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Zurich Asia Holdings Ltd agreed to sell its stake in Malaysian insurer MCIS Zurich Insurance Bhd for RM304 million. The stake represents 40 per cent of the total issued and paid-up share capital of MCISZ, said Zurich Insurance Group in a statement released in Hong Kong today.
Upon completion of the sale, which is expected to take place on May 5, 2014, the gross sale proceeds to be realised by Zurich will be RM304 million, it said. In addition, it allows the company to focus exclusively on the development of its wholly-owned subsidiary Zurich Insurance Malaysia, and resolves any customer confusion arising from the fact that the Zurich brand has been carried, since the middle of 2012, by two separate companies. In 2011, Zurich acquired 100 per cent of the total issued and paid-up share capital of the life and general insurer MAA and subsequently renamed it Zurich Insurance Malaysia Bhd in 2012. The acquisition combined MAA’s strong local heritage and market position with Zurich’s global insurance expertise.
Zurich Insurance Group is a leading multi-line insurer that serves its customers in global and local markets. Zurich Insurance, the $74bn general insurance company, is turning to augmented reality smartphone apps to help its managers improve their coaching, project management and people management skills. By submitting my Email address I confirm that I have read and accepted the Terms of Use and Declaration of Consent.
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You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy. The company aims to harness the capabilities of augmented reality to train 10,000 employees in 170 countries in the key skills needed by the next generation of managers in 2016. Zurich, which is making a multi-million investment in learning technology, is developing mobile phone apps that will track a managera€™s training and direct them to materials tailored to their style of learning. The technology is expected to come into its own during classroom-based training sessions, when managers will be able to point their phones at a poster or a a€?learning carda€? that could take them to a video, an online training course, or a book that could offer more in-depth information.
In one prototype application, drivers can point their phones at an SOS Card on their dashboard to receive immediate help if they are involved in an accident.
The app will be able to assist them in finding a garage and a lawyer, and record details of the other party.

The learning project was partially inspired by Google, which used data analytics to answer the question on what makes a good manager and came up with a list of key skills. Zurich Insurance then went through its own exercise to identify what eight attributes define a great manager.
Neubauer secured an initial investment of 80,000 Swiss francs (about £55,000) a year from Zurich's group communication and marketing department to kick-start the work. But he realised he needed a wider business case if he was to persuade the company to invest seriously in augmented reality. Neubauer set up a demonstration booth at the companya€™s 2015 leadership conference in Rome, attended by 500 senior leaders.
The exhibit showed demonstrations of how augmented reality could be used, not just in training, but in marketing, and to help car insurance policy holders who may have been involved in an accident. One of the demonstrations, for example, showed how consumers could point a phone at a Zurich Insurance poster, and automatically be presented with a video offering more information. The idea also attracted the attention of Zurich Insurancea€™s IT department as a potential way of reducing calls to the IT help desk. Zurich carried out a small-scale trial with 80 licences from Aurasma, a company which develops augmented reality applications for mobile phones.
The insurer plans to roll the technology out company-wide over the summer, starting with internal applications before moving on to develop augmented reality applications for consumers.
Telecoms company Talk Talk is providing managers with accurate information after replacing seven HR IT systems with a single, cloud-based service.
Swarovski Corporationa€™s decision to use a cloud human resources (HR) system expresses its desire to move HR from an operational function to a strategic level. It is evaluating five potential suppliers for a learning management system that will link to Zuricha€™s SalesForce platform, to provide learning resources across the company. The system will offer a combination of traditional learning through books, videos and classrooms, as well as digital learning through social media platforms such as Yammer, said Neubauer.
Deploying augmented reality technology across Zurich, which has operations in 170 countries and has to meet a wide range of financial compliance regulations, was not straightforward, Neubauer revealed.
The system, which is due to go live in October 2015, will provide a rapid payback said Neubauer.

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You can program an app to take a picture of the car accident, and immediately start the claims process. I needed 22 people just for compliance, plus the digital app guys and the tech guys,a€? he said. Internal feedback shows that between 30% and 40% of managers do not believe they have received the right training for their role.
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If you have super straight hair you may choose this hairstyle and can also go for razor cuts bangs for a more seductive look. They can point a phone at a poster and get more information on coaching, for example,a€? said Neubauer.
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