QUANTEXA’S GLOBAL PUBLIC SECTOR BUSINESS UNIT TO ENHANCE EFFICIENCY FOR GOVERNMENT AGENCIES

KUALA LUMPUR, Sept 10 (Bernama) -- Quantexa, the global leader in Decision Intelligence solutions, announced it is forming Quantexa Public Sector, a new global business unit dedicated to empowering public sector agencies worldwide to transform government services with artificial intelligence (AI), automation and trusted data.

Quantexa Founder and Chief Executive Officer, Vishal Marria said at present, agencies are increasingly turning to AI to break down data silos and drive better quality insights through augmented and automated decision-making.

“With the formation of our dedicated business unit, we are putting an increased focus on building strong client relations by providing specialised expertise in each region, dedicated customer support, and tailored product innovation that address the specific challenges of government agencies,” he said.

According to a statement, Quantexa is rapidly building a track record of success in the public sector, helping agencies and departments use their cutting-edge Decision Intelligence Platform to better protect and serve more communities while maximising operational efficiencies.

Quantexa public sector clients see success and cost savings achieved across a range of use case scenarios including stopping fraud occurring in tax, grants, and benefits programmes, driving more efficient and effective financial crime and criminal investigations, facilitating the safe and secure movement of people and goods across borders, enriching intelligence operations, and proactive patient care efforts within national health programmes.

The company’s increasing commitment to the public sector comes on the heels of the rapid adoption of AI across government agencies.

Empowering investigative teams and healthcare professionals with critical capabilities such as entity resolution and knowledge graph technologies enables them to cleanse, enrich, match, and understand data by connecting siloed sources and visualising complex relationships in real-world context.

The result is the ability to support multiple use cases from one platform that provides exceptional data accuracy, far better-performing AI models, and effective Gen AI, with intuitive user experiences that improves the ability to collaborate and drives greater effectiveness and efficiency of agency resources.

Quantexa is committed to building a high-impact partner ecosystem to support the unique challenges public sector agencies face, including the need for scalable solutions that work with existing IT infrastructure.

Composed of partners who bring specialised expertise across secure compute, cloud computing adoption, cybersecurity, and managed offerings, Quantexa works with its trusted industry partners to provide unmatched consulting and technology delivery that enhances operational efficiency, champions innovation, and enables agencies to provide better services to the public they serve.

-- BERNAMA

CAIA ASSOCIATION WELCOMES NICK POLLARD AS MANAGING DIRECTOR OF APAC

KUALA LUMPUR, Sept 9 (Bernama) -- The Chartered Alternative Investment Analyst Association (CAIA), the global professional body for the alternative investment industry, announced that Nick Pollard has joined the organisation’s leadership team as Managing Director of Asia Pacific (APAC).

This strategic addition to the team comes as the APAC market emerges as a critical hub for alternative investments, with institutional demand for private capital and diversified strategies continuing to rise.

In a statement, its President and incoming Chief Executive Officer, John L. Bowman said Pollard’s demonstrated leadership is well suited to craft and execute a new strategic blueprint for APAC to ensure the company takes advantage of and serves the population, economic, regulatory, and investment industry tailwinds for that vibrant region.

Meanwhile, Pollard said: “In my experience, APAC investors and investment professionals place huge value on the deep knowledge and global recognition that comes with the CAIA credential. As the industry grows, so will market appetite, and I am thrilled to be joining CAIA and leading this long-term vision across Asia.”

The appointment of Pollard underscores CAIA’s commitment to ensuring that stakeholders across this dynamic region have access to the highest quality education and ethical standards, essential for navigating this evolving investment landscape.

He brings over 15 years of experience in international finance within the APAC region, coupled with a successful seven-year tenure leading the CFA Institute in Asia.

Thus, his extensive background in business development, paired with a deep passion for training, makes him an invaluable asset as CAIA continues to expand its footprint in this key market.

Moreover, the appointment comes at a pivotal time for CAIA as the company anticipates significant growth in the APAC region.

The rise in alternative investment strategies and a shifting investor landscape make it essential that market participants are well-equipped with the knowledge and ethical grounding needed to navigate this evolving environment successfully.

-- BERNAMA

APAC Reinsurers See Significant Gains In Favourable Investment Environment - AM Best

KUALA LUMPUR, Sept 6 (Bernama) -- Major Asia-Pacific (APAC) reinsurance companies saw their composite’s return on equity surge to 9.2 per cent from 0.1 per cent under International Financial Reporting Standards (IFRS) 17, supported by a more stable investment environment and benign catastrophe activity.

This is according to Best's Market Segment Report, “Asia-Pacific Reinsurers Achieve Strong Results in Improved Investment Environment”, a part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.

Other reinsurance-related reports, including AM Best’s ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life/annuity, health and regional reinsurance markets, are available at Best’s Research.

AM Best senior director, head of analytics, Christie Lee said Asian reinsurers’ underwriting strategies for 2024 are diverse and depend on their ability to secure retrocession capacity, as well as their ability to manage the underwriting cycle.

“The large Asian reinsurers have adjusted their catastrophe capacity offerings in their home markets to shrink their catastrophe exposure accumulation, while others have deployed a mature market growth strategy to capture the benefits of material rate increases,” she said in a statement.

According to this report, Asian reinsurers, with business profiles characterised by a more traditional property line focus, as well as a relatively large book of proportional treaties, have benefitted less directly from global reinsurance rate hardening.

Nevertheless, the stability of operating performance of Asia’s reinsurers over the years has been notable, and they are working to improve profitability by expanding business overseas, with China still facing distinct challenges, though, as the country’s post-COVID recovery remains weak.

The report unveiled that the capital position of the major reinsurers in the APAC composite remains robust. Diversification will remain the business philosophy and strategy for Asia’s large reinsurers.

In addition to geographic expansion, diversifying their lines of business from traditional property treaties to building liability, life/health and specialty books of business will allow reinsurers to better manage the reinsurance cycle.

-- BERNAMA

TRACKUNIT'S OPERATING DATA PLATFORM IRISX KEEPS CUSTOMERS AT DIGITISATION FOREFRONT

KUALA LUMPUR, Aug 30 (Bernama) -- Global contech Trackunit has launched its Operating Data Platform IrisX tailored specifically to the off-highway segment of the construction industry.

The new platform effectively breaks new ground by building on the tried-and-tested Iris platform allowing customers to leverage generative artificial intelligence and large language models in a dynamic and evolving, open environment.

Trackunit Chief Executive Officer, Søren Brogaard said it was Gartner that predicted the rise of Industry Cloud Platforms (ICPs) in a report in the fall of 2023, highlighting that more than 70 per cent of enterprises will use ICPs by 2027.

“IrisX is in essence an ICP for off-highway construction, and will exponentially transform productivity and speed to market. This is a purpose built platform that connects, streamlines and empowers data from the back office to the frontlines that takes its place within a wider Cloud and IT architecture,” he said.

In a statement, Brogaard also stated that IrisX is designed to help companies overcome the significant challenges of digital transformation, such as high upfront investment and the scarcity of tech talent.

“By offering a platform that coexists and integrates with existing tools, we ensure faster time to value and impact, making it easier for companies to scale their digital investments.

“With an accelerated time to value and at fractional cost, IrisX is developer friendly and will facilitate the combination of telematics data, operational data and commercial data in one secure and scalable platform with stronger cyber security while also guaranteeing privacy over data,” he added.

IrisX will also enable users to integrate equipment, fleet and site insights across their tech stack, knowing compliance and cyber security concerns are covered via privacy and governance protocols embedded through the ISO 27001 certification.

As a result of Trackunit's year-long efforts to harmonise and clean telematics and operational data in a well structured data lake, Brogaard emphasised that customers can be absolutely confident that they only share the data they want to share when they are ready to do so.

“Customers will also be able to use software development kits to build apps and extensions specifically tailored to their customer base, not only enhancing the service offering but extending the power of their telematics data, proprietary data, and third-party data,” he explained.

Looking ahead, Brogaard shared that IrisX will continue to evolve and develop dynamically for its customers that are already on board and will have a headstart on all the truly exciting developments that will unfold as the platform becomes ever more sophisticated.

-- BERNAMA

BERKSHIRE HATHAWAY SPECIALTY INSURANCE MAKES LEADERSHIP APPOINTMENTS IN ASIA

BOSTON & SINGAPORE, Aug 26 (Bernama-BUSINESS WIRE) -- Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Kiran Prakash Head of First Party Lines, overseeing Energy, Construction and General Property in Asia, and promoted Jessie Yuen to Head of Energy, Asia. Jessie succeeds Min Ong who has relocated to London where she is Underwriting Manager, Energy Property, at BHSI. Jess Au continues in her role as Head of General Property in Asia.

"BHSI has seen strong profitable growth in Asia. Kiran, building and developing our Construction business, and Jessie, strategically positioning our Energy Property portfolio in the market, have been pivotal to our expansion,” said Marc Breuil, Head of Asia and the Middle East, BHSI. “Our success is a credit to their excellent work bringing the ‘BHSI story’ to the marketplace and building strong relationships.”

Kiran joined BHSI in 2015 as Vice President, Regional Head of Engineering and Builders Risk in Asia, and continues to hold this role as well. A mechanical engineer by training, he has nearly 20 years of insurance industry experience.

Jessie joined BHSI in 2019 as a Property Energy Underwriter and has more than 20 years of experience with first-party lines. In her new role, Jessie will oversee BHSI’s Property Energy business in Asia, providing solutions for power, mining, and oil & gas customers throughout the region.

Berkshire Hathaway Specialty Insurance Company (incorporated in Nebraska, USA) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance. The actual and final terms of coverage for all product lines may vary. In the Asia Middle East region, it underwrites on the paper of Berkshire Hathaway Specialty Insurance Company, which holds financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Columbia, Dallas, Houston, Indianapolis, Irvine, Los Angeles, New York, Plymouth Meeting, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Barcelona, Brisbane, Brussels, Cologne, Dubai, Dublin, Frankfurt, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Milan, Munich, Paris, Perth, Singapore, Stockholm, Sydney, Toronto, and Zurich.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20240825976833/en/

Contact

JoAnn Lee / +1 617.936.2937

Source : Berkshire Hathaway Specialty Insurance

NABLA WORKS' FACE RECOGNITION ACCESS SOLUTIONS IMPROVE SAFETY, CONVENIENCE

KUALA LUMPUR, Aug 22 (Bernama) -- Nabla Works Corp has launched Face Recognition Access Solutions utilising advanced image recognition technology with the aim to provide information technology-based convenience and efficiency for various industries via artificial intelligence.

According to a statement, the Face Recognition Access Solutions can be used in a variety of situations, such as employee access control, attendance control, and facility reception.

In addition to improving security through highly accurate face recognition, it also improves convenience for administrators and users by eliminating the need to carry IC cards or smartphones for authentication.

The face recognition device offers the world's highest level of face recognition functionality, with an authentication speed of 0.3 seconds or less and an authentication accuracy of 99 per cent or higher.

The built-in biometric detection function prevents spoofing using video or images and provides speedy and secure access control, and a software development kit (SDK) optimised specifically for this device is also provided.

Meanwhile, the face recognition access management software is for use with the face recognition device. The visually intuitive user interface (UI), including a dashboard function, enables management of devices, user privileges, and authentication history.

The company plans to sequentially roll out SDKs for face recognition server software/clients, face recognition camera module terminals, as well as face recognition reception terminals.

Nabla Works is also actively seeking distributor partners that are familiar with the local market and those who are able to work with the company to sell, implement, and provide after-sales support for Nabla Works' solutions in each region.

-- BERNAMA

SOLARMAX TECHNOLOGY EXPANDS US FOOTPRINT WITH NEW COMMERCIAL SOLAR PROJECT IN CALIFORNIA

RIVERSIDE, Calif., Aug 16 (Bernama-GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, signed a non-binding term sheet for a significant new commercial solar project in California. The project, a major mall in the San Jose area, represents another step forward in SolarMax' ongoing strategy to expand its solar development capabilities in the US commercial market.

The proposed California project is to include the development and management of a 4.17 megawatt (MW) photovoltaic solar power plant and a 2.0 MW energy storage system. As part of the project, SolarMax will also oversee the replacement of the mall’s roof to support the new solar infrastructure.

“A key component of our strategic growth plans is the expansion of our commercial solar development services in the US,” stated David Hsu, CEO of SolarMax. “By leveraging our experience in successful large-scale solar projects, we believe we are well-positioned to establish a major presence in the burgeoning US solar market, and completing this project would represent another important milestone on that journey.”

The Power Purchase Agreement (PPA) for this project will provide a long-term framework that supports the financing, ownership, and operation of the solar and energy storage system. SolarMax will seek a PPA investor to fund the project, offering both immediate and sustained value over the agreement's duration.

The project is subject to the negotiation and execution of a definitive agreement between the mall owner and SolarMax, SolarMax obtaining a financing source for the project and negotiating an agreement with the financing source, with the financing source owning the project when completed, and the negotiation of an agreement between the project owner and the mall owner with respect to the sale of the electricity generated by the project to the mall owner.

Solar energy is the fastest-growing source of renewable energy in the US, which is currently the second-largest PV market globally. The U.S. Energy Information Administration has forecasted that U.S. solar power generation will grow 75% from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh in 2025.

SolarMax is leveraging its proven large-scale solar project experience to seek to establish itself as a go-to provider for US commercial solar projects through the roll-out of comprehensive development services.

SolarMax’ commercial solar development offerings include advanced technology, customized solutions, and a client-centric approach to project management, with a goal of delivering projects on time and within budget.

About SolarMax Technology Inc.

SolarMax, based in California and founded in 2008, is a leader within the solar and renewable energy sector focused on making sustainable energy both accessible and affordable. SolarMax has established a strong presence in the California and began operations in China in 2016. SolarMax is looking to generate robust growth with strategic initiatives that aim to scale commercial solar development services and LED lighting solutions in the US while expanding its residential solar operations. For more information, visit www.solarmaxtech.com.

Any information contained on, or that can be accessed through, our website or any other website or any social media is not a part of this press release.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements are subject to risk and uncertainties, including but not limited to SolarMax’ ability to negotiate contracts with the mall owner and to identify and enter into a financing agreement with a financing source for the project and the ability of the financing source to enter into an agreement with the mall owner for the sale of the solar power generated by the solar system, SolarMax’ ability to be accepted as a provider of commercial solar systems in the United States, SolarMax’ ability to translate its experience in China, where it has not completed an installation since 2021, to the current United States market, and those described in “Cautionary Note on Forward-Looking Statements” “Item 1A. Risk Factors,” and “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on April 16, 2024 and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s report on Form 10-Q for the quarter ended March 31, 2024, which was filed with the SEC on May 15, 2024. SolarMax undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect. 

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