I am trying to find a vehicle weight but the battery pack is about 3ooo pouinds. There are two identical lithium-iron phosphate (LiFePO4) battery packs on the sides of the truck, which combine to store 650 volts DC (105kWh). This is enough power for the 80,000-pound GVW truck to produce zero emissions for 50 miles on battery power alone. The weight of the batteries is about 3,000 pounds, and the condition of each cell is constantly monitored by a battery management system. Inside the box above the steps is an accessory drive, which powers the vehicles 12-volt needs.
Globally, the insurance industry experienced strong premium growth in 2015, at 5.6 percent, whereas growth in 2016 is expected to be noticeably slower, at 4.4 percent. Total premiums are expected to reach €4.6 trillion, up from €4.4 trillion in 2015.What factors help explain the industry’s performance? The global insurance industry is undergoing turbulent times with the continuing low interest rate environment, a challenging equity market, and tightening regulatory changes, such as the US Department of Labor (DOL) rule and new US tax guidelines. Meanwhile, consumers’ shift to hybrid online and offline research and purchasing has largely concluded in developed markets and is accelerating in developing markets with the spread of mobile phones. These changes, along with the impact of price-comparison websites and other technology developments, plus the race to implement digital processes, are tectonic shifts forcing insurers to adjust their business models.
Health. In the health insurance market, the global annual growth rate decreased from9 percent in the 2014–15 period to 6 percent and 7 percent in subsequent years. The US continues to be the biggest contributor to the absolute growth of health premiums globally, driven by the expansion of coverage implemented with the Affordable Care Act. The fastest-growing regional market overall is APAC, mainly fueled by the efforts of companies in China and India to increase health insurance penetration, with China focusing on its aging population and India on its rural population. Net profit margins in APAC are also the highest globally, led by smaller markets such as Hong Kong and Singapore.
Life. Most regions, except the Americas and Western Europe, saw positive life growth in 2016, but the amount of the increase, as well as the factors responsible, varied by region. In a marked departure from 2015, Asian countries, such as China, Hong Kong (analyzed as a separate entity), and India, achieved the strongest gains. Of all life products, endowments experienced the most growth, mainly driven by emerging Asia and the United States, whereas Unit-linked (UL) products have seen a decrease in the United States and Western Europe. The key profit indicator—life return on equity (RoE)—rose from 11 percent in 2014 to 11.8 percent in 2015, but is expected to stabilize at the lower level of 10 percent going forward.
Forecasting methodologyOur volumes-forecasting model is based on a series of historical multivariate regression models that use both macroeconomic drivers and momentum as explanatory variables for premium growth.We run panel regressions with random effects at both country and product-category levels. For life, P&C, and health, we split countries into two or three subgroups, based primarily on each country’s level of maturity. We then run separate regressions for the subgroups at the country and product-category levels, with particular equation specifications for each product.For our profit-forecasting model, we also developed separate methodologies for life, P&C, and health. For P&C and health, we take a driver-based approach in which we forecast separately all of the components of profit (claims, costs, and investment income). For each profit component, we test various specifications, combining macroeconomic variables (such as GDP growth, interest rates, and inflation) and time-series variables (such as momentum effects and mean-reversion effects). The approach for life was similar. That said, since life profits are highly sensitive to capital market and regulatory conditions, any profit forecast is only valid under the assumption of stability on both these fronts.
This week’s item of the week is a rustic 1930’s African Birthing Chair. Although this one isn’t so much of a contraption as some older versions of a birthing chair, it still displays typical traits associated with this style of chair, namely the height (they were typically low to the ground so that the mum could use the ground to push against) and often had a sloping back to provide as much comfort as possible during labour.
A kubbestol is a traditional Scandinavian chair made from a log. The kubbestol was quite common in some districts of Norway from about 1750 to 1960. The chair form was also found in some homes in central Sweden, especially in the districts that border Norway. The kubbestol form can even be found in Denmark, but there it was more often made with wooden staves like a barrel
Logging railroads figured prominently in the expansion of lumbering across northern Minnesota from the 1890s to the end of the white pine era in the 1930s. Lumber production in Minnesota peaked at the turn of the 20th century in part due to the impact of logging railroads. In 1899 Minneapolis was the leading lumber producer in the world and produced nearly 600 million board feet of lumber that year.
By 1910, Minneapolis ranked third nationally in lumber production and in 1919 it closed its last sawmill. Duluth closed its last active sawmill in 1926 and in 1929 the largest white pine sawmill to operate in the state, the Virginia and Rainey Lake Company, cut its last log. When the big sawmill in International Falls closed its doors in 1937, it signified the end of an era in Minnesota’s forest history. During the white pine era, an incredible 67 plus billion board feet of lumber was produced!