Day: 10 August 2023

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eXp Realty Exceeds 1,000-Agent Milestone in South Africa

eXp Realty Exceeds 1,000-Agent Milestone in South Africa

eXp Realty today announced it has exceeded 1,000 agents across South Africa, representing an over 74% increase from the 574 total agent count in July 2022

BELLINGHAM, Wash., Aug. 10, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced it has exceeded 1,000 agents across South Africa, representing an over 74% increase from the 574 total agent count in July 2022.

“This is a proud moment for eXp Realty South Africa as we reach such a huge milestone,” said Michael Valdes, Chief Growth Officer, eXp Realty. “Our attractive and continuously evolving agent-centric value proposition continues to resonate with agents from around the world and we are so thrilled to be home to over 1,000 real estate professionals in South Africa!”

According to Andrew Thompson, Director and Country Leader of eXp Realty South Africa, eXp South Africa has had more transactions in the first six months of this year compared to last year. “eXp South Africa has realized a cash-flow positive, debt-free and profitable operation in its first 15 months since receiving its license via the Property Practitioners Regulatory Authority back in December 2020,” said Thompson.

“Since its inception, eXp has remained committed to putting agents first to equip them with the knowledge and tools necessary to reach their full potential. I am so proud to be able to lead such an incredible group of agents through this expansion and beyond,” he added.

eXp South Africa is proudly committed to serving the community, having recently donated R350,000 to Dr. Imtiaz Sooliman of Gift of the Givers to support local and international communities.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com. 

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f5cf167-2910-43fd-8a41-dfc00358fa16

GlobeNewswire Distribution ID 8892150

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Duck Creek Technologies Expands to the Indian Market, Offering Its Global Core Technology Platform to India-Based Insurance Carriers

The company’s Indian subsidiary signs its first full-suite customer partnership in the region with HDFC ERGO

Mumbai, Aug. 09, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, today announced a historical milestone with its expansion into the Indian general insurance market. Duck Creek Technologies India LLP now offers India-based insurers the ease, convenience, and power of modern cloud-based software-as-a-service (SaaS), delivered as a full suite of capabilities or as stand-alone solutions. With this expansion, Duck Creek reinforces its market commitment by establishing its data center in India, supported by nearly 1,000 local employees.

In partnership with its first core systems full-suite India-based insurance customer, HDFC ERGO General Insurance Company Limited (“HDFC ERGO”), Duck Creek will deploy its intuitive, user-friendly, and powerful solutions to empower HDFC ERGO to take new products to market faster and significantly improve their customers’ experience throughout the policy lifecycle and across the insurer’s entire portfolio. Duck Creek’s products and solutions will holistically bring a competitive advantage to HDFC ERGO across its entire system, portfolio and operations.

Speaking about the partnership, Sriram Naganathan, President and Chief Technology Officer, HDFC ERGO General Insurance, said, “As a leading insurer of the country, at HDFC ERGO, it has been our priority in adopting innovative technologies to address the evolving demands of our customers and offer them an enhanced customer experience. Being a digital insurer of scale, our partnership with Duck Creek Technologies India LLP is a crucial step towards unlocking the full potential of HDFC ERGO’s wide insurance solutions and enabling us to offer efficient delivery and more convenience for our customers. Duck Creek’s SaaS solution will empower our advanced AI/ML models, providing essential digital capabilities to meet the critical needs of our customers and partners.”

Rohit Bedi, Chief Revenue Officer, Duck Creek Technologies, stated, “Our commitment to HDFC ERGO aligns with their outstanding vision to make insurance easier, more affordable, and more dependable for all the people in India. We are extremely proud to be a partner to HDFC ERGO, India’s leading insurance brand, in their journey to transform general insurance services in the region.” Bedi added, “This is a significant milestone in Duck Creek’s continued growth as a leading SaaS choice for insurers worldwide. Duck Creek’s partnership with HDFC ERGO is another proof point that our global technology solutions are geared towards enabling a more modern and efficient insurance enterprise.”

Drawing on its experience supporting the world’s largest insurers and reinsurers, Duck Creek will offer its suite of SaaS-based core insurance delivery solutions, including policy, claims, billing, rating and reinsurance, to help Indian general insurers innovate and modernize their products and services.

“Duck Creek is truly excited to enter the Indian insurance market with our global solutions. We want to empower insurance companies in India with hyper-personalized insurance solutions that help customers buy or service insurance from any device and anytime. Customers from all parts of India can feel secure knowing they are covered and can raise claims anytime,” said Shaji Sethu, Managing Director APAC, Duck Creek Technologies.

The Indian insurance market was valued at $127 billion in 2021 ($30 billion, represented in the non-life sector). It is anticipated to grow to over $200 billion by 2027, which presents an exciting opportunity for Duck Creek.

About HDFC ERGO

HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited (Bank), one of India’s leading private sector banks, the Company has become a subsidiary of the Bank. HDFC ERGO is the second largest non-life insurance company in the Private Sector as on 31st March 2023 based on gross premium garnered. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience. The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~94% of retail policies issued digitally. HDFC ERGO’s technology platform has empowered the customers to avail 69% of the services digitally on a 24×7 basis with ~19% of the customer requests serviced by Artificial Intelligence-based tools. In FY23, the company has issued 1.22 crore policies and has settled ~50 lakhs claims. The Company has an active data base of 1.5+ crore customers. HDFC ERGO is present in 496 districts of the country through their 215 branches, 10,000+ employees and 1.8 lakhs agents and channel partners.

HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

Please log on to www.hdfcergo.com or stay connected on the following social media handles to get more information on HDFC ERGO and the products and services offered by the company.

Facebook: https://www.facebook.com/hdfcergo

Twitter: https://twitter.com/hdfcergogic

LinkedIn: https://www.linkedin.com/company/hdfcergo

YouTube: https://youtube.com/c/hdfcergo

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
+1201-962-6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8890991

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EVYD Technology, collaborates with the National University of Singapore Saw Swee Hock School of Public Health and Precision Public Health Asia Society for Leadership Forum to advance Precision Public Health in Asia

SINGAPORE – Media OutReach – 10 August 2023 – EVYD Technology, in collaboration with the National University of Saw See Hock Public School and Precision Public Health Asia Society, announces the successful conclusion of the Leadership Forum on Progressing Precision Public Health in Asia, held in conjunction with the 3rd ASEAN Digital Public Health Conference. The forum took place on 12 July 2023, at the Courtyard by Marriot Singapore Novena.

Participants at the Leadership Forum on Progressing Precision Public Health in Asia

The Leadership Forum, a biennial regional gathering focused on precision public health in Asia, provided a closed-door platform for health sector leaders from across the Southeast Asia region to share insights and examine the growing role of digital technology in shaping public health initiatives. The key focus was on building awareness and driving action toward the progression of precision public health and its advancement in the region.

The discussions were underpinned by the overarching thread of improving population health through the lens of precision medicine, digital health, and big data. Participants shared insights, discussed challenges, and explored innovative solutions that could revolutionize healthcare delivery in Southeast Asia.

In attendance were distinguished health leaders, including YB Dato Seri Setia Dr Haji Md Isham bin Hj Jaafar, Minister of Health of Brunei Darussalam; Dr Hjh Anie Haryani Haji Abd Rahman, Acting Deputy Permanent Secretary (Policy and Management), Ministry of Health of Brunei Darussalam; and Pg Dr Noor Affizan binti Pg Hj Abd Rahman, Medical Superintendent, Ministry of Health of Brunei Darussalam.

The discussions were enriched by the contributions of industry leaders from other regions. Among these leaders were Ming Jie Chua, Chief Executive Officer of EVYD Technology; Ms Ying Ying Yeo, General Manager of Roche Pharma Singapore; and Mr Abram Suhardiman, Executive Vice Chairman, Healthway Medical Group. These leaders provided valuable insights.

The discourse on critical topics such as population health, precision health and digital health were further enlightened by accomplished academics like Dr Dewi Nur Aisyah, Senior Health Informatics Expert & Head of Primary Care Tribe Digital Transformation Office, Ministry of Health of Indonesia; Professor Mayfong Mayxay, Vice President of the Lao University of Health Sciences (UHS), Ministry of Health of Lao PDR; and Dr Somsak Chunharas, President, National Health Foundation. Adding to the rich discourse was Professor Teo Yik Ying, Dean, Saw Swee Hock School of Public Health, National University of Singapore; Adj A/Prof Raymond Swee Boon Chua, Deputy Director-General of Health, Health Regulation Group and Assistant Commissioner, Cybersecurity (Healthcare), Ministry of Health of Singapore; and Dr Dhesi Raja, Vice Chair, Board of Advisory, HIMSS Asia Pacific (Healthcare Information and Management Systems Society).

The Leadership Forum is recognized as a satellite event co-organized by the PPHA 2023 Conference and EVYD Technology, in conjunction with the 3rd ASEAN Digital Public Health Conference. The successful co-organization of this forum highlights EVYD Technology’s commitment to leveraging technology to enhance public health outcomes in the Southeast Asia region.

“This collaborative effort underscores our dedication to utilizing technology to improve public health outcomes in Southeast Asia,” said Ming Jie Chua, CEO of EVYD Technology. “By bringing together the region’s health leaders, we are fostering collaborations to drive the implementation of precision public health strategies.”

The forum which ran parallel to the 3rd ASEAN Digital Public Health Conference served as a key gathering for experts and policymakers across Southeast Asia to delve into the integration of precision medicine, digital health, and big data in public health strategies. Aiming to assemble healthcare leaders consistently every two years, this cadence aims to maintain momentum in the dialogue and advancement of public health issues. This biennial platform is strategically designed to foster a continuous focus on the advancement of public health, offering a chance for participants to engage with and learning from the experiences and insights of their peers. Attendees agreed on the immense potential these fields hold for improving health outcomes in the region.

The partners look forward to continuing these important conversations and driving the advancement of precision public health in Asia. More details about the Leadership Forum’s outcomes and next steps will be shared in the coming weeks.

About EVYD Technology

EVYD is a Southeast Asia-based healthcare technology company with a vision to build a future where everyone can access better health. We leverage our deep expertise in healthcare data processing and AI to enable our partners to gain insights for informed decision making in healthcare and implement personalized health promotion, risk assessment and chronic disease management programmes at scale to improve population health outcomes.

For more information, visit https://www.evydtech.com.

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Israeli settlers break into Jerusalem’s Aqsa mosque

Dozens of fanatic Israeli settlers Thursday morning broke into the compounds of al-Aqsa Mosque under heavy protection from the Israeli police. The extremist settlers, divded into groups, raided the holy Islamic Mosque from al-Maghariba gate and took provocative tours in its compounds. It added that the settlers performed Talmudic rituals in the eastern part of the Mosque. This comes at a time as Israeli forces intensify measures against Palestinians coming from Jerusalem to enter the Mosque, inspecting their IDs and briefly detaining them.

Source: En – Palestine news & Information Agency – WAFA

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4.8-Magnitude Earthquake Hits Eastern Peru

An earthquake measuring 4.8 magnitude on the Richter scale hit Thursday Ucayali Province in eastern Peru.

The Geophysical Institute of Peru (IGP) said that the epicenter of the earthquake occurred 42 km from the city of Pucallpa, at a depth of 153 km.

There have been no reports of casualties or material damage as a result of the earthquake so far.

On June 8, an earthquake of 5.4 magnitude hit the coast of Arequipa, southwestern Peru, at a depth of 35 km.

Peru is exposed to at least 400 earthquakes every year due to its location on the Pacific Ring of Fire.

Source: Qatar News Agency

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Al-Hamli & Al-Bakhiti meet Firnas Shuman Consulting Company team in electricity generation field

The Secretary-General of the Supreme Council for the Management and Coordination of Humanitarian Affairs and International Cooperation, Ibrahim Al-Hamli, and the Minister of Electricity and Energy, Dr. Muhammad Al-Bukhaiti, met today ,Thursday, with the team of Firnas Shuman Company, a global consultancy working in the field of electricity generation and renewable energy.

The meeting discussed aspects related to the involvement of experts and consultants in the preparation of studies on renewable energy projects in Yemen.

In the meeting, the Secretary-General of the Humanitarian Affairs Council affirmed his keenness to implement development projects in the field of energy and electricity, to contribute to improving electricity services, especially in light of the worst humanitarian crisis in the world that Yemen is going through as a result of the aggression and blockade.

For his part, Al-Bukhaiti pointed out the importance of involving experts and consultants with scientific competencies in preparing studies for renewable energy projects in Yemen, to ensure the development of the electricity sector and achieve sustainability in the field of energy.

He stressed the importance of integrating efforts and working in a team spirit to alleviate the citizens’ suffering in light of the current conditions the country is going through.

The meeting was attended by the Assistant Undersecretary for the Planning and Projects Sector at the Ministry of Electricity, Eng. Ahmed Al-Mutawakil, Head of the International Cooperation Department of the Council for Humanitarian Affairs Faisal Modhesh, Director of UN Organizations in the Council, Turki Jamil, and Director of Renewable Energy, Muhammad Al-Talou’.

Source: Yemen News Agency

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On 71st anniversary.. RHDC publishes letter of proclaiming King Hussein as constitutional monarch

Friday, August 11, will mark the seventy-first anniversary of the proclamation of His Majesty King Hussein bin Talal, may his soul rest in peace, as King of the Hashemite Kingdom of Jordan. On this occasion, the Royal Hashemite Documentation Centre (RHDC) published the official letter proclaiming Al-Hussein as the constitutional monarch of the Kingdom, entitled “The Jordanian Throne”. The letter was sent by the Speaker of the Parliament to the Prime Minister back then, pertaining the end of His Majesty King Talal bin Abdullah term, based on paragraph (m) of Article 38 of the constitution. The letter includes proclaiming His Royal Highness, Crown Prince Al-Hussein, as a constitutional monarch of the Hashemite Kingdom of Jordan. The late King Hussein bin Talal assumed his constitutional powers, and ascended the throne on May 2, 1953, when he was seventeen years old.

Source: Jordan News Agency

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Jerash Municipality conducts field surveys for state lands encroachments

The Greater Jerash Municipality has begun conducting field surveys and filling out the initial classification card for encroachments on state lands within the municipality’s area. Feld surveys were carried out to be delegated to the violators, provided that the encroachment was a building that existed before September 2018, Mayor Ahmed Hashem Al-Atoum told the Jordan News Agency (Petra). Al-Atoum said these surveys are supervised by a joint committee of various competent government institutions without charging any fees from citizens directly, and payments are limited after conducting an appraisal of the value of the land and signing an official authorization agreement. Al-Atoum called for visiting the municipality’s organization department during official working hours and filling out the necessary form for those whom the committee did not visit and filling out the form for them.

Source: Jordan News Agency

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US President declares state of major disaster in Hawaii

US President Joe Biden on Thursday declared that a major disaster exists in the State of Hawaii and ordered Federal aid to supplement state and local recovery efforts in the areas affected by wildfires beginning on August 8, and continuing. Biden’s action makes Federal funding available to affected individuals in Maui County, a White House statement said Thursday. Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners recover from the effects of the disaster. “Jill and I send our deepest condolences to the families of those who lost loved ones in the wildfires in Maui, and our prayers are with those who have seen their homes, businesses, and communities destroyed. We are grateful to the brave firefighters and first responders who continue to run toward danger, putting themselves in harm’s way to save lives,” Biden said.

Source: Jordan News Agency

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ArabEMBs Executive Office holds meeting in Amman

Executive Office of the Organization of Arab Electoral Management Bodies (ArabEMBs) on Thursday held a meeting in the ArabEMBs permanent headquarters in Amman. The meeting discussed ArabEMBs programs, activities and priorities in the coming period. The meeting was chaired by ArabEMBs President, Chairman of the Independent Election Commission (IEC), Musa Maaytah, in the presence of President of the executive office, Hisham Kheil, and the executive office member, Abdul Hakim Belkhair, according to an IEC statement. The meeting covered detailed plans for ArabEMBs’ work and setting the date for the General Assembly meeting, scheduled for November, in addition to activating the role of the Arab Network for Women in Elections and the Arab Network for Youth in Elections, and working to overcome obstacles face their work. In the meeting, Maaytah stressed the need to implement the content of the ArabEMBs’ action plan and its networks based on the strategic plan deliverables, and to set a date for the sixth General Assembly meeting. For his part, Kheil presented a summary of the ArabEMBs’ activities and evaluation, and activities of the next phase. The meeting discussed means of cooperation with partners and donors on participating in the implementation of ArabEMBs projects and activities and its networks, and defining the priorities of its work for the coming period, in addition to meeting with representatives of the United Nations Development Program (UNDP)’s regional project for electoral support in Arab countries to discuss the importance of continuing joint cooperation for the next stage.

Source: Jordan News Agency

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Crown Prince visits Maan, thanks Jordanians for joining in his wedding celebration

His Royal Highness Crown Prince Al Hussein bin Abdullah II visited Maan on Thursday, and thanked all Jordanians for joining in the celebration of his wedding. At a meeting with leading figures from the governorate, Crown Prince Al Hussein said Maan residents have always modelled honourable stances in service of the nation. His Royal Highness said the palace of King Abdullah I, at which the meeting was held, carries great significance for Jordanians, as it witnessed the initial steps to establish the state, and was a key milestone for the Great Arab Revolt. The Crown Prince said the palace is part of Jordanian heritage and all share the responsibility of preserving it, noting that he will follow up on its restoration to become a major tourist destination in Maan. Turning to the importance of Maan’s location on the pilgrimage route, His Royal Highness commended the role of the governorate’s residents in receiving pilgrims on their way to perform Hajj, the greater Muslim pilgrimage to Mecca. Attendees welcomed the Crown Prince, and underlined the importance of the regular outreach by His Majesty King Abdullah and His Royal Highness to Jordanians across the country. They commended His Majesty’s keenness to follow up on the progress of implementing the three modernisation tracks, lauding his principled positions towards Arab causes. The speakers also stressed the importance of the restoration of the palace of King Abdullah I in Maan, commending the Brothers in Arms initiative to support military retirees, and stressing the need to join political parties to advocate for reform across various sectors. They highlighted a number of concerns in the governorate, including water scarcity, and the need to focus on agriculture and attract investments to reduce unemployment among young people.

Source: Jordan News Agency

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PM: The Govt Is Continuing On More Than One Level To Improve The Reality Of The Electricity Grid / More

The Prime Minister, Muhammad Al-Sudani, confirmed today, Thursday, that the government is continuing on more than one level to improve the reality of the electrical system.

Al-Sudani said during the inauguration of the two installed units at Amarah gas power station: “The two units will contribute to reducing the operating budget spending.”

According to a statement by his media office, Al-Sudani blessed the efforts of the staff working in the Ministry of Electricity and the executing company to complete this project, which will supply the grid with a new capacity of 250 megawatts.

The Prime Minister confirmed, during the inauguration of the two units, that these strategic projects will contribute to reducing the expenditure of the operational budget, especially with regard to importing gas, which are ongoing projects since 2019, and come within the government’s direction to complete the stalled and lagging projects.

He pointed out: “The direction of the government and the Ministry of Electricity, during the last stage, focused on the implementation of combined cycle projects, and the first phase was signed to produce approximately 1140 megawatts of electrical energy, and it is hoped to sign the second phase of combined cycle projects, so that the total energy reaches to 4 thousand megawatts will be used without the need for additional fuel.

Al-Sudani indicated that the government is continuing on more than one level to improve the reality of the electricity system, stressing that all the problems and crises that the electricity system was exposed to are outside the control of the ministry, due to the problem of importing gas, which the government addressed through decisions taken for the first time, as the issue of payment of dues was resolved by bartering crude and black oil with neighboring Iran, which supplies Iranian gas to operate the stations.

Al-Sudani also referred to future and permanent solutions to invest in gas that is burned and not invested, through a Total contract or the fifth round or contracts that are expected to be signed soon. These projects, which will also provide energy independence and dependence on Iraqi gas./ End

Source: National Iraqi News Agency