MANAGEMENT

HSB Canada Introduces Cyber Suite, Coverage for Small Businesses

HSB Canada | September 24, 2021

HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity theft, and cyber extortion.
It is available through insurance carriers that partner with HSB Canada to add the coverage to their commercial policies.

Small businesses face many challenges. As more commerce is conducted online, vulnerabilities to cyber risk have become heightened,Cybersecurity is complex, but we want to make it easier for small businesses to get comprehensive protection against cyber risks.

                             - Derrick Hughes, vice president for HSB Canada.

Prevent Loss, Protect Income and Reputations
HSB Cyber Suite includes several optional coverage enhancements including:
  • Identity Recovery, providing case management services and financial resources to recover control of insureds’ identities after identity theft.
  • Business Income and Extra Expense coverage available during the period of restoration, in the event of a computer attack.
  • Electronic Media Liability for legal action alleging copyright, trademark, and other types of infringement, defamation, or other personal injury resulting from information displayed on a website.
  • Cyber Extortion, covering pre-approved negotiator or investigator costs and payments for eliminating ransomware or extortion threats.
  • A Holistic Solution from a Cyber Pioneer

HSB Cyber Suite is a turnkey cyber reinsurance solution for property-casualty insurers, including underwriting, marketing support, 24/7 claim service, and risk management. Customers have access to the eRiskHub® cyber resources website, and HSB’s extensive network of leading cyber incident response vendors.

HSB Canada
HSB Canada, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB Canada’s insurance offerings include equipment breakdown, cyber risk and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). 

Munich Re
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO business segments, as well as the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2019 Pacific typhoon season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyberattacks. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

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Other News
FINANCE

Voya announces recipients of new Black-owned small business grants

Voya Financial | February 25, 2022

Voya Financial, Inc., announced today, the launch of a new grant program to aid small businesses owned by individuals from underrepresented communities. The five recipients, all Black-owned, technology-based businesses, will each be awarded $10,000 to help them grow and thrive. “This inaugural grant program reflects our mission to make a secure financial future possible for everyone. Several of these startups are women-owned, all are Black-owned, and each one demonstrates a commitment not just to success, but to a shared value with Voya giving back to the community,” said Braeden Mayrisch, associate vice president, Stakeholder Equity and Impact, and vice president, Voya Foundation. “We invest in Black and African American leaders, be they teachers, STEM professionals, or small businesses and nonprofit executives, and showcase aspirational careers to our nation’s children.” The grants are a program developed by the company’s Diversity, Equity and Inclusion (DEI) Task Force, undertaken in collaboration with the Association for Enterprise Opportunity (AEO), focused on supporting Black- and African American-owned businesses and positioning Black entrepreneurs as role models for youth. “AEO and our 2,600 members and partners are excited to support this vital work helping underserved entrepreneurs contribute to the economic growth of their families and communities. It is even more impactful that these grants are targeting an underrepresented field like technology.” Connie E. Evans, president and CEO of AEO The five grant recipients each of which offer technology-based products and solutions for different industries and are at various stages in their corporate development are: Imani Software, a technology service based in Pflugerville, Texas, that provides education administrators with early warning and intervention assistance for at-risk youth. LiftEd, located in Brooklyn, New York, this education technology service uses data and software tools to support special-education instructors, simplify success monitoring, and enhance lesson plans. Nailstry, an augmented reality beauty application based in Davie, Florida. Shared Knowledge, an education technology service that designs free smartphone apps to help with data analysis, training, and mental health in school systems, based in Sterling, Virginia. Total Analysis, is a Detroit-based technology company that uses a platform to streamline pathogen identification in the healthcare space. About Voya Financial® Voya Financial, Inc., is a leading health, wealth and investment company that provides products, solutions and technologies that help Americans become well planned, well invested and well protected. Serving the needs of 14.3 million individual, workplace and institutional clients, Voya is a Fortune 500 company that had $4.2 billion in revenue in 2021 and $739 billion in total assets under management and administration as of Dec. 31, 2021. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. About Association for Enterprise Opportunity (AEO) AEO is the leading voice of innovation for microbusiness and microfinance. We create economic opportunity for underserved entrepreneurs throughout the United States. We engineer transformational change through Research, Incubation, Convening & Advocacy to foster a robust and inclusive marketplace.

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MARKETING AND NETWORKING

Marketing 360® Social Media Management Strategy Increases Impressions and Sales for Online Retailer

Marketing 360 | April 22, 2022

Implementing the right social media management strategy has the potential to increase sales and brand awareness, and most business owners know that being active on social media is a non-negotiable in this day and age. In this case study, Marketing 360® discusses how one online retailer, with the help of the social media management team at Marketing 360, was able to increase their sales and impressions through their social media management strategy. In a three month period, this business saw 235,814 impressions and generated 78,043 clicks to their website. This was achieved through posting a variety of educational and engaging content on Facebook and Instagram that asked their audience to answer questions. It might sound counterintuitive, but posting engaging, community-focused content rather than sales-focused content can lead to more sales. They also used ad budget to boost their posts which allowed them to get in front of more people. This led to an additional 55,268 impressions and to direct conversions. Social media is truly non-negotiable for business owners, and it provides one of the best avenues to get in front of new and existing customers. The right social media management strategy can help businesses increase their brand recognition and sales. Through many tools and integrated apps, plus the backing of a fully integrated marketing team, the Marketing 360 platform makes it easy for small businesses to manage their business and marketing, all from one place, while saving time, money, and tons of manual work. About Marketing 360 Marketing 360 is a technology company that provides business management and marketing software and services for SMBs and franchises. For over a decade, the Marketing 360 platform has given SMBs everything they need to manage and grow their business from a singular platform, including the ability to — build a professional website, accept and manage payments, manage leads and customers, book appointments, monitor reviews, manage social media, syndicate business listings, manage content marketing, run multi-channel digital advertising campaigns, and more. Marketing 360 was founded in 2009 with the mission of enriching communities by helping small businesses grow, and is headquartered in Fort Collins, Colorado.

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BUSINESS STRATEGY

BuildESG Unveils All-In-One ESG Solution for Asset Managers and Small Businesses to Accelerate ESG Adoption

BuildESG | June 20, 2022

BuildESG recently launched the BuildESG Hub, a holistic software and service solution to deploy, manage and scale ESG programs for small businesses, asset managers and their portfolios. The digital platform is a powerful tool for aligning ESG practices with core business strategies, offering a best-in-class digital user experience that provides a 360-degree view of ESG processes, and offers access to resources, expert guidance and a community forum. “The BuildESG Hub arose because we saw a gap in the market — we couldn’t find a simple solution that would help companies understand the basics of ESG, why it matters and how to establish a foundation of practical policies and processes that were applicable across sectors and company maturity levels, So, our team of ESG experts, investors and technologists built a platform that combines digital tools and ESG expertise that companies and investors need to set and meet their ESG goals.” -BuildESG Founder & CEO James Lindstrom The BuildESG Hub offers both free and paid packages. For those who need more guidance, we felt it was important to offer guidance alternatives in the form of a community forum and ESG experts under a flat fee versus the hourly model of most consulting firms. Lindstrom added. BuildESG members and teams at various membership tiers are able to. Deploy ESG Programs. For companies that do not yet have an ESG program, the platform includes basic education and a methodical building of a foundation of processes and policies. Deployment starts with access to introduction to ESG training content and user-friendly, digital assessments of a company’s existing policies and processes, resulting in a digital action list to establish a solid foundation for future ESG initiatives, such as quantitative data tracking. Access Support Resources. In order to support building a foundation, BuildESG provides guides, templates, due diligence and vendor assessments and a portfolio-wide content retention library. Connect with Peers through the BuildESG Forum. BuildESG’s platform drives connections and community among our members by helping share best practices, tools and intelligence. Additional paid features include: Hands-on Introductory and Annual ESG Training. Portfolio Analytics for Asset Managers. Premium Private Equity Industry Benchmarking Reports. Detailed Benchmarking Process-Level Data. Expert ESG Guidance from BuildESG Experts. Annual Company and Portfolio Reviews from BuildESG Experts About BuildESG BuildESG is a software and services ESG platform with 50+ ESG subject-matter experts at the helm. BuildESG’s solutions address the reporting, framework and ratings advisory, data collection and analytics needs of its Fortune 500 and global private equity firm clients. BuildESG serves clients across industries, with certain expertise in the financial services, private equity and energy and power sectors. BuildESG has offices in New York; Greenwich, Conn.; and Berkeley, Calif.To learn more, please contact info@buildesg.com or visit https://buildesg.com.

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BUSINESS STRATEGY

MeridianLink® Announces Agreement to Acquire StreetShares®

MeridianLink | March 11, 2022

MeridianLink, Inc.®, a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that it has entered into an agreement to acquire StreetShares®, a mission-driven financial technology company that provides digital small business lending technology to banks and credit unions. StreetShares is an award-winning financial technology company that started in 2014 as a low-cost, digital lender to veteran-owned small businesses. StreetShares later launched its digital business lending platform to allow community banks and credit unions to affordably make small business loans with a 100% digital, omnichannel experience. “StreetShares’ commitment to providing lenders across the U.S. with state-of-the-art business lending capabilities, including business loans, automated decisioning, and business lines of credit, aligns with our focus on empowering more banks and credit unions to better serve consumers and communities. Adding the StreetShares team, technology, and strong partnerships with organizations like Fiserv to the MeridianLink family will accelerate our small business lending capabilities and further strengthen our MeridianLink One platform.” Nicolaas Vlok, CEO of MeridianLink The StreetShares Atlas Platform™ enables banks and credit unions to get up and running in a fully digital, business lending environment in 45 days or less. Built by experienced business bankers, The Atlas Platform enables community lenders to use data-driven technology to deliver a superior digital banking product experience to their small business customers. It also specifically addresses the key challenges in small business risk assessment and decisioning to meet the financing needs of small businesses efficiently. “StreetShares is thrilled to join forces with the innovators at MeridianLink to better serve America’s main street business owners,” said Mark L. Rockefeller, StreetShares co-founder and CEO. Mickey Konson, StreetShares co-founder and president added, “Enhancing MeridianLink’s platform with StreetShares’ Atlas Platform technology will provide community banks and credit unions with industry-leading tools to better serve small business customers.” About MeridianLink MeridianLink® is a leading provider of cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. Headquartered in Costa Mesa, California, MeridianLink provides services to more than 1,900 customers, including a majority of the financial institutions on Forbes’ 2021 lists of America’s Best Credit Unions and Banks. About StreetShares StreetShares is a small business banking software-as-a-service (SaaS) technology company that powers community banks, credit unions, and non-financial organizations. Its Atlas Platform offers a full suite of digital, white-labeled, small business banking products to their customers. StreetShares technology was voted “Best in Show” by community bank executives at the American Banker Small Biz Banking Conference, and the StreetShares team has been recognized as EY Entrepreneurs of the Year, Innovators of the Year, and other honors.

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Spotlight

Do you want to start your own business? Here are the best small business opportunities for small investors. Start a small business with these small investment ideas. Business ideas and opportunities to start a small business. Hope you all liked our videos.

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