eXp Realty Exceeds 1,000-Agent Milestone in South Africa

eXp Realty Exceeds 1,000-Agent Milestone in South Africa

eXp Realty today announced it has exceeded 1,000 agents across South Africa, representing an over 74% increase from the 574 total agent count in July 2022

BELLINGHAM, Wash., Aug. 10, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced it has exceeded 1,000 agents across South Africa, representing an over 74% increase from the 574 total agent count in July 2022.

“This is a proud moment for eXp Realty South Africa as we reach such a huge milestone,” said Michael Valdes, Chief Growth Officer, eXp Realty. “Our attractive and continuously evolving agent-centric value proposition continues to resonate with agents from around the world and we are so thrilled to be home to over 1,000 real estate professionals in South Africa!”

According to Andrew Thompson, Director and Country Leader of eXp Realty South Africa, eXp South Africa has had more transactions in the first six months of this year compared to last year. “eXp South Africa has realized a cash-flow positive, debt-free and profitable operation in its first 15 months since receiving its license via the Property Practitioners Regulatory Authority back in December 2020,” said Thompson.

“Since its inception, eXp has remained committed to putting agents first to equip them with the knowledge and tools necessary to reach their full potential. I am so proud to be able to lead such an incredible group of agents through this expansion and beyond,” he added.

eXp South Africa is proudly committed to serving the community, having recently donated R350,000 to Dr. Imtiaz Sooliman of Gift of the Givers to support local and international communities.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f5cf167-2910-43fd-8a41-dfc00358fa16

GlobeNewswire Distribution ID 8892150

Duck Creek Technologies Expands to the Indian Market, Offering Its Global Core Technology Platform to India-Based Insurance Carriers

The company’s Indian subsidiary signs its first full-suite customer partnership in the region with HDFC ERGO

Mumbai, Aug. 09, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, today announced a historical milestone with its expansion into the Indian general insurance market. Duck Creek Technologies India LLP now offers India-based insurers the ease, convenience, and power of modern cloud-based software-as-a-service (SaaS), delivered as a full suite of capabilities or as stand-alone solutions. With this expansion, Duck Creek reinforces its market commitment by establishing its data center in India, supported by nearly 1,000 local employees.

In partnership with its first core systems full-suite India-based insurance customer, HDFC ERGO General Insurance Company Limited (“HDFC ERGO”), Duck Creek will deploy its intuitive, user-friendly, and powerful solutions to empower HDFC ERGO to take new products to market faster and significantly improve their customers’ experience throughout the policy lifecycle and across the insurer’s entire portfolio. Duck Creek’s products and solutions will holistically bring a competitive advantage to HDFC ERGO across its entire system, portfolio and operations.

Speaking about the partnership, Sriram Naganathan, President and Chief Technology Officer, HDFC ERGO General Insurance, said, “As a leading insurer of the country, at HDFC ERGO, it has been our priority in adopting innovative technologies to address the evolving demands of our customers and offer them an enhanced customer experience. Being a digital insurer of scale, our partnership with Duck Creek Technologies India LLP is a crucial step towards unlocking the full potential of HDFC ERGO’s wide insurance solutions and enabling us to offer efficient delivery and more convenience for our customers. Duck Creek’s SaaS solution will empower our advanced AI/ML models, providing essential digital capabilities to meet the critical needs of our customers and partners.”

Rohit Bedi, Chief Revenue Officer, Duck Creek Technologies, stated, “Our commitment to HDFC ERGO aligns with their outstanding vision to make insurance easier, more affordable, and more dependable for all the people in India. We are extremely proud to be a partner to HDFC ERGO, India’s leading insurance brand, in their journey to transform general insurance services in the region.” Bedi added, “This is a significant milestone in Duck Creek’s continued growth as a leading SaaS choice for insurers worldwide. Duck Creek’s partnership with HDFC ERGO is another proof point that our global technology solutions are geared towards enabling a more modern and efficient insurance enterprise.”

Drawing on its experience supporting the world’s largest insurers and reinsurers, Duck Creek will offer its suite of SaaS-based core insurance delivery solutions, including policy, claims, billing, rating and reinsurance, to help Indian general insurers innovate and modernize their products and services.

“Duck Creek is truly excited to enter the Indian insurance market with our global solutions. We want to empower insurance companies in India with hyper-personalized insurance solutions that help customers buy or service insurance from any device and anytime. Customers from all parts of India can feel secure knowing they are covered and can raise claims anytime,” said Shaji Sethu, Managing Director APAC, Duck Creek Technologies.

The Indian insurance market was valued at $127 billion in 2021 ($30 billion, represented in the non-life sector). It is anticipated to grow to over $200 billion by 2027, which presents an exciting opportunity for Duck Creek.

About HDFC ERGO

HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited (Bank), one of India’s leading private sector banks, the Company has become a subsidiary of the Bank. HDFC ERGO is the second largest non-life insurance company in the Private Sector as on 31st March 2023 based on gross premium garnered. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience. The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~94% of retail policies issued digitally. HDFC ERGO’s technology platform has empowered the customers to avail 69% of the services digitally on a 24×7 basis with ~19% of the customer requests serviced by Artificial Intelligence-based tools. In FY23, the company has issued 1.22 crore policies and has settled ~50 lakhs claims. The Company has an active data base of 1.5+ crore customers. HDFC ERGO is present in 496 districts of the country through their 215 branches, 10,000+ employees and 1.8 lakhs agents and channel partners.

HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

Please log on to www.hdfcergo.com or stay connected on the following social media handles to get more information on HDFC ERGO and the products and services offered by the company.

Facebook: https://www.facebook.com/hdfcergo

Twitter: https://twitter.com/hdfcergogic

LinkedIn: https://www.linkedin.com/company/hdfcergo

YouTube: https://youtube.com/c/hdfcergo

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
+1201-962-6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8890991

Amougou Belinga auditioned again

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

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

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

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

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

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

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

Source: Cameroon News Agency

Mbanga: Three die in road accident

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

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

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

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

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

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

Source: Cameroon News Agency

Eto’o’ lawyer threatens judicial action against CAF for ‘hasty outing’

Eto’o’s lawyer, Elame Bonny Privat said on Thursday August 10, 2023 they may consider legal action against CAF for a communique that seemed to tarnish his reputation.

In a release, the defense team of the former Indomitable Lions’ captain, says “this CAF’s hasty position is a surprise given that it already talks of serious first glance allegations knowing that till date, Eto’o Fils has not been notified of any accusations levied against him” quotes the release.

“All in reserving the right of engaging judicial procedures to denounce CAF’s outing at the right moment, my client calls on football stakeholders in Cameroon to remain calm and reassures them of his determination to continue the football reformation plans he began on December 11 2021” Further reads the release from Eto’o’ defense team.

CAF had stated in Wednesday’s outing that they received written statements from several Cameroonian football stakeholders to look into and investigate certain alleged improper conduct by Mr. Samuel Eto’o but said it will not comment on the matter until findings have been concluded.

Source: Cameroon News Agency

Society: IDP Women and girls in Babadjou drilled on disaster risk reduction in their host communities

Most Internally displaced women and girls in Babadjou Subdivision now know how to carry on first aid services on persons in danger and can manage fire outbreaks in their homes.

Some of them were drilled during a 3-day training workshop on self protection, psychological and physical first aid and disaster risk reduction at the Babadjou municipal council premises.

The workshop that rounded up on Thursday August 10, 2023, was organized by the Non Governmental Organization, United Youths Organization and was part of the Capacity Building of Women and Girls, IDPs hosted in the West Region ” launched some months ago in Babadjou and Dschang Subdivisions.

The 3-day training was carried out by professionals of the fire fighting brigade led by Senior Warrant Officer, Tankou Paul

” The workshop was in line to build their capacity to face disasters, save lives persons with first aid techniques and be able to master fire outbreaks in their houses. You know most women when for example a gaz bottle goes in flames in their homes, they run away trying to call neighbors, not knowing that they can quench it with their fingers” Tankou Paul said in an interview.

At the end of the training, participants expressed satisfaction for what they’ve learned and how it will help them save lives.

“I learnt so many things that will help me teach people around me especially the women group that I came to represent so that we can change the mentalities of people around us towards risk reduction. Whenever there are accidents, we turn to shy away. Now I have the courage to first of all avoid the risk of another accident, save the victim with first aid and call on competent authorities. I can also take care of my own household especially if the gas bottle goes in flames, I can master it. ” Mme Ayah Seraphine, told us.

They also promised to dish out the lessons in their communities.

Source: Cameroon News Agency

West Region: Inhabitants decry absence of bridge, say river causes deaths

For more than 40 years, the population of Bamendzi, a district of Bafoussam have had difficulty crossing the Tapentchué stream due to the absence of a bridge. This area, which is one of the risk areas of the Mifi department, has already led to the death of several people.

Frequent landslides, difficulties in crossing to the other side. The bed of the river is estimated at 6 meters wide. As a result, local residents cross this watercourse with great difficulty and sometimes you have to be athletic to do so. Such are the difficulties faced at the two banks all along the Tapetchué stream.

“The first difficulty is that, to cross is not certain, its either you skip to cross the bridge or go round when it is raining. If there was a bridge here, we will pass with much ease without having to be falling into the running water. There are many children here and people living here, it is not safe for us,”. Christian Tewa, a resident of the area said.

A river that has already carried away several people. The latest are two internally displaced children aged 8 and 9. Hence the cries of the hearts of the populations on the need for the state to build a bridge over this running water.

Another resident Jean Mouyeicho stated that; “This water has killed a lot of people here, for example, when it rains heavily here, and someone is trying to cross, the runoff carries the person away, and at times the population is not even aware of the incident. Last week, two children wanted to go and wash their cloths and the water carried them away, it is just three days ago that the last corpse was discovered,”.

He further explained that; “When I just came here, we had no problem because the water was very small, it has grown so big and causing so much problem and panic to the population living here. Many children leave from one side to another to go to school, some to wash dresses and even when someone is sick, to cross the person is a problem, we really need the bridge,”.

With the return of the rains, the inhabitants are hoping on the local authorities to rescue the situation.

Source: Cameroon News Agency

SEMA boss assures IDPs in Plateau of government support

Mr Sunday Abdu, Executive Secretary, Plateau State Emergency Management (SEMA) has assured the Internally Displaced Persons (IDPs) in the state that government is working towards addressing their needs.

Abdu who gave the assurance on Thursday when he visited the IDP camp in Mangu, Mangu Local Government of Plateau, urged them to be of good behaviour as they wait for the interventions.

The executive secretary told the IDPs that government was doing everything within its powers to nip in the bud, the problems that brought them to their current predicament.

“I want to tell you that this predicament will not last long and I encourage you to be appreciate government, private organisations and individuals for what they have done so far to assist you.

“Government is aware of your challenges and our coming here is to further assess your situation and see what we can do to reduce your sufferings.

“Please be patient, government is working tirelessly to meet your needs and that will be done very soon.

“While you’re here, please stay in peace devoid of any rancour and desist from any acts that are contrary to our norms as Plateau people. Desit from illicit activities like drugs, sex, theft and all what not.

“Be rest assured that government is working hard to address what has caused this disaffection and confusion in our land,’’ he stated.

Mr Artu Markus, Management Committee Chairman of Mangu Local Government commended SEMA for the role it is playing since the beginning of the unfortunate incident.

Markus assured the people that government is working closely with security agencies, community leaders and relevant groups to ensure that normalcy is restored so that the people would return to their communities.

Mr Markus Gomwesh, Financial Secretary, Mwaghavul Development Association, thanked the state government and promised to pay the medical bills of the IDPs.

“We also thank government for tilling the lands where the crops were mowed by the invaders who want our people to die of starvation.

“We were thinking that the possibility of this people returning to their ancestral homes would be a very big challenge but seeing the tractors recultivating the destroyed farms we have hope,” he said.

Source: News Agency of Nigeria