Walking in the corridors of the insurance world can be tough, more so with compliance. Insurance compliance, in simple terms, means following rules and policies that are set in place by the industry and its governing bodies. For insurers, brokers, and agents, remaining compliant is more than a legal responsibility; it is fundamental in maintaining …
Month: March 2025
When purchased, insurance provides security and flexibility for individuals. However, does it offer peace of mind when insurance companies deal with you unfairly? A common concern among policyholders is poor customer service—claims being denied or not being paid, as well as various other deceptive behaviors. In the situation that the insurer is acting unfairly, you …
In a world of informed, critical consumers, how a company communicates its beliefs can determine customer loyalty. Brands that want to build trust need to use ethical marketing, not just a term. Businesses are under pressure to open up, especially as social media promotes authenticity and accountability. This shift toward ethics is about connecting with …
The internet has revolutionised how people connect, share information, and conduct business, but its growth hasn’t been without challenges. With the vast expansion of the digital world comes an intricate web of legal and governance issues that demand attention. Internet law and governance cover a broad spectrum of legal frameworks and policies governing online activities. …
The General Data Protection Regulation (GDPR) stands as one of the most significant data privacy and security laws worldwide. Enforced by the European Union (EU) in May 2018, GDPR focuses on giving individuals greater control over their personal information while holding businesses accountable for how that data is collected, managed, and used. Although it originated …
Business ethics refer to the principles that businesses follow to operate fairly and transparently, adhering to consumer protection laws while avoiding deception. Business ethics involves striking an equilibrium between moral theories, legal frameworks, and practical business strategies in their operations. Begin your article with an engaging headline that immediately draws readers in and keeps them …
Sustainability and business ethics may seem like buzzwords; however, their importance in business has only grown over time. Sustainability refers to businesses’ recognition of their role within society, specifically that they must fulfill social, environmental, and economic responsibilities for long-term prosperity. 1. Boost Customer Loyalty Sustainability practices lead to improved profits, reduced costs, higher employee …
Ethical sourcing refers to when your company purchases its products from suppliers who abide by ethical standards, including treating workers fairly and limiting environmental impacts. Why does ethical sourcing matter? With consumers demanding more sustainably sourced goods, businesses must make ethical sourcing their top priority. 1. Environmental Sustainability As natural resources around the world are …
Workplace ethics involve being held responsible for one’s actions, acting openly, and upholding your values—aits that can be fostered through creating an inclusive company culture and employing effective leadership practices. Kouchaki and Isaac Smith assert that it’s vitally important for managers to provide ethical training that goes beyond simply outlining ethical dos and don’ts; such …
Assuming ethical decisions can be a challenging endeavor for even those of the highest integrity; even they can be affected by influences in their environment and upbringing. Just like any skill, ethics can be learned and practiced. This guide will help you comprehend and implement a system for making ethical decisions—one that takes into account …