2017 Pittsburgh Terrain Race – Tons of Fun!

A huge THANK YOU to all the employees and volunteers of this weekend’s Pittsburgh Terrain Race! Saturday was a beautiful morning accompanied by a high degree of discomfort on the course….well-done!  @Terrainracing

Terrain Race Pittsburgh Jun. 24, 2017 (3) - Copy2017 Pittsburgh Terrain Race Finish (10K)June 24, 2017 - Copy

 

 

Get Muddy For A Cause

The Next Generation OCR Team is proud to announce the 1st Annual Get Muddy For A Cause.  The team compiled of both great clients and friends will be completing the 2017 Pittsburgh Tough Mudder on September 10, 2017.  We are so proud to complete the course to benefit the Semper Fi Fund (https://semperfifund.org/).

The Semper Fi Fund provides immediate financial assistance and lifetime support to post-9/11 wounded, critically ill and injured members of all branches of the U.S. Armed Forces, and their families, ensuring that they have the resources they need during their recovery and transition back to their communities. Since establishing the Semper Fi Fund in 2004, they’ve issued 137,000 grants, totaling more than $150 million in assistance to over 18,500 of our heroes and their families.

Please go to our Team Site to make a small donation.  Every little bit truly helps!

Team Full Muddy Jacket –

https://fundraising.semperfifund.org/fundraise/team?ftid=117800

Thank you!

SFFIMG_08362016 TM

AIG Parters Group – The Next Generation Agency is Hiring!

About AIG Partners Group, LLC – The Next Generation Agency

We are one of the world’s largest insurance organizations with 160 years of business experience and over $537 Billion in assets.
We offer a hybrid distribution model offering the best of both worlds from traditional career channel and a brokerage model.
We are relationship driven at both MGA and Producer levels and committed to learning the product and how to market differently (needs rather than just cost driven). We are committed to your success!

The Service Platform at AIG Partners Group is second to none. Our support includes training, dedicated website for product, marketing information, new business applications, and forms. We use state of the art E-station for servicing our clients, pending cases and in-force business.

Compliance approved advertising material is at your fingertips with advanced marketing capabilities and an outstanding illustration system that is backed up with illustration specialist ready to assist with any questions you may have.

We have an innovative product suite offering extremely low-cost term as well as investment grade Indexed Life products. All include our no cost, best in industry, critical, chronic and terminal illness coverage up to 1.5 million in coverage as well as a disability income rider.

We also offer recognition and global conferences for you and a guest as well as top commissions and bonuses to help you earn the type of income you deserve.

We are selective about the partners we choose. We also know that the Quality of Life Insurance story will bring you to us, but it’s the relationship that will keep you with us.

Contact us so we can further discuss your future with us. 1-800-207-842 or visit our Careers Link / Website at Thenextgenagency.com/careers

London Market Sees Potential Use for Blockchain

The London Market, which is the major international insurance market in the United Kingdom, is undergoing plans to modernize. Part of that plan may include the use of blockchain technology, the main innovation behind Bitcoin, to improve data access and reduce the costs that come with administrative paperwork.

Lloyd’s, a key participant of the London Market held a seminar last week in London to highlight several technologies, including blockchain that could improve or otherwise innovate areas of the insurance market. It’s all part of their plan to modernize the experience of insurance market participants called the Target Operating Model.

Blockchains, which record transactions and protect Bitcoins from double spending, could be used to increase risk-recording abilities, transparency, accuracy and speed in the insurance markets.

Shirine Khoury-Haq, Lloyd’s director of operations told CoinDesk in a statement: “Blockchain has the potential to improve the way insurers record risk, increasing the speed, accuracy and transparency of our processes. As part of the TOM consultation we will be interested to see how blockchain could help us resolve some of the challenges facing our industry.”

Two use-cases for blockchain were floated at the seminar. The first was for blockchain-powered “deal rooms” wherein documents would be securely shared and logged. The second was for a permissioned ledger for insurance markets. The ideas were presented by Michael Mainelli, executive chairman of Z/Yen, a think tank and venture capital firm and a professor at Gresham College.

The so-called “deal rooms” would completely revolutionize the way business is done in the London Market. Currently, markets rely on physical proximity to one another, personal relationships and paper documents to get deals done. The use of a digital deal room could make the London Market more attractive to international business, which would drive significant growth for both Lloyds and the market itself.

“If we were sitting in Hong Kong right now and decided to create a global insurance market,” Mainelli added. “We could build a quick deal-room and we would automate it from the start.”

A deal room based on blockchain would take out the need to trust an intermediary while providing an accurate record of the documents shared by all participants. The database would be unalterable and owned by nobody. It’s simply an accurate ledger of who sent what to who and when.

Other technologies were presented at the Lloyd’s seminar including peer-to-peer lending and alternative cross-border payments. The goal of the seminar was to simply debate the risks and rewards of technological disruption. The Target Operating Model is a five-year plan to “support the ease of doing business” in the London Market and technological innovations like this could be an important step.