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Recognition Experts Explain When to Present Trophies or Personalized Awards in Manassas, VA

Oct 26, 2020

October 27, 2020 - /PressAdvantage/ - Manassas, VA. – Awards are given out to mark accomplishments, but so are trophies. Many wonder how can one tell which would be most appropriate when it comes to recognizing an accomplished individual. Award Crafters, experts in personalized awards in Manassas, VA as well as trophies, is offering their community some guidelines in knowing when to preset each. They understand the difficulties that come along with deciding what should be presented to the person of honor. The answer to whether a trophy or award is most appropriate in each situation is dependent on the type of accomplishment being recognized. Trophies are typically presented after an individual or team has won a contest. A contest refers to an event with a competitive environment with high stakes to win. This could be anything from a sales competition between employees to a game of soccer. Simply put, a trophy is a good choice if the accomplishment being recognized was a one-time occurrence with clear criteria defining the winner. Awards, on the other hand, should be presented if the accomplishment being recognized is comprised of a set of positive actions that took place over a long period of time. In other words, an award is not typically given for a clear-cut, one-time victory; it is given for a less defined accomplishment that took a long time in the making. An example of this could be a department director of a non-profit organization whose hard work has significantly increased the organization’s success in the past year. There was no contest or defined competition previously implemented. The head of the organization simply wants to recognize the individual for working hard during the year and making many wise decisions that benefited the company– a set of positive actions. Keep in mind that these are only guidelines, the company says. They are not hard and fast rules. There are some situations where it does not make sense to give the winners of a contest a trophy, so they are presented with some type of award instead. Simply use these guidelines as a base while making the decision. When it comes to award ceremonies or other accomplishment-driven events, Award Crafters understands the importance of choosing the perfect item to present the accomplished individuals with. Award Crafters offers a wide selection of award options, as well as customized trophies. For more information, give them a call today at (703) 818-0500 or visit them online at www.awardcrafters.com. ###For more information about Award Crafters, Inc., contact the company here:Award Crafters, Inc.Jim Munden(703) 818-0500info@awardcrafters.com4449-C Brookfield Corporate DriveChantilly, VA 20151ReleaseID: 60039071

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kasko2go Open Source Solution Supports Profitability of European Auto Insurance

Oct 26, 2020

ZUG, SWITZERLAND, Oct 26, 2020 - Genadi Man, CEO of kasko2go, has announced that his company's advanced open source solution would be made available free of charge, to reduce the dramatic losses in the car insurance industry with a high-tech open source product. Speaking at this year's telematics trade fair (Leipzig, Germany, 6-7 October), kasko2go said it aims to make the business model of Swiss and foreign insurers "significantly more profitable" kasko2go has been developed and tested on more than 100,000 drivers in Europe. In Switzerland the software has been on the market for almost two years. The decision is to give the 900 European and Swiss motor vehicle insurance companies free access to telematics technology, enabling them to create Usage-Based-Insurance (UBI) products without high investment costs. kasko2go is aiming at real change and optimisation in the market. Potential to be developed The European motor insurance market has immense potential with revenues from motor insurance premiums of 135.3 billion euros in 2016*. In the same year, however, 103.5 billion euros were also paid out in insurance claims*. This means that 76.5% of the income from motor insurance premiums had to be spent on claims*. This explains the low margins of car insurers. Genadi Man explains. "Why do we offer an open source solution? With the kasko2go solution approach there is enormous potential to change the industrial landscape in the field of motor vehicle insurance. Annual revenues in Europe amount to around 130 billion euros. If you take into account the high loss ratio of 76.5%, you realise that this business is not profitable. Our goal is to change the car insurance landscape sustainably - in a positive way." Abolish an outdated business model Traditional car insurers still base their risks on archaic parameters such as age, origin and gender. However, these business models lead to a high loss ratio because they are based on retrospective data, such as events that have already occurred. kasko2go, on the other hand, relies on empirical, behavioural and location-related information. This innovative solution is able to develop a comprehensive risk for the individual risk of each driver. Low-risk drivers currently share the high costs of high-risk drivers. kasko2go's open source solution enables insurance companies to identify their risks in a targeted manner and to categorise them accordingly. This makes it possible to offer attractive premiums to low-risk drivers and create a portfolio with profitable policyholders. What the experts say Remo Weibel, Swiss Life Select for 25 years, 10 as CEO and Executive Boardmember, is an expert in financial products and serves on the Advisory Board of kasko2go. He says "For insurers, access to more behavioural data on motorists will help them to process claims more quickly and efficiently, to better understand the price of the risks they underwrite and to offer innovative new products and services to their current and new policyholders". Frederic Bruneteau, Managing Director of PTOLEMUS Consulting Group, combines expertise in connected mobility with strategy and market analysis to support clients in shaping future mobility. Published in insurance telematics, analytics and connected vehicles, he says "kasko2go is the first company in Europe to pursue the vision of an industry standard in insurance driver rating and to take the necessary steps to achieve this goal". *Source: Insurance Europe, "European Motor Insurance Markets", February 2019    About kasko2go AG Zug-based kasko2go is an innovative provider of insurance solutions that aims to promote a safe driving culture in society. With specially developed AI and telematic big data assessments Pay-As-You-Drive and Pay-How-You-Drive models, kasko2go reduces insurance premiums by up to 50%. Since April 2019, kasko2go and its insurance partner, Dextra Versicherungen AG, have been offering a revolutionary car insurance app in Switzerland, which calculates the premium according to individual driving behaviour. Visit www.kasko2go.com, register at https://twitter.com/kasko2go or see https://www.linkedin.com/company/kasko2go/. Genadi Man, kasko2go e: g.man@kasko2go.com, t: +41 79 852 12 30 Steinhauserstrasse 74, 6300 Zug, Switzerland

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