Day: May 15, 2023

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Duck Creek Technologies Recognizes Argyle Insurance and Coforge with its Standard of Excellence Award

The delivery of a record-breaking, full end-to-end small and medium-sized enterprises commercial line in under 60 days for Argyle Insurance was enabled by remarkable teamwork and technology

Boston, May 15, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is pleased to recognize Argyle Insurance and Coforge as winners of this year’s Duck Creek Standard of Excellence Award. Team members from Argyle Insurance and Coforge received the award during Formation ’23 in Orlando, Florida, which was earned for achieving the highest level of excellence through the implementation of Duck Creek solutions.

Argyle Insurance achieved a successful, sub-60-day go-live of Duck Creek Policy, Duck Creek Billing and Duck Creek Rating. The swift implementation was enabled by the deep domain expertise of Duck Creek’s team, combined with a skilled partner in Coforge being able to resource and support delivery end-to-end. Argyle Insurance selected Duck Creek’s full suite to enable their small and medium-sized enterprises (SME) broker clients more choices and competition through a wider range of insurers and products. Argyle’s story of a scalable, enterprise-grade system, which allowed rapid design and delivery of products into the market, demonstrated the impressive power and flexibility of the Duck Creek platform. The sub-60-day execution was achieved using an innovative Australian SME template built by the Duck Creek APAC regional product development team and made available on our content exchange.

“I am proud to say the unparalleled teamwork between Argyle Insurance, Duck Creek and Coforge enabled us to stand up a full end-to-end product with Duck Creek’s policy, billing and rating solutions in under 60 days,” said Matt Morgan, Co-Founder and Chief Operating Officer at Argyle Insurance. “This capability is critical for both start-ups like Argyle Insurance and incumbents to adjust and adapt to the rapid changes happening across the insurance landscape driven by regulatory changes and customer market dynamics, which can have a big impact on insurer success.”

“As a Premier Delivery Partner for Duck Creek Technologies, with 800+ Duck Creek SME’s globally, Coforge is proud to be a part of Argyle’s record-setting go-live journey. This partnership between Coforge, Argyle and Duck Creek Technologies is an outstanding case of seamless collaboration and has set a new benchmark in the industry,” said Rajeev Batra, EVP, Insurance, Coforge.

“Right from the beginning, to achieve the goal of going live in such an accelerated timeline meant remarkable teamwork was going to be critical,” said Mike Jackowski, Chief Executive Officer, Duck Creek Technologies. “All parties were hyper-focused on Argyle’s success during implementation and committed to helping the startup achieve its goals of partnering with brokers to build products that can capture profitable, large market share in a mature, stable market with the agility the Duck Creek platform provides. We focus on driving better, easier-to-understand insurance products tailored to policyholders’ needs and adaptable to their changing priorities.”

About Argyle Insurance
Argyle Insurance is a true digital underwriting agency with technology to meet customers changing insurance requirements. Argyle’s strength comes through innovation. It has delivered a new way to connect customers to their brokers digitally that comes with a suite of tools to interact in more meaningful ways.

About Coforge
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides us a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
Learn more at www.coforge.com

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
+1 201 962 6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8839514

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EFCC seeks stay of execution of ruling on property, cash linked to Kogi Gov

The Economic and Financial Crimes Commission (EFCC)has filed a motion for stay of execution of the ruling by a Federal High Court, Lagos on 14 property and the sum of N400 million allegedly linked to Gov. Yahaya Bello of Kogi.

Justice Nicholas Oweibo had, on April 26, struck out a suit by the EFCC seeking the final forfeiture of the property on the grounds of provisions of Section 308(1) of the constitution.

The Judge had held that “Given Section 308 of the constitution, which provides immunity to a sitting governor from any civil/criminal prosecution, the court lacks jurisdiction to entertain the matter” and the suit was struck out.

Upon resumed hearing, counsel for the EFCC, Rotimi Oyedepo, SAN, informed the court of an application dated April 27, seeking a stay of execution of the ruling pending the outcome of the appeal on the case.

Respondent’d lawyer, Akoh Ocheni, filed an application seeking to strike out the EFCC’s request for stay of execution.

He argued that the anti-graft agency failed to comply with the rules of the court by not filling a written address and attaching same to the application.

Oyedepo told the court that a written address was filed on the same day as the application.

He showed the court a copy in his records, saying”the proceeding is no longer before the court, but in transmission to the Court of Appeal.”

Justice Oweibo adjourned the matter sine die ,(indefinitely).

The judge had, on Feb. 22, granted an interim forfeiture of the property in Lagos, Abuja and the United Arab Emirates.

The judge also ordered the preservation of the sum of N400 million recovered from one Aminu Falala, which “is reasonably suspected to have been derived from unlawful activity and intended to be used for the acquisition of Plot No. 1224 Bishop Oluwole Street, Victoria Island Lagos.”

Source: News Agency of Nigeria

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Recruitment: Board releases NSCDC, Immigration shortlisted names

The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has released names of successful candidates for the Nigeria Security and Civil Defence Corps (NSCDC) and Nigeria Immigration Service (NIS) recruitment exercises.

A statement signed by the Secretary to the Board, Mr Ja’afaru Ahmed, on Monday in Abuja, disclosed that the Computer-Based Test (CBT) for successful applicants will hold on Thursday across the federation.

The secretary said that applicants are to visit the board’s portal at “cdcfib.career” to check for successful candidates names.

He said successful applicants should proceed to print their invitation letters and be at their respective designated centers on or before 6:30 a.m on Thursday for accreditation.

Ahmed said those shortlisted are also required to carry with them to their centers; originals and photocopies of either of the following means of identification.

“ National Identification Slip (NIN Slip), international passport, voter’s card or driver’s licence.

“Applicants are also to ensure that they follow strictly the information contained in their invitation letters,” he said.

Source: News Agency of Nigeria

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Nigeria Air to fly before May 29 – Aviation Minister

Minister of Aviation, Hadi Sirika, says the national carrier, Nigeria Air, will commence operations before the present administrations winds down.

Sirika made this clarification while briefing State House correspondents after the Federal Executive Council (FEC) meeting presided over Vice President Yemi Osinbajo on Monday at the Presidential Villa, Abuja.

“Regarding Nigeria Air, yes, we are on course; and by the Grace of God, before President Muhammadu Buhari leaves office, it will fly.

“We are on course; before May 29, Nigeria Air will fly,” he said.

The minister said that something crucial had happened in the aviation industry with FEC’s approval of the Aviation Leasing Company.

He said the council also approved the sum of N3.5 billion for contract for photometric and taxiway light for Lagos, Abuja and Port Harcourt airports.

“Something very significant has happened in the world of civil aviation; part of our road map, the Aviation Leasing Company has been established and approved by council.

“Therefore, operators in civil aviation will have access to this equipment at affordable rate and within our country, Nigeria; this is part of the roadmap.

“So, the roadmap is gradually coming to 100 per cent completion.

“Second memo was award of contract for the procurement and installation of taxiway light and photometric pattern for Port Harcourt, Lagos, Abuja and some other equipment all over the country.

“The total sum of the contract for photometric and taxiway light is N3.5 billion with 7.5 per cent VAT and 12 months completion period,’’ he said.

On his part, Minister of Education, Adamu Adamu, said that the council had approved the establishment of 37 new private universities across the country.

He said that by the foregoing, the present administration had surpassed any other administration in terms of establishing universities.

“37 new private universities have been licenced and that will make this admiration probably the most university –friendly administration because we have so far established 72 universities.

“14 by the Federal Government, 21 by states and 37 private; so, total we have 72 new universities from 2015 to date.

“ And today I am announcing 37 new private universities,’’ he said.

Source: News Agency of Nigeria

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Smuggling: More than 60,000 liters of fuel seized

National police seized 62, 750 liters of fuel on Sunday in the municipality of Soyo, northern province of Zaire, over alleged smuggling for the neighbouring Democratic Republic of the Congo (DRC).

The seized product features 49,250 liters of diesel and 17,500 liters of gasoline, bound for DRC, where they would be sold.

The spokesman for the Zaire Provincial Delegation of the Ministry of the Interior, Sérgio Afonso, said the fuel was seized at a bus yard, in the Fina neighbourhood.

Source: Angola Press News Agency (APNA)

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Angola hosts XV meeting of CPLP labour ministers

Angola hosts the 15th Meeting of ministers of Labour and Social Affairs of the Community of Portuguese-Speaking Countries (CPLP) from 16 to 18 May in coastal Benguela province.

The information is confirmed in a note from the Ministry of Public Administration, Labour and Social Security (MAPTSS) sent to ANGOP.

The source states that the Meeting will bring together representatives from the nine CPLP member States, officials from the Secretariat of the Southern African Development Community (SADC) and observers from invited international organisations.

During the event, to take place under the slogan “For Social Justice and Decent Work for All”, the participants will debate, among other issues, the Action Plan 2021-2025 for Combat Child Labour, the creation of a CPLP economic council.

Other topics include the state of CPLP Multilateral Convention of Social Security of CPLP, as well as discuss the opening of the ILO Office in Angola, to serve the Portuguese-speaking African countries (PALOP’s).

Source: Angola Press News Agency (APNA)

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ZEE, Spanish company sign memorandum of understanding

Luanda-Bengo Special Economic Zone (ZEE) and CIMALSA, a company owned by the Autonomous Government of Catalonia, Spain, will sign Tuesday in Barcelona a memorandum of understanding.

The MOU will provide for the transition from the ZEE to the Free Zone, ANGOP learnt today.

The four-year agreement aims to pass on CIMALSA’s experience in the development and implementation of logistical, industrial and service projects, as well as the adoption of management and operating formulas already tested in projects managed by this company.

Over the last 30 years, CIMALSA has specialised in promoting, developing and managing infrastructures and centers for the transport of goods, logistics and mobility, which is the entity that will collaborate in the transition process from the Luanda-Bengo ZEE to the Free Zone.

The knowledge and experience of this Catalan company is crucial for the establishment of technical, administrative and legal procedures, in the transformation of the ZEE into a Free Zone.

The Special Economic Zone’s chairman, Manuel Francisco Pedro, will sign the memorandum, during his visit to Spain from 15 to 17 May 2023.

Available data indicate that the Special Economic Zone (ZEE) yielded US$4 million in the first quarter of this year, accounted for an increase of 116% compared to the same period, whose revenue amounted to around US$2 million dollars.

Source: Angola Press News Agency (APNA)

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Consumer Price Index with 0.92% variation in April

The variation of the National Consumer Price Index (CPI), from March to April 2023, was 0.92%, registering a softening in homologous terms (April 2022 to April 2023), of 0.20%, ANGOP learnt today (Monday).

The Excel Information Sheet of the national Consumer Price Index (CPI) made available by the National Institute of Statistics (INE), states that the provinces that registered the lowest variation in prices were Bengo with 0.70%, followed by Cabinda (0.73%) and Cuando Cubango (0.74%).

Namibe with 1.12%, Cunene and Zaire with 1.08% each, as well as Uíge with 1.04%, are among the provinces that registered the greatest variation in terms of price.

In terms of classes, INE indicates that the “Health” class was the one with the highest price increase, with a 1.91% variation.

Also noteworthy are the increases in prices seen in the “Clothing and Footwear” classes with 1.55%, “Miscellaneous goods and services” with 1.45% and “Hotels, Coffee shop and Restaurants” with 1.22%,

The year-on-year change stands at 10.59%, registering a decrease of 15.20 percentage points compared to the one seen in the same period of the previous year (April 2022).

Comparing the current year-on-year change with that registered in the previous month, there is a slowdown pull of 0.22 percentage points, according to data released by INE.

Expenditure on goods and services, which represented the basis for building the national CPI weights and basket of products, was extracted from the results of the Survey on Expenditure and Revenue carried out by the INE, from February 2018 to March 2019, covering urban and rural areas of all provinces, with a total of 12,448 households.

The reference period for household expenditure was, namely, day, week, month, quarter and year.

The results were converted into monthly figures and deflated with the 2008/2009 National CPI series.

Products with non-conventional units of measurement, such as meat, fish and vegetables, packages of cooking oil, salt, sugar, were collected and weighed to calibrate the units and convert them into conventional units.

For the work of aggregating expenses, the process was carried out in each provincial structure, to preserve the individual calculation bases, and the last step was the compilation for the National.

Source: Angola Press News Agency (APNA)

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President João Lourenço analyses cooperation with Chinese ambassador

Angolan head of State João Lourenço and the Chinese ambassador to Angola Gong Tao Monday in Luanda discussed the state of cooperation between the two countries.

During the audience, the Angolan statesman and the China diplomat focused mainly on economic development, sharing values and mutual interests.

Speaking to the press at the end of the meeting, Gong Tao praised the two countries ties saying that they (relations) are in a good period, at a time both nations mark 40 years of partnership.

He said that the audience the president granted to him served to review the execution level of the strategic works underway in the country, financed by the Chinese government, with emphasis on the new Luanda International Airport “Dr. António Agostinho Neto”.

The meeting also analysed the level of execution of the Caculo Cabaça hydroelectric plant, in the northern Cuanza Norte province, and Caio Airport, in Cabinda.

After reiterating his country’s financial support to Angola, the diplomat underlined that the Chinese and Angolan authorities will continue to maintain contacts at the highest level to increasingly consolidate political, diplomatic and economic relations.

“We intend to give new impetus to bilateral cooperation to obtain more fruitful results in the field of trade and economic investment”, highlighted the Chinese diplomat.

According to Gong Tao, trade between Angola and China reached a value of US$207 billion last year.

Angola and China are strategic partners, with political-diplomatic and cooperation relations that have seen a notable increase since 2000, leading to the signing of various legal instruments in the social, commercial and business domains.

Source: Angola Press News Agency (APNA)