Same Sex Marriage Creates New Planning Opportunities for European Insurers

Same Sex Marriage Creates New Planning Opportunities for European Insurers

The recognition of same sex marriage and civil unions has resulted in an evolving definition of what constitutes a family and how insurers and other financial services firms may want to consider these new family configurations as a targeted segment. In the U.S., the LGBTQ community numbers over 21 million individuals with $965 billion in spending power. Recent research suggests that same sex couples in the U.S. are more affluent than heterosexual couples, with median annual household incomes (AGI) of $102,020 vs $77,790 among heterosexual couples.In the EU, we are starting to see similar trends. Overall, the EU LBGTQ community numbers 33 million with almost $1 trillion of spending power.1    Despite gains in marriage equality and progress in other anti-discrimination/equalization measures, in many countries, including the US, there are related laws and regulations that have yet to be updated to take into account the evolving nature of families.  As a result, in addition to traditional insurance and financial planning advice, these families (and the larger LGBTQ community) require thoughtful planning and advice to address issues including, but not limited to, estate planning, parental rights, adoption, divorce, and child custody, as well as business related issues such as ownership transfers, succession planning and preservation of minority-owned business preferences, etc.  The specific issues may vary by country. Providing trusted advice and customer centric solutions to this segment is still a largely untapped market in the U.S. and many EU countries.  The LGBTQ market is a great opportunity for firms to create shareholder value while demonstrating value to their customers and enhancing long-term relationships. At Global Diversity Marketing (GDM) we are...
Are European Insurers Missing the Women’s Market?

Are European Insurers Missing the Women’s Market?

Very often insurers outside the U.S. approach the women’s market from a product perspective; e.g., specialized health products addressing typical female cancers and other situations. But maybe insurers are missing some key value attributes of the women’s market.  In the EU, for example, women’s buying exceeds € 2.6 trillion .  Women own more than 25% of all businesses; and, in recent years, account for over 30% of all new businesses established. The growing affluence of women, coupled with changing family roles, suggests that in addition to traditional insurance and financial planning advice, women may require thoughtful planning and advice to address specific issues.  Some of these issues include, but are not limited to, longer life expectancies than their male counterparts, addressing the impact of divorce on retirement planning and estate planning, estate planning, as well as business related issues such as ownership transfers, succession planning, preservation of women-owned business preferences, etc.  The specific issues may vary by country. Providing trusted advice and customer centric solutions to this segment is still a largely untapped market in the US and many EU countries.  The women’s market is a great opportunity for firms to create shareholder value while demonstrating value to their customers and enhancing long-term relationships At Global Diversity Marketing (GDM) we are focused on helping forward thinking firms understand and access the women’s market and other diverse segments globally. Visit our website at or email me at bob@gdmus.com to find out how we can assist you in growing your bottom line in diverse markets. ILOStat database (International Labor Organization) Eurostat database (European Commission) blog college justdomyhomework.com/ application – vicki shen...
Bob Zilg

Bob Zilg

BOB ZILG PRESS RELEASE By Janet Vitiello/May 24, 2017/News/ PRESS RELEASE: Global Diversity Marketing, Inc. (GDM) announced today that Bob Zilg has joined the firm as Head of International Markets. New York, NY – Bob Zilg, former MetLife International executive, has joined Global Diversity Marketing (GDM). Bob is a highly experienced insurance professional with almost 40 years of experience, over 20 years of which was with MetLife’s international operations. Bob’s most recent assignment was as Head of Strategy & Planning for MetLife’s Europe, Middle East and Africa (EMEA) Region. He currently serves as a Strategy & Business Development Advisor to Blocksure, a Uk based InsureTech start-up, focused on block chain powered insurance solutions. Bob Zilg is most noted for his knowledge and experience with strategy, distribution, marketing, business development and creating and implementing strategic growth initiatives. Throughout his distinguished career in financial services, he held senior positions with MetLife International and MONY Financial Services Group division. “I am excited to join Global Diversity Marketing (GDM) as Head of International Markets. My passion for my entire career has been with sales and marketing strategy. GDM offers me the opportunity to use my knowledge and international experience to assess global companies and the diverse market segments that they need to serve. ” Tariq Khan, Founder and CEO of Global Diversity Marketing said, “We are proud to have Bob join our leadership team with his reputation in the industry, particularly in the global marketplace. Bob’s appointment is our further commitment and expansion to provide top tier diversity consulting in the international arena. ” Bob received a BA degree from St. Joseph’s College...
This is amazing- 52% Asian!

This is amazing- 52% Asian!

You must read this… New York City has 8 high level, very sought after high schools. Each year, thousands of high school juniors test and apply for these schools. Of the 5103 accepted students, 52% were Asians! Amazingly Asians only represent 9% of the total New York Student body! Conversely only 7% of Hispanics and 5% of African Americans (26% and17% respectively as a percentage of the total student population) were accepted by these top schools, Demographics of NYC Demographics of NYC Public School Students Students accepted by 8 Specialty Schools 42% White…………………………………………………….28% White 26% Hispanic…………………………………………………7% Hispanic 17% African American…………………………………….5% African American 9% Asians……………………………………………………52% Asian Two take aways. While a very small percentage of the total population, Asians continue to excel. Second, the lack of Hispanic and African American students theses specialty schools accept continue to point to the diversity challenges both academia and businesses continue to confront. Copland’s music was infused with the folk and jazz idioms of paper writer...
Warren Buffett’s ABC Concept and Diversity

Warren Buffett’s ABC Concept and Diversity

Warren Buffett stays away from investing in companies that demonstrate any of the ABCs – Arrogance, Bureaucracy, and Complacency. Here’s how visionary leaders embrace the notion of diverse markets and fight the ABCs. Arrogance: “My company is doing great but I can see how quickly businesses can be disrupted. Uber and Airbnb with just an app, are dominating the transportation and hospitality industries. I need to continue to drive my team to embrace what’s next.” Bureaucracy: “As my company has grown I have made it a passion to keep the organization flat, to be closer to the customer. In the 10 major cities where my firm markets, Caucasians are now the minority. If I had multiple layers leading to the customer we would not be able to embrace and then leverage the exploding diverse markets.” Complacency: “I am 55 years old and I have seen other CEOs try to coast into retirement. We’ve embraced the Black, Asian, and Hispanic American markets 3 years ago. 41% of our new business is now generated from these markets!” To help your firm fight the ABCs of business please contact me at 516-381-9879 and visit our website at www.gdmus.com August 2015 rubrik nachrichten, wissen hinterlasse wettbewerb philosophischer essay einen kommentar vorlesen...