)

Section 9: 300 USD—— Type Detail

Section 10: 700 USD——Downstream Consumer

Section 11: 200 USD——Cost Structure

Section 12: 500 USD——Conclusion

FOR MORE DETAILS: https://www.wiseguyreports.com/reports/4999687-global-agriculture-insurance-and-reinsurance-market-report-2020

About Us:

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

NORAH TRENT

[email protected]

Ph: +162-825-80070 (US)

Ph: +44 2035002763 (UK)

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marketresearch1-blog1 · 4 years ago

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Global Agriculture Insurance and Reinsurance Market - Growth Drivers, Opportunities and Forecast Analysis to 2019-2024

Summary – A new market study, titled " Global Agriculture Insurance and Reinsurance Market - Growth Drivers, Opportunities and Forecast Analysis to 2019-2024 " has been featured on WiseGuyReports.

Also read – https://www.newsmaker.com.au/news/378228/agriculture-insurance-and-reinsurance-2020-global-trends-market-size-share-status-swot-analysis-and-forecast-to-2026#.X1f7fdIzbIV

Section 1: Free——Definition

Section (2 3): 1200 USD——Major Player Detail

Swiss Re

Endurance Specialty Holdings

Munich Re

Allianz Re

XL Catlin

Agroinsurance

AXIS Capital

Agriculture Insurance Company of India Limited (AIC)

Aon

Arch Capital Group

Section 4: 900 USD——Region Segmentation

North America Country (United States, Canada)

South America

Asia Country (China, Japan, India, Korea)

Europe Country (Germany, UK, France, Italy)

Other Country (Middle East, Africa, GCC)

Section (5 6 7): 500 USD——

Type Segmentation (Agriculture Insurance and Reinsurance, , , , )

Industry Segmentation (Original insurer, Direct Insurance Company, , , )

Channel (Direct Sales, Distributor) Segmentation

Section 8: 400 USD——Trend (2019-2024)

Section 9: 300 USD—— Type Detail

Section 10: 700 USD——Downstream Consumer

Section 11: 200 USD——Cost Structure

Section 12: 500 USD——Conclusion

For more details - https://www.wiseguyreports.com/reports/4999687-global-agriculture-insurance-and-reinsurance-market-report-2020

About Us:

NORAH TRENT

[email protected]

Ph: +162-825-80070 (US)

Ph: +44 2035002763 (UK)

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snehajamadade · 5 years ago

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Agriculture Reinsurance Market 2020: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2024

Summary:

A new market study, titled “Discover Global Agriculture Reinsurance Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.

Introduction

Global Agriculture Reinsurance Market

Agriculture reinsurance is an evolving market across the globe. Agriculture reinsurance refers to the insurance that covers the financial as well as the production risks of the farmers. It also covers the shortfall risks of the interconnected stakeholders related to agriculture like the grain processors and input suppliers.

The agriculture reinsurance helps in preserving the capital required for enhancing production and ensure higher crop outputs. Agriculture reinsurance helps in providing the required capital, minimizing the damages, and preventing the potential risks. The global agriculture reinsurance market is anticipated to witness notable growth during the forecast period.

Get Free Sample Report at https://www.wiseguyreports.com/sample-request/4078462-global-agriculture-reinsurance-market-report-2019-market-size

Key Market Segmentation

The global market of agriculture reinsurance is segregated based on type, application, and region.

Depending on the type, the global agriculture reinsurance market is segmented into crop price reinsurance, crop revenue reinsurance, and crop yield reinsurance.

Based on the application, the agriculture reinsurance market is classified into livestock insurance, multi-peril crop insurance (MPCI), aquaculture insurance, managed crop hail insurance, forestry insurance, greenhouse insurances, and bloodstock insurance.

Geographical Outlook

The geographical regions of global agriculture reinsurance market include Asia Pacific, Europe, North America, Central, and South America, and the Middle East and Africa.

The key contributors to the Asia Pacific region are China, Australia, Japan, India, Korea, and Southeast Asia. The Europe market includes Spain, UK, France, Germany, and Italy. The major contributors of the North America region are Canada and the United States. Central and South America encompass Mexico, Argentina, and Brazil. The Middle East and Africa region include South Africa and GCC countries.

The North America region is the global market leader owing to the advancement in technologies and government support in the region. The Asia Pacific region is a prominent region of the global agriculture reinsurance market due to the presence of agro-climatic zones. The regions of Latin America and the Middle East and Africa are expected to witness significant growth during the forecast period.

Important Market Dynamics

The uncertain climatic changes, increase in demand for food security, and the rice in natural catastrophes are some of the main drivers of the global agriculture reinsurance market. The advancements in the field of technology and the growing support of the governments towards the agricultural activities further propel the market growth. The growing demand for a suitable alternative to the shareholder’s capital is another factor that fuels global market growth.

The lack of awareness is a major restraining factor that limits the growth of the agriculture reinsurance market.

Key Players of Global Agriculture Reinsurance Market -

The major players of the global agriculture reinsurance market are Munich Re, Scor Re, Hannover Re, Swiss Re, Partner Re, Mapfre Re, Everest Re, and XL Group. Other significant players in the global market are Tokio Marine, Korean Reinsurance, Berkshire Hathaway, China Reinsurance, QBE, Lloyd’s, and Transatlantic.

Trending Industry News

Partnerships and collaborations are an important trend in the industry to ensure market growth.

In August 2019, Agriculture Insurance Company, a government-owned company in India planned to launch the crop reinsurance services in the countries abroad, especially Sri Lanka, Bangladesh, Nepal, and the Philippines.

@Enquiry Before Buying https://www.wiseguyreports.com/enquiry/4078462-global-agriculture-reinsurance-market-report-2019-market-size

About Us:

NORAH TRENT

[email protected]

Ph: +1-646-845-9349 (US)

Ph: +44 208 133 9349 (UK)

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snehasahu-blog1 · 6 years ago

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Reinsurance Market: Driven by a Favorable Regulatory Environment

According to a new market report published by Transparency Market Research titled “Reinsurance Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global reinsurance market was valued at US$ 241.14 Bn in 2017 and is expected to expand at a CAGR of 4.7% from 2018 to 2026, reaching a value of US$ 364.59 Bn by the end of the forecast period. According to the report, North America was a significant contributor to the reinsurance market in terms of revenue in 2017. The prominent market share of the region is due to the favorable regulatory environment and growth in property catastrophe protection in the reinsurance market across the region, especially in the U.S. and Canada.

PDF Brochure For Future Advancements: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=55410

The global reinsurance market is currently driven by a favorable regulatory environment. Growing focus on sustainable growth has led to the relaxation in government rules globally. For instance, in September 2018, Insurance Regulatory and Development Authority (IRDA) approved revised reinsurance regulations in India. The core purpose behind revamping the regulations is that the maximum reinsurance business is held inside the nation and preference would be given to Indian domiciled entities. In 2016, the new SSN (Superintendence of Insurance) authorities removed the regulations which set minimum limits of insurers in projects involving small and medium enterprise. The new regulation now defines only maximum limits.

Get Sample PDF at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55410

Current regulatory variations are pushing the market to have fewer number of highly capitalized insurance companies. There are a large number of local players that need more capital to play in niche markets. Subsequently, demand for financial reinsurance is expected to increase in the coming years. Furthermore, increasing activity of foreign reinsurers in the global reinsurance market is contributing significantly to the growth of the market. Thus, increasing regulatory oversight initiatives is expected to enhance reinsurance penetration, as they are expected to promote self-assurance in the insurance industry. Therefore, a favorable regulatory environment is expected to have a long term impact on the reinsurance market. Growing number of such favorable regulations by several government entities are expected to boost the reinsurance market in the coming years.

Demand for property catastrophe protection is expected to contribute significantly to insurance renewals, provisioning any material reinsured loss. Furthermore, industries such as aviation, marine, automotive, healthcare, and agriculture are expected to show huge growth due to the high insurance penetration combined with the need to guard high value assets. Moreover, occurrence of natural calamities is encouraging individuals to avail reinsurance. Lack of disposable income is one of the major factors limiting the market growth. However, rising economic activities across the globe is expected to enhance investment in the insurance sector in the near future. The impact of this restraint is expected to remain low in the coming years.

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hellodelightfulbearbouquetme · 6 years ago

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teiraymondmccoy78 · 6 years ago

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Infosys investigates the future of blockchain in 2019 | Cloud Computing

Gopi K, SVP at Infosys, explores the future of blockchain in 2019…

We keep hearing about blockchain, how is it being adopted globally and in each market?

Since the emergence of Bitcoin from the dark days after the 2008 financial crisis, the technology has gained much prominence and notoriety owing to the rise and fall of numerous cryptocurrencies and ICOs. In the enterprise world, blockchain led by speculation turned into the holy grail and promised to solve all problems and open novel business opportunities. It is my opinion that in 2018, blockchain is coming out of the hype cycle globally across industries. Several initiatives that started early on have either paused or stopped. Networks are slow in gaining additional participants. Plethora of startups fuel the confusion blurring lines between the core technology and cryptocurrencies/ICOs.

B3i, an insurance industry consortium has the backing of several industry players and completed multiple POCs. However, there are multiple challenges in adoption – trust, erosion of competitive advantage, regulation, risk etc. Batavia, a trade finance initiative from IBM has adoption issues and has merged with we.trade. The IBM-Maersk shipping solution has met with significant apprehension[1] from rival industry players. That being said, 2018 has also seen several success stories – Farm to fork initiative with Walmart retail, JP Morgan’s interbank payment platform, Traceability and provenance for precious gems/diamonds with Brilliant earth, Payments via Lyra between banks and corporates in Spain etc.

While the technology is promising, its application to business needs to be approached with a holistic mindset. Projects that are rooted in the true business value delivered by Blockchain are bearing fruits, while others moving from FOMO-effect (fear of missing out) are caught in adoption, value, and scalability challenges.

How will adoption increase/decrease in 2019?

As the awareness of the technology and its maturity increases we are bound to see a steady rise in the adoption of blockchain to optimize inter-company business processes and lend into new business models. A tell-tale sign for the coming adoption is the increasing RFPs in this field. In the last several quarters, we have seen a spike in the RFPs driven by numerous companies, in some cases as a group, working towards identifying specific use case for blockchain. Such initiatives focus on the business value and have a very rigorous gating process to filter out the force-fitted use cases. Through such initiatives, industry leaders are beginning to see the value of a shared ledger and a future where collaboration trumps competition.

SEE ALSO:

We believe that in 2019, as efforts across industries and geographies coalesce around specific use cases, the adoption of blockchain will increase. When companies establish that a centralized utility across enterprises is the answer for a cheaper, faster and more efficient system, they will feel more comfortable collaborating with their industry rivals. Also, all the players are better informed from the past successes and failures. The theory of disintermediation through blockchain is yet to be proven in a large scale, but the winds are blowing in this direction and the threat for incumbents is becoming more real.

We see blockchain utilized in banking and logistics heavily, what sectors will begin adopting blockchain in 2019?

There are copious use cases for blockchain in any industry. This evident from the plethora of use cases, startups, and solutions from various players. However, we believe that blockchain will have significant impact in three key areas – payments & settlements, provenance, and trade. It is obvious that the financial services sector has been a leader over the last several years in adopting blockchain. This trend is expected to continue, but other industries are beginning to reap the benefits and will see a spike in adoption in the future. Distribution and services, logistics and supply chain, manufacturing, and resources are the industries that have started investing and will continue to do so in 2019. Public sector/government initiatives are also picking up steam in specific geographies such as middle East, Asia and Australia regions.

What purposes will blockchain be used for in 2019 compared to 2018?

In the short term, the strategic value of blockchain brings to businesses is cost reduction and process simplification. We’ve seen the adoption of blockchain in payments, remittances, provenance, and traceability in the early days which is consistent with the expected returns. While there are applications of blockchain that promise to deliver topline advantage to firms, in 2018 and 2019 leaders are expected to continue adoption of cases with clear bottom-line benefits.

We expect blockchain to expand into the following use cases/areas

Trade, supply chain finance and p2p payments in FS

Reinsurance, fraud detection and policy management in Insurance

Land/title registry, tax compliance, infrastructure in Government/public sector

Food safety and provenance in Agriculture

Are government policies supportive of blockchain adoption?

As is the case in the adoption of many technology innovations of the past, the invisible hand of the Government is key to legitimize blockchain and bring it to a wider audience. Several applications of the technology, especially in highly regulated industries such as banking, insurance, pharma etc. are required to operate within the boundaries of the current regulatory norms. Informed by the industry, regulatory bodies are beginning to amend policies. There are numerous legislative initiatives in several jurisdictions both at federal and state/provincial levels to incorporate the benefits of blockchain in offering next-gen citizen services. For example, blockchain is a core driver for the Smart Dubai initiative aiming to transform several inter-governmental and citizen transactions. Similar initiatives are underway in other geos – southeast Asia, Europe, United States and Australia. Overall regulatory environment is expected to affect the industry adoption positively in 2019.

How are blockchain alliances supporting adoption for 2019?

The true value of blockchain can only be realized when multiple market participants collaborate with each other. While competitive disadvantages of a shared ledger have to be carefully evaluated based on the use case, as per Metcalfe’s law, the value of a network increases in proportion to the square of the number of participants. The plethora of alliances/consortia formed in several industries is a testament to the industry recognizing the benefits of larger networks.

For example, RiskBlock and B3i are formed to drive the innovation of solutions, products, and services in the insurance industry through the power of the ecosystem based on blockchain technologies. Similarly, BiTA is an alliance in the transportation industry with the vision of driving adopting of emerging technologies in the freight, transportation, logistics, and related industries. There are examples of many such alliances in other industries with some forming local networks (Europe, North America etc.) and others attempting to form true global networks. It is important to note that many alliances are yet to deploy successful blockchain implementations at scale. As the number of participants increase, the complexity of managing and agreeing on standards, value distribution and legal jurisdiction grows exponentially.

It is an arduous task to get alignment amongst market players traditionally used to competing with each other. However, the alliances (and consortia) are beginning to make progress by starting with non-critical use cases and gaining trust amongst the players.

Source link http://bit.ly/2BARe4p

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bobbynolanios88 · 6 years ago

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Infosys investigates the future of blockchain in 2019 | Cloud Computing

Gopi K, SVP at Infosys, explores the future of blockchain in 2019…

We keep hearing about blockchain, how is it being adopted globally and in each market?

How will adoption increase/decrease in 2019?

SEE ALSO:

We see blockchain utilized in banking and logistics heavily, what sectors will begin adopting blockchain in 2019?

What purposes will blockchain be used for in 2019 compared to 2018?

We expect blockchain to expand into the following use cases/areas

Trade, supply chain finance and p2p payments in FS

Reinsurance, fraud detection and policy management in Insurance

Land/title registry, tax compliance, infrastructure in Government/public sector

Food safety and provenance in Agriculture

Are government policies supportive of blockchain adoption?

How are blockchain alliances supporting adoption for 2019?

Source link http://bit.ly/2BARe4p

#IFTTT #Cryptocurrency and Bitcoin

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courtneyvbrooks87 · 6 years ago

Text

Infosys investigates the future of blockchain in 2019 | Cloud Computing

Gopi K, SVP at Infosys, explores the future of blockchain in 2019…

We keep hearing about blockchain, how is it being adopted globally and in each market?

How will adoption increase/decrease in 2019?

SEE ALSO:

We see blockchain utilized in banking and logistics heavily, what sectors will begin adopting blockchain in 2019?

What purposes will blockchain be used for in 2019 compared to 2018?

We expect blockchain to expand into the following use cases/areas

Trade, supply chain finance and p2p payments in FS

Reinsurance, fraud detection and policy management in Insurance

Land/title registry, tax compliance, infrastructure in Government/public sector

Food safety and provenance in Agriculture

Are government policies supportive of blockchain adoption?

How are blockchain alliances supporting adoption for 2019?

Source link http://bit.ly/2BARe4p

#IFTTT #Cryptocurrency and Bitcoin

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mccartneynathxzw83 · 6 years ago

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Infosys investigates the future of blockchain in 2019 | Cloud Computing

Gopi K, SVP at Infosys, explores the future of blockchain in 2019…

We keep hearing about blockchain, how is it being adopted globally and in each market?

How will adoption increase/decrease in 2019?

SEE ALSO:

We see blockchain utilized in banking and logistics heavily, what sectors will begin adopting blockchain in 2019?

What purposes will blockchain be used for in 2019 compared to 2018?

We expect blockchain to expand into the following use cases/areas

Trade, supply chain finance and p2p payments in FS

Reinsurance, fraud detection and policy management in Insurance

Land/title registry, tax compliance, infrastructure in Government/public sector

Food safety and provenance in Agriculture

Are government policies supportive of blockchain adoption?

How are blockchain alliances supporting adoption for 2019?

Source link http://bit.ly/2BARe4p

0 notes