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Grinnell Mutual named 2021 Gallup Exceptional Workplace Award winner

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“Grinnell Mutual is a company that actually lives its core values and treats its employees as what they truly are: the most important factor in all of our business successes,” Vogts said.

Grinnell Mutual has received the 2021 Gallup Exceptional Workplace Award (GEWA). The award recognizes the most engaged workplace cultures globally.

By connecting employee engagement to every aspect of their culture, these organizations fuel the motivation and innovation that drive business results far beyond their competition around the world, and give people what they really want from their careers and lives: belonging, learning and growth, recognition, a great manager, and the opportunity to do what they do best every day.

In a year filled with unprecedented challenges ranging from the COVID-19 pandemic and civil unrest to one of Midwest insurers’ most destructive and costly weather events, the Aug. 10, 2020 derecho, Gallup found that Grinnell Mutual demonstrated extraordinary commitment to its employees and its corporate culture.

“In 2020, organizational cultures saw historic threats. It took an exceptional amount of resilience for organizations, and their employees, to make it through,” said Jim Harter, Gallup’s chief scientist of workplace management and wellbeing. “The abundance of well-managed and highly inspired teams inside Gallup Exceptional Workplace Award-winning organizations puts them in a particularly strong position to adapt quickly to meet the needs of their customers.”

Jeff Vogts, Grinnell Mutual’s vice president of Talent Development, said the company’s culture of trust and respect has always been a draw for potential talent.

“Grinnell Mutual is a company that actually lives its core values and treats its employees as what they truly are: the most important factor in all of our business successes,” Vogts said.

“The deep commitment we have to our employees and keeping the promises we make to customers is fundamental to the way we do business. How we rose to the challenges of 2020 and emerged not only whole, but even stronger as both an employer and an insurer, confirmed what we have always known,” he said. “If you build a business around doing what’s right — for the company, the customers, and each other — not only does employee engagement reflect that, the bottom line does, too.”

For GEWA winners, the ratio of engaged employees to actively disengaged employees is 14 times higher than the international average, at 73 percent. Worldwide, only 22 percent of employees are engaged and committed to their work and connected to their workplace. Just 39 percent of employees in the U.S. workforce are engaged.

“It’s amazing what can be accomplished when you have a collective vision and purpose. Throughout the pandemic, and in the face of the devastating Midwest derecho, our staff remained focused on protecting each other and providing outstanding customer service,” said Grinnell Mutual President and CEO Jeff Menary. “They truly care about their company, their customers, their communities, and their co-workers. I believe the work and successes of our employees during 2020 is the model of how businesses should operate for decades to come.”

Gallup’s meta-analysis on team engagement and performance is the most comprehensive workplace study ever conducted, with data on more than 2 million employees in 276 organizations across 54 industries and 96 countries.

Organizations with highly engaged employees significantly outperform their peers in important business outcomes, including customer ratings, profitability, productivity, turnover, safety incidents, shrinkage, absenteeism, quality, wellbeing, and organizational citizenship.

See all the 2021 winners here.

About Grinnell Mutual

Grinnell Mutual, in business since 1909, is the 108th-largest property-casualty insurance company in the United States and the largest primary reinsurer of farm mutual companies in North America. Its products are available in 17 states.

For more information please contact:

Jennifer Miller

Integrated Marketing Manager

marketing@grinnellmutual.com or jennifer.miller@grinnellmutual.com
641-269-8322

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.prweb.com/releases/grinnell_mutual_named_2021_gallup_exceptional_workplace_award_winner/prweb17807770.htm

Blockchain

Bubble or a drop in the ocean? Putting Bitcoin’s $1 trillion milestone into perspective

Bitcoin is relatively small compared to stocks and real estate, and those holders might reinvest dividends in other assets.

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On Feb. 19, Bitcoin’s (BTC) market capitalization surpassed $1 trillion for the first time. While this was an exciting moment for investors, it also concerned investors that the asset is in a bubble.

Although a handful of listed companies ever achieved this feat, unlike gold, silver, and Bitcoin, stocks potentially generate earnings, which in turn can be used for buybacks, dividends, or developing additional sources of revenue.

On the other hand, as Bitcoin adoption increases, those same companies will likely be forced to move some of their cash positions to non-inflatable assets, ensuring demand for gold, silver and Bitcoin.

In fact, data shows that diversification between Bitcoin and traditional assets provides better risk-adjusted performance for investors, which is getting increasingly difficult for companies to ignore.

Bitcoin continuing to push above the trillion-dollar mark is also easy to overlook until one compares it to the market cap of other significant global assets. To date, less than ten tradable assets have achieved this feat.

World’s 20 most profitable companies. Source: fortune.com

As depicted above, the world’s 44 most profitable companies combined generate more than $1 trillion in earnings per year. One must keep in mind that stockholders might as well reinvest their dividends into equities, but some of it might end up in Bitcoin.

$1 trillion is small compared to real estate markets

Corporate earnings are not the only flows that may trickle into scarce digital assets. Some analysts estimate that part of the real estate investment, especially those yielding less than inflation, will eventually migrate to riskier assets, including Bitcoin.

On the other hand, current holders of lucrative real estate assets might be willing to diversify. Considering the relatively scarce assets available, stocks, commodities, and Bitcoin are likely the beneficiaries of some of this inflow.

Global real estate markets. Source: visualcapitalist.com

According to the above chart, the global agricultural real estate is valued at $27 trillion. The U.S. Department of Agriculture estimates a return on farm equity at 4.2% for 2020. Albeit very raw data, considering there are multiple uses for agricultural real estate, it is quite feasible that the sector generates over $1 trillion per year.

As recently reported by Cointelegraph, there are 51.9 million individuals worldwide with $1 million or higher net worth, excluding debt. Despite representing only 1% of the adult population, they collectively hold $173.3 trillion. Even if those are unwilling to sell assets in exchange for BTC, an insignificant 0.6% annual return is enough to create $1 trillion.

If there’s a bubble, Bitcoin is not alone

These numbers confirm how a $1 trillion market capitalization for Bitcoin should not be immediately considered a bubble.

Maybe those Bitcoin maximalists are correct, and global assets are heavily inflated due to a lack of scarce and secure options to store wealth. In this case, which doesn’t seem obvious, a global-scale asset deflation would certainly limit BTC upside potential. Unless they somehow think a cryptocurrency can extrapolate global wealth, which seems odd.

Back to a more realistic worldview, the above comparison with equities, agricultural real estate, and global wealth also confirms how insignificant Ether’s (ETH) current $244 billion capitalization is, let alone the remaining $610 billion in altcoins.

Assuming none of the corporate profits or real estate yield will be allocated to cryptocurrencies seems unlikely. Meanwhile, a mere $100 billion annual inflow for Bitcoin is five times higher than the $20.3 billion newly-minted coins per year at the current $59,500 price.

For example, $100 billion flowing into Bitcoin would only be 5% of the $1 trillion yearly corporate dividends and 5% from global wealth or agricultural real estate returns. Even though the impact on gold’s $11 trillion market capitalization would be negligent, such allocations would certainly play a vital role in Bitcoin’s path to becoming a multi-trillion dollar asset.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/bubble-or-a-drop-in-the-ocean-putting-bitcoin-s-1-trillion-milestone-into-perspective

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Crowdfunding

LendInvest Teams Up with Credit Kudos to Improve Underwriting Process via Open Banking

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LendInvest has teamed up with Credit Kudos in order to improve the underwriting process via Open Banking.

Through the partnership, LendInvest and Credit Kudos will aim to provide brokers and clients a more accessible and secure service. The initiative also aims to enable LendInvest with making more informed lending-related decisions with the help of Open Banking insights.

LendInvest is a technology-focused property finance Fintech specialized in providing property developers a more intuitive and flexible way to gain access to commercial property finance. The company chose Credit Kudos to improve its time-to-decision with a seamless customer experience and to enhance affordability and credit risk assessments via Open Banking-powered risk insights.

Unlike the typical credit assessment providers, Credit Kudos leverages Open Banking data to offer a holistic, up-to-date view to lenders of a business or company’s financial situation. By leveraging bank transaction information and loan outcome details, it offers key insights to assist lenders with making informed credit-related decisions.

Credit Kudos’ tech supports a more seamless experience for customers and lenders. It aims to remove the requirement to manually upload business documents, and it also allows lenders to automate many parts of the underwriting assessment process.  LendInvest reports that it experienced a 50% reduction in overall assessment times.

Open Banking insights have also assisted LendInvest with offering its products to clients it was not able to work with before. These customers include self-employed and sole traders who might not have traditional or more typical income patterns. This seamless, quicker application process has also provided a 26% increase in Open Banking-related conversion rates after launching last month.

Arman Tahmassebi, COO of LendInvest, stated:

“Getting rid of the manual documentation process has allowed us to offer a far faster and more convenient service. Although we have been using Open Banking for two years, this new partnership with a like-minded fintech has allowed us to take it to the next level and really reap the benefits of the technology. The greater insights are empowering us to make better informed, faster lending decisions to more people. We have been particularly impressed with the seamless integration of Credit Kudos into our system – the new dashboard is highly intuitive and it’s already helping us serve more customers.”

Freddy Kelly, Founder and CEO at Credit Kudos, remarked:

“Like LendInvest, we are committed to making credit applications smoother and fairer for both the lender and applicant, so this partnership is a natural fit. Open Banking technology is transformative for lenders who want to make smarter and faster decisions to better serve their customers. With our technology in place, lenders can automate the underwriting process and get a far more accurate picture of an applicant’s true financial position. It not only helps them lend responsibly but also opens up their service to underserved customers who may not have traditional income patterns, such as sole traders.”

Credit Kudos’ tech is completely integrated within LendInvest’s application process for buy-to-let mortgages. It will be launched along with integrations within other services in the foreseeable future.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/04/173847-lendinvest-teams-up-with-credit-kudos-to-improve-underwriting-process-via-open-banking/

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Real Estate

Compass CEO hails IPO as a fundraising event amid ‘challenging’ market

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While several tech companies are opting to delay their IPOs in the face of less-than-enthusiastic market demand for their shares, real estate tech company Compass forged ahead and went public today. After pricing its shares at $18 apiece last night, the low end of a lowered IPO price range, Compass shares closed the day up just under 12% at $20.15 apiece.

TechCrunch caught up with Compass CEO and founder Robert Reffkin to chat about his company’s debut in the market’s suddenly choppy waters for tech and tech-enabled debuts.

Regarding whether Compass is a tech company or a real estate brokerage, Reffkin — who raised the comparison himself — used the opportunity to note that companies like Amazon or Tesla aren’t only one thing. Amazon is a logistics company, an e-commerce company, a cloud-computing business and a media concern all at the same time. Price that.

The argument was good enough for Compass to sell 25 million shares — a lowered amount — at its IPO price for a gross worth $450 million. That, the CEO said, was his company’s goal for its public offering.

Sparing TechCrunch the usual CEO line about an IPO not being a destination but merely one stop on a longer journey at that juncture, Reffkin instead argued that putting nine figures of capital into his company was his objective, not a particular price or resulting valuation.

That might sound simple, but as Kaltura and Intermedia Cloud Communications have pushed their IPOs back, it’s a bit gutsy. Still, if financing was the key objective, Compass did succeed in its debut. It was even rewarded with a neat little bump in value during its first day’s trading.

Reffkin did confirm to TechCrunch what we’ve been reporting lately, namely that the IPO market has changed for the worse in recent weeks. He described it as “challenging.”

So why go public now when there is so much capital available for private companies?

Reffkin cited a few numbers, but centered his view around having what he construes as the “right team” and the “right results.” We’ll get a bit more on the latter when Compass reports its first set of public earnings.

For now, it’s a company that braved stormier seas than we might have expected to see so soon after a blistering first few months of the year for IPOs.

And because I would also bring her along if I ever took a company public, here’s the company’s founder and CEO with his mother:

Image Credits: Compass

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/04/01/compass-ceo-hails-ipo-as-a-fundraising-event-amid-challenging-market/

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Private Equity

Special situations investor RoundShield beats €200m goal for first pure real estate PE fundraise

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Special situations investor RoundShield Partners has picked up more than €200m to close its first pure real estate pri

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.altassets.net/private-equity-news/by-region/europe-by-region/western-europe-europe-by-region/special-situations-investor-roundshield-beats-e200m-goal-for-first-pure-real-estate-pe-fundraise.html

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