KUALA LUMPUR, Nov 30 (Bernama) -- A.M. Best -- a global rating and information provider with a unique focus on the insurance industry agency -- has revised the outlooks to negative from stable of Labuan Reinsurance (L) Ltd (Labuan Re) Malaysia.
The revision of the outlooks to negative reflects the agency’s concern over the company’s ability to maintain its adequate operating performance, amidst challenging market conditions as it faces execution risk in remediating its underwriting portfolio. A revision of the outlooks to stable could occur if Labuan Re can substantially improve and sustain its underwriting performance while maintaining its solid risk-adjusted capitalization, a statement said. In the same statement, A.M. Best also has affirmed Labuan Re’s Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ‘a-’. The ratings reflect its balance sheet strength which A.M. Best categorized as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The company Lloyd’s business which generates about half of its premiums has been impacted by large claims events in 2017 and 2018 whereby its domestic business also was impacted by several large fire losses. It has decided to review its participation in several of the Lloyd’s syndicates and also will re-examine the composition of its non-Lloyd’s portfolio. However, execution risk will be present as the company adjusts its portfolio. A.M. Best commented that negative rating actions could occur if there is no considerable improvement in the company’s underwriting results or if the company’s business profile weakens. More details on www.ambest.com. -- BERNAMA
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Invivoscribe also Receives National Reimbursement for CDx Assay in Japan
SAN DIEGO, Nov 30 (Bernama-GLOBE NEWSWIRE) -- Invivoscribe is pleased to announce FDA approval of both the LeukoStrat CDx FLT3 Mutation Assay and the Astellas drug, XOSPATA (gilteritinib fumarate), for treatment of FLT3 positive refractory/relapse acute myeloid leukemia (AML) patients in the US. Further, the Japanese MHLW has confirmed national reimbursement for the LeukoStrat CDx FLT3 Mutation Assay in Japan. Invivoscribe developed the LeukoStrat CDx FLT3 Mutation Assay in partnership with Astellas as the companion diagnostic to predict patient responses to Astellas Pharma's AML drug XOSPATA (gilteritinib fumarate). This approval complements Invivoscribe’s prior regulatory approvals of this LeukoStrat CDx FLT3 Mutation Assay as the companion diagnostic for RYDAPT (midostaurin) for Novartis (United States and Europe), and XOSPATA (gilteritinib fumarate) for Astellas (Japan). This CDx was also recently submitted to the PMDA in Japan and the US FDA as the CDx for predicting response to the Daiichi Sankyo drug, quizartinib hydrochloride. This milestone further establishes the LeukoStrat CDx FLT3 Mutation Assay as the international gold standard for comprehensive FLT3 assessment for critically ill AML patients as this CDx identifies both ITD and TKD mutations (including large internal tandem duplications), is available worldwide, and generates standardized signal ratios for both ITD and TKD mutations. “Invivoscribe welcomes opportunities to use our Streamlined CDx™ program to partner with global pharmaceutical companies interested in developing and commercializing companion diagnostics, whether their therapies are targeting hematologic diseases or solid tumors,” said Jeffrey Miller, Invivoscribe’s CSO and CEO. About the Invivoscribe LeukoStrat CDx FLT3 Mutation Assay The LeukoStrat CDx FLT3 Mutation Assay is a PCR-based, in vitro diagnostic test designed to detect internal tandem duplication (ITD) mutations and tyrosine kinase domain (TKD) mutations D835 and I836 in the FLT3 gene in genomic DNA extracted from mononuclear cells obtained from peripheral blood or bone marrow aspirates of patients diagnosed with acute myelogenous leukemia. This globally standardized test includes software that interprets data, generates mutant/wildtype signal ratios for ITD and TKD mutations, and predicts response to both gilteritinib fumarate and midostaurin. This extensively validated assay helps standardize the detection of genetic mutations in the FLT3 gene as one of the most important driver mutations in Acute Myeloid Leukemia (AML). The LeukoStrat test is available as a test menu service through the Invivoscribe subsidiaries, LabPMM LLC (San Diego, CA, US), LabPMM GmbH (Martinsried, Germany) and LabPMM GK (Kawasaki City, Japan). LeukoStrat CDx FLT3 Mutation Assay kits are currently distributed in Europe, will be available in Japan in 2018, and are planned for distribution in the United States, and China in the future. About Invivoscribe Invivoscribe is a privately held biotechnology company dedicated to Improving Lives with Precision Diagnostics™. For nearly twenty-five years, Invivoscribe has improved the quality of healthcare worldwide by providing high quality, standardized reagents, tests, and bioinformatics tools to advance the field of precision medicine. Invivoscribe has a successful track record of partnerships with global pharmaceutical companies interested in developing and commercializing companion diagnostics, and provides expertise in both regulatory and laboratory services. Providing distributable kits, as well as clinical trial services through its globally located clinical lab subsidiaries (LabPMM), Invivoscribe is an ideal partner from diagnostic development, through clinical trials, regulatory submissions, and commercialization. For additional information please contact Invivoscribe at [email protected] or visit www.invivoscribe.com. SOURCE : Invivoscribe, Inc. KUALA LUMPUR, Nov 30 (Bernama) -- Sigma Systems -- a global leader in catalog-driven software -- has been recognised and placed for the first time within the Gartner November 2018 Magic Quadrant for Configure, Price and Quote Application Suites.
The recognition reflects the company’s unique expertise serving communications service providers and is backed by a strong base of large global CSPs that rely on Sigma software for creating, selling and delivering new digital products and services faster and more profitably, a statement said. Chief Executive Officer of Sigma Systems, Tim Spencer said the placement is a testament to the company’s expertise in helping service providers overcome the unique complexities inherent within the communications industry in selling and managing services for customers. Service providers are encouraged to check out the company’s Create-Sell-Deliver Portfolio of software products and download a complimentary copy of the Gartner Magic Quadrant for Configure, Price and Quote Application Suites to create, sell and deliver differently. Sigma Systems provides software solutions for communications, media and high-tech companies. It serves over 80 customers in 40 countries with its award-winning products. More details on www.sigma-systems.com. -- BERNAMA REGTECH100 honours Jumio and its innovative Netverify® solution for enabling financial institutions to reliably verify their online customers, defend against fraud and meet growing compliance mandates
LONDON, Nov 29 (Bernama-GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced that it has been chosen as one of REGTECH100’s most innovative companies for the second consecutive year. A panel of analysts and industry experts chose winners from a list of 824 candidates from across the world, which is nearly double the number of companies considered last year, highlighting the rapid growth and competitive nature of the RegTech industry. FinTech Global, a London-based FinTech publication, is behind REGTECH100. The selected companies were recognised and commended for their innovative use of technology to generate efficiencies and performance enhancements across the compliance function with financial institutions. “We are honoured to be recognised for the second consecutive year for our work as a world leader in online identity verification,” said Stephen Stuut, CEO of Jumio. “This is further validation of our continuous innovation in next-generation digital identity verification. It recognises the benefits of pioneering augmented intelligence, machine learning and deep learning algorithms to better identify fraudulent IDs and expedite the verification process.” Jumio’s state-of-the-art Netverify enables businesses to reduce fraud and increase revenue while helping them to provide a fast, seamless customer experience. Jumio uses a combination of biometrics, computer vision, machine learning, AI and verification experts to verify ID credentials issued in 220 countries and territories and better protect the ecosystems of its business customers. Leading organisations and companies including HSBC, Coinbase, Monzo and others in the financial services industry use Jumio’s solutions to enable them to verify their online users, detect fraudulent IDs, and meet compliance mandates. To learn more about Jumio and its award-winning solution, please visit: https://www.jumio.com/trusted-identity/netverify/. About Jumio When identity matters, trust Jumio. Jumio is the creator of Netverify which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core pillars of ID Verification, Identity Verification and Document Verification, businesses now have a complete solution that allows them to establish the real-world identity of the consumer. Leveraging advanced technology including augmented AI, biometric facial recognition, machine learning and human review, Jumio helps organizations to meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 150 million identities issued by over 200 countries and territories from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, cryptocurrency, retail, travel and online gaming sectors. Based in Palo Alto, California, Jumio operates globally with offices in the U.S., Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com. About REGTECH100 The REGTECH100 is an annual list of 100 of the world’s most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies. The 2018 REGTECH100 list received worldwide attention. Companies that won places on the list generated huge awareness among financial institutions. Many were approached directly by banks and other major FIs, while others got a more welcome reception from prospective clients, which has led to new partnerships, new investments and increased sales. The list has been updated for 2019 in the fact of the new regulatory challenges financial institutions are facing. It will help senior management at compliance, technology and innovation divisions sort through all the suppliers and identity companies who are most likely to have a lasting impact on the industry. http://mrem.bernama.com/viewsm.php?idm=33333 KUALA LUMPUR, Nov 29 (Bernama) -- The 21st century will be shaped by Millennials who have become the largest demographic group on the planet which 58 per cent from the numbers located in Asia Pacific, according to a futurologist, Rocky Scopelliti.
Scopelliti in his new book -- Youthquake 4.0 - A Whole Generation and The New Industrial Revolution -- stated Chinese Millennials wallet size has surged to exceed, held by the average Chinese adult population by 16 per cent. The book published globally by Marshall Cavendish, deconstructs contemporary global issues, super-charged by the impact of Millennials influence and the 4th Industrial Revolution, a statement from Youthquake said. “The share of Millennial-controlled global wealth in Asia Pacific has reached 45 per cent, exceeding the America’s by 22 per cent and Europe, Middle East, Africa by 14 per cent. The amount will double to US$35.3 trillion by 2020,” said Scopelliti. (US$ 1 = RM4.19) “To put this into perspective, by the same time, US GDP is projected to be only US$22 trillion and Eurozone US$13 trillion. Chinese Millennials are the first in Asia to become the most valuable demographic group and an economic force to be reckoned with” added Scopelliti. Among the investments in emerging technology breakthroughs including areas of artificial intelligence, robotics, the Internet of Things (IoT), autonomous vehicles, 3D printing, biotechnology, nanotechnology and blockchain are laying the foundations of the Asian century. More than 150 boards and leadership teams including Fortune 100 companies seek Scopelliti’s strategic advice annually. More details on http://youthquake4.com. -- BERNAMA KUALA LUMPUR, Nov 29 (Bernama) -- French Web TV-caster, MYTVCHAIN has showcased the first web TV platform for sports clubs and athletes, powered by blockchain technology at Blockshow Asia in Singapore on Nov 28 and 29.
The platform is up and running and already onboards its first sports clubs in France, a statement said. It allows sports clubs to create own web TV and animate communities whilst simultaneously generating revenue to develop and support their activities. It also helps sports clubs to build brand loyalty and accelerate growth in the development of sport club channels. Users are rewarded in tokens for viewing content on the platform and can utilize these tokens for a variety of transactions – from supporting their favorite clubs or content producers with donations to purchase services or videos from MYTVCHAIN and more. The platform facilitates and incentivizes transactions within its ecosystem by implementing tokenization and crowdfunding whereby to facilitate ease of token purchase for its Initial Coin Offering (ICO), MYTVCHAIN is deploying a fiat-based payment gateway LBXPro.io, using money transfers for payments. The MYTVCHAIN token is already pre-approved to be listed on established exchange LaToken.com at the end of the ICO. The company welcomes interested individuals to its private investor meetup at the Fullerton Bay Hotel in Singapore on Nov 30. More details on https://mytvchain.io. -- BERNAMA KUALA LUMPUR, Nov 28 (Bernama) -- The tallest bamboo construction ever built in Taiwan for expo-goers to explore and interact with bamboo interior space is being exhibited at The Taichung World Flora Expo from Nov 3 to April 24, 2019.
Designed by architect Chen Yi-chung of the Taichung-based ZUO Studio, the Bamboo Pavilion is constructed with bamboo -- a fast-growing plant and renewable natural material with high strength-to-weight ratio that can be utilized for multiple purposes. Chen in a statement said the Bamboo Pavilion is constructed with mainly Taiwan-grown bamboos to replace concrete, seeking to create a harmonious relationship between architecture and natural environment by using sustainable building material. “At 10m high, the curvy exterior of the pavilion also integrates with its surrounding landscape including a pond and Makino bamboo garden designs, making it a place for visitors to connect with nature while exploring or resting inside,” added Chen. The Bamboo Pavilion also has been shortlisted by the World Architecture Festival Awards for the Leisure Led Development – Future Project category, recognizing the strength of architecture firms in Taichung and Taichung City Government’s promotional efforts for the expo. It was constructed with more than 300 stalks of Moso bamboo from Nantou which presents promotion wishes. The Bamboo Pavilion is one of the major highlights on this year’s flora expo which also features garden designs by Hong Kong, Malaysia and Myanmar. Also exhibited at the expo includes the world’s largest “The Sound of Blooming” installation art, the longest paper-cutting art, the largest equestrian stadium, the first renewable building constructed with straw and more, the statement said. -- BERNAMA Asia's largest dairy producer announces world's first annual report on biodiversity protection28/11/2018 KUALA LUMPUR, Nov 23 (Bernama) – Asia’s largest dairy producer, Yili Group announced the world’s first ‘Annual Report on Biodiversity Protection of Yili Group’ at the 14th Conference of the Parties to the United Nations Convention on Biodiversity in Sharm el Sheikh, Egypt recently.
Chief executive officer of the group, Zhang Jianqiu shared the report as well as the company’s practices and experience in its protection of biodiversity. According to a statement, the group is the only Chinese enterprise signing the Commitment Letter of Enterprises and Biodiversity of the United Nations Convention on Biodiversity that was invited to the conference. Jianqiu said: “Yili is going ahead with the idea of ‘Green Leadership’ proposed by the group chairman, Pan Gang and is pushing forward with the strategy ‘Green Industrial China’. “The 15th edition of the conference will be held in China for the first time in 2020. Yili sincerely hopes that more and more Chinese enterprises will join hands with them to protect the biodiversity,” he added. The company has also witnessed steady growth in revenue and net profits over the years. As of the third quarter of 2018, the group has rung up sales of RMB61.327 billion, representing a year-on-year increase of 16.88 per cent. (RMB100 = RM60.48) Representatives from over 190 contracting states of the Convention on Biodiversity participated in the event and had in-depth discussions on policies on biodiversity integration of agriculture, forestry, fishery and tourism. -- BERNAMA Neuramatix will be available on Agorai’s artificial intelligence marketplace
NEW YORK, Nov 28 (Bernama-BUSINESS WIRE) -- Agorai, a global platform which provides an inventory of turnkey software solutions, technology, and data needed for any company to join the AI economy, today announced that Neuramatix, a provider of artificial intelligence tools powered by a proprietary neural engine called NeuraBASE, is joining the Agorai AI marketplace. Through this key partnership, NeuraBASE will be available to participants of the Agorai AI marketplace, including both end users and application developers. With a mission to deliver instant, uncensored access to artificial intelligence tools to companies around the globe, Agorai aims to empower its marketplace participants with the leading AI technology available. “Many companies today are focused on the theoretical uses of artificial intelligence rather than how they can create solutions with practical applications. Neuramatix has unique technology assets which can be used to build sophisticated AI solutions with real-world business benefits that are ready to deploy,” said Josh Sutton, CEO, Agorai. “Neuramatix is a true pioneer in the AI industry, and we are excited that we can provide Agorai market participants direct access to their valuable technologies.” Neuramatix’s NeuraBASE implements a model based on an alternative theory of how the brain works. To exhibit true intelligence, a system must be able to adapt to continuous learning from new inputs, and to recall what it has learnt previously. The solution enables machines to observe patterns in data and convey the information in the same way that the human brain learns, stores, retrieves, and expresses information. Its unique characteristics enable the creation of neuronal networks, which are larger and faster than conventional neural networks. NeuraBASE has a broad range of applications including high-throughput natural language processing and translation, bioinformatics analysis, robotic control systems, speech, semantic analysis, and more. “Our NeuraBASE technology enables companies to design and train neuronal networks to deliver cutting-edge adaptive machine capabilities without relying on brute force. We are committed to providing companies with access to this sophisticated technology, in the same way that Agorai is committed to providing their marketplace participants with unfettered access to the premier AI tools on the market,” said Robert Hercus, Founder & Director, Neuramatix. “We are pleased to partner with Agorai and open up our cornerstone NeuraBASE architecture to all Agorai marketplace participants so that they can deliver intelligent solutions.” Agorai and Neuramatix have also commenced efforts to negotiate a definitive acquisition agreement for substantially all of the AI-related assets and patents owned by Neuramatix. It is anticipated that this agreement will be executed prior to the launch of the Agorai marketplaces. The Agorai marketplaces are scheduled for launch in early 2019. To participate in the pilot or for more information, visit www.agorai.ai. About Agorai Agorai is a global platform that provides the inventory of turnkey software solutions, technology, and data needed for any company to join the AI economy. Agorai offers the only integrated marketplaces for AI tools and the data assets that fuel them. The distributed platform brings together data owners and AI companies to create AI-driven solutions that solve real business problems. The Agorai AI marketplace enables people building AI tools and applications to access and share assets otherwise unavailable to them and provides a distribution channel for AI companies to reach corporate and individual buyers. Agorai’s data marketplace helps transfer data ownership to those who create it and provides access to AI to those who need it, globally and at scale. Social Networks: LinkedIn: https://www.linkedin.com/company/agorai Twitter: @agorai_market Medium: https://medium.com/@agorai Disclaimer: Certain information set forth in this press release contains “forward-looking information” under applicable securities laws. Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, (i) the projected performance of Agorai and the Agorai Marketplaces; (ii) the execution of the definition agreement(s) with Neuramatix and the closing of the transactions with Neuramatix; (iii) the expected development of Agorai’s business, projects, and joint ventures; (iv) the execution of the Company’s vision and growth strategy, including with respect to future global growth; (v) the sources and availability of third-party financing for Agorai’s projects; (vi) the completion of Agorai’s projects that are currently underway, in development or otherwise under consideration; (vii) Agorai’s ability to launch a functional platform and marketplace; (viii) renewal of the Company’s current customer, supplier, and other material agreements; and (ix) the future liquidity, working capital, and capital requirements. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Agorai undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20181127005893/en/ Contact Media Enquiries: Jessica Cardonick Articulate Communications for Agorai [email protected] O: +1 212 255 0080 Source : Agorai CISCO PREDICTS MORE IP TRAFFIC IN THE NEXT FIVE YEARS THAN IN THE HISTORY OF THE INTERNET28/11/2018 SAN JOSE, Calif., Nov 28 (Bernama-GLOBE NEWSWIRE) -- The internet is made up of thousands of public and private networks around the world. And since it came to life in 1984, more than 4.7 zettabytes of IP traffic have flowed across it. That’s the same as all the movies ever made crossing global IP networks in less than a minute.
Yet the new Visual Networking Index (VNI) by Cisco predicts that is just the beginning. By 2022, more IP traffic will cross global networks than in all prior ‘internet years’ combined up to the end of 2016. In other words, more traffic will be created in 2022 than in the 32 years since the internet started. Where will that traffic come from? All of us, our machines and the way we use the internet. By 2022, 60 percent of the global population will be internet users. More than 28 billion devices and connections will be online. And video will make up 82 percent of all IP traffic. “The size and complexity of the internet continues to grow in ways that many could not have imagined. Since we first started the VNI Forecast in 2005, traffic has increased 56-fold, amassing a 36 percent CAGR with more people, devices and applications accessing IP networks,” said Jonathan Davidson, senior vice president and general manager, Service Provider Business, Cisco. “Global service providers are focused on transforming their networks to better manage and route traffic, while delivering premium experiences. Our ongoing research helps us gain and share valuable insights into technology and architectural transitions our customers must make to succeed.” Key predictions for 2022 Cisco’s VNI looks at the impact that users, devices and other trends will have on global IP networks over a five-year period. From 2017 to 2022, Cisco predicts:
Regional IP traffic growth details (2017 – 2022)
Cisco Complete VNI Forecast The Cisco Complete VNI™ Forecast includes global, regional, and country-level projections and trends associated with fixed and mobile networks. The full report includes additional information and analysis on IoT by industry vertical, IPv6 adoption, traffic growth by application, traffic patterns, cord cutting implications, Wi-Fi hotspots, broadband network performance and network security issues. Cisco VNI Methodology The Cisco VNI™ Complete Forecast for 2017 to 2022 relies upon independent analyst forecasts and real-world network usage data. Upon this foundation are layered Cisco's own estimates for global IP traffic and service adoption. A detailed methodology description is included in the complete report. Over its 13-year history, Cisco® VNI research has become a highly regarded measure of the internet's growth. National governments, network regulators, academic researchers, telecommunications companies, technology experts and industry/business press and analysts rely on the annual study to help plan for the digital future. Supporting Resources
RSS feed for Cisco: http://newsroom.cisco.com/rss-feeds About Cisco Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Contact: Sara Cicero [email protected] SOURCE : Cisco Systems, Inc. |
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