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accident and critical illness insurance are surprisingly good for business!

Many people are concerned about experiencing an accident or a critical illness however they may be financially unprepared to address the situation when it occurs. The need is apparent; the average employee’s share of health care costs has increased more than 50% over the last five years.1 With higher premiums and the growth of high deductible health plans, few are immune to the financial burden of paying increased contributions to their medical benefits and many feel the pain of footing a larger share of their health-related expenses.

Spotlight

SEI

SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $684 billion in mutual fund and pooled or separately managed assets, including $265 billion in assets under management and $419 billion in client assets under administration.

OTHER WHITEPAPERS

Digital Transformation for Banks

whitePaper | May 12, 2022

Conversational AI is a type of artificial intelligence that facilitates the human like conversation between a human and a software system in real time. It is a piece of software that a person can talk to, like chatbot, social messaging app, interactive agent, or smart device.

Building a Business Card Program in Today’s Digital-First Landscape

whitePaper | April 11, 2023

Digital transformation has become the buzz of the financial services industry ever since COVID-19 came on the scene. A landscape that had begun bubbling with potential quickly hit a boil when even digital naysayers were required to leverage the technology for standard monthly transactions. For many financial institutions (FIs), that rapid transformation to a digital-first mentality greatly impacted technology prioritization and business objectives.

Best Practices in Social Listening FINANCIAL SERVICES AND INSURANCE

whitePaper | December 23, 2019

Whether you’re obtaining new clients or recruiting talent, the Financial Services space is incredibly competitive. In order to meet the collaborative and transparent demands of clients, firms must work to develop an involved community that’s loyal to them. With that goal in mind, customer satisfaction and relationship development are imperative, and—as clients seek out advisors and agents that are thought leaders and specialists, and Financial Services firms strive to become exactly that—personal branding is more important than ever. In fact, branding must become a focus of all client-facing employees.

AI in lending: How financial institutions can unlock the full potential of their loan data

whitePaper | May 23, 2023

How can AI help, no matter which stage you are at in the credit cycle? There are multiple stages in the life cycle of a loan from origination and onboarding right through to monitoring and risk management, securitization and trading or investing. Each part of the cycle requires access to comprehensive, accurate and up-to-date data. Digital transformation is leading to greater efficiency in all of these areas but going digital alone may not be enough to fully harness the benefits of new technologies when it comes to regulatory compliance and risk management. And beyond that, what is the value this enhanced data flow brings? How can AI tools give companies a competitive edge?

Web3 for Better

whitePaper | March 4, 2023

Since the start, we have worked on building a transparent, efficient, scalable and adaptable blockchain platform. But these qualities were just the tip of the iceberg. Research, innovation, collaboration and a strategy aimed at long-term viability brought us to today as we seek to multiply individual impact to unleash our collective potential for sustainability.

2020 banking and capital markets outlook

whitePaper | January 3, 2020

A NEW WAVE OF disruption more forceful and more pervasive than what we have seen in recent years will likely unfold in the next decade. While the roots of this disruption— technological, economic, geopolitical, demographic or environmental—may remain the same, the unique convergence of these factors should unleash unprecedented change in the broader society and economy, and, consequently, in the banking industry as well.

accident and critical illness insurance are surprisingly good for business!