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Jackson Financial Secretly Talks with Gefen International




According to industry sources familiar with the matter, Jackson Financial Inc., a publicly traded (NYSE: JXN) Life Insurance Company based in the US, is secretly involved in high level discussions with Australia’s Insurtech company, Gefen International A.I. (ASX:GFN), an Australian publicly traded insurance tech corporation. 

Although details of the talks have not been disclosed, sources close to the matter reveal that Jackson has been looking over the past year to adopting advanced insurance technology aka ‘insurtech’ as a crucial component of their long term growth strategy.    

What Does Gefen’s Technology Offer Jackson? 

Gefen’s online platform ‘Moments’, was designed to disrupt this traditional financial and insurance ecosystem. This includes improving customers, the agents/advisors, and the carriers (such as Jackson Financial) access to critical data. The platform does not aim to replace agents in the sales process, as it sees them as being essential component to improve the service process.

Gefen Technologies ‘Moments’ is a highly compliant platform that can be leveraged by Jackson’s agents and advisors, and includes tools like sales and marketing, and messaging that would otherwise not been available to them via traditional means.

The Moments platform basically connects consumers, carriers, and advisors within a network, and automates their interaction. The technology analyses customers’ digital journey as well as their data, and provides automated insights, based on previous purchases which are converted  into potential buying preferences. 

The technology analyses data such as how much time customers spend on specific website pages, and how they have reacted to various offers that have been made to them in the past. This data is invaluable and provides advisors with a lot of information about customers prior to seeing them in person.

As a result, should a deal be signed, industry insiders concur the platforms ability to allow Jackson’s advisors the option to offer more relevant products to their customer database and increase revenue while reducing overall operating costs.

Jackson Financial Business – $362 Billion in Assets  

As of December 31, 2020, Jackson Financial reported $362 billion in assets under management and was managing more than three million policies. Jackson has headquarters in Lansing, Michigan, with additional regional offices in both Chicago, Illinois and Franklin, Tennessee. The subsidiaries of the insurance company are licensed to distribute insurance products in the District of Columbia and all 50 U.S. states. 

Jackson Financial Inc. demerged from Prudential plc in 2021 to form two separately-listed companies. Since the demerger from Prudential, Jackson’s growth has been stymied and this is reflected in their stock price dropping steadily.

In Mar 2021, Fitch Ratings affirmed Jackson Life Insurance’s Insurer Financial Strength (IFS) Ratings at ‘A’. Fitch however also affirmed a ‘BBB+’ Issuer Default Rating (IDR) assigned to Jackson Financial, Inc. The Outlook was revised from Negative to Stable for all ratings.

The revised Outlook from Negative to Stable mirrors Fitch’s stance that the pandemic’s economic impact on Jackson would be limited, especially as equity markets seem to have returned to normalized volatility. Although there is still the potential for modest credit impairments, Fitch forecasts that both capital and earnings will exceed, or stay in line with rating expectations. Longer-term worries still include the possibility for historically low interest rates that have persisted for several years.

Jackson’s financial performance, measured on both a statutory and GAAP accounting basis, is still strong although the earnings profile of the company is susceptible to pressures associated with a continued low interest rate environment and equity market performance.

According to various industry insiders and financial analysts, a potential Jackson Financial (NYSE: JXN) and Gefen International (ASX:GFN) collaboration is expected to be announced during Jackson’s fourth quarter results webcast conference scheduled on March 3, 2022.  

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Choosing a Reliable Roofing Contractor: 10 Questions to Ask




The durability and safeguarding of your home are heavily reliant on the state of your roof. Whether you’re confronted with repairs, a full replacement, or the installation of a new roof, the selection of the perfect roofing contractor holds paramount significance. Determining whether you’re selecting the best option among the abundance of choices available can be difficult. In order to help you with this crucial decision-making process, we have painstakingly put together a list of 10 crucial inquiries to ask potential roofing contractors.

1. Are You Licensed and Insured?

Verify the contractor’s eligibility to operate in your locality by scrutinizing their credentials, and be sure to demand evidence of insurance. The significance of this step lies in its role as a protective shield, guarding you against potential liability should any accidents or property damage transpire during the course of the project.

2. How Long Have You Been in Business?

Experience matters in the roofing industry. Contractors with a long history of successful projects are often more reliable and capable of handling various roofing issues.

3. Can You Provide References?

In the process of choosing a contractor, it is imperative to request references from their previous clients. A trustworthy contractor will not only furnish you with a roster of contented customers but will also supply their contact details, affording you the opportunity to reach out directly and delve into their firsthand experiences. This direct feedback will provide invaluable insights into the contractor’s performance, professionalism, and dependability, empowering you to make a well-informed decision.

4. What is Your Specialty?

Roofing contractors may specialize in specific types of roofing materials or projects. Make sure they have experience with the type of work you need, whether it’s asphalt shingles, metal roofing, or commercial roofing.

5. Do You Offer Written Estimates?

To foster clarity and preempt potential misunderstandings, it is strongly advised to refrain from solely relying on verbal estimates. Instead, it is prudent to seek a thorough, written estimate that encompasses all critical facets of the project. This written estimate should include a complete analysis of the necessary materials, an estimate of labor expenses, and a clearly defined schedule outlining the project’s key checkpoints and the anticipated completion date. By employing this tactic, you can provide the groundwork for good communication and guarantee that all stakeholders are aware of the needs and parameters of the project.

6. What Warranty Do You Offer?

Inquire about the warranties they offer for both materials and workmanship when choosing a contractor. An honest and reliable contractor will always stand behind their work and provide thorough warranties that shield you from any potential flaws or problems that might develop later. These guarantees not only give you peace of mind, but they also show how dedicated the contractor is to producing top-notch outcomes and assuring your pleasure throughout the entire process. So, don’t hesitate to ask about the warranties and make an informed decision that gives you added confidence in your choice of contractor.

7. Do You Have Proper Permits and Documentation?

Ensuring that the contractor you hire will manage all the necessary permits and paperwork on your behalf is of utmost importance. This proactive approach not only conserves your valuable time and effort but also serves as a protective barrier against potential legal complications or entanglements that could surface down the road. By entrusting these responsibilities to a dependable contractor, you can enjoy peace of mind and dedicate your focus to other aspects of your project or business with unwavering confidence.

8. What Safety Measures Do You Have in Place?

Ensuring safety should always be a paramount concern when undertaking any roofing project. It is crucial to inquire about the contractor’s safety practices, which encompass not only the equipment they utilize but also the extent of their training. By doing so, you can help guarantee the well-being and security of all individuals involved in the project, fostering an environment that prioritizes safety above all else.

9. How Will You Handle Unexpected Issues?

When embarking on roofing projects, it’s essential to acknowledge that they can occasionally unveil unforeseen issues that were not initially apparent. Engaging in a candid conversation with your contractor regarding their contingency plans for addressing these unexpected challenges is of paramount importance. Furthermore, it is prudent to inquire about the potential extra expenses that might arise due to these unanticipated circumstances. Establishing a transparent understanding of how the contractor intends to manage such situations contributes to a more streamlined and prosperous roofing project.

10. What Is Your Timeline for Completion?

To maintain a seamless workflow, it’s essential to gain a thorough grasp of the project’s schedule. Delays can be a source of significant frustration, which underscores the importance of having a precise understanding of what lies ahead. This knowledge empowers you to plan and allocate resources with precision. Being well-informed about the project’s timeline enables you to anticipate and address any possible challenges or obstacles that may emerge, ultimately contributing to a more successful and efficient execution.

*Bonus Tip: Check Online Reviews and Ratings

Prior to reaching a final decision, it’s advisable to conduct an online review and rating check for the roofing contractor. Platforms such as Yelp, Google, and the Better Business Bureau can furnish valuable insights regarding their reputation and levels of customer satisfaction.

Selecting the appropriate roofing contractor is a momentous decision that holds the potential to influence the long-term structural soundness and overall value of your home. By posing these 10 critical questions and undertaking comprehensive research, you’ll be fully equipped to choose a dependable roofing contractor capable of delivering top-notch workmanship and providing you with peace of mind throughout your roofing project.

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