AM BEST AFFIRMS CREDIT RATINGS AND ASSIGNS NATIONAL SCALE RATING TO PVI INSURANCE CORPORATION

SINGAPORE, March 29 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of PVI Insurance Corporation (PVI Insurance) (Vietnam). The outlook of these Credit Ratings (ratings) is stable. Additionally, AM Best has assigned the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to PVI Insurance with a stable outlook.

The ratings reflect PVI Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings factor in rating enhancement from PVI Insurance’s ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.).

PVI Insurance’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which is expected to remain at the strongest level over the medium term. PVI Insurance benefits from good financial flexibility, given its majority ownership by HDI V.a.G. AM Best views the company’s investment portfolio to be of moderate risk, with the majority of investments allocated toward cash and term deposits and the remainder held in non-rated corporate bonds, affiliated private equity investments and real estate. Offsetting factors include the company’s high dividend payout ratio and high reinsurance dependence to support the underwriting of large commercial property, engineering and energy risks.

AM Best assesses PVI Insurance’s operating performance as strong, supported by its five-year average return-on-equity ratio of 17.9% (2019-2023). PVI Insurance continued to deliver robust underwriting profits in 2023 and achieved a combined ratio of 92.7%. Underwriting performance is expected to remain robust over the medium term supported by profitable results in commercial and industrial lines of business. Investment returns, consisting mainly of interest and dividend income, is expected to remain as a key contributor to the company’s overall earnings.

AM Best assesses PVI Insurance’s business profile as neutral. The company became the largest non-life insurer in Vietnam based on 2022 direct premiums and it continues to grow its market share. The company has a strong market position in commercial and industrial lines of business, including energy, property, engineering, aviation and marine insurance, as supported by its affiliation with the PetroVietnam group, one of the largest state-owned oil and gas corporations in Vietnam. Support from HDI V.a.G. has enhanced PVI Insurance's technical expertise and service offerings, strengthening its position in the regional industrial risks insurance segment.

AM Best assesses PVI Insurance’s ERM approach as appropriate given the size and complexity of its current operations. PVI Insurance benefits from risk management and governance support from HDI V.a.G.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. 

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MYCEB'S MYCSR RAMADHAN RAYS OF CARE LEAVES LASTING IMPACT AT THE NATIONAL CANCER INSTITUTE

PUTRAJAYA, March 29 (Bernama) -- The 14th edition of MyCSR programme named Ramadhan Rays of Care, drew to a close with a heartwarming initiative held at the National Cancer Institute by Malaysia Convention & Exhibition Bureau (MyCEB), an agency under the Ministry of Tourism, Arts and Culture Malaysia, marking a poignant moment of compassion and solidarity during the holy month of Ramadan. 
 
The event was part of MyCEB’s ongoing commitment to community engagement, aimed at uplifting the spirits of cancer patients and the medical team at the centre while fostering a sense of unity and support within the community. The visit saw 13 officers from MyCEB distributing gift hampers consisting of healthy snacks to 100 patients and 30 medical practitioners.
 
“As we conclude the first to many more impactful editions of MyCSR initiatives in 2024, we are deeply moved by the spirit of compassion and solidarity exhibited during this heartwarming event. At MyCEB, we remain committed to our ethos of community engagement, striving to uplift the spirits of those in need and foster a sense of togetherness within our society. This humbling experience has reminded us how fortunate we are to be well and abled, as compared to patients here who are fighting one of life’s toughest battles,” said the Chief Executive Officer of MyCEB, Mr. Azman Haji Tambi Chik.
 
He continued, “We are here to show our support, physically and mentally to let them know that they do not walk alone in this journey. Additionally, we are also here to show appreciation and gratitude to the medical professionals who tirelessly dedicate their lives to saving people. Words cannot explain how noble they are in their commitment”.
 
The initiative is aligned with MyCEB’s Environmental, Social and Governance (ESG) practices as the Bureau aims to positively leave a long-term impact on the lives of cancer patients and healthcare professionals at the National Cancer Institute. Apart from contributions in-kind, the team also took the time to engage with patients and personnel to understand their experience from this visit.
 
To date, the MyCSR programme has touched 395 lives since its inception in 2018. With this programme, MyCEB has committed 4 hours of CSR for the year and the Bureau will be conducting more initiatives with measurable outcomes, demonstrating its unwavering commitment to enduring social impact.
 
Encik Azman Haji Tambi Chik, CEO of MyCEB closes the first chapter of MyCEB’s 2024 CSR initiative, “The MyCSR Ramadhan Rays of Care visit today not only underscores our unwavering support for cancer patients and healthcare professionals but also serves as a profound reminder of the significant impact we can make when we come together as a community.”  

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KPJ PASIR GUDANG SPECIALIST HOSPITAL PARTNERS WITH NETSFERE FOR SECURE AND COMPLIANT MESSAGING

NetSfere secure enterprise messaging platform is deployed across healthcare organizations globally to safeguard data security and ensure regulatory compliance, acknowledging the healthcare sector's susceptibility to data breaches and stringent regulatory requirements

CHICAGO, March 27 (Bernama-GLOBE NEWSWIRE) -- NetSfere, a global provider of next-generation secure and compliant messaging and mobility solutions, today announces that KPJ Pasir Gudang Specialist Hospital (KPJ PGSH), one of the leading private healthcare providers in Malaysia, deployed the secure enterprise messaging platform to empower healthcare staff with secure and intuitive communications. NetSfere has been implemented to align with KPJ PGSH’s mission of ensuring safety and professionalism.

As part of tackling cybersecurity threats and keeping patient and hospital data secure and private, KPJ PGSH management equipped its staff with NetSfere. With its world-class execution, NetSfere allows caregivers to discuss, share and collaborate seamlessly in a completely secure environment governed by the policies set by the hospital’s management. NetSfere Enterprise allows the IT team to set up the policies for messaging making sure information can remain private and under the organization’s control.

“Permitting caregivers to discuss information swiftly and avoid potential data breaches is what healthcare systems need during this technological era so they can improve patient care,” said Senior Vice President of Asia Pacific and Middle East for NetSfere, Chee Leng Loy. “NetSfere provides healthcare systems with a convenient and frictionless way to share ideas, files and data without compromising productivity, security or compliance.”

“As we’ve watched cybersecurity threats to healthcare systems rise, we are being proactive by putting up the best line of defense with NetSfere,” said Khairul Hasanain Abdul Hamid, CEO of KPJ PGSH. “NetSfere’s end-to-end encrypted platform helps our healthcare staff protect against third-party organizations from accessing patient or hospital data.”

KPJ PGSH is the 23rd hospital under the flagship of KPJ Healthcare Berhad group and was established to cater to the medical needs primarily of Pasir Gudang and its neighborhood regions of Johor. NetSfere is HIPAA compliant, reaffirming that no user data is collected or stored. NetSfere was recently awarded the 2023 Global Competitive Strategy Leadership Award for Excellence in Global Secure Messaging Solutions by leading consulting and research firm, Frost & Sullivan. It is available on mobile, desktop, browsers and operating systems such as IOS, Android, Windows and Mac. The technology enables more than 500 million global subscribers and over one trillion messages per year.

For more information on NetSfere, visit www.netsfere.com. For more information about KPJ PGSH, visit https://kpjhealth.com.my/pasirgudang/.

About NetSfere

NetSfere is a secure enterprise messaging service and platform from Infinite Convergence Solutions, Inc. NetSfere provides industry-leading security and message delivery capabilities, including global cloud-based service availability, device-to-device encryption, location-based features, and administrative controls. The service is also offered in partnership with Deutsche Telekom GmbH, one of the world’s leading integrated telecommunications companies, and with NTT Ltd., a global information communications & technology service provider, to jointly offer NetSfere to its worldwide customers. The service leverages Infinite Convergence's experience in delivering mobility solutions to tier 1 mobile operators globally and technology that supports more than 500 million subscribers and over a trillion messages annually. NetSfere is also compliant with global regulatory requirements, including GDPR, HIPAA, Sarbanes-Oxley, ISO 27001, and others. Infinite Convergence Solutions has offices in the United States, United Kingdom, Germany, India and Singapore. For more information, visit www.netsfere.com.

About KPJ Pasir Gudang Specialist Hospital

KPJ Healthcare Berhad (KPJ) is one of the leading private healthcare providers in the region with a network of 29 hospitals in Malaysia, which offers a comprehensive range of medical services. KPJ's portfolio includes hospital management, healthcare technical services, hospital development and commissioning, nursing, health science and continual professional healthcare education, pathology services, central procurement and retail pharmacy. KPJ Pasir Gudang Specialist Hospital is the 23rd hospital under the flagship of KPJ Healthcare Berhad group. It is a private healthcare provider located in the heart of the booming industrial area of Pasir Gudang, Johor. KPJ Pasir Gudang Specialist Hospital was established to cater the medical needs primarily for Pasir Gudang and its neighborhood regions of Johor. 

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Ambiq’s Apollo510 Offers 30x Power Efficiency Improvement

KUALA LUMPUR, March 27 (Bernama) -- Technology leader Ambiq, has introduced the new Apollo510, the first member of the Apollo5 SoC family, which is uniquely positioned to kickstart the age of truly ubiquitous, practical, and meaningful artificial intelligence (AI).

Ambiq in a statement said the Apollo510 MCU was a complete overhaul of hardware and software that fully leverages the Arm Cortex-M55 CPU with Arm Helium to reach processing speeds up to 250 megahertz (MHz).

The Apollo510 achieves up to 10 times better latency while reducing energy consumption by around two times, compared to Ambiq's previous power efficiency leader, the Apollo4.

This desirable combination of performance and efficiency allows the company’s customers to deploy sophisticated speech, vision, health, and industrial AI models on battery-powered devices everywhere, making it the most efficient semiconductor on the market to operate with the Arm Cortex-M55.

“We at Ambiq have pushed our proprietary SPOT platform to optimise power consumption in support of our customers, who are aggressively increasing the intelligence and sophistication of their battery-powered devices year after year.

“The new Apollo510 MCU is simultaneously the most energy-efficient and highest-performance product we have ever created,” said Ambiq Chief Technology Officer and Founder, Scott Hanson.

With more than 30 times energy improvement, the Apollo510 is capable of running a vast majority of today's endpoint AI calculations, including low-power sensor monitoring, always-on voice commands, and telco-quality audio enhancement.

Apollo510 contains everything needed for driving intelligent systems namely ultra-efficient compute, expansive on-chip memories, high-bandwidth interfaces to off-chip memories, and security.

The Apollo510 MCU is currently sampling with customers, with general availability in the fourth quarter this year.

-- BERNAMA

CHINESE SMART EV MAKER XPENG STEERS TOWARD GLOBAL MARKET VIA ASEAN PARTNERSHIPS

KUALA LUMPUR, March 26 (Bernama) -- A Chinese smart electric vehicle (Smart EV) company, XPENG Motors (XPENG), has announced its latest long-term strategic partnership with Neo Mobility Asia Co Ltd, a joint venture between Arun Plus Mobility Holdings Co Ltd, a subsidiary of PTT and MGC-Asia GreenTech Co Ltd, in Thailand.

According to a statement, the partnership marks XPENG's international footprint as it has entered ASEAN and led to the official launch of XPENG at the 45th Bangkok International Motor Show.

“By entering new markets strategically and offering a range of EV models tailored to local customer needs, we aim to solidify our brand position as a leading player in the smart EV sector on a global scale,” said its Vice President of Finance & Overseas Strategic Support Office, James Wu.

As part of its international expansion plans, a growing list of new partners from XPENG's strategic markets have joined the company in bringing the brand’s latest smart EVs to local consumers, including Premium Automobiles from Singapore and Bermaz Auto from Malaysia.

The XPENG global market strategy focuses on establishing partnerships with local importers/dealers to create a first-class distribution, sales, and service network in various regions.

The company will offer the G6 SUV in Thailand, Singapore as well as Malaysia, and start delivering from third quarter of this year.

Developed for global markets, the G6 is underpinned by XPENG’s evolutionary Smart Electric Platform Architecture (SEPA) 2.0 platform, which sets the foundation for future production models while shortening development cycles and reducing manufacturing costs.

-- BERNAMA

NATARAJAN & SWAMINATHAN MERGES WITH KNAV TO ELEVATE AUDITING AND ADVISORY SERVICES IN SINGAPORE

ATLANTA, March 27 (Bernama-BUSINESS WIRE) -- KNAV, an international accounting and advisory firm, is pleased to announce its merger of Natarajan & Swaminathan, a respected audit firm in Singapore. This merger marks a strategic step in KNAV’s plan to strengthen its local presence in operational countries and extend its reach in the region.

Natarajan & Swaminathan, with over seven decades of history, is renowned for its quality audit and tax services in Singapore. The firm’s team of professionals are well-versed in the local business environment and have been a reliable partner for businesses of various sizes.

KNAV, who already has an established presence in Singapore, considers this merger as a step in-line with its fundamental strategy of strengthening its presence in the regions where it conducts the business. The merger combines Natarajan & Swaminathan's local expertise with KNAV’s global proficiency, promising clients in Singapore superior service levels, comprehensive solutions, and access to an extensive network of professionals. Natarajan & Swaminathan will join KNAV International Limited, a member of the Forum of Firms, as a new member. Post-merger, Natarajan & Swaminathan will retain its name and leadership team, ensuring a smooth transition for clients and staff.

Atul Deshmukh, KNAV’s Chief Strategy Officer, emphasized the merger’s role in strengthening the firm's Singapore presence and supporting its global market strategy. The merger is expected to contribute to KNAV’s growth in the Asia-Pacific, offering clients a range of services, including auditing, tax planning, and business consulting.

Dominique Tan, KNAV’s country leader in Singapore, noted that the merger will enhance the firm's audit service capabilities and allow the provision of tax services in Singapore. The addition of three new partners and 27 staff members increases the KNAV Singapore team to 48, including 6 partners, thereby improving client service capabilities.

Narayanamohan, Managing Partner of Natarajan & Swaminathan, expressed enthusiasm about joining KNAV. He highlighted the merger’s potential to create new opportunities for clients and staff while preserving the relationships built over the past 70 years. The partnership, grounded in shared values and commitment to client and staff success, is seen as a natural fit.

About KNAV:

KNAV as a “Partner Beyond Boundaries’ provides global assurance, tax, and advisory services, specializing in financial reporting, audits, tax filings, M&A, and advisory across the USA, India, UK, Singapore, Canada, and the Netherlands.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20240312419994/en/

Contact

Kostubh Singhal
Senior Manager - Marketing
+91 9663466335

Source : KNAV

AM BEST AFFIRMS CREDIT RATINGS OF CHINA TAIPING INSURANCE (MACAU) COMPANY LIMITED

HONG KONG, March 22 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect CTIM’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

CTIM’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), remained stable and was at the strongest level as of year-end 2022. Based on the unaudited financial statements, the company’s capital level remained robust and further improved to MOP 870 million (USD 110 million) at year-end 2023. The company’s investment strategy remains conservative and stable, with the majority of its investment assets in cash and investment grade bonds. CTIM’s reinsurance programme remains comprehensive with reinsurer panels of good credit quality; notwithstanding, the reinsurance dependency of the company is moderate.

CTIM delivered a five-year average return-on-equity ratio of 19.0% from 2018 to 2022, and the company continued to generate profit in 2023, supported by positive underwriting and investment results. The company’s net combined ratio improved to 70.5% in 2022, due to its lower loss ratio during the pandemic period. The company’s combined ratio remained stable during 2023, though there was some uptick in the loss ratio, which was partially offset by an improvement in the commission ratio. CTIM’s investment results turned positive in 2023, a rebound from the negative returns caused by capital market volatility during 2022. The company’s investment performance is expected to continue to support its overall operating performance through stable streams of interest, dividend and rental income in the future.

CTIM maintains a long track record as the leader in Macau’s non-life insurance segment and has a market share of approximately 34% as of the third quarter of 2023, based on gross premiums written. CTIM’s underwriting portfolio and distribution channels are stable and diversified, while the company continues to develop its online channel and explore cross-selling opportunities in its affiliated life insurance company, China Taiping Life Insurance (Macau) Company Limited, in Macau.

CTIM is well-positioned at its current rating level. Negative rating actions could occur if there is a material decline in the company’s risk-adjusted capitalisation or a significant and sustained trend of deterioration in its operating performance. A weakening credit profile of the parent company, China Taiping Insurance Holdings Company Limited, also may have a negative impact on CTIM’s ratings. Although unlikely in the near term, positive rating actions could occur if there is a material and sustained improvement in CTIM’s risk-adjusted capitalisation, while the company maintains its strong operating performance.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. 

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ANVISA Audit Of CARBOGEN AMCIS' Shanghai Facility Completes

KUALA LUMPUR, March 20 (Bernama) -- Switzerland-based CARBOGEN AMCIS, a pharmaceutical process development and Active Pharmaceutical Ingredient (API) manufacturing company, has completed its first Brazilian Regulatory Authority Agency (ANVISA) routine inspection of its facility in Shanghai.

A five-day inspection was undertaken between Nov 6 to 10, 2023, which concluded successfully with no critical and no major observations raised, in addition to the site being granted a Good Manufacturing Practice (GMP) certificate by the authority.

“I want to congratulate the Shanghai team on their first successful independent regulatory inspection, and for being commended by the inspectors for their transparent and open approach.

“The GMP certification is a reflection of our high-quality standards and the commitment of our teams at this important site,” said CARBOGEN AMCIS Chief Executive Officer, Pascal Villemagne in a statement.

Meanwhile, its Shanghai site General Manager, Harry Wong said: “We are delighted to establish ourselves as a crucial part of the CARBOGEN AMICS CDMO network, meeting the same high standards our clients expect globally.

“We are an integral part of the company supply chain, offering the group great possibilities in terms of capacity and geographical flexibility.”

CARBOGEN AMCIS’ Shanghai site employs 140 people and specialises in large-scale manufacturing of raw materials, intermediates and API; manufacturing of highly potent chemicals up to category III; as well as GMP product release and analytical support for development activities.

The ANVISA audit was focused on areas including utilities, maintenance and calibration, production, quality control and assurance.

-- BERNAMA

TOSHIBA ADDS NEW POSITION ESTIMATION CONTROL TECHNOLOGY TO ITS MOTOR CONTROL SOFTWARE DEVELOPMENT KIT TO SIMPLIFY FIELD ORIENTED CONTROL OF MOTORS

- Now offering "MCU Motor Studio Ver.3.0" and new "Motor Parameter Tuning Tool"-

KAWASAKI, Japan, March 19 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation ("Toshiba") has refined motor control capabilities with the launch of two innovative tools. A new position estimation control technology for field-oriented control (FOC) has been added to the latest version of its motor control software development kit, “MCU Motor Studio Ver.3.0,” while “Motor Tuning Studio Ver.1.0” automatically calculates motor parameters. Both are available from today.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20240318356608/en/

 

FOC is a highly efficient motor control method, but difficult to realize because of the complexities of using proportional-integral (PI) control gain for tuning the motor driver. PI control is usually applied to position control, speed control and current control, producing three PI control gain parameters that interfere with each other. Adjustments can only be done through trial and error. Meanwhile, MCU Motor Studio performs motor control using known motor parameters, but the problem here is that there was no function for extracting the parameter from the motor.

Toshiba’s new position estimation control method is based on a flux observer and does not use PI control for position estimation, making adjustment easier during motor evaluation. This new approach realizes greater stability during high-load operation than the conventional position estimation control. MCU Motor Studio Ver.3.0 incorporating the new method also supports the conventional position control method.

The combination of MCU Motor Studio and MCU Motor Tuning Studio gives users the ability to easily derive initial motor parameters and begin evaluation. Motor Tuning Studio will be provided via Toshiba's Customer Inquiry Form here (Contact).

Toshiba is advancing the realization of carbon neutrality and a circular economy, and will continue to expand its line-up of microcontrollers for FOC and motor control software development kits, and to support highly efficient motors.

Follow the link below for more on MCU Motor Studio
MCU Motor Studio

Follow the link below for more on Toshiba’s Microcontrollers.
Microcontrollers

* TXZ+™ is a trademark of Toshiba Electronic Devices & Storage Corporation.
* Other company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

About Toshiba Electronic Devices & Storage Corporation

Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.
The company's 21,500 employees around the world share a determination to maximize product value, and promote close collaboration with customers in the co-creation of value and new markets. With annual sales approaching 800-billion yen (US$6.1 billion), Toshiba Electronic Devices & Storage Corporation looks forward to building and to contributing to a better future for people everywhere.
Find out more at https://toshiba.semicon-storage.com/ap-en/top.html 

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AM BEST AFFIRMS KBFG CHINA CREDIT RATINGS AS EXCELLENT

KUALA LUMPUR, March 15 (Bernama) -- The United States-headquartered AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of KBFG Insurance (China) Co Ltd (KBFG China).

The outlook of these credit ratings (ratings) is stable, reflecting KBFG China’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

According to AM Best in a statement, the ratings also reflect the wide range of support that the company receives from its parent, KB Insurance Co Ltd, in areas of underwriting and pricing, business development and reinsurance.

The credit rating agency assesses KBFG China’s balance sheet strength at the very strong level, supported by its risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio.

The company’s consolidated capital and surplus has continued to increase driven by positive operating performance with full profit retention. Given its relatively small capital base and the nature of its underwriting portfolio, KBFG China’s risk-adjusted capitalisation is exposed to volatility in the event of large losses.

KBFG China has achieved positive operating profit over the last five years (2019 to 2023), with a low-to-mid single digit return-on-equity ratios reported during that period, despite having incurred a major commercial fire loss in 2023.

With a very low level of net retention ratio, the loss on a net basis has had a limited impact on the company’s underwriting results and it has projected that the solvency ratio will improve as reinsurance receivables are gradually settled in 2024.

As a foreign-owned insurer focusing on serving Korean Interests Abroad business, KBFG China has a defensible competitive advantage in this niche market.

However, the company has a limited market presence in China’s non-life industry with share less than one per cent of total market. AM Best views KBFG China’s ERM as appropriate for its risk profile.

-- BERNAMA

AMERICAN EXPRESS LISTS TOP TRAVEL TRENDS IN 2024

KUALA LUMPUR, March 13 (Bernama) -- American Express Travel has released its 2024 Global Travel Trends Report, shedding light on the inspirations and trends driving global travel bookings this year.

Drawing from survey responses from travellers in the United States, Australia, Canada, India, Japan, Mexico, and the United Kingdom, the report found that 84 per cent of respondents plan to spend more or the same amount of money on travel in 2024 compared to last year.

According to a statement, additionally, 77 per cent of respondents care more about having the right travel experience than about the cost of the trip.

American Express Travel President, Audrey Hendley said: “Our Global Travel Trends Report sheds light on what is driving global travel bookings and provides inspiration for where to go next. Our American Express Travel Consultants can help, no matter what type of trip you want to take.”

Top insights from the report shows that live sporting events, driven by the desire to witness favourite teams and players firsthand, influence travellers’ destination choices and activities, with 67 per cent of Millennial and Gen Z respondents are interested in travelling for sporting events in 2024, compared to 58 per cent of all respondents surveyed.

For the 58 per cent of respondents who are travelling for sports this year will do so for soccer, basketball or Formula 1 racing, while New York, Miami and Paris are the top destinations they are planning to travel to for sporting events this summer.

The report also identified that transformative, once-in-a-lifetime trips, such as visiting the Galapagos Islands and hiking in Antarctica, ranked top of many travellers’ wish lists, and younger travellers seeking expert assistance in planning, with 65 per cent of respondents are more interested in taking a major trip in 2024 than in previous years.

The ease of planning and ability to make the perfect, personalised itinerary is also one of the key trends in driving people to plan trips alone, especially younger travellers, with 74 per cent of male respondents and 63 per cent of female respondents say they are planning on taking a solo trip this year.

For Gen Z and Millennials surveyed, 76 per cent say they are planning on taking a solo trip in 2024, while 66 percent of respondents who intend to go alone are planning a trip tailored to treat themselves.

Furthermore, travellers are leaning into flexible itineraries, allowing them the freedom to be spontaneous and experience the local culture when they travel, with 78 per cent of respondents say that spontaneous trips appeal to them, while 77 per cent of Millennials and Gen Z have booked a last-minute trip before, compared to 65 per cent of Gen X and 52 per cent of Baby Boomers.

-- BERNAMA

EPIC CORPORATION SETS FOR GLOBAL APP LAUNCH DRIVEN BY STRONG ANNUAL REVENUE

KUALA LUMPUR, March 13 (Bernama) -- Epic Corporation operating Epic One, a South Korean luxury secondhand trading platform has achieved an annual revenue of US$17 million (19 billion Korean won) last year and successfully raised US$3 million (3.5 billion Korean won) in funding. (US$1=RM4.68)

Epic Corporation Chief Executive Officer, Sarah Kim in a statement said the company is gearing up to leap into becoming the number one luxury lifestyle platform in Asia.

It is preparing to launch its app in new markets with significant growth potential and high spending on luxury goods, including Singapore, Hong Kong, and the Middle East.

The app allows users to easily sell their products by simply uploading five photos and receiving an immediate price quote in addition to facilitating secondhand transactions by connecting sellers with buyers through consignment.

Utilising an artificial intelligence-based pricing system, the platform ensures swift transactions with significantly higher closure rates compared to other secondhand trading sites.

With its innovative strategies, Epic Corporation has experienced rapid growth within just a year and a half since its founding, positioning itself as a game-changer in the Asian luxury secondhand trading industry.

Epic Corporation specialises in the secondhand trading of high-end furniture, luxury watches, and bags, providing a secure logistics system with genuine product verification and insurance.

-- BERNAMA

NATIONAL ANNUAL CORPORATE REPORT AWARDS (NACRA) 2024 CALLS FOR ENTRIES

KUALA LUMPUR, March 13 (Bernama) -- Now in its 34^th year, the National Annual Corporate Reporting Awards (NACRA) 2024 has called for entries at the NACRA 2024 Virtual Launch held today. The closing date for registration and submission of entries is 31 May 2024. 

NACRA has been jointly organised by Bursa Malaysia Berhad, Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA) since 1990, with the theme of “Towards Accountability & Excellence”. NACRA’s theme, “Towards Accountability & Excellence” underscores the vital role of annual reports in enhancing transparency and the integrity of the capital market.

At the launch, Mr Ong Chee Wai, Chairman of the NACRA 2024 Organising Committee stated that “NACRA is increasingly relevant in 2024 in order to drive excellence in corporate disclosure.”  

He shared that NACRA guidelines are reviewed every year and enhancements made in alignment with current requirements and trends to continually improve on the quality of annual reports. Given the increasing global relevance and acceptance of integrated reporting (IR) and sustainability, the NACRA assessment criteria have been realigned with IR and sustainability elements and emphasises the importance of non-financial information, forward-looking statements and sustainability information to communicate the organisation’s value creation narratives over time.

Mr Tang Seng Choon, Chairman of the NACRA 2024 Adjudication Committee, asserted that changes to NACRA “have been designed to future proof corporate reporting in Malaysia in line with global and local developments.”

He noted that NACRA’s emphasis on sustainability reporting is aligned with Bursa Malaysia’s Sustainability Reporting Framework, which was launched in 2015 and enhanced in 2022 in key areas, namely disclosures on common sustainability matters and common indicators; climate change-related disclosures; enhanced disclosure of quantitative information; and disclosure of sustainability assurance.

All public listed and non-public listed organisations as well as other organisations established in Malaysia are invited to participate in NACRA. The closing date for registration and submission of entries is 31 May 2024. All organisations will compete for Excellence Awards according to market capitalisation for listed companies, with a separate category for non-listed organisations.

For registration or more information about NACRA 2024, please click HERE or contact the NACRA Secretariat at nacra@mia.org.my.  

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Epicor Recognises International Partner Excellence For 2024

KUALA LUMPUR, March 12 (Bernama) -- Epicor, a global industry-specific enterprise software leader, celebrated the winners of its International Partner Excellence Awards at the company’s annual Momentum Partner Conference, held in Bangkok, Thailand last week.

The awards showcase International Channel Partner successes, recognising those that have excelled in enhancing the value they deliver to customers and their commitment to the growth of Epicor business, according to a statement.

“Epicor Channel Partners across our regions are elevating the customer experience and helping organisations across the make, move, and sell economy navigate their digital transformation journeys to drive growth and success.

“We are thrilled to recognise some of these standout partners and the innovative work they have done to deliver for our shared customers,” said Epicor Vice President, International Channel Sales, Paul Flannery.

Meanwhile, its Executive Vice President, International, Andy Coussins said the company had a very strong set of nominations, and a common theme throughout was how its International Channel Partners are looking to deliver the best possible customer experience and business outcomes for its customers.

This year’s award winners list are Data World Solutions Limited for Industry Specialist Award; MIB Company Limited for Business Transformation Award; Mindbox S.A. for Cloud Transformation Award; representatives from Grand Target and Inycom for Rising Star Award; and Precise for International Partner of the Year Award.

For 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted the company to help them do business better.

-- BERNAMA

ILLUMINATION AND NINTENDO ANNOUNCE NEW ANIMATED FILM BASED ON THE WORLD OF SUPER MARIO BROS.

SANTA MONICA, Calif. & KYOTO, Japan, 11 March (Bernama-BUSINESS WIRE) -- Illumination (HQ: Santa Monica, CA, USA; Founder and CEO: Chris Meledandri) and Nintendo Co., Ltd. (HQ: Kyoto, Minami-ku, Japan; Representative Director and President: Shuntaro Furukawa, “Nintendo” hereafter) today announced that they are producing a new animated film based on the world of Super Mario Bros.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20240309743708/en/

 

This new animated film based on the world of Super Mario Bros. is planned to be released on April 3, 2026 in the US and many additional markets globally with select territories releasing throughout the month of April.

The film will be produced by Chris Meledandri, Founder and CEO of Illumination and Shigeru Miyamoto, Representative Director, Fellow of Nintendo, directed by Aaron Horvath and Michael Jelenic, and written by Matthew Fogel. The film will be co-financed by Universal Pictures and Nintendo and distributed theatrically worldwide by Universal Pictures.

By getting deeply involved in the movie production with the aim to put smiles on everyone’s faces through entertainment, Nintendo will continue its efforts to produce unique entertainment and deliver it to as many people as possible.

Illumination is excited to continue its partnership with Nintendo, bringing its signature mix of joy and discovery to worldwide audiences of all ages, allowing them to connect with the beloved characters and stories from one of the world's most popular franchises.

• About Illumination

Illumination, founded by Chris Meledandri in 2007, is one of the entertainment industry's leading producers of event-animated films, including Despicable Me-the most successful animated franchise in cinematic history-as well as the record breaking The Super Mario Bros. Movie, Dr. Seuss' The Lorax, Dr. Seuss' The Grinch and The Secret Life of Pets and Sing films. Illumination's library includes three of the top 10 animated films of all time. Illumination's iconic, beloved franchises-infused with memorable and distinct characters, global appeal and cultural relevance-have grossed more than $9 billion worldwide. Illumination has an exclusive financing and distribution partnership with Universal Pictures. Illumination's next film is Despicable Me 4, which will be released in theaters on July 3, 2024.

• About Nintendo

Nintendo Co., Ltd., headquartered in Kyoto, Japan, has created franchises that have become household names worldwide, including Mario™, Donkey Kong™, The Legend of Zelda™, Metroid™, Pokémon™, Animal Crossing™, Pikmin™ and Splatoon™, through its integrated hardware and software products. Nintendo aims to deliver unique, intuitive entertainment experiences for everyone, manufacturing and marketing video game devices such as the Nintendo Switch™ family of systems, developing and operating applications for smart devices, and collaborating with partners on a range of other entertainment initiatives like visual content and theme parks. Nintendo has sold more than 5.6 billion video games and over 800 million hardware units globally. From the launch of the Nintendo Entertainment System™ more than 30 years ago, through today and into the future, Nintendo’s continuing mission is to create unique entertainment that puts smiles on the faces of people all over the world. 

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MALAYSIA SOLIDIFIES STATUS AS MEDICAL TOURISM LEADER WITH NEWSWEEK-STATISTA RANKINGS DEBUT

KUALA LUMPUR, March 8 (Bernama) -- In a monumental achievement for the nation, two Malaysian hospitals have been recognised in the highly respected Newsweek & Statista's World's Best Hospitals 2024.

According to Malaysia Healthcare Travel Council (MHTC) in a statement, this marks Malaysia's first-ever inclusion, signifying a pivotal moment in its journey towards becoming a global leader in medical tourism.

MHTC Chief Executive Officer, Dr Mohamed Ali Abu Bakar said: “This recognition serves as a testament to the dedication and expertise of our healthcare professionals, as well as the continuous advancements being made in our healthcare infrastructure and patient care protocols.

“It significantly strengthens Malaysia's position as a leading destination for medical tourism. International patients can now be confident in choosing Malaysia for high-quality, affordable, and internationally accredited healthcare services delivered with compassion and cultural sensitivity.”

The listed hospitals, Gleneagles Kuala Lumpur and Sunway Medical Centre are esteemed members of the MHTC, demonstrating the hospitals firm commitment to elevating the quality of healthcare and attracting international patients by providing exceptional care and world-class facilities to patients worldwide.

In addition, MHTC also announced 20 out of 30 hospitals that made it into the World’s Best Hospitals 2024 (Malaysia) list are MHTC’s members hospitals including Institut Jantung Negara – Cardiology; Island Hospital; KPJ Puteri Specialist Hospital; Pantai Hospital Ayer Keroh; Prince Court Medical Centre; and Subang Jaya Medical Centre.

This momentous achievement paves the way for continued advancements in the Malaysian healthcare sector, attracting investments, fostering innovation, and ultimately enhancing the overall patient experience.

With a commitment to excellence and a growing international reputation, Malaysia is poised to become the premier choice for healthcare travellers seeking superior medical care and exceptional value.

Over 80,000 medical professionals from 30 countries participated in the survey, whereby the rigorous evaluation process involved recommendations based on expertise, experience, peer recognition, patient outcomes, hygiene, patient safety, and advanced medical technology.

-- BERNAMA 

Andreas Schierenbeck Takes The Helm As Hitachi Energy Ceo Effective July

KUALA LUMPUR, March 8 (Bernama) -- Hitachi Energy has announced that Andreas Schierenbeck will be appointed as the new Chief Executive Officer (CEO), effective July 1, replacing current CEO Claudio Facchin, who will step down at the end of June.

In a statement, Hitachi Energy said Schierenbeck will engage with the Hitachi Energy Board, Executive Team and Facchin to ensure a smooth transition prior to the handover.

Hitachi Ltd Representative Executive Officer, President & CEO, Keiji Kojima welcomed Schierenbeck to Hitachi Energy to lead the next phase of exciting growth and expressed his appreciation to Facchin for great leadership transitioning and transforming the company over the last four years.

“I look forward to continuing to support Hitachi Energy's growth plan under the leadership of Andreas, and I wish Claudio all the best for the journey ahead,” said Kojima.

Meanwhile, Schierenbeck said he is thrilled to embark on this journey as Hitachi Energy new CEO, steering the company towards new horizons in an era of transformation, where the demand for electricity is surging due to the rapid electrification of transport, buildings, and industries.

“It is a profound honour to lead an experienced team so deeply committed to quality, innovation and sustainability as we help our customers and society accelerate towards a greener future.

“Together, we will continue to expand Hitachi Energy's profitable business, ensuring that our collective efforts contribute significantly to a sustainable and electrified future,” he added.

Schierenbeck joins Hitachi Energy from HH2E, a new green-hydrogen production company, where he is currently co-founder and board member. He was previously CEO of Uniper from 2019 to 2021, where he launched the company’s decarbonisation strategy.

Headquartered in Switzerland, Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, employing over 40,000 people in 90 countries and generating business volumes of over US$10 billion (US$1=RM4.68).

-- BERNAMA

Patricia Allen Joins Zenas Biopharma Board Of Directors

KUALA LUMPUR, March 7 (Bernama) -- Zenas BioPharma, a global biopharmaceutical company has appointed Patricia Allen to its Board of Directors, in which she also will serve as Chairperson of the Audit Committee.

Its Founder and Chief Executive Officer, Lonnie Moulder said Allen has successfully led cross-organisational functions and served on the board of directors of both private and public global biotechnology companies.

“We look forward to Patty’s contributions to the next phase of Zenas’ growth as we advance our mission to develop and commercialise transformative immunology-based therapies for patients in need,” he said in a statement.

Meanwhile, Allen said she looked forward to collaborating with the experienced Zenas team and Board of Directors, who are building a leading of inflammation and immunology-focused global biopharmaceutical company through disciplined pipeline execution and business development.

Allen joins the Zenas Board of Directors with over 20 years of experience leading finance, investor relations, business development, human resources, operations and information technology at global public as well as private biotechnology companies.

Most recently, she served as the Chief Financial Officer at Vividion Therapeutics, from where she recently retired.

Currently, Allen serves on the board of directors and as chair of the audit committee of Deciphera Pharmaceuticals, SwanBio Therapeutics and Anokion, in addition to holding past board member and audit committee chair roles at Inversago Pharma and Yumanity Therapeutics.

-- BERNAMA

MEGAH RISE MALL CELEBRATES ITS FIRST ANNIVERSARY BY AWARDING A BYD ATTO 3 IN ITS MEGAH REWARDS CONTEST

PETALING JAYA, March 7 (Bernama) -- Eighteen lucky winners walked away with a BYD Atto 3, Vespa Primavera, Longines watch and other prizes during Megah Rise Mall’s Megah Rewards prize presentation ceremony held on 25 Feb.

The spend and win contest, Megah Rewards, was held from 18 Dec 2023 to 18 February 2024 in celebration of Megah Rise Mall’s first anniversary. Shoppers who have spent a minimum of RM300 at the mall could enter the contest to stand a chance to win any of the attractive prizes worth over RM200,000.

The excitement was at its height during the prize presentation ceremony held on 25 February 2024, as over a thousand participants gathered at Megah Rise Mall’s Main Atrium to witness the live draw event. Other prizes given away during the event include an iPhone 15 Pro, Dyson Purifier, Cuckoo, Samsung 55" 4K Smart TV, iPad 10.2 inch and many more.

The grand prize winner, Ms. Soh was stunned to have won the electric BYD Atto 3, as she only submitted one entry into the contest after dining at Dian Huo Hotpot.

During the draw, one of the winners, Ms. Soo was drawn a second time after winning an iPad. As shoppers are only entitled to one prize, she opted for the fourth prize: an iPhone 15 Pro. Another participant was subsequently drawn to win the iPad.

The other winners were all smiles as they collected their prizes after the live draw.

The Megah Rewards contest was held to reward shoppers who have been an invaluable part of Megah Rise Mall since its opening on 18 December 2022.

For further information about the latest happenings, please visit our Facebook and Instagram pages at @megahrisemall.

About Megah Rise Mall

Positioned to be a placemaking space for the community of Taman Megah, Petaling Jaya, Megah Rise aims to become a neighbourhood hub, while its curated retail experience features an eclectic mix of food and beverage outlets, a premium grocer and recreational facilities.

Opened in December 2022, Megah Rise mall is owned and managed by PPB Properties - the property division of PPB Group Berhad, which is an investment holding and property investment company listed on the Main Market of Bursa Malaysia Securities Berhad.
 
Source: PPB PROPERTIES 

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FINALISTS IN 18TH ANNUAL STEVIE AWARDS FOR SALES & CUSTOMER SERVICE REVEALED

KUALA LUMPUR, March 7 (Bernama) -- The Stevie Awards has unveiled finalists in the 18th annual Stevie Awards for Sales & Customer Service, an international competition recognising excellence in customer service, contact centres, business development, and sales.

A diverse group of organisations and individuals worldwide have been recognised in awards categories for sales executives, solution providers, contact centres, new products and services, among others.

Organisations with five or more finalist nominations include Allianz Services Pvt Ltd; Avetta; Blackhawk Network; Capital Rx; CivicPlus; Datasite; DHL Express Vietnam; DHL Express (worldwide); Element Electronics; Inspiro; Intuit; Loveholidays; OpenGov; and Purpol Marketing Limited.

According to a statement, all finalist nominations ultimately will be named Gold, Silver, and Bronze Stevie Award winners and the placements will be revealed during a gala banquet on April 12 in Las Vegas, Nevada.

More than 2,300 nominations from organisations of all sizes and in virtually every industry were evaluated in this year’s competition, in which finalists were determined by the average scores of over 200 professionals worldwide in seven specialised judging committees. 

All nominated finalist customer service departments will be included in voting for the People’s Choice Stevie Awards for Favorite Customer Service whereby the general public may vote for their favourite providers of customer service until March 29.

Furthermore, nominations for a special prize, the Sales Partnerships Ethics in Sales Award, remain open through March 15 and there are no entry fees for nominees submission for this award, which will recognise outstanding examples of ethical sales practices.

-- BERNAMA 

8x8 Solution Supercharges King Power's E-commerce Platform

KUALA LUMPUR, March 6 (Bernama) -- 8x8 Inc announced that King Power Corporation has integrated the company’s SMS API solution into their e-commerce platform to enhance customer experiences while effectively reducing 30 per cent operational costs by driving efficiency and cost savings.

“At 8x8, we remain committed to delivering cutting-edge communication solutions that empower businesses to achieve their operational objectives efficiently and drive impressive cost-savings initiatives such as King Power Corporation was able to achieve,” said 8x8 Inc General Manager, CPaaS, Stephen Hamill in a statement.

Meanwhile, King Power Corporation Vice President of Digital Delivery Management, Boonthavee Jarudomrongsak said: “With 8x8, we are able to provide our customers with an elevated e-commerce experience they want and have come to expect from King Power Corporation, both on our website and the app.”

King Power Corporation, one of the largest duty-free retailers in the world, sought a strategic partner to optimise its e-commerce operations by elevating customer and employee communication experiences.

Additionally, the company needed a communications solution that provided scalable and cost-effective support, hence it selected the 8x8 SMS API, enabling it to efficiently reach customers anywhere, anytime by automating notifications, one-time passwords, reminders and alerts.

Since deploying the 8x8 SMS API, King Power Corporation has experienced improvements in short message service (SMS) delivery rates, further optimised its e-commerce platform by facilitating smoother processing of orders, customer verifications, and timely SMS notifications via its e-commerce platform.

8x8 Communications Platform as a Service (CPaaS), which includes SMS, messaging apps, voice, and video interaction, serves as a key enabler of business communications and customer experience in an ever-evolving digital transformation.

-- BERNAMA

WOLTERS KLUWER WINS BEST REGULATORY COMPLIANCE SOLUTION FOR IFRS 9 AT THE REGTECH INSIGHT APAC AWARDS

Finance, Risk and Regulatory Reporting’s OneSumX product recognized for its IFRS 9 innovations

SINGAPORE, March 6 (Bernama-BUSINESS WIRE) -- Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that its Finance, Risk and Regulatory Reporting (FRR) business has been recognized by RegTech Insight, with OneSumX winning the Best Regulatory Compliance Solution for IFRS 9, in its APAC Awards, 2024.

OneSumX IFRS 9, part of FRR’s OneSumX product, supports clients with the implementation of the full International Financial Reporting Standard 9 (IFRS 9). The solution provides a solid framework to capture and store all information at the contract level. It helps to manage events and transactions, IFRS calculations, accounting generation and processing up to the delivery of the disclosures.

Jeroen Van Doorsselaere, Vice President, Product and Platform Management, Wolters Kluwer FRR, said: “Our OneSumX IFRS 9 solution supports regulatory disclosures from local supervisors across the globe and offers powerful reporting tools. We are proud to be recognized for innovation and product excellence and a leader in regulatory compliance solutions.”

The awards program recognizes those “RegTech solutions that have successfully improved firms’ ability to respond to evolving and ever more complex regulatory requirements across the global financial services industry.” The RegTech Insight Awards Advisory Board, which includes senior executives from Credit Suisse, DBS Bank, HSBC, OCBC Bank and Standard Chartered, reviews nominations in collaboration with the publication’s editors.

Angela Wilbraham, CEO at A-Team Group, and host of the 2^nd annual RegTech Insight Awards APAC 2024, commented: “These awards celebrate providers of leading RegTech solutions, services and consultancy across Asia-Pacific. The winners were selected by A-Team Group’s RegTech Insight community and demonstrated exceptional creativity in building solutions that solve regulatory challenges. Our congratulations go to Wolters Kluwer for winning Best Regulatory Compliance Solution for IFRS 9.”

Wolters Kluwer also won the RegTech Insight honor in 2022. Other recent accolades for OneSumX for FRR include securing Category Leader positions in all four categories of the ALM (Asset Liability Management) Market Update and Vendor Landscape report, published by Chartis Research.

FRR’s OneSumX is part of Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division, headed by CEO Karen Abramson. Wolters Kluwer CP & ESG is the world’s leading provider of integrated software solutions for EHS, Environmental, Social, and Governance (ESG), and Governance, Risk and Compliance (GRC).

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram. 

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