Latest news with #StateoftheMarket
Mid East Info
19-06-2025
- Business
- Mid East Info
Aramex claps back at scammers with AI-generated fake video campaign - Middle East Business News and Information
Fighting fire with fire, the global logistics leader leveraged AI to create an innovative 'fake vs. real' awareness campaign addressing the surge in fraudulent communications to customers Dubai, United Arab Emirates;June 2025: Aramex, the leading global provider of logistics and transportation solutions, has launched an innovative AI-generated campaign to educate customers on identifying scams. The timely social media video directly addresses the alarming rise in fraud, such as parcel delivery scams ahead of holiday season, targeting customers across the Middle East. Using AI to generate fake Aramex branding alongside authentic company materials, the campaign video teaches customers how to distinguish legitimate communications and know when they are being scammed. This innovative approach transforms a serious security concern into an engaging, educational experience that resonates with today's digitally savvy consumers. Incidents of fraud have surged across key markets – including the UAE, Jordan, and Saudi Arabia, reflecting a broader global trend affecting customers of all major brands. Aramex customers regularly receive fraudulent SMS messages, emails, and social media communications from scammers impersonating the company, often requesting payment through unverified links or soliciting personal information (phishing). In fact, cybersecurity provider Help AG's annual State of the Market report[1] highlights an alarming surge in phishing and impersonation attacks – making up a whopping 90% of cybersecurity incidents in 2024. Mike Rich, Group CMO at Aramex said: 'With scams targeting our industry growing in volume and sophistication, traditional awareness methods simply weren't cutting through the noise. With our edutaining awareness content, we hope customers can identify the scammers' red flags. We adopted AI for the creatives in a classic case of fighting fire with fire, to expose these fakes and frauds. While our campaign specifically protects Aramex customers, it is a broader public service initiative relevant across all industries, as fraudulent communication tactics remain consistent regardless of the targeted brand.' Shahir Sirry, Global Creative Director at Aramex, explained the creative rationale: 'Scammers are using increasingly artificial and fake methods to deceive customers, so we thought – what better way to highlight this than through deliberately artificial content? The irony is intentional, and hence more powerful. Businesses worldwide are grappling with increasingly sophisticated fraud attempts that exploit trusted brand relationships to deceive consumers. By sharing detection techniques and verification methods, we aim to raise awareness that extends beyond our own customer base.' Aramex emphasizes three critical safety measures for customers to stay safe: Verify:Always verify that communications come from official Aramex channels before taking any action. Check sender details, official website links, and contact information against verified company sources. Payment Security:Never pay for services through links received via unverified SMS or WhatsApp messages. Ideally, always use the official Aramex mobile application for secure transactions and emails must originate from @ Stay vigilant:Apply the same verification standards to social media competitions and promotions. Legitimate campaigns will always be verifiable through official Aramex social channels. Since the video aired, there has been a 28% surge in downloads of the official Aramex mobile application, which provides the most secure method for tracking shipments, making payments, and accessing customer services. The AI-generated awareness video is now available across Aramex's official social media channels and will be supported by a comprehensive digital marketing campaign throughout 2025.
Yahoo
04-06-2025
- Business
- Yahoo
AM Best to Sponsor and Participate at PAMIC's 2025 Leadership Symposium
OLDWICK, N.J., June 04, 2025--(BUSINESS WIRE)--AM Best will sponsor and participate in the Pennsylvania Association of Mutual Insurance Companies' (PAMIC) 2025 Leadership Symposium, which will be held June 17-18, 2025, at the Omni Bedford Springs Resort, in Bedford, PA. AM Best Director Joseph Burtone will present AM Best's perspective on the state of the insurance industry on Wednesday, June 18, titled, "State of the Market" at 10:00 a.m. (EDT). During the session, Burtone will provide an overview with an emphasis on market challenges, including ongoing weather-related losses, efforts to achieve rate adequacy, casualty reserve challenges, stress testing and social inflation. The presentation will cover AM Best's current market segment outlooks and the impact of changing reinsurance capacity on primary carriers. Burtone has worked for decades in the insurance industry, with nearly 25 years' experience at AM Best. He is responsible for managing a team of rating analysts covering property/casualty insurance companies in the United States, including farm bureau companies, mutual insurers and regional writers. AM Best is a platinum level sponsor for the event. PAMIC is a trade association that has represented the mutual insurance industry since 1907 with its membership representing much of the Mid-Atlantic region. To register and learn more about PAMIC's upcoming symposium, visit the event webpage. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Christopher Sharkey Associate Director, Public Relations +1 908 882 Al Slavin Senior Public Relations Specialist +1 908 882
Business Wire
04-06-2025
- Business
- Business Wire
AM Best to Sponsor and Participate at PAMIC's 2025 Leadership Symposium
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best will sponsor and participate in the Pennsylvania Association of Mutual Insurance Companies' (PAMIC) 2025 Leadership Symposium, which will be held June 17-18, 2025, at the Omni Bedford Springs Resort, in Bedford, PA. AM Best Director Joseph Burtone will present AM Best's perspective on the state of the insurance industry on Wednesday, June 18, titled, "State of the Market" at 10:00 a.m. (EDT). During the session, Burtone will provide an overview with an emphasis on market challenges, including ongoing weather-related losses, efforts to achieve rate adequacy, casualty reserve challenges, stress testing and social inflation. The presentation will cover AM Best's current market segment outlooks and the impact of changing reinsurance capacity on primary carriers. Burtone has worked for decades in the insurance industry, with nearly 25 years' experience at AM Best. He is responsible for managing a team of rating analysts covering property/casualty insurance companies in the United States, including farm bureau companies, mutual insurers and regional writers. AM Best is a platinum level sponsor for the event. PAMIC is a trade association that has represented the mutual insurance industry since 1907 with its membership representing much of the Mid-Atlantic region. To register and learn more about PAMIC's upcoming symposium, visit the event webpage.
Business Wire
08-05-2025
- Business
- Business Wire
Tariff Uncertainty Leads IDC to Downgrade Global IT Spending Forecast, IDC Now Says Between +5% and +9%
NEEDHAM, Mass.--(BUSINESS WIRE)--Join International Data Corporation (IDC) for its latest State of the Market discussion, where leading analysts will examine the economic impact of newly imposed tariffs, the resulting shifts in global supply chains, and the revised global IT spending outlook—now forecast to grow between 5% and 9% amid rising uncertainty. Tariff Uncertainty Leads IDC to Downgrade Global IT Spending Forecast, IDC Now Says Between +5% and +9% Share Key questions analysts will address: How could new tariffs and other economic policies impact global IT spending in 2025 and 2026? Which countries and market sectors will be most affected in terms of slower investment growth or declines? When and where will supply chain transformation take hold, and how will it reshape the structure of the global Information and Communication Technology (ICT) industry? What can technology vendors do now to position themselves for success amid today's chaos, uncertainty, and industry transformation? Event & Registration Details: Date & Time: Where to Register: 'Consumers are likely to feel a significant pinch from these tariffs. We anticipate increased costs for popular tech like iPhones and earbuds, with potential 'collateral' price hikes for PCs due to component sourcing. Beyond price, expect supply chain disruptions leading to limited product selection and potential delays. While not immediate, long-term infrastructure investments in servers could also slow, eventually impacting service performance and new feature rollouts for consumers,' said Crawford Del Prete, president of IDC. "The 90-day delay on tariff implementation has left the global economy mired in uncertainty, at least until the second half of 2025. We at IDC are explaining what this all means, from short-term spending forecasts to long-term supply chain transformation. Regarding IT spending forecasts, the impact of tariff uncertainty on business conditions, and overall market transformation, our updated Black Book summary indicates we're seeing tariff uncertainty already impacting business conditions in North America, leading to a decrease in our baseline IT spending forecast,' said Stephen Minton, group vice president, Data & Analytics, IDC. IDC Analysts & Key Focus Areas Available for Interviews: With more than 1,000 analysts spanning over 110 countries, IDC's award-winning team of researchers can speak on technology and trade with respect to tariffs from nearly every angle. IT and Consumer Spending Trends Crawford Del Prete, IT Trends, Worldwide Stephen Minton, ICT Spending & Macroeconomics Kitty Fok, IT Market and Emerging Technologies, China Praveen Datta, Canadian Communications Market Drivers and Strategies Tetsuya Maruyama, IT Spending Guide, Data & Analytics, Japan Mobile Phones, PC Monitors & Consumer Devices Ryan Reith, Worldwide Device Tracker Nabila Popal, Mobile Phones & Consumer Devices, Worldwide Bryan Ma, Devices Research, Asia Pacific Kiranjeet Kaur, Devices Research, Asia Pacific Manufacturing & Automotive Simon Ellis, U.S. Manufacturing Insights and Global Supply Chain Strategies Kevin Prouty, Tech Buyer Business Semiconductor Mario Morales, Enabling Technologies and Semiconductors Helen Chiang, Semiconductor Research, Asia Pacific Media & Entertainment Alex Holtz, Worldwide Media & Entertainment Digital Strategies Lewis Ward, XR, Gaming, and Interactive 3D Software About IDC International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
Yahoo
01-05-2025
- Business
- Yahoo
New Survey: Commercial Insurance Market Holds Steady in Q1, but The Baldwin Group Advises Preparedness as Conditions Evolve
Cyber, Management Liability, and Workers' Compensation Pricing Remain Stable, While Momentum Behind Pricing Declines in Property Builds; Commercial Auto and Umbrella Lines Face Continued Pressures TAMPA, Fla., May 01, 2025--(BUSINESS WIRE)--The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. ("Baldwin") (NASDAQ: BWIN) and its affiliates, issued its Q1 2025 Market Pulse Report showing signs of continued resilience across much of the commercial insurance landscape, although underlying pressures could test market stability later this year. Across The Baldwin Group's book of business, cyber, management liability, and workers' compensation lines maintained relative stability through the first quarter of 2025. Innovations in underwriting, sustained carrier capacity, and moderating loss trends contributed to a favorable environment for insureds in these segments. In contrast, commercial auto and umbrella lines continue to show signs of loss cost pressure with pricing continuing its upward trend. Both saw over 10% year-over-year increases, driven by entrenched loss trends, rising repair costs, and social inflation. The property insurance market is showcasing the resilience of the commercial insurance marketplace broadly with a year-over-year deceleration in rate increases (from +13.2% in Q1 2024 to +3.0% in Q1 2025), despite ongoing climate-driven loss activity. Clients with exposure to peak catastrophe zones should remain vigilant to account-specific reversal of these trends after a series of early-year natural disasters, including California's January wildfires that significantly impacted catastrophe budgets. "The market is stable in many areas but is not without its challenges," said Trevor Baldwin, Chief Executive Officer of The Baldwin Group. "Our focus remains on helping clients stay ahead of shifting conditions—whether by reassessing coverage structures, finding opportunities to mitigate cost pressures, or strengthening overall resilience strategies for growth." Favorable reinsurance renewals, broader market competition, and expanded capacity from MGAs and the London market contributed to recent softening trends, particularly in property. However, Baldwin notes that continued climate volatility, inflation, and evolving regulatory factors could influence the market trajectory over the remainder of 2025. The Baldwin Group's latest State of the Market report also highlights forward-looking concerns such as supply chain disruption, third-party litigation funding trends, and the potential impact of new tariffs on insurance claims costs. "Clients have an important window right now to optimize their programs and prepare for potential shifts ahead," Trevor Baldwin added. "Strategic adjustments today can help protect against volatility that may emerge later in the year." For more details, access the full Q1 2025 Market Pulse Report and the State of the Market report at ABOUT THE Q1 2025 MARKET PULSE REPORT The Baldwin Group's Market Pulse report offers a detailed overview of high-level pricing trends within The Baldwin Group's book of business by quarter since 2021. It serves as an invaluable tool for stakeholders to glean insight into insurance price movement and the dynamics affecting premium costs. Please note that this report should be used as a guide and does not constitute individualized financial advice. ABOUT THE BALDWIN GROUP The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. ("Baldwin") (NASDAQ: BWIN) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our clients the confidence to pursue their purpose, passion, and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our clients. We do this by delivering bespoke client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our clients, colleagues, insurance company partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than three million clients across the United States and internationally. For more information, please visit NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release may contain various "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Baldwin's expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address Baldwin's future operating, financial or business performance or Baldwin's strategies or expectations. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "projects," "potential," "outlook" or "continue," or the negative of these terms or other comparable terminology. Forward-looking statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption "Risk Factors" in Baldwin's Annual Report on Form 10-K for the year ended December 31, 2024 and in Baldwin's other filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available free of charge on the SEC's website at: including those risks and other factors relevant to Baldwin's business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Baldwin or to persons acting on Baldwin's behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Baldwin does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law. View source version on Contacts MEDIA RELATIONS Anna Rozenich, Senior Director, Enterprise Communications, The Baldwin Group630.561.5907 | INVESTOR RELATIONS Bonnie Bishop, Executive Director, Investor Relations, The Baldwin Group813.259.8032 | IR@ Sign in to access your portfolio
