Washington, Apr 21, 2022 - (ACN Newswire) - G20 members have urged the World Bank to immediately prepare for the establishment of the Financial Intermediary Fund (FIF), Finance Minister Sri Mulyani Indrawati stated. FIF should be formed immediately in the framework of pandemic preparedness and response (PPR) in the future, the minister emphasized.
Indonesian Finance Minister Sri Mulyani Indrawati met with World Bank Group President David Malpass at the G20's second meeting of the FMCBG in Washington D.C on Wednesday (April 20, 2022). Minister Indrawati and President Malpass discussed structural reforms and other steps toward a sustainable post-pandemic recovery.
"The (G20) presidency concluded that the World Bank should start exploring the process for developing and establishing FIF," Indrawati remarked at the second meeting of the G20 Finance Ministers and Central Banks Governors (FMCBG) press conference here on Thursday.
G20 members view FIF as being the most effective choice for new financial mechanisms, especially in preparing for other potential pandemics in future. Indrawati believes this is because the establishment of FIF is viewed as being able to overcome the financing gap in the health sector as had occurred during the current COVID-19 pandemic.
"Most (G20) members agree on the need for a new financial mechanism dedicated to addressing the financing gap in PPR," she stated, explaining that G20 members hope that the establishment of FIF would mitigate the health financing needs in line with the World Health Organization's (WHO's) expectations.
Moreover, G20 members called on the World Bank to explore discussions on the governance and operational regulations of FIF by involving the WHO. "There is widespread support for WHO and the World Bank regarding the assessment of significant financing gaps that need to be addressed," Indrawati remarked.
Earlier, on April 1, the Indonesian finance and health ministries resumed the third G20 Joint Finance and Health Task Force (JFHTF). At the meeting, JFHTF co-chair Wempi Saputra invited G20 member countries to draw up a financing action plan for pandemic preparedness and response (PPR).
"The third JFHTF meeting is an important step for all member countries in drafting the financing strategies for prevention, preparedness, and response to the pandemic or PPR," Saputra stated.
Meanwhile, one of the main agendas of Indonesia's G20 Presidency is global health architecture.
Written by Astrid H, Kenzu T, Editor: Suharto (c) ANTARA 2022
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comG20 members have urged the World Bank to immediately prepare for the establishment of the Financial Intermediary Fund (FIF), Finance Minister Sri Mulyani Indrawati stated.
Singapore, Apr 13, 2022 - (ACN Newswire) - The 3rd global edition of World Data & Analytics Show, with a special focus on the ASEAN market, is all set to take place virtually on 19 April 2022. The event will gather top experts from ASEAN region where they will shed insights on analytics to improve an organization's operational performance, boost consumer engagement, and simplify supply chains.
Notable speakers include Celine Le Cotonnec, Vincent Toh, Hartnell Ndungi, Juan Intan Kanggrawan, Benedict Benoit, Bhaskar Vetrimani, Dr. Shidan C Murphy, Sam Majid, Bhaskar Vetrimani, Meenakshi Nissim Ghoge, Balaji Jayaraman, Martijn Wieriks, Ram Kumar & more. These experts will present eye-opening keynotes, government and enterprise use-case presentations, exciting product showcases, take part in panel discussions and tech talks to discuss the latest challenges and explore data-powered solutions.
Businesses in the ASEAN region are embracing data analytics to help them grow post-Covid-19. The diversified economic environment of the region adds further difficulties to decision-making. Data analytics has been shown to be an efficient method for identifying the aspects that produce value for regional businesses. This digital revolution aids in the improvement of efficiency and business operations.
ASEAN companies are facing unique challenges in optimizing their business processes while balancing privacy and compliance. However, the use of data analytics allows companies to foresee trends, improve operations, and streamline operations. By increasing efficiency and productivity, data analytics can help ASEAN companies become more competitive globally.
"According to our research, more than 90 percent of APAC business executives believe that data analytics is important for their organizations to remain performant, but less than 19 percent of enterprises across the region have achieved maturity in analytics. At Alteryx, we are committed to empowering everyone and anyone to make data-driven decision and advancing organizations' capability in analytics. Join us at our session in this year's World Data and Analytics Show 2022, to uncover how your organization can transform from being data-rich to data-driven," stated Suganthi Shivkumar, VP of Asia, Alteryx.
"Dataiku will show you how extraordinary AI for everyday purpose is brought to life in this edition of the World Data and Analytics Show 2022. As a lead sponsor, we await the opportunity to connect with attendees and discuss how to realize their AI strategy at scale and speed; no matter the stage of AI or analytics maturity. Meet us at our booth to find out more on how Data Science meets Everyday Use!," said Jiunn Hao; Director, APAC Partnerships, Dataiku.
Among the early adopters of future tech, groundbreaking experts taking the center stage include: - Celine Le Cotonnec, Chief Data Innovation Officer, Bank of Singapore - Vincent Toh, Snr Manager, Sales Engineering, Alteryx ASIA, Singapore - Benedict Benoit, Area Vice President, Collibra, Australia - Bhaskar Vetrimani, Head of Sales & Business Development, APAC, Lingaro - Hartnell Ndungi, Chief Data Officer, Absa Bank Kenya PLC, Kenya - Grant Case; Director of Sales Engineering, Dataiku, Australia - Juan Intan Kanggrawan, Head of Data Analytics and Digital Products, Jakarta Smart City, Indonesia - Ankit Singi, Data Science Implementation Manager, Dataiku, Singapore - Sam Majid, CTIO, MCMC Malaysia - Benedict Benoit, Area Vice President, APAC, Collibra, Australia - Srinivasan Sankar, Enterprise Data and Analytics Leader, The Hanover Insurance Group, United States - Igor Rotin, Chief Data Scientist, Liebherr Aerospace and Transportation, Germany - Meenakshi Nissim Ghoge, Director - Data & Analytics, Mondelēz International, Singapore - Katrina Briedis, Sr. Product Marketing Manager, APAC Denodo - Balaji Jayaraman, Senior Vice President- Head of Data and Analytics (APAC), Citi Bank, Singapore - Martijn Wieriks, Chief Data Officer, JULO, Indonesia - Dr. Shidan C Murphy, Director of Data Analytics, Altair, APAC - Bhaskar Vetrimani, Head, Sales and Business Development, Lingaro APAC - Ram Kumar, Chief Data & Analytics Officer, Cigna, Singapore; to name a few.
"Businesses are facing increasing expectation to utilize data analytics to drive decision-making, improve service levels and generate new revenue streams. However, ASEAN businesses need to overcome limitations in data (data literacy and digital literacy), policy and capability to fully utilize the potential of data analytics," stated Mithun Shetty, CEO, Trescon.
The event will be hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants can also engage with the speakers during Q&A sessions and network with solution providers/sponsors at their virtual exhibition booths, private consultation rooms and meeting tables.
World Data & Analytics Show - ASEAN is officially sponsored by: - Headline Sponsor - Alteryx - Lead Sponsor - Dataiku | TechData - Platinum Sponsor - Collibra - Gold Sponsors - Denodo & Lingaro - Silver Sponsors - Altair & Cloudera - Bronze Sponsor - Snowflake & EnterpriseDB
About World Data & Analytics Show
World Data & Analytics Show is a thought leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.
As part of the world tour, this ASEAN edition is virtually gathering pre-qualified C-Suite IT Leaders, Business Analysts, Data Analytics Heads, Heads of Business Intelligence, Industry Practitioners, IT Decision Makers and Experts in Data & Analytics among others from cross industry verticals across ASEAN region.
The show would feature exciting keynotes, government and enterprise use-case presentations, product showcases, panel discussions and tech talks to discuss the latest challenges and explore the latest applications in data powered solutions.
Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon specializes in producing highly focused B2B events that connect businesses with opportunities through conferences, road shows, expos, demand generation, investor connect and consulting services.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe 3rd global edition of World Data & Analytics Show, with a special focus on the ASEAN market, is all set to take place virtually on 19 April 2022.
HONG KONG, Apr 7, 2022 - (ACN Newswire) - On 31 March 2022, Legend Capital's portfolio company Jiangsu Recbio Technology Co., Ltd. ("Recbio", stock code: 2179.HK), a leading novel vaccines company, went public on the Hong Kong Stock Exchange. The listing makes Recbio "the first HPV vaccine stock in Hong Kong" and "the first novel adjuvant vaccine stock in Hong Kong". Recbio is expected to inject new vitality into the capital market in Hong Kong.
Recbio is a novel vaccine company driven by independent novel adjuvant technology. It has built a comprehensive and high-valued vaccine portfolio consisting of 12 candidates, covering cervical cancer, COVID-19, adult tuberculosis, shingles, HFMD, influenza, etc. Recbio is primarily focused on the R&D of HPV vaccine candidates. Its core product REC603, a recombinant HPV 9-valent vaccine, is currently under phase III clinical trial, and is expected to become the first approved domestic HPV 9-valent vaccine in China. In addition, Recbio has also begun to deploy in the mRNA vaccine field and is currently developing the COVID-19 mRNA vaccine.
Recbio has constructed the three core technology platforms consisting of independent novel adjuvants, protein engineering and immunological evaluation. It is one of the few companies capable of independent development of novel adjuvants and the novel adjuvants it developed have been successfully applied in various innovative vaccines such as COVID-19 vaccines, HPV vaccines and shingles vaccines.
Legend Capital led Recbio's Series B financing in 2020, through a coordinated investment of the comprehensive growth fund and the healthcare fund and re-upped on its Series C financing in 2021, marking Recbio another successful case towards Legend Capital's multi-fund coordinated investment. As the major institutional investor to Recbio, Legend Capital provides Recbio with multi-faceted support involving corporate governance, business strategy, technical route, R&D resources, management improvement and financial support.
Dr. Liu Yong, the Founder, Chairman of the Board, and General Manager of Recbi, said, "We are much appreciated Legend Capital's long-term and firm support to Recbio. As the institutional investor with the largest shareholding in the company, Legend Capital's investment philosophy of 'Business First, People Crucial' is highly compatible with our corporate culture. Legend Capital has always supported our management team in major decision-making and continued to assist in the development, becoming one of the most trusted and respected investors of Recbio. The listing is just a new chapter of Recbio, and the management team hopes to work closely with all the investors represented by Legend Capital to write a new legend!"
Hank Zhou, the Co-Chief Investment Officer of Legend Capital, said: "Congratulations to Recbio and its team led by founder Dr. Liu Yong. Liu has been engaged in vaccine research and development for over two decades, with high academic status and extensive experience in the industry. Liu's team has been deeply involved in the field of vaccine research and development for many years. Its vaccine portfolio strategically aimed at major disease and the team is actively deploying large-scale production. We admire Liu's great enthusiasm for the vaccine industry and his strong sense of responsibility and commitment. Recbio is now the leading vaccine company in China. After the successful listing, we believe that Recbio will continue to make breakthroughs in its core field of new adjuvant and vaccines to benefit more patients."
Frank Hong, the Managing Director of Legend Capital, said: "After the outbreak of the pandemic, the vaccine industry has stepped into a high-speed development stage after years of accumulation on technology and talent pool. Recbio is one of the few vaccine companies with high-quality technology platforms, which can continuously produce high-quality vaccine products to meet unmet clinical needs. We are optimistic about Recbio's future of its core pipelines, including the HPV vaccine, recombinant shingles vaccine REC610 and COVID-19 vaccine. Advanced with its disruptive technology in the field of recombinant protein vaccines, Recbio is expected to be a company with strong competitiveness in the global market."
Legend Capital has long paid close attention to investments in the field of life sciences. In addition to Recbio, there are other portfolio companies listed on A shares or H shares, including Pharmaron Inc. (300759.SZ; 03759.HK), KingMed Diagnostics (603882.SH), WuXi AppTec(603259.SH; 02359.HK), WuXi Biologics (02269.HK), Innovent Biologics (01801.HK), Berry Genomics (000710.SZ), Harbour BioMed (02142.HK), New Horizon Health (06606.HK), Chemclin Diagnostics (688468.SH), etc.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comOn 31 March 2022, Legend Capital's portfolio company Jiangsu Recbio Technology Co., Ltd. ("Recbio", stock code: 2179.HK), a leading novel vaccines company, went public on the Hong Kong Stock Exchange.
Malang, East Java, Indonesia, Apr 4, 2022 - (ACN Newswire) - An agricultural start-up initiated by three students from Malang's Brawijaya University whose app, Chickin, has been downloaded by a thousand farmers across Indonesia, has made the Forbes 30 Under 30 list. According to the founders, the application uses Internet of Things (IoT) and artificial intelligence (AI) to enhance the productivity of farmers by up to 25 percent.
Universitas Brawijaya (UB) in Malang, East Java, Indonesia (ANTARA/ HO/ Universitas Brawijaya)
Chickin, hatched at UB/U.Brawijaya by founders Ashab, Tubagus and Ahmad (Chicken.ID Website / Malang, Indonesia)
The app was developed by agrotechnology student Ashab Alkahfi, who is serving as the President of Chickin, Tubagus Syailendra from international relations, who is serving as CEO/Chief Executive Officer, and Ahmad Syaifullah from information systems, serving as the CTO/Chief Technology Officer.
"Based on initial research, we developed the app in Klaten, Central Java. We built poultry coops as farmers and began our poultry business where we found a number of challenges faced by local farmers. From there, we tried to solve these challenges by means of technology," Alkahfi explained.
The application allows farmers to control the micro-climate inside chicken coops from a distance. Through the technology, farmers can input data, including daily, sales, and production data, to enhance performance and make it more measurable and at the same time, minimize risks through preventive measures.
The app also offers a number of features for management of the poultry farm, including data and IoT configuration adaptable to climate, temperature and humidity, as well as recording the age of each poultry. Aside from partnering with 14 poultry farms, Chickin has established cooperation with 100 poultry suppliers in the food industry.
Alkahfi said he hopes the app will bring ease to farmers and have a positive impact on them, adding that the farming modernization technology was developed free of charge under Brawijaya University's Entrepreneur Incubator.
Chickin has seen 22-fold growth in the last 10 months and closed a funding round of Rp35 billion with three global investors. The company is targeting to increase revenue to Rp500 billion by the end of 2022.
So far, Chickin Indonesia is not only assiting one thousand farmers across the nation, but the company is committed to developing the technology to minimize the use of antibiotics for organic chicken through coop micro-climate control and providing training to poultry farmers free of charge to modernize Indonesian poultry farms.
For more information, Chickin Indonesia is online at https://chickin.id/. Written by: Aria Cindyara, Editor: Rahmad Nasution (c) ANTARA 2022
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAn agricultural start-up initiated by three students from Malang's Brawijaya University whose app, Chickin, has been downloaded by a thousand farmers across Indonesia has made the Forbes 30 Under 30 list.
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HONG KONG, Mar 25, 2022 - (ACN Newswire) - ZhongAn Online P & C Insurance Co. Ltd. ("ZhongAn Online" or "ZhongAn" or the "Company", HKEx: 6060) released its audited annual report for the year ended December 31, 2021 ("the reporting period"). The Company leveraged its strengths in insurance technology and rich resources connected through its ecosystems to further promote insurance inclusion. The Company provided insurance services for more than 500 million users with a caring hand, the number of customers receiving claim payment reached 129 million in 2021.
Adhering to the strategy of "sustainable growth with quality" and technology-driven cost reduction and efficiency improvement, the Company printed solid numbers in 2021. Gross written premium (GWP) reached RMB20.37 billion, representing a year-on-year increase of 21.9%. Combined ratio improved to 99.6%, marked the first underwriting profitable fiscal year in its history. Net profit attributable to owners of the parent reached RMB1.16 billion, representing a year-on-year increase of 110.3%, on the back of increased operational efficiency and robust growth of investment income.
Under the dual-engine growth strategy of "Insurance + Technology", ZhongAn exported its insurance technology capability and advanced Insuretech know-how to insurers and brokers, to fuel the digitalization in the insurance industry worldwide. During the reporting period, ZhongAn's technology export revenue reached RMB520 million, representing a year-on-year increase of 42%, and served 109 customers in the insurance industry.
Insurance segment - health ecosystem and digital lifestyle ecosystem remain top contributors with favorable channel mix shift
The health ecosystem recorded RMB7.69 billion in GWP, representing a year-on-year increase of 16%. The Company provided health protection to approximately 25.86 million insured customers in 2021, the number of paying users of individual health insurance reached 18 million, representing a year-on-year increase of 30%.
To achieve such performance, ZhongAn upheld to its philosophy of health inclusion. ZhongAn upgraded its flagship product, Personal Clinic Policy series, incorporating over 30 special rare disease drugs for the youth and launched exclusive medical protection plans for different customer groups such as chronic patients, women and the elderly. The latest version of Personal Clinic Policy also came with more value-added services including cancer screening, Internet hospital, traditional Chinese Medicine and so on.
The Company is committed to provide one-stop "insurance coverage + medical services" experience for users by expanding products and services from required medical scenarios such as in-patient and critical illness, to cover the daily needs of outpatient and emergency, critical illness follow-up treatment, chronic disease treatment, rehabilitation management, optional surgery and other scenarios.
The digital lifestyle ecosystem recorded GWP of RMB7.29 billion in 2021, representing a year-on-year increase of 16%. As new consumption scenarios evolved, ZhongAn actively explore and launch innovative products by leveraging its resources of over 300 strategic ecosystem partners and its cutting-edge technology to solve customers' pain-points in their daily digital life.
Riding the wave of e-commerce 2.0, ZhongAn launched a new version of shipping return policy customized for livestreaming e-commerce platforms such as TikTok and Kuai, and the premium contributed by livestreaming e-commerce channels accounted for more than 20% of the overall shipping return policy in 2021.
Meanwhile, the innovative products featured by pet insurance and phone screen cracking insurance also saw strong growth in 2021. Relying on the layout of pet O2O ecosystem, the annualized premium of pet insurance has exceeded RMB100 million, representing a year-on-year increase of over 250% and its market share was among the top in mainland China. Powered by its optical character recognition, the Company's phone screen cracking insurance grew by over 65% and remained the top-tier insurers for such product.
Among total GWP from digital lifestyle ecosystem, the premium income from innovative business represented by pet insurance, phone screen cracking insurance and Personal Accident Policy accounted for 19% in 2021, representing a year-on-year increase of 29%.
Moreover, in 2021 ZhongAn continued to build its brand and proprietary channels. In 2021, the premium from proprietary channels amounted to RMB3.6 billion, representing a year-on-year increase of 66.4%. The Company was pleasant to see such favorable channel mix shift, with proprietary channel contributing over 18% of GWP in 2021. The per capita premium contribution of proprietary channels reached RMB506, representing a year-on-year increase of 20% thanks to robust renewal rate and cross-selling efforts in proprietary channels.
Technology segment - facilitating the digital transformation of the global insurance industry
As a leading insurance technology company, ZhongAn continued to explore cutting-edge technology fields such as artificial intelligence, blockchain, cloud computing, big data and life sciences technology, and utilized technology to reshape the entire insurance value chain. Last year, the Company's R&D investment reached RMB1.13 billion, representing a year-on-year increase of 24.5%, accounting for 5.5% of the total GWP. There were 1,836 engineers and technicians, accounting for 48% of all employees.
ZhongAn promoted refined operation with Insurtech, enhancing user experience constantly. The cloud-based distributed core system "Wujieshan" helped ZhongAn to issue 7.7 billion insurance policies in 2021, and the number of customers receiving claim payment for the year reached 129 million. Enabled by its technology, the online claim settlement rate exceeds 95%.
At the same time, ZhongAn also helped insurers worldwide with their digital transformation by exporting modular Insuretech products. In 2021, the technology export revenue reached RMB520 million , representing a year-on-year increase of 42%, with the proportion of recurring revenue reaching 48%. ZhongAn served 109 customers in the insurance industry last year, a year-on-year increase of 34 new accounts.
In terms of overseas development, ZhongAn Technology has further expanded its business territory to Japan, Singapore, Malaysia, Indonesia to Vietnam, Thailand, Philippines and Europe, by working with insurance companies like AIA, Muang Thai Life, and PFI Mega Life.
ZA Bank, a pioneering advocate of virtual banking in Hong Kong with a one-stop digital financial service platform also made pleasant progress in 2021. Within two years, the number of customers exceeded 500,000, the deposit balance as of Dec 2021 reached HK$7 billion, and the loan balance quadrupled year-on-year to HK$2.5 billion.
In the future, ZhongAn will continue to focus on the needs of users, leverage technological strength to drive innovation, build and improve the ZhongAn brand in the eyes of users, constantly practice insurance inclusion and create long-term value.
About ZhongAn Online P&C Insurance Co Ltd (Stock Code:6060.HK)
ZhongAn Online P&C Insurance Co., Ltd. is a leading online-only InsureTech company in China. Founded in October 2013, the Company adopts an ecosystem-oriented approach and focuses on customers' lives on the Internet, meeting customers' diversified protection needs and creating value for them through ecosystem partners and its proprietary platform. ZhongAn Online seamlessly integrates technology across its insurance business, and now exports its technology to help other companies accelerate their growth. On 28 September 2017, ZhongAn Online became the first Fintech company listed on the HKEx (Ticker: 6060) and since 2018, the Company started expanding its Fintech and InsureTech solutions to various international markets.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comZhongAn Online P & C Insurance Co. Ltd. ("ZhongAn Online" or "ZhongAn" or the "Company", HKEx: 6060) released its audited annual report for the year ended December 31, 2021 ("the reporting period").
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