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CNP Assurances: Financial Indicators for the First Nine Months of 2012

PARIS, November 14, 2012 /PRNewswire/ --

Revenue: €19.4bn (down 14%)
Net insurance revenue: €2,283m (up 4%)
Recurring net profit: stable at €755m
Attributable net profit: €783m (up 42%)
Solvency capital: 2.54x required capital including unrealised gains
Further sales of peripheral euro zone sovereign debt securities

CNP Assurances, the leading personal insurer in France, with operations in the rest of Europe and in South America, has announced its revenue and results for the first nine months of 2012. These indicators were approved for publication by the Board of Directors at its meeting on 13 November 2012.

HIGHLIGHTS

  • Revenue down 14.1%, reflecting declines of 18.1% in Savings and 16.8% in Pensions:
    • France: down 10.4% in a market down 14.0% (like-for-like)
    • International: down 24.5% due to Southern Europe.
  • Net insurance revenue up 4.2%:
    • France[1] down 7.9%, reflecting non-recurring factors linked to falling interest rates
    • International[1] up by a healthy 12.9%
  • Recurring net profit stable at €755 million. Attributable net profit up 42.3% at €783 million, supported by favourable financial market conditions
  • Further reductions in peripheral euro zone sovereign debt assets:
    • French portfolio's gross exposure reduced to €12.7 billion at 30 September 2012 from €19.2 billion at 31 December 2011.

1. Business review for the first nine months of 2012[2]


In the first nine months of 2012, consolidated revenue contracted by 14.1% to €19.4 billion. The decline continued the trend observed in the first half and mainly concerned the Savings and Pensions businesses.

                                              IFRS
                         2012       2011      % change        % change
    (EURm)            (9 months) (9 months)  (reported)  (like-for-like(1))
    Savings            12,550.5   15,327.3     - 18.1          -18.1
    Pensions            2,364.9    2,843.3     - 16.8          -14.1
    Personal Risk       1,474.2    1,496.4      - 1.5           -0.1
    Term Creditor
    Insurance           2,343.6    2,283.3      + 2.6          + 3.3
    Health Insurance      392.1      364.3      + 7.6          + 7.7
    Property &
    Casualty              268.8      255.7      + 5.1         + 10.4
    TOTAL              19,394.0   22,570.4     - 14.1          -13.5


(1) Average exchange rate for Brazil:

At 30/09/2012: €1 = BRL2.456

At 30/09/2011: €1 = BRL2.311

International operations accounted for one-fifth of total revenue, with 56% generated in South America. The 24.5% decline in international revenue for the first nine months was due to the high basis of comparison in Ireland (with last year's sale of a major group pensions contract), unfavourable exchange rates in Brazil and sharply lower revenue in Southern Europe.

    (EURm)                                   IFRS
                        2012       2011      % change        % change
                     (9 months) (9 months)  (reported)  (like-for-like(1))
    France            15,674.2   17,644.7     -11.2           -11.2
    Italy (2)          1,094.7    1,659.1     -34.0           -34.0
    Portugal (3)          27.6      200.3     -86.2           -86.2
    Brazil             2,071.9    2,125.5      -2.5            +3.6
    Argentina             43.7       19.9    +119.2          +117.4
    Spain (4)            285.3      312.4      -8.7            -8.7
    Cyprus               136.5      157.9     -13.6           -13.6
    Ireland               54.6      449.6     -87.9           -87.9
    Other Europe (5)       5.5        0.8         -               -
    Sub-total
 
    International      3,719.8    4,925.6     -24.5           -21.9
    TOTAL             19,394.0   22,570.4     -14.1           -13.5


(1) Average exchange rate for Brazil:

At 30/09/2012: €1 = BRL2.456

At 30/09/2011: €1 = BRL2.311

(2) CNP Italia branch, CNP UniCredit Vita and CNP BVP Italy

(3) CNP BVP Portugal

(4) CNP España branch,  CNP Vida and CNP BVP Spain

(5) Including Greece since September 2012



In a French market down by €5.1 billion, CNP Assurances reported a €700 million net outflow of funds, representing considerably less than its market share. This outperformance was mainly attributable to La Banque Postale's resilience and to CNP Assurances's presence in the group insurance segment which stayed on an upward trajectory. In all, net new money was a negative €600 million across the Group. However, average technical reserves (excluding deferred participation) continued to grow, rising by 2.3% versus the first nine months of 2011 to €291.6 billion.

  • France

In France, revenue for the first nine months amounted to €15.7 billion, down 11.2% as reported and 10.4% on a French GAAP basis. Despite the decline - mainly concerning the Savings business - the Group significantly outperformed the French savings and pensions market which contracted by 14.0% compared with the first nine months of 2011.

While the Savings and Pensions segments remained difficult, with unit-linked sales down by a steep 42.6%, the Group continued to perform well in the term creditor insurance segment, reporting a 7.0% increase in revenue.

 

  A. La Banque Postale


La Banque Postale's contribution to nine-month revenue was down 6.0% at €6,826 million and net new money was at break-even. This represented a particularly resilient performance in a market where new money was down 14% and net new money was a negative €5.1 billion. Sales of term creditor insurance remained strong. In the personal risk segment, La Banque Postale maintained its momentum with the number of contracts sold rising by 14%, lifted by strong demand for the Prémunys and Sérénia term life insurance offers.

 

  B. Caisses d'Epargne


The revenue contribution of the Caisses d'Epargne (savings banks) dropped by 22.4% to €5,286 million as a result of stiff competition from products offered by the banks, particularly in the Savings segment. Unit-linked sales fell by 53.3% reflecting a reduced emphasis on selling unit-linked bond funds compared with 2011. However, the network's contribution to personal risk revenues nearly doubled, with over 180,000 policies sold during the period. Term creditor insurance business also continued to grow, contributing €502 million to revenue.

 

  C. CNP Trésor


CNP Trésor's revenue contribution declined by 7.6% to €434 million.  Its distribution model based on a team of local insurance advisors helped the network to withstand the sharp contraction in the French life insurance market.

 

  D. Financial institutions


The wait-and-see attitude among homebuyers in France led to an overall decline in home purchases during the period. Despite this challenging environment, the revenue contribution of the Financial Institutions partnership centre rose by 3.3% to €1,102 million. The period-on-period growth was mainly due to the fact that new business accounts for only a small proportion of total revenue. It also reflected the maturity of the partners' main portfolios.

 

  E. Companies and Local Authorities


Revenue generated with companies and local authorities amounted to €1,273 million, an increase of 2.6%. In the personal risk segment, for both companies and local authorities the Group focused on improving margins by adjusting rates.

 

  F. Mutual insurers


The revenue contribution from mutual insurers amounted to €700 million, down 4.4%. Growth initiatives focused mainly on developing optional supplementary long-term care insurance business with MGEN.

  • International operations

At €3.7 billion, revenue from international operations for the first nine months was down 24.5% on the year-earlier period (21.9% at constant exchange rates), due mainly to the decline in business in Southern Europe.

The decrease in international revenue was offset by a favourable shift in the product mix towards risk protection insurance.

 

  A. South America


  • Caixa Seguros (Brazil)

Caixa Seguros's revenue rose 3.6% in local currency to BRL 5,088 million. However, the subsidiary's contribution to consolidated revenue was down 2.5% due to the real's decline against the euro.  

While Savings and Pensions business was affected by competition from products offered by the banks, term creditor insurance continued to grow, rising 21.7% in real. In all, revenues from personal risk insurance, term creditor insurance and property and casualty insurance rose by an average 14% and accounted for over a third of total revenues.

Revenues from the health insurance business launched at the end of 2011 amounted to BRL 15.9 million for the first nine months of 2012.

 

  B. Southern Europe


  • CNP UniCredit Vita (Italy)

After a strong first half, CNP UniCredit Vita experienced a severe loss of momentum in the third quarter, with the result that revenues for the first nine months were down 33.2%. Pensions and Personal Risk revenues nevertheless rose by 3.3% and 24.7% respectively.

  • CNP Barclays Vida y Pensiones (Portugal, Spain, Italy)

In Southern Europe's very depressed economic environment, CNP BVP experienced a steep 47.7% drop in revenue to €309.4 million. All business lines were hit to a similar extent, although it is important to note that the basis of comparison was very high after revenue more than doubled in 2011. The only exception was the personal risk business, which grew by nearly 7% albeit from a still limited base.

  • CNP Laiki Insurance Holdings[3] (Cyprus)

The 10.1% decline in this subsidiary's revenue was mainly due to the high prior year basis of comparison which included revenue of €8.8 million from a single premium contract.

 

2. Results for the first nine months of 2012

                                       2012       2011
 
    (EURm)                          (9 months) (9 months) % change
 
                     Premium income  19,394.0   22,570.4   -14.1%
    Change in average technical
    reserves (excluding deferred
    participation)                    291,568    284,895    +2.3%
            Net insurance revenue*      2,283      2,191    +4.2%
    - Expenses                            661        666    -0.7%
                               EBIT     1,622      1,525    +6.3%
    - Finance costs                      (115)      (109)   +5.7%
    - Income tax expense                 (531)      (468)  +13.5%
    - Minority interests                 (220)      (193)  +14.4%
      Attributable recurring profit       755        756    -0.1%
    Net realised gains on equities
    and investment property                93       (174)      -
    Fair value adjustments to
    trading securities                    143        (32)      -
    Non-recurring items                  (209)         0       -
            Attributable net profit       783        550   +42.3%


*Net insurance revenue at constant exchange rates: up 7.9%

 

Net insurance revenue rose 4.2% in the first nine months of 2012 compared with the year-earlier period.

In France, net insurance revenue (excluding own-funds portfolios) was down 7.9% due to non-recurring factors[4]. The underlying change was an increase of 5.2%. Net insurance revenue from international operations rose 12.9% despite the negative currency effect in Brazil. Their contribution to total net insurance revenue (excluding own-funds portfolios) was 50% for the first nine months of 2012 versus 45% for the same period of 2011.

Expenses decreased by 0.7%. In France, expenses were down by 2.8%, while in international operations expenses rose compared with the first nine months of 2011, mainly in Brazil due to the costs of growing the business and amortizing strategic projects.

EBIT rose 6.3%. Subsidiaries outside France accounted for 44% of the total, helped by an increased contribution from Caixa Seguros.

Net capital gains generated under the multi-year profit taking programme concerned equities and investment property and amounted to €93 million. Fair value adjustments to trading securities represented a positive €143 million.

Profit for the period was adversely affected by net non-recurring expenses of €209 million, corresponding mainly to transfers to the policyholders' surplus reserve.

Net profit attributable to equity holders of the parent for the first nine months of 2012 amounted to €783 million, an increase of 42.3% on the year-earlier period.

 

3. Solvency capital


Required capital under Solvency I was covered 1.12 times at 30 September 2012 before taking into account unrealised capital gains. This was slightly below the 30 June coverage rate, due to an increase in required capital during the third quarter. Including unrealised capital gains, required capital was covered 2.54 times.

As announced on 16 October, CNP Assurances has placed USD 500 million worth of perpetual subordinated notes, mainly with Asian investors. The notes will be included in equity for the calculation of the coverage rate at 31 December 2012.

 

4. Investment policy


The Group is continuing to follow a prudent investment policy. The French portfolio's exposure to peripheral euro zone sovereign debt was reduced to €12.7 billion at 30 September 2012, with a further reduction in October.

CNP Assurances's regulated information can be downloaded from the Group's investor information website  http://www.cnp-finances.fr 

 

APPENDICES

REVENUE BY PARTNERSHIP CENTRE

    (EURm)                        IFRS                 French GAAP
                             2012     2011            2012     2011
 
                              (9       (9      %       (9       (9      %
                           months)  months)  change months)  months)  change
    La Banque Postale      6,826.3  7,260.0   -6.0  6,827.6  7,262.1   -6.0
    Savings Banks          5,285.8  6,811.1  -22.4  5,286.8  6,812.4  -22.4
    CNP Trésor               433.6    469.4   -7.6    433.6    469.4   -7.6
    Financial Institutions
    France                 1,102.5  1,067.2    3.3  1,102.5  1,067.2    3.3
    Mutual Insurers          700.2    732.4   -4.4    700.2    732.4   -4.4
    Companies & Local
    Authorities            1,273.5  1,241.5    2.6  1,496.4  1,337.7   11.9
    Other (France)            52.3     63.1  -17.2     52.3     63.1  -17.2
    TOTAL France          15,674.2 17,644.7 -11.17 15,899.5 17,744.4 -10.40
    CNP Seguros de Vida
    (Argentina) (1)           43.7     19.9  119.2     43.7     19.9  119.2
    CNP Vida (Spain)         123.2    123.3  - 0.0    123.7    123.3    0.3
    Caixa Seguros (Brazil)
    (1)                    2,071.9  2,125.5  - 2.5  2,392.6  2,439.2  - 1.9
    CNP UniCredit Vita
    (Italy)                  932.4  1,395.9 - 33.2  1,110.8  1,653.7 - 32.8
    CNP Laiki Insurance
    Holdings (Cyprus)        142.0    157.9 - 10.1    142.8    166.7 - 14.4
    CNP Europe (Ireland)      54.6    449.6 - 87.9     54.6    449.6 - 87.9
    CNP BVP
    (Portugal-Spain-Italy)   309.4    591.7 - 47.7    401.5    664.8 - 39.6
    Financial Institutions
    outside France (2)           -      3.3      -        -      3.3      -
    Branches                  42.5     58.5 - 27.2     42.5     58.5  -27.2
    TOTAL International    3,719.8  4,925.6 - 24.5  4,312.1  5,579.1  -22.7
    TOTAL                 19,394.0 22,570.3 - 14.1 20,211.6 23,323.5  -13.3


(1) Average exchange rates: Argentina: €1 = ARS5.716    -    Brazil: €1 = BRL2.456

(2) The business of writing term creditor insurance for Cofidis under the EU freedom of services
directive was discontinued on 1 January 2011 and the related contracts no longer generate any revenues.

 

UNIT-LINKED SALES

                                      IFRS                   French GAAP
                                       2011              2012    2011
                              2012
                                        (9                (9      (9      %
    (EURm)                 (9 months) months) % change months)  months) change
    La Banque Postale        336.7     407.0   - 17.3   338.1    409.2  - 17.4
    Savings Banks            478.3   1,024.5   - 53.3   479.3  1,025.7  - 53.3
    CNP Trésor                10.8      18.4   - 41.1    10.8     18.4  - 41.1
    Other (France)             2.5       4.5   - 43.6     2.5      4.5  - 43.6
    Total individual
    products France          828.4   1,454.5   - 43.0   830.7  1,457.8  - 43.0
    Group products France     16.1      17.8    - 9.5   239.0     99.9   139.3
    TOTAL France             844.5   1,472.3   - 42.6 1,069.8  1,557.7  - 31.3
    CNP UniCredit Vita       316.9     643.2   - 50.7   495.3    901.1  - 45.0
    Caixa Seguros          1,068.4   1,233.1   - 13.4 1,068.4  1,233.1  - 13.4
    CNP Vida                  63.2      60.9      3.6    63.2     60.9     3.6
    CNP Laiki Insurance
    Holdings                  45.3      49.7    - 8.9    45.5     57.8  - 21.3
    CNP Europe                 4.8       5.9   - 18.6     4.8      5.9  - 18.6
    CNP BVP
    (Portugal-Spain-Italy)    26.5     127.1   - 79.1   118.7    200.2  - 40.7
    TOTAL International    1,525.1   2,119.9   - 28.1 1,795.7  2,459.1  - 27.0
    TOTAL unit-linked      2,369.7   3,592.2   - 34.0 2,865.6  4,016.8  - 28.7



 

BREAKDOWN BY INSURANCE CATEGORY

                              IFRS                       French GAAP
                    2012       2011                2012       2011
 
    (EURm)       (9 months) (9 months) % change (9 months) (9 months) % change
    Individual
    Insurance     14,821.6   17,591.2   - 15.7   15,415.3   18,247.4   - 15.5
    Group
    Insurance      4,572.8    4,979.2    - 8.2    4,796.3    5,076.1    - 5.5
    Total         19,394.0   22,570.4   - 14.1   20,211.6   23,323.5   - 13.3




REVENUE BY COUNTRY AND BY BUSINESS SEGMENT

                                                                         
                                                                  Personal    
                                 Savings          Pensions          Risk             
                             9 mos.            9 mos.            9 mos.    %   
    In EURm (IFRS)             2012    % chg.   2012    % chg.     2012   chg.   
    France                  11,250.9  - 15.9  1,034.1     5.7   1,094.5 - 3.3 
    Italy (1)                  985.8  - 31.8     12.7     3.3       7.1  24.7   
    Portugal (2)                10.8  - 94.1      0.0      NS       0.9    NS    
    Other Europe (3)             2.9      NS      0.0      NS       0.0    NS    
    Brazil                      56.5   - 6.4  1,217.0   - 8.3     334.7   3.8   
    Argentina                    4.0    41.1      0.0      NS       8.4  56.7 
    Spain (4)                  188.5     5.1     51.2  - 37.5       8.1 - 3.8 
    Cyprus                      46.4  - 26.5      0.0      NS      20.6 - 7.6  
    Ireland                      4.8  - 18.6     49.8  - 88.8       0.0    NS   
    Sub-total International  1,299.6  - 33.1  1,330.8  - 28.6     379.7   4.3 
    TOTAL                   12,550.5  - 18.1  2,364.9  - 16.8   1,474.2 - 1.5


(continued)


   
                                                      Property
                    Term Creditor       Health            &
                      Insurance       Insurance       Casualty         Total
                     9 mos.  % chg.  9 mos.  % chg. 9 mos. % chg.  9 mos. & chg.
    In EURm (IFRS)    2012            2012           2012           2012
    France           1,925.8    7.0   368.9   6.1    0.0   NS   15,674.2  - 11.2
    Italy               89.2 - 54.6     0.0    NS    0.0   NS    1,094.7  - 34.0
    Portugal (1)        15.8    4.4     0.0    NS    0.0   NS       27.6  - 86.2
    Other Europe (2)     2.3  177.0     0.3    NS    0.0   NS        5.5   566.1
    Brazil  (3)        241.5   14.5     6.5    NS  215.8  5.3    2,071.9   - 2.5
    Argentina           31.4  166.1     0.0    NS    0.0   NS       43.7   119.2
    Spain               37.5 - 12.5     0.0    NS    0.0   NS      285.3   - 8.7
    Cyprus (4)           0.0     NS    16.5 - 1.4   53.0  4.4      136.5  - 13.6
    Ireland              0.0     NS     0.0    NS    0.0   NS       54.6  - 87.9
    Sub-total 
    International      417.8  - 13.5   23.2  39.0  268.8  5.1    3,719.8  - 24.5 
    TOTAL            2,343.6     2.6  392.1   7.6  268.8  5.1   19,394.0  - 14.1
(1) CNP Italia branch, CNP UniCredit Vita and CNP BVP Italy
(2) CNP BVP Portugal
(3) Cofidis Romania, Belgium, Czech Rep., Greece
(4) CNP Spain branch, CNP Vida and CNP BVP Spain

CNP UNICREDIT VITA REVENUE
                             IFRS             French GAAP
                         2012                2012
    (EURm)            (9 months) % change (9 months) % change
    Savings             879.5     - 32.0    1,057.8    - 31.8
    Pensions             12.7        3.3       12.7       3.3
    Personal Risk         7.1       24.7        7.1      24.7
    Term Creditor
    Insurance            33.1     - 60.6       33.1    - 60.6
    TOTAL               932.4     - 33.2    1,110.8    - 32.8

CAIXA SEGUROS REVENUE

                             IFRS             French GAAP
                         2012                2012
    (BRLm)            (9 months) % change (9 months) % change
    Savings             138.6     - 0.8      926.0      7.1
    Pensions          2 988.4     - 2.6    2 988.4    - 2.6
    Personal Risk       821.9      10.4      821.9     10.4
    Term Creditor
    Insurance           593.0      21.7      593.0     21.7
    Property &
    Casualty            529.8      12.0      529.8     12.0
    Health Insurance     15.9                 15.9
    TOTAL             5 087.7      3.6     5 875.0      4.2

CNP BVP REVENUE

                             IFRS             French GAAP
                         2012                2012
    (EURm)            (9 months) % change (9 months) % change
    Savings             206.1     - 49.6    298.2     - 38.1
    Pensions             46.0     - 41.1     46.0     - 41.1
    Personal Risk         8.9        6.8      8.9        6.8
    Term Creditor
    Insurance            48.4     - 49.9     48.4     - 49.9
    TOTAL               309.4     - 47.7    401.5     - 39.6



2013 Investor calendar
  • 2012 revenue and results: Wednesday, 22 February 2013 at 7:30 am
  • Annual General Meeting: Thursday, 25 April at 2:30 pm
  • First quarter 2013 revenue and profit indicators: Thursday, 16 May 2013 at 7:30am
  • First-half 2013 revenue and results: Friday, 26 July 2013 at 7:30 am
  • Nine-month 2013 revenue and profit indicators: Friday, 15 November 2013 at 7:30 am


Disclaimer: Some of the statements contained in this press release may 
be forward-looking statements referring to projections, future events, trends or 
objectives that, by their very nature, involve inherent risks and uncertainties. 
Actual results could differ materially from those currently anticipated in such 
statements by reason of factors such as changes in general economic conditions 
and conditions in the financial markets, legal or regulatory decisions or 
changes, changes in the frequency and amount of insured claims, particularly as 
a result of changes in mortality and morbidity rates, changes in surrender 
rates, interest rates, foreign exchange rates, the competitive environment, the 
policies of foreign central banks or governments, legal proceedings, the effects 
of acquisitions and the integration of newly-acquired businesses, and general 
factors affecting competition. Further information regarding factors which may 
cause results to differ materially from those projected in forward-looking 
statements is included in CNP Assurances' filings with the Autorité des Marchés 
Financiers. CNP Assurances does not undertake to update any forward-looking 
statements presented herein to take into account any new information, future 
event or other factors.

 

--------------------------------------------------

1. Excluding revenues from own funds portfolios

2. Unless otherwise stated, all data are presented on an IFRS basis

3. Following the partner's name change, CNP Marfin Insurance Holdings (CNP 
MIH) was renamed CNP Laiki Insurance Holdings (CNP LIH)

4. Mainly the effects of lower interest rates.

 



Contacts:


CNP Assurances
Florence de MONTMARIN
+33(0)1-42-18-86-51


Tamara BERNARD
+33(0)1-42-18-86-19
[email protected]


Contacts for Analysts & Investors:
CNP Assurances
Jim 
ROOT
+33(0)1-42-18-71-89


Annabelle BEUGIN-SOULON
+33(0)1-42-18-83-66


Jean-Yves ICOLE
+33(0)1-42-18-94-93
[email protected]






SOURCE CNP Assurances

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The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...