Perceptions Of The British And Indian War - 860 Words

Perceptions of Britain Many events happened during the period of time between 1763-1775, that changed Americans mindset from then until now. Certain people and certain events during this time frame affected the nation of the United States enormously. This time period changed the United States for better and for worse. Certain people like Thomas Paine and Samuel Adams, tenaciously tried to change the course of history; haven wars, such as the French and Indian war altered the perception of the American people. These events and people were some of the many facilitated with the defiance against the British. This essay will show how these altercations turned the People of the newly formed Americas against the British. During the time of 1763-1775 one of the occurrences that happened to affect the colonist’s perception of the British was the French and Indian War. The amazing thing is that the war itself was not the main factor of the colonist’s trouble with the British, but the time after the war that was the cause of trouble. During the war the British fought with France around the Ohio valley for the control of land. The Ohio valley was very important to both of the empires, because of the value of the land and the strategic point it held in the years to come. Although both had their struggles especially with the Native Americans that called this place their home. Most of the Native Americans sided with either the British or the French, because they thought that if they hadShow MoreRelatedThe French And Indian War877 Words   |  4 Pageshistory; wars, such as the French and Indian war altered the perception of the American people. These events and people were some of the many tha t facilitated the colonists’ defiance against the British. Altercations they encountered turned the people of the newly formed Americas against the British aiding in their quest for independence. During the time of 1763-1775, one of the occurrences that happened to affect the colonists’ perception of the British was the French and Indian War. The war itselfRead MoreThe Causes And Effect Of The French And Indian War1146 Words   |  5 Pages 7 Years of War â€Å"French and Indian war† What were the causes and effect of the war? Ana Rodriguez 6th period 03/10/15 What were the causes and effect of the French and Indian war? â€Å"The last and most destructive of the four Anglo-French Colonial wars, was the French and Indian war.† Took place on 1754-1763, and together with its European counterpart, the seven years war. Start with England declaring war on France, and ending with the Treaty ofRead MoreThe Philosophy of the American Settlers Westward Expansion Leads to Expulsion of the Native Americans1197 Words   |  5 Pageswould remove Indians. Due to the long history various conflicts between Indians and Americans, the American settlers were apprehensive toward the Indians, leading to the perceived need of the removal of the Indians for their safety. Andrew Jackson’s negative attitude toward of the Indians also aroused public sentiment against them. Jackson’s position as a leader gave him more influence on the people, who knew of the battles he had won against the Indians during his time as an â€Å"Indian fighter.† Read MoreThe Causes of the American Revolution Essay1689 Words   |  7 Pagesindependent of the British Empire. In April of 1775, after many transgressions on both sides, the colonists decided that they no longer needed, or wanted the support, protection, and leadership of the country that founded them. There were many factors, both immediate, and longstanding that lead to the decision to fight for freedom from British rule. The American Revolution had some of its beginnings in the French and Indian war. For seven years, Britain battled the French and Indian nations in theRead MoreThe Era Of Optimism Based On The United States Essay1644 Words   |  7 Pagesbelieved today. Though World War 1 was impactful it didn’t alter people’s perception on the importance of science and technology in our society. This is shown in the technological outcomes that the war essentially produced. Like the use of machine guns, airplanes and other artillery’s. Also World War 1 greatly affected the political, spiritual and cultural development of the United States, India and Germany. The United States was impacted greatly because of the war. The United States at the timeRead MoreIndia Challenges Of India s Indian Movement Of Independence1477 Words   |  6 PagesKweller​ 2W 11 May 2015 Gandhi challenges British rule in India When one imagines of the early 1940s’ Indian movement of independence, one figure readily clicks into the mind; the popular Mahatma Gandhi, who was an immensely leader in India. He was nicknamed Mahatma by most of his countrymen, a name that meant â€Å"The Great Soul†. This leader led to a remarkable change of the world far much beyond his sacrificial and successful struggle that led to the end of the British imperial rule in his nation, IndiaRead MoreAmerica, A Narrative History Essay1425 Words   |  6 Pagespopulations. On article that exemplifies the cultural differences between the Native Americans and the Spanish Explorers is the third-person biographical narrative called â€Å"The Collision of Cultures.† The narrative gives the reader insight on what the indians and the explorers pre-judgement of one another, based off of what the parties believed with their religion and moral. This article’s reader would be someone that showcases an immense inter est in a population’s psychology and culture. As well as, interestRead MoreTaking a Look at the American Revolution832 Words   |  3 Pagesconstitutional rights. For a long time, the British had left the colony to run itself and given the freedom, the North American settlers turned to unique forms of government to match their developing new identity as Americans. They did this by establishing representative legislatures, observing the set rights and freedoms ad holding democratic meetings, all of which gave the settlers a sense of a new identity. When the British lost in the French and Indian war, they turned their attention to AmericaRead MoreLove Marriage vs Arranged Marriage!635 Words   |  3 Pageschanging the perception of the Indian mind. Love marriage is supposed to provide freedom and more independence as compared to arranged marriages where the girl/boy is chosen by the parents. The usual question of love marriage voters against arranged one is that how can anyone marry the person whom they don’t know? Amid popular love lore like Soni Mahiwal, India always had a long tradition of arranged marriages. With the advent of the British and the subsequent introduction of British education systemRead MoreImpact of the First World War in Africa: The Development of the Continent1289 Words   |  5 PagesThe First World War marked a crucial moment in the history of the world through its developments and its consequences. It was not only the first conflagration that affected the world at a global level but also it represented a series of events that influenced countries and territories that were initially outside the immediate source of war. One of these regions was the African continent that was, until the end of the first world conflagration, a mix of colonies and territories belonging to European

A Collective Identity Of Europe - 959 Words

Post-war European nations were faced with the task of restructuring their states after the devastating war. A collective agreement was made for a political body to help stabilize much of Europe. The Community provided external political structure that would provide the means necessary to create a stable economy and develop technologies, but in order to do so there would need to be a collective identity of Europe. As nation-states were trying to redefine their history and assert their independence it became a delicate balance between maintaining their own identity and joining in the Community that would impose new regulation but also provide the resources necessary to rebuild economically. This struggle to maintain a national identity†¦show more content†¦The benefit was that nation-states could now have their own domestic economy and still benefit from the advancing international markets that were more accessible. However, economics cannot be viewed as an independent unit. How the market works is inadvertently based on a cultural set of ideals and markets can function differently from state to state. In order to formalize an institution to control the economy new regulations must be set in place. In the sense of the European Community all nations states had to join together to create a set of rules that everyone agreed upon. By abiding by new rules nations in return could expect to benefit from a larger political body. This all sounded very promising, a new and stronger institution would regulate the economy, and provide security for the vulnerable post-war nations. In doing so, Europe would create a collective identity, a sense of nationality. Although after the war the idea of a stronger unified economy sounded promising it could also be viewed as a hindrance in the long term. The European Community’s goal was to create a unification of the nation-states but from the viewpoint of a individual state this could be a loss of independence and identity. This communal identity â€Å"made western European states resemble each other much more than they resembled those of other places or other times.† The focus was no longer onShow MoreRelatedNational and European Identity 1273 Words   |  6 Pagesstrong interest in the concept of European Union identity (Cram, 2009). The ‘European union’ identity can be identified nowadays, although there are still conflicts between national identities and a shared European identity which can be illustrated by the data from Eurobarameter and other sources. Most people perceive themselves as Europeans, as Anderson (1991) state, there is no contradictory between Europe and nation-state, ‘country first, but Europe, too’ is the main feeling of the public. HoweverRead MoreEmotion And Devotion : The Meaning Of Mary Medieval Religious Cultures Essay1508 Words   |  7 Pagesthe modern era. In chapter one The Global â€Å"Middle Ages† Miri Rubin points out that â€Å"understanding life in the pre-modern past has... become complex and variegated† because there existed a â€Å"global† aspect in Europe. Rubin thinks that it is important to realize that Europe was not regionally isolated during the Middle Ages. â€Å"Medieval Europeans were travellers† and when they returned home they shared their â€Å"tales, experience and expertise.† Travel was possible because there was a â€Å"modicumRead MoreEuropean Integration And A Symbol Of Construction Of European Identity1618 Words   |  7 Pagessuccessful example of European integration and a symbol of construction of European identity. Through the ‘European Action Scheme for the Mobility of University Students’ (ERASMUS), the largest student exchange programme in Europe, nearly two million students have studied abroad and had the opportunity to learn firsthand about other European peoples and cultures. Erasmus program is the most popular European program in Europe and worldwide, being considered the â€Å"flagship† educational program of EuropeanRead MoreAmerican Identity Paper: John Hector St. John de Crevecoeur641 Words   |  3 PagesAmerican Identity Paper Stafford Sweeting University of Phoenix HIS/110 Tom Albano May 28, 2011 American Identity Paper John Hector St. John de Crevecoeur was a naturalized French-American writer authored the 1782 essay Series, ‘Letters to an American Farmer’ which were presented as a book; the narratives of the collective essays describing and giving rise to what can now be determined as ‘American Ideals’ His through his ‘letters’ used American-English slang as they were used in theRead MoreWhen Memories And Events Become Institutionalized In A1682 Words   |  7 PagesWhen memories and events become institutionalized in a museum setting, they become the lens through which present and future generations gaze into past. National museums promote local history and identity, but what about multinational museums and multinational identity? This is the question the European Union hopes to address with their sanctioning of the House of European History (HEH). The main goal of the HEH is to create a collection of permanent and temporary exhibitions to invite people i ntoRead MoreMemories And Its Impact On Society1387 Words   |  6 Pagesmemory have always fascinated scholars, and the study of memory has soon shifted from the individual dimension to the collective one. How collective memories define an entire society and the role these have when, due to traumatic events, the society is threatened has been studied thoroughly. It is widely recognized that historical memory plays an essential role in the development of identity politics but unfortunately also in the rise of ethnic and civil conflicts all around the globe. It has been observedRead MoreEuropean Collective Identity11275 Words   |  46 PagesEuropean Journal of Social Theory http://est.sagepub.com/ A Theory of Collective Identity Making Sense of the Debate on a European Identity Klaus Eder European Journal of Social Theory 2009 12: 427 DOI: 10.1177/1368431009345050 The online version of this article can be found at: http://est.sagepub.com/content/12/4/427 Published by: http://www.sagepublications.com Additional services and information for European Journal of Social Theory can be found at: Email Alerts: http://estRead MoreThe Refugee Crisis : A Humanitarian Issue1421 Words   |  6 Pagesanalyzed using the concept of values and identity, more specifically with respect to collective and organizational identity, and social constructivist philosophy. The model of systems thinking, as described by Senge’s principles, may also be a useful tool to understand the intentions and positions of various countries, as well as working towards a possible solution to the issues being considered in the article. The nature, construction and role of identity in society has always been useful in understandingRead MoreEssay751 Words   |  4 PagesFrance has always been in a constant struggle to become the hegemonic power of Europe, attempting to keep its own identity, culture, and preserve its way of life while expanding to different territories, this alone has led to countless wars and skirmishes resulting in devastation over Europe including the 30 year war, 100 year war, and the Napoleonic era. After the tragedy known as World War II, an attempt to integrate France along with other European states to form a supranational government resultedRead MoreThe European Union As A Powerful Entity1612 Words   |  7 Pagesallocation of production and resources. This, in turn, leads to an increase in wealth, both in the new and older members. History, however, proves to be the one weakness of the European Union. Fragmented into fifty-three countries, Europe s people jealously guard their identity, and are severely opposed to losing it. This makes gaining consensus on policies very difficult, as countries may want to protect traditional industries, associated with their own history and culture. Groups that may be disadvantaged

Plato And Aristotle (2179 words) Essay Example For Students

Plato And Aristotle (2179 words) Essay Plato And AristotlePlato, a Greek philosopher was among the most important and creative thinkers of the ancient world. He was born in Athens in 428 BC to an aristocratic and well-off family. Even as a young child Plato was familiar with political life because hes father, Ariston was the last king of Athens. Ariston died when Plato was a young boy. However, the excessive Athenian political life, which was under the oligarchical rule of the Thirty Tyrants and the restored democracy, seem to have forced him to give up any ambitions of political life. In 388 BC he journeyed to Italy and Sicily, where he became the friend of Dionysius the ruler of Syracuse, and his brother-in-law Dion. The following year he returned to Athens, where he devoted his time to research and instruction in philosophy and the sciences. Most of his life thereafter was spent in teaching and guiding these activities. In 347 BC Plato died, while hes published writings all still live. They consist of some 26 dramatic dialogues on philosophy and related themes. The philosopher Socrates was a close friend of Platos family as well as his teacher. Platos writings attest to great influence on him. This could be a good explanation to why Plato uses Socrates to voice his own opinions about his Ideal State. Book I of Platos Republic, beings with Socrates, Cephalus, Polemarchus and Thrasymachus discussing justice. Each give their own meaning of justice or dikaiosyne. Cephalus says justice is truth telling and debt paying. He views justice this way because he is an honest and just businessman. Polemarchus, who is Cephaluss son, agrees with Cephaluss definition, but continues by saying justice, is giving each his own due. By this he means, helping ones friend. Finally, Thrasymachus, who is a sophist, defines justice as the advantage of the stronger. Justice is not to the advantage of everyone but to the advantage of the rulers. Socrates proves that justice brings unity to any group of people, because it allows them to trust and rely on one another. The discussion of justice is continued in the beginning of Book II. Glaucon enters the conversation and he divides all things into three categories: 1) Those that are pleasurable for themselves and their results, 2) Those that bring good results, but with difficulty, and 3) Those that bring no results, but are pleasurable. Glacon then asks Socrates which category justice falls within. He replies by placing it in the first category. ?I myself put it among the finest goods, as something to be valued by anyone who is going to be blessed with happiness, both because of itself and what it comes from? (Republic, Book II 358a). Glaucon claims that the general view of justice lies in the second category, the mean between two extremes. Glaucon defends his argument by using the example of the ?Ring of Gyes,? a magical ring that turns its wearer invisible. He continues to argue that if humans were given the opportunity to be unjust without getting caught or without suffering any punishment or loss of good reputation, they would naturally choose a life of injustice, in order to maximize their own interests. Now the issue at hand is to prove whether it is more beneficial to lead a just or unjust life. In an attempt to provide a satisfactory definition of justice, Socrates tries to make an analogy between the justice of an individual human being and of an entire society or city. He then begins to build and imaginary city. Socrates defines the basic city as the Health City opposed to a Feverish City. Socrates states that the fundamental needs of human beings in the society are food, shelter, and necessary clothing and things needed for production. However, Socrates is aware that the people of this city will want more then just the bare necessities. He continues to build this political correct city by manipulating a number of different things such as; adding a specialized class of soldiers, adding guardians, controlling any false information (censoring), creating men and women equal, and balancing their education between philosophy and physical training. .u58e0ba581de71d78c2025bf62fd1646b , .u58e0ba581de71d78c2025bf62fd1646b .postImageUrl , .u58e0ba581de71d78c2025bf62fd1646b .centered-text-area { min-height: 80px; position: relative; } .u58e0ba581de71d78c2025bf62fd1646b , .u58e0ba581de71d78c2025bf62fd1646b:hover , .u58e0ba581de71d78c2025bf62fd1646b:visited , .u58e0ba581de71d78c2025bf62fd1646b:active { border:0!important; } .u58e0ba581de71d78c2025bf62fd1646b .clearfix:after { content: ""; display: table; clear: both; } .u58e0ba581de71d78c2025bf62fd1646b { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u58e0ba581de71d78c2025bf62fd1646b:active , .u58e0ba581de71d78c2025bf62fd1646b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u58e0ba581de71d78c2025bf62fd1646b .centered-text-area { width: 100%; position: relative ; } .u58e0ba581de71d78c2025bf62fd1646b .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u58e0ba581de71d78c2025bf62fd1646b .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u58e0ba581de71d78c2025bf62fd1646b .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u58e0ba581de71d78c2025bf62fd1646b:hover .ctaButton { background-color: #34495E!important; } .u58e0ba581de71d78c2025bf62fd1646b .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u58e0ba581de71d78c2025bf62fd1646b .u58e0ba581de71d78c2025bf62fd1646b-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u58e0ba581de71d78c2025bf62fd1646b:after { content: ""; display: block; clear: both; } READ: Frees on Kafka's Metamorphosis: True Essence Essay Finally, Socrates just city is built.Now that Socrates has built his just city

Temple University Business Plan Essay Example

Temple University Business Plan Essay The Temple Consultants designed the Virtual Insurance Procurement Portal (IPP or PIP Portal) to align the brokerage model with evolving technology to address these pressing issues. The PIP Portal is an online resource planning tool that automates the overage procurement process, facilitates communications, increases transparency, and serves as a consolidated information source. The IPP will feature two separate, customizable interfaces for the broker and the client to suit each users needs. Figure 1: PEST Stable Social North American Insurance Industry 2012-present Political Demand increased transparency Non face-to-face communications Economic Industry consolidation Disintermediation through technology Technological Technological ubiquity and mobility Market Analysis In order to adapt to the political, economic, sociological, and technological rends affecting the insurance brokerage industry, brokers must redefine their current business model. The future brokerage model allows brokers to fully demonstrate the true value of their supplier, problem solver, innovator, and partner functions to clients. If clients only recognize the value of the brokers supplier function, industry competition will increasingly be based on price. Strategic changes must correspond to current insurance brokerage industry trends, which can be identified with a PEST framework (Figure 1). Political There are no new political trends affecting the insurance brokerage industry today. Despite the stable political environment, brokers must vigilantly ensure that all business practices uphold all federal and statutory regulations. The PIP Portal code will incorporate safety nets to ensure users do not violate any regulatory requirements. Industry consolidation and disintermediation through technology are the main economic trends affecting the insurance brokerage field today. Large brokerages expand and secure market share primarily by merging and acquiring smaller competitors. Increased consolidation is concentrating and intensifying industry rivalry. Disintermediation through technology is encouraging clients with simpler risk management needs to seek inferior broker substitutes. Most clients with simple risk management needs already find it hard justifying investments towards broker services and building relationships with brokers. We will write a custom essay sample on Temple University Business Plan specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Temple University Business Plan specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Temple University Business Plan specifically for you FOR ONLY $16.38 $13.9/page Hire Writer These economic trends are challenging the brokers role in the insurance procurement transaction. Social Entities spend less time socializing face-to-face and prefer to socialize through technology-enabled media. Customers and employees are becoming more accustomed to communicating through technology than through face-to-face tenting or over the phone. Brokers that do not embrace technology to facilitate the broker-client relationship risk being pushed out. Technology is continually affecting the way com pansies conduct operations. Businesses have already adapted significantly to align strategy with new technologies. As technology continues to evolve, companies need to further align strategy with the evolution of technology in order to remain competitive. 3 Our proposed brokerage model was developed to help brokers overcome the various competitive forces affecting the industry and challenging the brokers role as risk advisor. These forces are driven by the trends identified in the PEST evaluation and analyzed under a Porters Five Forces framework (Figure 2). Figure 2: Porters Five Forces Insurance Brokerage Industry Force industry Rivalry Intensity Very Strong Threat of Weak New Entrants Buyer Power Moderate to Strong Supplier Power Us busiest Explanation C] Leading industry competitors (201 3): Marsh, Non, Willis, and Arthur J. Gallagher C] Disintermediation through technology CLC Clients cannot perceive true value C] Threat of strong price competition 0 Low to moderate buyer switching costs CLC Response from powerful incumbents L] Relationship-driven industry C] Access to suppliers I. E. Arises C] Buyers need insurance and risk management solutions C] Small clients have simpler needs, but are price sensitive D Large clients need individualized solutions, and have high bargaining power C] Relationship-driven customer switching costs C] Difficulty realizing true value CLC Control policy form design C] Control premiums 0 Intense competition among carriers C] Direct marketing 0 Alternative Risk Solutions Industry Rivalry The United States insurance brokerage industry is highly competitive. Marsh, Non, Willis, and Arthur J. Gallagher are the strongest commercial brokerage competitors. The industry has undergone a long-standing trend of consolidation as larger brokerages acquire smaller competitors. Disintermediation is becoming increasingly apparent as more clients, 4 particularly those with simpler needs, are severing broker relationships and relying on technology to develop their own, cost-effective risk management programs. Though, clients recognize the value of the brokers supplier function, many clients fail to realize the true value of the brokers problem solver function. Because switching costs are relatively low, clients can easily rancher to another brokerage that clients believe is capable of providing them the best coverage at the best price. Brokers who fail to address the consolidation, disintermediation, and value non-recognition trends threatening the industry will succumb to pressures stemming from increased rivalry. New entrants pose little threat to the US brokerage industry. Though, it is relatively easy to start an insurance brokerage firm, new entrants face hostile responses from industry incumbents. To build a book of business, new entrants must convince potential clients to dissolve pre-existing broker-client relationships. To provide clients the right products at the right price, new entrants must also establish strong broker-carrier relationships. The chosen brokers relationship with carriers, will largely influence the clients risk management program. Built on trust, this relationship-driven industry has high entry barriers lessening the threat new entrants pose to established brokers. Buyers Commercial insurance brokers face moderate forces from large clients and strong forces from small clients. Small clients are those with simpler risk management needs and large clients generally have more complex portfolios. Large clients exert moderate buyer power on brokers because large clients cannot easily find substitutes to their brokers problem solver and partner functions. However, large clients have a higher switching costs compared to small clients 5 because it takes time to rebuild relationships, trust, and understanding with a new broker. Small clients exert strong buyer power on brokers because traditionally, small clients do not avail broker services and have a harder time realizing the true value brokers provide. Small clients can easily access inferior broker alternatives and are more price sensitive. However, buyers relinquish some power since all clients need a means of risk transfer. Buyer power is weakened when considering brokers can leverage relationships with carriers to provide clients with better coverage. The commercial brokerage industry is heavily relationship-driven, wherein most clients tend to remain loyal to their broker. The primary factor disrupting existing broker-client relationships is severe pressure for cost reduction. Overall, buyer power is increasing more clients fail to recognize the true value brokers provide and consider alternative solutions to manage risk. Suppliers Suppliers have considerable strength in the LOS brokerage industry. Insurance carriers largely derive power from control over capacity, policy design, and ability to accept or decline a risk. Without broker-carrier understanding brokers are incapable of adequately serving clients. Strong supplier power is also driven by intense competition among the carriers themselves. However, since carriers compete to ensure that their products are brokers first choice recommendation, supplier power slightly diminishes. Overall, suppliers exert great strength over the commercial brokerage industry. Insurance brokers face a weak to moderate level of threat from substitutes because generally clients are most comfortable entrusting experts with their risk management, consulting, and procurement needs. However, disintermediation through technology and increased 6 availability of alternative risk solutions are jeopardizing the brokers role. Currently, substitutes still pose little threat to the industry. If clients continue underestimate the true value brokers provide, the threat of substitutes will strengthen and exert increased competitive pressure on the commercial brokerage industry. The Virtual Insurance Procurement Portal Technology Integration The Virtual Insurance Procurement Portal (PIP Portal or IPP) is a resource planning system that automates the coverage procurement process, facilitates communication, and provides a cohesive, organized, center of information for enhanced client management. The portal will integrate seamlessly with Windows and MAC operating systems and will be available in standard, touch, and mobile options. Because the IPP tool is designed to enrich the borderline relationship, it must be portable and provide constant access to client-related material. Due to the highly sensitive nature of client information, the IPP will employ state-of-the-art security encryption to ensure account integrity is always protected. Interface The interface will have an intuitive, visually appealing, tiled interface. Each of the tiles is customize able and will provide quicklime to selected information such as policies, interaction logs, chat, conferencing, client preferences, loss history, and industry benchmarking data. The platform will leverage a licensing agreement with Google data analytics to provide superior search capability within client accounts. As an example, the broker will be able to err policy limits, and the portal will return, the per-occurrence and aggregate limits of each policy as well 7 as any deductibles and exclusions. In the event of a loss, the broker will be able to best assist the client regardless of either users location or time. Users can set preferences within each client profile, so they will receive industry- specific news from insurance publications such as Advised and Business Insurance. This will ensure clients are consistently up-to-date on the broad issues affecting clients. Brokers will be able to directly interface with the carriers through the portal or Reps, and carriers will be able to directly upload policy deliverables into the portal. The portal will be able to Scan and quickly return key information, such as rates and exclusions, to the brokers. From the clients perspective, the portal will also have an intuitive, tiled approach, and work similarly to the brokers version. However, certain information, such as internal procedures will be excluded from the clients view. With all marketing and Reps results stored in the application, this will eliminate the administrative burden of preparing transparencies, as made requisite by the 2004 Spirits investigate. Storage and Maintenance The PIP Portal will include 24/7 customer service to detect and repair bug issues, and will make use of site management to ensure that all applications are consistently fully operational. Data storage will be securely encrypted and will be outsourced by a cud storage firm. This platform will be downloaded online, and will not require any hardware or packaged software. The platform will integrate with legacy information and underwriting systems as well the Microsoft suite. This will allow for steady assimilation to the product and will enable brokers to employ the most optimal mix of resources. Financial Market Entry We propose that the IPP be developed in-house, by a large brokerage firm. Due to lack of proof of concept at this stage, it may be difficult to find venture capital. Evidence supporting proof of concept will come from beta testing. Following development, the brokerage firm will have ownership of the PIP Portal. Business Model Our estimates indicate that about $1 will be required to develop a functioning prototype. During beta testing, the brokerage will partner in capital formation, which will enable developers to bring the software to optimal functionality and ensure that the software is capable of large-scale use. The portal is designed to syntactically align with the broker process and become inextricable from placement and client-servicing processes. During the three year battening phase, market share will be low at approximately half a percent. This period will allow brokers, partner carriers, and clients to collaborate and ensure that the tool provides maximum utility and enhances the brokers value-proposition. Upon completion of the beta phase, the brokerage firm will garner significant competitive advantage through full integration of legacy systems in place. Benefits and Cost Savings From a cost and benefit perspective, PIP Portal will increase process efficiencies in placement and servicing drastically reduce transaction costs, add value, and increase clients willingness to pay. We believe that IPP will provide savings for the broker by reducing the 9 number of staff needed to properly service an account and providing tools to assist the client as effectively as possible. The IPP solution will reduce administrative costs, increase efficiency, and provide savings on transaction costs. This does not necessitate a direct monetary discount for clients, but it ill provide greater utility and competitive advantage by increasing value relative to premium paid. Further proof of concept will provide greater clarity on the amount Of savings and the increase in productivity that will result from implementation of the PIP Portal. Financial Analysis By interviewing Bill Mortar, an adjunct professor at Temple University and an IT professional with knowledge in software development, our team estimated development costs for the IPP. The portal will need to be developed in phases. We designed a four-phase implementation process with varying development time and costs. Phase is currently underway and primarily involves researching design functionality and capability. Phases II through IV will build proof of concept that the PIP Portal must establish prior to implementation. The table below shows a breakdown of the four phases and major tasks that must be achieved in each phase. Phase I (6 months) Setting the business requirements Functionality and navigation considerations Screen mock-ups Total Cost Phase I Cost $50,000 Phase II (6 months) Translating business requirements Database structure Detailed software design and documentation Total cost of Phase II 150,000 10 Phase Ill (12 months) Coding Portal testing Bug tracking Total Cost of Phase Ill $700,000 Phase IV (12 months) Beta version testing Further development Maintenance Considerations Total Cost of Phase IV $1 75,000 Estimated Total Time Estimated Total Cost 36 months The team estimated the total time for development and testing to be 36 months at a cost Of $1 We have estimated the amount of value the PIP Portal could provide to a brokerage firm by conducting a net present value (NIP) analysis. According to Hoovers, the insurance agency and brokerage industry in the United States cords approximately 100 billion in revenue annually, and is expected to experience medium growth over the next 1 2 to 24 months. We decided a 5% growth rate is a reasonable assumption based on Hoovers data. We used very conservative numbers to estimate the extent of additional market share a brokerage firm could capture after implementation. Our assumptions is that a firm could capture an extra . 5% of industry revenue in the first year after the three year beta phase and is adjusted up to 3% at year five.