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Open Insurance
Open is an embedded finance company that builds and manages infrastructure for the global insurance industry. It is based in Sydney, Australia and Auckland, New Zealand. The company primarily offers embedded insurance products that are managed with application programming interfaces (APIs). These products are embedded and offered to the customers of telecommunication, energy, travel, banking and retail companies. History Open (Open Insurance Pty Ltd) was founded in Australia during June 2016 by British expats Jonathan Buck and Jason Wilby. The pair initially launched a consumer brand Huddle with the aim of challenging traditional financial services in Australia and offering a transparent and technology driven model for consumers. Early products were based on the concept of the peer economy, with the aim of reducing the cost of financial products such as loans and insurance in Australia. In April 2017 the company became a certified B Corporation, to verify that the company ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Sharing Economy
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services. It can be facilitated by nonprofit organizations, usually based on the concept of book-lending libraries, in which goods and services are provided for free (or sometimes for a modest subscription) or by commercial entities, in which a company provides a service to customers for profit. It relies on the will of the users to share and the overcoming of stranger danger. It provides benefits, for example can lower the GHG emissions of products by 77%-85%. Origins Dariusz Jemielniak and Aleksandra Przegalinska credit Marcus Felson and Joe L. Spaeth's academic article "''Community Structure and Collaborativ ...
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Slingshot (ISP)
Slingshot is the fourth largest telecommunications company in New Zealand. It has an approximately 16% market share of the New Zealand fixed telephone landline and residential broadband market. There are 300+ employees who all work in Auckland CBD. History Slingshot was founded in 1996 by Malcolm Dick and Annette Presley. The company was established as part of the CallPlus group of companies to provide residential customers with internet and toll calling services. In 2016, M2 Group and Vocus Communications merged, forming Vocus Group, and in July 2017 CallPlus was rebranded to Vocus Communications. On 1 June 2022, Vocus Group merged with telecommunications company 2degrees. Activities * 2013 – Launched New Slingshot "Global Mode", Free on all Slingshot Broadband connections * 2013 – Sponsored TV3's new flagship current affairs show "3rd Degree" * 2012 – Finalist at the World Forum Broadband Awards in Amsterdam, for Broadband Unlimited * 2012 – Launched Rollov ...
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Polestar
Polestar is a Swedish automotive manufacturer that produces electric cars. Principally owned by Li Shufu's PSD Investment, Geely Holding and Volvo Cars, the company is headquartered in Torslanda, outside Gothenburg, Sweden. With an "asset-light" approach in development and manufacturing, Polestar does not have its own manufacturing facility, instead it produces cars in facilities controlled by Volvo or Geely in several countries, including China, the United States, and South Korea. The brand originated from Flash Engineering, a Swedish motorsport team established in 1996 that competed in the Scandinavian Touring Car Championship. In 2005, the team was sold then rebranded to Cyan Racing, Polestar Racing, which later operated a production car tuning division called Polestar Performance AB. In July 2015, the Polestar brand was acquired by Volvo Cars, which repositioned the brand as an electric vehicle manufacturer since 2017. The racing team was then rebranded to Cyan Racing, whi ...
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Telstra
Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets related products and services. It is a member of the S&P/ASX 20 stock index, and is Australia's largest telecommunications company by market share. Telstra has a long history in Australia, originating together with Australia Post as the Postmaster-General's Department upon Federation of Australia, federation in 1901. Telstra had transitioned from a state-owned enterprise to a fully Privatization, privatised company by 2006. History Australia's telecommunications services were originally controlled by the Postmaster-General's Department (PMG), formed in 1901 as a result of Australian Federation. Prior to 1901, telecommunications were administered by each colony. On 1 July 1975, separate commissions were established by statute to replace the PMG. Responsibility for postal services was transferred to the Australian Postal Commission (Australia Pos ...
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Hollard Group
Hollard Group is a privately owned insurance group based in South Africa that operates under two insurance licences: short term and life. The company was established in 1980 by Robert Enthoven, and the Enthoven family retains the majority share, locally through The Enthoven Family Trust (EFT) and internationally through Capricorn Ventures International (CVI). History Hollard was founded in 1980 by Robert Enthoven and his son Patrick Enthoven. In 1985, Patrick moved to California to work in the insurance business there. ''Etana Insurance'', launched in April 2008, was South Africa's only insurer to exclusively insure businesses. It was co-owned by Hollard (49.9%) and Etana Holdings (50.1%). More than 40% of Etana's management team was black in keeping with the company's commitment to racial equality. It was re-acquired by Hollard in 2013, and formed a division called Hollard Broker Markets. The firm is known for the development of selling prepaid insurance, sold in cellphone-like ...
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Richard Enthoven
Richard Enthoven (1937 – 2 December 2022) was a South African billionaire businessman who was the owner of the casual dining chain Nando's, the Hollard Group of insurance companies, and Spier Wine Farm. Early life Richard Enthoven was the son of Robert Enthoven, a South African entrepreneur who "amassed an insurance fortune", with his company Robert Enthoven Insurance Brokers. Business interests The Enthoven family owns Nando's casual dining chain, Spier Wine Farm and the Hollard Group of insurance companies. The family has a material ownership stake in the Telesure Group. In March 2015, ''Bloomberg'' estimated his net worth at US$1.1 billion. Personal life and death Enthoven had three children; Robby, Adrian, and Mariota. Robby Enthoven Robert Adrian Graham Enthoven is a South African businessman, managing director of the casual dining chicken chain, Nando's. Robert Adrian Graham Enthoven has South African nationality. He is the son of the billionaire owner of Nando's ...
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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New Zealand
New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of island countries, sixth-largest island country by area and lies east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The Geography of New Zealand, country's varied topography and sharp mountain peaks, including the Southern Alps (), owe much to tectonic uplift and volcanic eruptions. Capital of New Zealand, New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and subsequently developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. ...
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Travel
Travel is the movement of people between distant geographical Location (geography), locations. Travel can be done by Pedestrian, foot, bicycle, automobile, train, boat, bus, airplane, ship or other means, with or without Baggage, luggage, and can be one way or round trip. Travel can also include relatively short stays between successive movements, as in the case of tourism. Etymology The origin of the word "travel" is most likely lost to history. The term "travel" may originate from the Old French word ''travail'', which means 'work'. According to the Merriam-Webster dictionary, the first known use of the word ''travel'' was in the 14th century. It also states that the word comes from Middle English , (which means to torment, labor, strive, journey) and earlier from Old French (which means to work strenuously, toil). In English, people still occasionally use the words , which means struggle. According to Simon Winchester in his book ''The Best Travelers' Tales (2004)'', ...
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