Insurance: Time to rethink your approach?

By on December 18, 2020

first_imgHaving organizational commitment and the right delivery structure can make a world of Karen BankstonAlmost every credit union offers some form of insurance coverage for members—from credit life and disability options to a full range of property, casualty, and life insurance products, says Jeffrey Chesky, president/CEO of Insuritas, a CUES Supplier member based in E. Windsor, Conn.However, Chesky suggests that many credit unions may benefit from examining two aspects of their insurance offerings:Organizational commitment to this product line. “Credit union executives get up every day and think intensely about gathering deposits, making loans, and even offering investment services. Many don’t think of insurance products with the same discipline,” he contends.Delivery structure. Traditionally, many credit unions have referred their members to third-party insurance providers, which may raise regulatory hurdles in terms of sharing members’ information, dilute brand equity, and make enrollment more cumbersome, he says.The downside of both these issues is the likelihood of significantly lower revenue production, he cautions.Under the pro column of offering insurance, Chesky lists “a fairly simple licensing process” and no balance sheet or repayment risks. Plus, “it provides a wonderfully elegant experience for the member because so much of the data the credit union has on the member to underwrite loan risk is exactly the same data that an insurance carrier needs to price claims risk,” he says. Both credit unions and insurance carriers base their underwriting on character and collateral. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Former Barcelona defender explains retirement decision

By on September 24, 2020

first_img Read Also: Video: Ramos fires home wonder free kick against Real Mallorca Mathieu later claimed he was always made a scapegoat when things went wrong at the Camp Nou and as reported by ESPN, he claimed that Catalan newspaper Diario Sport “always had something bad to say about me.” Mathieu played in France for Sochaux and Toulouse before his switch to Spanish football. FacebookTwitterWhatsAppEmail分享 “It was a pleasure to wear this shirt and play with you and enjoy every moment.” Now aged 36, Mathieu has spent the past three seasons at Portuguese giants Sporting CP and his plan to hang up his boots at the end of the campaign has now been brought forward due to injury. The Frenchman arrived at the Blaugrana from Valencia in 2014 after Carles Puyol confirmed his retirement, but he never lived up to expectations. Signed as a left-footed defensive partner for the more elegant and ball-playing Gerard Pique, Mathieu’s three years at the Catalan club were hugely frustrating and he joined Sporting CP on a free transfer in 2017. “It’s hard to say goodbye like this,” Mathieu explains to his teammates, as cited by Mundo Deportivo. “I would have liked to play one last time at home, but life goes on.Advertisement Former Barcelona and Valencia defender Jeremy Mathieu has spoken about his decision to retire from football after suffering a serious knee injury. Loading…last_img read more

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