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

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

George Oduro files nomination for New Edubiase NPP primaries

Mr George Boahene Oduro, former Member of Parliament for New Edubiase, has filed his nomination forms to contest the NPP parliamentary primaries in the constituency.

Mr Oduro, who lost the seat to the NDC in the 2020 elections, attributed the loss to some misunderstanding, bitterness, and envy among some party members in the run-up to the 2020 elections.

He therefore charged his supporters and all-party members in the constituency to desist from any act that could bring divisions in the party, adding that, each one’s contribution was needed to wrestle the seat back from the NDC.

Mr Oduro, who was also a former Deputy Minister for Food and Agriculture, said his doors were always open for everybody in the constituency and called on the people to approach him whenever they needed his support.

He promised to win the primaries and continue to win back the parliamentary seat to help continue the development agenda he was pursuing in the area.

Mr Kofi Ninson Appiagyei, leader of the volunteers who bought the forms and paid the filing fees for Mr Oduro, stressed the need for all party members and sympathizers to unite and work together to ensure a resounding victory for the candidate.

He said Mr Oduro had demonstrated that he could bring development to the area and there was the need for all to support him to change the living conditions of the people in the constituency.

Source: Ghana News Agency

Mutual respect of various ethnic and tribal groups necessary for peace – Prof. Mawuli

Professor John Komla Mawuli, an educationist, has stressed the need for recognition and mutual respect of the various tribal and ethnic groups to help consolidate the peaceful and harmonious coexistence among all Ghanaians.

He said the country’s rich cultural diversity and heritage, was unique in Africa, and this ought to be commended and maintained, especially, at the time when the West African sub-region was witnessing rising spate of insecurity and conflicts borne out of misunderstanding and differences among the people.

Prof. Mawuli was addressing members of the Ewe community, drawn from the Ashanti, Ahafo and Bono Regions, at a meeting in Kumasi.

“Unity in Diversity – A Necessary Ingredient in Growth and Development,” was the theme.

The meeting discussed the welfare and socio-economic lives of members of the Ewe community in the three Regions, as well as the community’s role in achieving Ghana’s development agenda.

Prof. Mawuli pointed out that cultural diversity was necessary for humankind, as biodiversity was for nature.

“In this sense, it is the common heritage of humanity and should be recognised and affirmed for the benefit of present and future generations.

Culture is at the heart of contemporary debates about identity, social cohesion, and the development of a knowledge-based economy,” he noted.

Togbuiga Mawufeame Fugah, Head of the Council of Ewe Chiefs for the Ashanti, Ahafo and Bono regions, said intra-ethnic unity and mutual trust and understanding, were among the best guarantees for peace and security.

Also, the defense of cultural diversity was an ethical imperative, inseparable from respect for human dignity.

“It implies a commitment to human rights and fundamental freedoms,” he explained.

Togbuiga Fugah rallied members of the Ewe community to strive to contribute meaningfully towards projects meant to enhance the living conditions of the people.

Source: Ghana News Agency

Amougou Belinga auditioned again

Jean Pierre Amougou Belinga has this Wednesday 9 August 2023 been auditioned at the YAounde Military Court. The auditioning which began in the early hours lasted till 5:00pm when Jean Pierre Amougou Belinga was taken back to the Kondengui Central Prison where he has been for several months now.

This came barely days after Reporters Without Borders published new revelations on the Martinez Zogo case – one indicting Amougou as master of the show.

While at the Yaounde Military Court, Magistrate Aimeé Florence Sikati tried bringing out the truth from Belinga surrounding the kidnapping, torture and murder of Martinez Zogo.

Several other persons were also auditioned including Zogo’s wife and several journalists.

Meantime, Zogo’s family has expressed dissatisfaction with the way the case is being handled.

“We are unsatisfied with the way the case is being handled. It is completely slow and we are not in contact with the Judge . We don’t also have any information on how the case is going. What we have noted is that some elements in the case file have disappeared. How come? Do they want to kill the case as they normally do? It hurts a lot. We want that the case accelerates and justice be served to our brother. Those incriminated should be heavily punished for the gruesome killing of Martinez,” Zogo’s sister, Nadege Essala Mbani said firmly.

It should be recalled, it was on March 14, 2023 that Amougou Belinga and others, suspected of orchestrating and executing Martinez Zogo were kept in temporary detention and no verdict has been passed till date.

Source: Cameroon News Agency

Mbanga: Three die in road accident

Three people died in an accident around the Mbanga Tollgate in the Moungo Division of the Littoral region on Thursday 10, August 2023.

All three victims were onboard a Toyota Carina E car that collided with an oncoming truck in the course of overtaking.

Their corpses have been deposited in a mortuary. The vehicle was severely damaged.

This accident happened less than 24 hours after that at Falaise de MBE in Nagaoundere Adamawa region on Wednesday, involving a 70-seater bus of the Touristique inter-urban transport agency that was heading to Garoua, killing at least seven (7) lives, according to the General Manager in a communiqué.

It also occurred a few hours after a heavy-duty truck tumbled on the Pouma-Edea road in the Sanaga Maritime Division of the Littoral region, paralyzing circulation for hours. One died in the accident as the driver and assistant came out with minor injuries.

National roads No. 3, linking Douala and Yaoundé, and No.5, linking Douala and Bafoussam are in their nightmare state.

Source: Cameroon News Agency