Day: March 14, 2022

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Sky Technologies Announces Paul Chernawsky as Chair of its Insurance Advisory Board Committee

Miami, FL, March 14, 2022 – SQL Technologies Corp. (NASDAQ: SKYX) (“Sky Technologies” or “the Company”), a highly disruptive smart platform product technology company, with over 60 U.S. and global patents and patent pending applications, enhancing safety and smart home lifestyle in homes and buildings, today announced that Paul Chernawsky, founder, and former CEO of Endurance (E&Y 2017 Entrepreneur of The Year [MW]), a U.S. leading car warranty company, who invested SKY’s IPO, will Chair Sky’s Insurance Advisory Board Committee.

Mr. Chernawsky said: “I am very excited and honored to join Sky and Chair Sky’s Insurance Advisory Board Committee, as I strongly believe that the safety aspects of Sky’s new revolutionary platform technologies will significantly enhance home and building safety, save lives, prevent many injuries and hazardous incidents, as well as major property damages. This will be a big win for insurance companies, as I anticipate it will substantially reduce their losses and lower their premiums in several categories.”

Rani Kohen, Sky’s Founder and Executive Chairman, commented: “It’s a tremendous addition to our team having an insurance leader such as Paul Chernawsky (Founder and former CEO of Endurance) joining Sky to Chair our Insurance Advisory Board Committee. Mr. Chernawsky will collaborate with Mark Earley (former NFPA’s Chief Electrical Engineer and former Head of National Electrical Code – NEC), Chair of Sky’s Safety Advisory Board Committee, and work together with insurance companies and safety regulators to support the adoption of Sky’s safety enhancing technologies towards Sky’s upcoming product launching in 2022.”

Mr. Chernawsky founded Endurance, a U.S. leading car warranty company, in 2006 and served as its CEO until 2021. He has vast insurance experience and was awarded as E&Y entrepreneur of the year for 2017 [MW].

Mr. Earley is a world-renowned electrical engineer, the former NFPA Chief Electrical Engineer and former Head of the National Electrical Code (NEC). He also serves as the U.S. representative on the Advisory Committee on Safety of the International Electrotechnical Commission (IEC). The National Electrical Code (NEC) was established in 1896. Its purpose is to improve safety in U.S. homes and buildings.

About SQL Technologies Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard.

SQL Technologies Corp. (NASDAQ: SKYX) d/b/a Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com or follow us on LinkedIn

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements, such as the company’s plans to work with insurance companies and safety regulators involve risks and uncertainties that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor Relations Contact:

Lucas A. Zimmerman
MZ North America
949-259-4987
SKYX@mzgroup.us

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Cenfri & Equisoft Research: Low Consumer Trust Holding Back Insurance Distribution in Africa

Part of a new global study, this Africa-focused research identifies critical insurance distribution challenges caused by legacy technology systems, data silos and poor consumer attitudes towards the industry.

CAPE TOWN, South Africa, March 14, 2022 /PRNewswire/ — In a new report commissioned by Equisoft, global research firm Cenfri presents the findings of an executive study aiming to identify the key challenges and opportunities regarding digitalisation of distribution through banks and brokers, across the African insurance industry.

New Cenfri/Equisoft research on the challenges of insurance distribution in Africa

Conducted with 55 industry stakeholders representing life and health insurance underwriters, brokers and banks in 13 countries, the research reveals critical challenges in sales, origination, client engagement and underwriting functions.

Click here to access the full report.


Channel stakeholders don’t agree on critical challenges – making solutions hard to achieve

The study found that the different stakeholders in the channel had different perceptions of what the problems were and why they arose. For example:

  • 64% and 67% of insurers and brokers cited low trust, understanding and awareness among consumers as the biggest challenge they face
  • But 100% of banks felt the number one issue was low digital capabilities of insurers and/or customers
  • Over 80% of distributors mentioned difficulties developing new products/making product changes to address customer needs as a key perceived challenge they thought insurers faced. Yet this was not mentioned as a significant challenge for insurers, with only 27% stating that they have a poor understanding of customers’ needs

While disagreements amongst channel stakeholders remain, it will be difficult for the industry to significantly increase the very low penetration of insurance in the region. Especially when all parties agree that poor digitalisation of insurer systems is a major contributor to the problem.

Legacy technology modernization is needed to address systemic distribution issues

From their different vantage points, both underwriters and distributors have clear opportunities to grow insurance penetration in our market through modernization of core systems and their integration with digital sales and service solutions. Improved data sharing between stakeholders will further contribute to partner efficiency and effectiveness throughout delivery channels, to reduce consumer frustration with legacy processes and build trust,” commented Mia Thom, Director of Insights, Cenfri.

”Less than 10% of adults in Sub-Saharan Africa have private insurance. This research identifies the most critical contributors to that problem and provides the blueprint for overcoming consumer hesitancy and driving client engagement,” said Shingie Maramba, Director, Wealth & Insurance Solutions EMEA, Equisoft. ‘Modernizing legacy technology and increased automation not only accelerate innovation, but drives improved customer experience which is necessary to bridging the distribution gap and building consumer trust in our industry.”

About Cenfri

Cenfri is a global think tank and non-profit enterprise that bridges the gap between insights and impact in the financial sector. Cenfri’s people are driven by a vision of a world where all people live their financial lives optimally to enhance welfare and grow the economy. Its core focus is on generating insights that can inform policymakers, market players and donors who seek to unlock development outcomes through inclusive financial services and the financial sector more broadly.

About Equisoft 

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 220 of the world’s leading financial institutions in 16 countries, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship products include a SaaS policy administration solution, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s largest and most experienced partner for the OIPA platform. With its business-driven approach, deep industry knowledge, innovative technology, and expert teams based in Canada, USA, UK, Chile, Colombia, South Africa, India and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information about our products and services, please visit www.equisoft.com.

For further information: Jean Sabbagh, Vice-President, Marketing, Equisoft, T +1 888.989.3141, ext. 122, jean.sabbagh@equisoft.com

Photo – https://mma.prnewswire.com/media/1764837/Equisoft_Cenfri___Equisoft_Research__Low_Consumer_Trust_Holding.jpg

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‫بحث Cenfri و Equisoft: انخفاض ثقة المستهلك تعيق توزيع التأمين في إفريقيا

يحدد هذا البحث، كجزء من دراسة عالمية جديدة، والذي يركز على إفريقيا، تحديات توزيع التأمين الحرجة التي تسببها أنظمة التكنولوجيا القديمة وصوامع البيانات والمواقف السيئة للمستهلكين تجاه الصناعة.

كيب تاون، جنوب إفريقيا، 14 مارس 2022 / PRNewswire / — في تقرير جديد بتكليف من Equisoft ، تقدم شركة الأبحاث العالمية Cenfri نتائج دراسة تنفيذية تهدف إلى تحديد التحديات والفرص الرئيسية المتعلقة برقمنة التوزيع من خلال البنوك والوسطاء، عبر صناعة التأمين الأفريقية.

New Cenfri/Equisoft research on the challenges of insurance distribution in Africa

أُجريَ البحث مع 55 من المستفيدين في الصناعة يمثلون شركات التأمين على التأمين على الحياة والتأمين الصحي والوسطاء والبنوك في 13 دولة، ويكشف عن التحديات الحاسمة في المبيعات، والتأسيس، ومشاركة العملاء، ووظائف الاكتتاب.

انقر هنا للوصول إلى التقرير بالكامل.

لا يتفق المستفيدين في القناة على التحديات الحرجة – مما يجعل الحلول صعبة التحقيق

توصلت الدراسة إلى أن المستفيدين المختلفين في القناة لديهم تصورات مختلفة لماهية المشاكل ولماذا نشأت. على سبيل المثال:

·  أشارت 64% و 67% من شركات التأمين والوسطاء إلى ضعف الثقة والفهم والوعي بين المستهلكين باعتباره التحدي الأكبر الذي يواجهونه

·  لكن 100% من البنوك شعرت أن المشكلة الأولى هي ضعف القدرات الرقمية لشركات التأمين و / أو العملاء

·  وذكر أكثر من 80% من الموزعين الصعوبات في تطوير منتجات جديدة / إجراء تغييرات على المنتج لتلبية احتياجات العملاء باعتبارها تحديًا رئيسيًا يعتقدوا أن شركات التأمين تواجهه. ومع ذلك، لم يتم ذكر هذا على أنه تحد كبير لشركات التأمين، حيث صرح 27% فقط أن لديهم فهم ضعيف لاحتياجات العملاء.

في حين لا تزال الخلافات بين المستفيدين في القناة قائمة، سيكون من الصعب على الصناعة زيادة انتشار التأمين المنخفض للغاية في المنطقة بشكل كبير. خاصة عندما تتفق جميع الأطراف على أن الرقمنة الضعيفة لأنظمة التأمين هي مساهم رئيسي في المشكلة.

هناك حاجة إلى تحديث التكنولوجيا القديمة لمعالجة قضايا التوزيع النظامية

ومن خلال وجهات نظرهم المختلفة، يتمتع كل من الضامنين والموزعين بفرص واضحة لزيادة انتشار التأمين في سوقنا من خلال تحديث الأنظمة الأساسية وتكاملها مع حلول المبيعات والخدمات الرقمية. كما ستساهم مشاركة البيانات المحسنة بين المستفيدين بشكل أكبر في كفاءة الشركاء وفعاليتهم عبر قنوات التسليم، لتقليل إحباط المستهلك من العمليات القديمة وبناء الثقة.

صرح شينجي مارامبا، مدير شركة حلول الثروة والتأمين في أوروبا والشرق الأوسط وأفريقيا، في شركة Equisoft : “أقل من 10% من البالغين في أفريقيا جنوب الصحراء يتمتعون بتأمين خاص. “إن هذا البحث يحدد المساهمين الأكثر أهمية في هذه المشكلة ويوفر مخططًا للتغلب على تردد المستهلك وقيادة مشاركة العملاء. لا يؤدي تحديث التكنولوجيا القديمة وزيادة الأتمتة إلى تسريع الابتكار فحسب، بل يؤدي أيضًا إلى تحسين تجربة العملاء وهو أمر ضروري لسد فجوة التوزيع وبناء ثقة المستهلك في صناعتنا”.

نبذة عن Cenfri

Cenfri هي مؤسسة فكرية عالمية ومؤسسة غير ربحية تعمل على سد الفجوة بين الرؤى والتأثير في القطاع المالي. إن فريق Cenfri مدفوع برؤية لعالم يعيش فيه جميع الناس حياتهم المالية على النحو الأمثل لتعزيز الرفاهية وتنمية الاقتصاد. ينصب تركيز الشركة الأساسي على توليد رؤى يمكن أن تطلع صانعي السياسات واللاعبين في السوق والمانحين الذين يسعون إلى إطلاق العنان لنتائج التنمية من خلال الخدمات المالية الشاملة والقطاع المالي على نطاق أوسع.

نبذة عن Equisoft 

تأسست شركة Equisoft في عام 1994، هي مزود عالمي لحلول التأمين والاستثمار الرقمية المتقدمة. كما يُشهد لها كشريك قيّم من قبل أكثر من 220 مؤسسة مالية رائدة في العالم في 16 دولة، وتقدم Equisoft نظامًا بيئيًا كاملًا من الحلول، من التطبيقات المبتكرة للواجهة الأمامية إلى خدمات المكاتب الخلفية الواسعة والخبرة الفريدة في نقل البيانات. تشمل المنتجات الرئيسية للشركة حل إدارة سياسة البرمجيات كخدمة، وإدارة علاقات العملاء، وتحليل الاحتياجات المالية، والتخطيط المالي، وتخصيص الأصول، وتحليل الصناديق والمحافظ، وعروض الأسعار والرسوم التوضيحية، والتطبيق الإلكتروني، وأنظمة إدارة الوكالات، بالإضافة إلى بوابات العملاء والوكيل والوسطاء. Equisoft هي أيضًا أكبر شركاء أوراكل وأكثرها خبرة لمنصة OIPA . وتساعد Equisoft عملائها على مواجهة أي تحد في عصر الاضطراب الرقمي هذا، من خلال نهجها القائم على الأعمال والمعرفة العميقة بالصناعة والتكنولوجيا المبتكرة وفرق الخبراء المتمركزة في كندا والولايات المتحدة الأمريكية والمملكة المتحدة وتشيلي وكولومبيا وجنوب إفريقيا والهند وأستراليا. لمزيد من المعلومات حول منتجاتنا وخدماتنا، يرجى زيارة www.equisoft.com .

لمزيد من المعلومات: جيان صباغ، نائب رئيس الشركة، التسويق، شركة Equisoft ، هاتف888.989.3141, 1+ امتداد 122، jean.sabbagh@equisoft.com

الصورة – https://mma.prnewswire.com/media/1764837/Equisoft_Cenfri_Equisoft_Research__Low_Consumer_Trust_Holding.jpg

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Bybit Wins the Best Cryptocurrency Market Exchange Award at Cryptocurrency World Expo 2022

WARSAW, POLAND – Media OutReach – 14 March 2022 – Bybit is pleased to be recognized as the Best Cryptocurrency Market Exchange at the Cryptocurrency World Expo 2022. Industry leaders and rising stars in the blockchain and cryptocurrency community gathered at the two-day event in Warsaw, Poland from 9 to 10 March, 2022.

The award is a new milestone in Bybit’s compelling growth story from an emerging exchange for traders in 2018 to one of the most celebrated names for all crypto users around the world.Bybit_Image

Bybit’s Bill Xing joined fellow panelists at a round table on financial instruments in the blockchain space. As Head of Financial Products at Bybit, Bill leads efforts in researching and designing innovative instruments at one of the world’s fastest growing exchanges.

Bill said he saw it as the duty of centralized exchanges like Bybit to lower barriers to entry for those ready to embrace cryptocurrency.

Since decentralized finance (DeFi) started gaining mainstream momentum in 2020, Bybit had been gearing up to capture a share of the growth, Bill explained. It is now home to the Bybit Earn, offering a hassle-free platform for eligible users to make the most of their cryptocurrency holdings at various risk and yield levels.

Individual users looking to participate in, say, liquidity farming, had to set up and maintain their own wallet. They also faced relatively high gas fees should they choose to use the Ethereum blockchain. Bill said as a centralized platform, Bybit has been focusing on these two aspects to optimize the DeFi user experience by breaking down barriers.

“At Bybit we simplify DeFi for the average user. They can put their assets on the platform, choose their risk appetite and let the platform do the work,” he shared.

“The DeFi space is filled with noise,” he added. At the Bybit Earn, Bybit scopes out qualified and promising projects to lessen the due diligence burden with in-house resources an individual user may not have.

“We try to lower barriers to entry on all aspects by providing more information and investor education. On the product side, we try to make it more user-friendly for all age groups and skill levels,” he said, and centralized exchanges can help retail investors participate in the DeFi market by removing the technical hurdles.

“Fiat integration is another bump in the crypto onboarding journey that centralized exchanges are working on,” Bill said.

For the vast majority of people starting to adopt cryptocurrency, a robust and secure on-ramp and off-ramp system is a key consideration. “This functionality has mostly been taken up by centralized exchanges,” Bill said. For most actual users, the choice is not between “crypto or fiat” and they demand secure gateways in both directions,” he said.

Bybit’s booth at the Expo showcased its trading platform and greeted hundreds of cryptocurrency enthusiasts participating the Expo from across the world with refreshing beer. Over 1,400 visitors attended the conference in person in addition to virtual sessions to a global audience.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.

For more information please visit: https://www.bybit.com/

For updates, please follow Bybit’s social media platforms on

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

For media inquiries, please contact: press@bybit.com

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Indonesia Ensures Strict Compliance with COVID-19 Protocol towards G20 Presidency

JAKARTA, Indonesia, March 14, 2022 /PRNewswire/ — On track to host the G20 summit in Bali on November 15-16, The Indonesia’s Ministry of Health is set to implement a strict health protocol system as a precaution against COVID-19. The system will serve as a guideline for every in-person activity during the summit.

The Indonesian G20 presidency’s overarching theme is “Recover Together, Recover Stronger,” encouraging all countries to work together to achieve a more sustainable world recovery as the global pandemic continues to affect all sectors of life.

Indonesian officials ensure strict screening upon arrival

“The bubble system is in line with the current global framework of pandemic prevention. It’s a travel corridor scheme which aims to limit risks of possible transmissions by separating those involved in the summit from the public at hotels, venues, and other supporting facilities for every event or meeting during and leading up to the summit,” said dr. Siti Nadia Tarmizi, M.Epid, official spokesperson of COVID-19 Vaccination, the Indonesia’s Ministry of Health.

Four separate bubbles will be established. The first bubble is for G20 country delegates, including their main entourages. The second bubble is for general G20 participants and journalists, with the third bubble prepared for the summit’s organizers and field officers. Finally, the fourth bubble is for all the operational and supporting staff involved in the summit’s day-to-day affairs.

Considering the infection rate decline, Middle East, African and European countries have loosen travelling restrictions, however, there is an uneven reach of vaccination between regions. Around 54% of Middle East are partially vaccinated, Africa only has over 253 million people vaccinated out of 1,3 billion total population and 68% of Europe has been partially vaccinated. Thus, each has its own restrictions.

Looking at this current situation, vaccination mandates, regular health checks, and COVID-19 screenings will be part of the measures during the G20 summit in Bali. Attendees must provide negative PCR test results taken a maximum of three days before their departure. During the summit, they also must undergo a daily antigen test or a once-every-three-day PCR test throughout their stay in the bubble system area.

About the Indonesian Ministry of Health

The Indonesian Ministry of Health is committed to providing quality health care to all people living in Indonesia, creating healthy, productive, and resilient communities across the nation. We strive for effective leadership in the health sector through health quality standards, policies, and legislation.

Photo – https://mma.prnewswire.com/media/1765463/Indonesian_officials_ensure_strict_screening_arrival.jpg

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Shane Tedjarati, former Honeywell High Growth Regions President and CEO, launches global investment group Tribridge

Tribridge Group is dedicated to solving real-world challenges facing humanity in the 21st century

SAN FRANCISCO, March 13, 2022 /PRNewswire/ — Tribridge Group: Shane Tedjarati, the former President and CEO of Honeywell Global High Growth Regions, has launched the Tribridge Group (Tribridge) – a global investment organization dedicated to solving the real-world challenges facing humanity in the 21st century. As the name suggests, Tribridge will focus on building bridges between diverse teams across the world and applying leading technologies to address global mega trends.

“Tribridge is committed to bridging the East, the West and the Rest through Global Trends, Teams and Technologies. By naming the new company Tribridge, I want to carry forward the credo I have always upheld – that humanity’s prosperity is rooted in interdependence not isolation, and that the welfare of the whole is dependent on the well-being of the individual parts,” said Mr. Tedjarati, founder, Chairman and CEO of the Tribridge Group. “I aim to continue building people-to-people bridges across the globe via businesses and investments in my post-Honeywell life, which I like to call my life 3.0. I am so proud that we have already welcomed more than 10 world-renowned advisors and venture partners and we will seek to achieve our objectives by partnering with leading organizations with common convictions.”

Tribridge is building bridges across the world through six core initiatives: Global Asset Advisory, Tribridge Advanced Technologies, Global Venture Architecture, Tribridge Developments, Tribridge Global Mobility as well as Tribridge Global Capital, focusing on multiple sectors including food security, climate change, industrial transformation, global mobility, healthcare & life sciences, urbanization & essential housing, and education.

Mr. Tedjarati is a seasoned and highly respected business executive with over 35 years of experience throughout the globe, including more than two decades spent in Asia in general and China in particular. As President & CEO of Global High Growth Regions for Honeywell (NYSE: HON), he was the architect of it’s globalization drive which transformed the company into the world’s leading and largest industrial technology firm, driving the lion’s share of its growth from the emerging markets of the world.

Mr. Tedjarati was recognized by the board of directors as having “transformed Honeywell China from a scattered collection of small businesses … to a full-fledged Chinese enterprise representing Honeywell’s second-largest country in revenue,” and that they “greatly admire and respect his forthright style, judgment, keen insight, integrity, and recognize the indelible mark he left on the Company’s culture .. all of which contributed to the long-term success of the Corporation.”

Mr. Tedjarati remains a senior advisor to Honeywell International and joined VS Partners LLC as Chairman in January 2022. VS Partners is a values-based asset management firm investing globally and the exclusive platform to carry out Tribridge’s Global Asset Advisory initiative. He also serves on the board of leading multi-national and regional firms that consistently deliver strong business performance in North America, Europe and Asia.

About Tribridge Group

Tribridge Group is a global investment organization dedicated to solving the real-world challenges facing humanity in the 21st century. It builds “bridges” between “Teams, Technologies and Trends” and between “the East, the West and the Rest.” The group invests in and partners with players in key sectors, such as food security, climate change, industrial transformation, global mobility, healthcare & life sciences, urbanization & essential housing, as well as education. Tribridge partners with the world’s leading investment firms to grow companies on a global scale and drive sustainable value for their stakeholders. Tribridge has its headquarters in Hong Kong and representative offices in San Francisco, London, Dubai, Sydney, and Shanghai. For more information on Tribridge, please visit www.tribridgegroup.com.

About Shane Tedjarati

As the former Honeywell High Growth Regions President and CEO, Shane Tedjarati was responsible for driving Honeywell’s expansion throughout Asia, Africa, Latin America, the Middle East and Eastern Europe. Prior to Honeywell, he spent 20 years in information technology and management consulting and was the President of Deloitte in Greater China. He is a well-recognized leader who has successfully built sustainable businesses globally and is a thought leader on issues of globalization and industrial transformation. He is a Henry Crown Fellow of the Aspen Institute and co-founder of its flagship programs in China and the Middle-East.