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

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

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

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 […]

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

Pakistan Women Crickete Team’s Head Coach Resigns in Unexpected Move

Mark Coles has resigned from the role of Pakistan women’s team head coach in an unanticipated decision due to personal reasons.Mark Coles’ departure, merely four months after his reappointment, has left the Pakistan Cricket Board (PCB) in a state of s…

Mark Coles has resigned from the role of Pakistan women’s team head coach in an unanticipated decision due to personal reasons.

Mark Coles’ departure, merely four months after his reappointment, has left the Pakistan Cricket Board (PCB) in a state of surprise and uncertainty. He has taken an unexpected step back from his role as the head coach of the Pakistan women’s cricket team due to personal reasons.

Mark Coles had expressed enthusiasm upon taking up the position, with hopes of leading the team to international success. His earlier tenure from 2017 to 2019 had seen decent results but his unexpected resignation has left the team in an uncertain situation.

With an important series against South Africa approaching on 1st September, the timing of Coles’ departure has raised questions about the team’s preparation. The PCB assured that a new coach will be named, yet the possibility of having a permanent replacement before the series is unclear.

The team is poised to have a busy year ahead, featuring matches against various international opponents including West Indies, Bangladesh, New Zealand, and England. As the Pakistan women’s cricket team navigates this unforeseen change, they will face the challenge of finding stability and guidance amid a packed season.

Source: Pro Pakistani

Shahnawaz Dahani Questions His Exclusion From ‘List of Pakistani Pacers’

Pacer Shahnawaz Dahani has questioned his exclusion from the list of prominent Pakistani pacers by Rashid Latif as he expressed his disappointment for not being considered by selectors.Dahani has expressed his disappointment over not being mentioned i…

Pacer Shahnawaz Dahani has questioned his exclusion from the list of prominent Pakistani pacers by Rashid Latif as he expressed his disappointment for not being considered by selectors.

Dahani has expressed his disappointment over not being mentioned in a recent statistical comparison of Pakistani List-A pacers by the former cricketer. Rashid Latif highlighted the statistics of top bowlers including Naseem Shah, Shaheen Shah Afridi, Haris Rauf, Wasim Jr, Faheem Ashraf, and Zaman Khan in a tweet, which came as a response to Aaqib Javed’s comparison of Naseem Shah and Zaman Khan.

Dahani took to social media to voice his concerns, questioning whether his contributions had gone unnoticed. He shared his remarkable record of 56 wickets in just 31 matches, boasting an impressive average of 24.35 and an economy rate of 5.65.

“Seems as if Dahani is not a Pakistani pacer?” he wrote, seemingly perplexed by his omission from the list. He went on to express his dismay over the lack of attention from selectors as well as journalists, despite his noteworthy statistics.

Seems as if Dahani is not a Pakistani pacer ???? https://t.co/3bJLmMwBJN pic.twitter.com/GFUGx3eoOE

— Shahnawaz Dahani (@ShahnawazDahani) August 10, 2023

Shahnawaz Dahani’s outspoken statement expressing his frustration and disappointment upon being ignored by the selectors has now sparked discussions among fans on social media.

Source: Pro Pakistani

Tariq Glass Industries Limited Offers to Buy 7.8% Stake in Balochistan Glass

Tariq Glass Industries Limited (PSX: TGL) wants to buy up to 20.47 million ordinary shares (7.82 percent) of Balochistan Glass Limited (PSX: BGL), the company informed the Pakistan Stock Exchange on Thursday.AKD Securities Limited, (Manager to the Off…

Tariq Glass Industries Limited (PSX: TGL) wants to buy up to 20.47 million ordinary shares (7.82 percent) of Balochistan Glass Limited (PSX: BGL), the company informed the Pakistan Stock Exchange on Thursday.

AKD Securities Limited, (Manager to the Offer) submitted a public Announcement of Offer on August 10, 2023, on behalf of TGL to acquire up to 7.8279 percent shares and Joint Control of Balochistan Glass Limited subject to a minimum acceptance level of 5.4795 percent shares followed by the purchase of 50 percent ordinary shares of M/s MMM Holding (Private) Limited which holds 84.34 percent voting shares of Balochistan Glass Limited, a listed company, according to the filing.

TGL made this public announcement of the offer with AKD Securities Limited (AKDS) as manager, under the applicable provisions of the Listed Companies for the acquisition of shares as mentioned above.

The company’s scrip at the bourse closed at Rs. 88.85, up 0.07 percent or Rs. 0.06 with a turnover of 350,297 shares on Thursday.

Source: Pro Pakistani

Pakistan Railways Increases Payment for Nawabshah Train Accident Victims

Pakistan Railways (PR) has increased passenger insurance coverage from Rs. 1.5 million to Rs. 2.5 million.According to the latest media report, the families of passengers who perished in the recent train accident will receive Rs. 2.5 million. In the e…

Pakistan Railways (PR) has increased passenger insurance coverage from Rs. 1.5 million to Rs. 2.5 million.

According to the latest media report, the families of passengers who perished in the recent train accident will receive Rs. 2.5 million. In the event of disability, Rs. 300,000 in insurance coverage will be provided.

PR and the State Life Insurance Corporation have signed an agreement to increase the insurance amount. Minister for Railways Khawaja Safiq Rafiq participated via video link in the signing ceremony.

The minister directed PR executives to visit the homes of passengers killed in the Nawabshah tragedy to identify the rightful beneficiaries of the insurance.

He ordered the timely delivery of cheques to the homes of the deceased and disabled. He also instructed that the afflicted be compensated at their homes.

The accident occurred when Hazara Express derailed approximately 275 kilometers away from Karachi. According to news reports, about 10 coaches went off the rails, causing considerable loss of life and injury.

Source: Pro Pakistani

Islamabad’s ‘Perfect’ Food Safety Standards Exposed in Massive Operation

The Islamabad Food Authority (IFA) carried out inspections on 427 food points throughout the city in July.The results have raised concerns and cast doubts over the previously held reputation of Islamabad’s exemplary food hygiene standards.Surprisingly…

The Islamabad Food Authority (IFA) carried out inspections on 427 food points throughout the city in July.

The results have raised concerns and cast doubts over the previously held reputation of Islamabad’s exemplary food hygiene standards.

Surprisingly, among the numerous food points assessed, only one was found to be compliant with IFA’s hygiene standards. A total of 12 food points were sealed due to severe violations that posed risks to public health.

Substandard items, including chicken, meat, cold drinks, milk, yogurt, and oil, were disposed of to prevent their entry into the food supply chain.

The majority of food points, a concerning 402 in total, received directives from the IFA to enhance their hygiene practices.

Normally, Islamabad’s food hygiene standards have been held as an example for the entire nation. However, this recent series of findings has raised serious questions about the consistency and effectiveness of the city’s food safety enforcement.

As the IFA takes steps to address these issues and improve food hygiene across the city, consumers and authorities alike hope for a swift resolution to ensure the well-being of residents and the reputation of Islamabad’s food industry.

Source: Pro Pakistani

200 Fully Funded Scholarships for Live Online A Level – Homebridge Partners with Akhuwat

In a country where talented students often struggle with quality education, Homebridge and Akhuwat have joined hands to offer 200 fully funded scholarships for live online A Level programme to talented students across Pakistan.Bridging Socioeconomic B…

In a country where talented students often struggle with quality education, Homebridge and Akhuwat have joined hands to offer 200 fully funded scholarships for live online A Level programme to talented students across Pakistan.

Bridging Socioeconomic Barriers Through Quality Education

Through their collaborative Corporate Social Responsibility (CSR) program, they are proud to announce the launch of 200 need and merit-based fully funded scholarships for Pakistani students in their live online A Level program. Students from, both, the private and public sectors can avail this opportunity.

Education has consistently held the reputation of being a key factor in addressing socioeconomic disparities and providing access to better opportunities. However, for a majority of students in Pakistan, financial constraints have often acted as an overwhelming obstacle.

Therefore, Homebridge is Pakistan’s first Cambridge-certified live online A Level programme that offers affordable and quality education to students at just PKR 14,000 per month.

Hence, these scholarships are designed to pave the way for a generation of ambitious young individuals to flourish. This comprehensive programme not only ensures academic excellence, but also provides students with complete access to Beaconhouse campuses for extracurricular activities, libraries, and labs.

Empowering Pakistan’s Youth for a Brighter Future

Furthermore, this initiative will establish a route for students to embark on a journey of discovering potential future prospects, such as pursuing education in foreign countries. It will enable them to receive an excellent education without leaving their homes, a particularly beneficial arrangement for those living in remote regions.

The 100% scholarship package will encompass admission and tuition fees, as well as encompass free counselling for academic and career counselling, sports and extracurricular expenses, and laboratory charges.

Additionally, students will be granted a distinctive chance to engage in the esteemed Duke of Edinburgh Award – a globally acclaimed program for students aged 14 and older.

These scholarships are more than just financial aid, they are a testament to the power of collaboration between the private sector and non-profit organizations, demonstrating how together, they can create positive change in society.

In conclusion, Homebridge and Akhuwat’s CSR initiative to launch 200 need and merit-based fully funded scholarships for students in Pakistan is a transformative step towards empowering the youth. As these young minds thrive and grow, they will become beacons of inspiration, uplifting their families and communities and driving the progress of Pakistan into a brighter future.

Source: Pro Pakistani