Business

Jackson Financial Secretly Talks with Gefen International

Published

3 years ago

February 24, 2022

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.

Business

This Skincare Tech Startup Is Changing the Face of Beauty

Published

1 week ago

September 24, 2024

Rosario Farell

People want healthy skin to look and feel their best, which also means they want products that deliver visible results. Despite technological advancements, many consumers still grapple with common skin concerns like wrinkles, dark spots, and acne. The market is flooded with products promising miraculous results, yet few deliver. This is where Solawave comes in.

A leader in skincare technology, Solawave is redefining healthy skin by making advanced skincare accessible and effective. Solawave offers a transformative solution to common skin problems by combining cutting-edge technology with a sleek design. Their flagship product, the Radiant Renewal Red Light Therapy Wand, has taken the beauty industry by storm.

The Problem: Limited Access to Effective Skincare Solutions

Many topical treatments fail to deliver lasting results, and professional office treatments are often expensive and inaccessible. Solawave addresses this by offering high-quality, affordable skincare tools that provide spa-like results at home, ensuring professional care is available to everyone.

The Solution: Solawave’s Unique Approach

One example is the Solawave Wand, which integrates four potent technologies into one: red light therapy, galvanic current, therapeutic warmth, and massage to improve skin tone, texture, and overall appearance, merging professional-quality treatments with the convenience of at-home use for a modern, intuitive skincare experience. This revolutionary multi-modality tool offers a complete solution that saves time and money by addressing several skin issues simultaneously.

The Story Behind Solawave

Andrew Silberstein founded Solawave after battling severe acne his entire life. Andrew learned about the advantages of red light therapy after experimenting with a variety of therapies, including Accutane, which is often very harsh on the skin. However, he discovered that red light office treatments were expensive and other treatments like chemical peels were painful and inconvenient.

Andrew set out to find a solution that combined the comfort of at-home use with the success of expert treatments to make effective and affordable skincare more accessible.

Unique Products and Services

Solawave offers a wide range of skincare products, including at-home red light therapy, all of which are designed to address skin issues safely and effectively. Their Radiant Renewal Wand is a multiple award-winning tool that revitalizes the skin and supports healthy collagen while diminishing the appearance of wrinkles, dark spots, puffiness, and blemishes.

Solawave distinguishes itself from other skincare companies by embracing core values that drive its success, including:

Modern Technology: Proprietary technologies provide more thorough and structured skincare treatments by combining many modalities into a single device.

Accessibility: Solawave makes advanced skincare available to everyone by providing professional-grade equipment at a reasonable cost.

User-Friendly Design: Products are designed to be simple and comfortable, encouraging regular usage and improving outcomes.

Customer-Centric: Customer input is used to create and improve products on a consistent basis. According to Solawave reviews, it’s clear that customers feel heard and valued by the company.

Since its founding in 2020, Solawave has gained an excellent reputation in the skincare industry. The Radiant Renewal Wand is one of the most popular skincare tools on the market, and the brand has earned over 20 honors for its innovative and effective products.

Dermatologists and plastic surgeons who have endorsed Solawave products attest to the company’s success and dependability of its products. With more than 700,000 satisfied clients, the business has become a celebrity go-to for skincare, and prominent retailers, including Ulta Beauty, Nordstrom, Neiman Marcus, and Goop, are now carrying the company’s products.

The Future of Solawave

Solawave aims to make high-quality, affordable skincare equipment accessible to customers worldwide. In addition, they are committed to expanding their product line to include spa-quality at-home skincare solutions, such as body care items, that bring professional results into everyday routines.

Red light therapy devices are changing at-home skincare regimens, and Solawave is well-positioned to maintain its leadership position in skincare products because of its dedication to practical design, competitive pricing, and tangible outcomes. Their technology and equipment can help improve your skincare routine, regardless of whether you’re suffering from issues with your skin, a skincare fanatic, or looking for anti-aging therapies.

Visit the Solawave website today and embrace the future of skincare.