KUALA LUMPUR, Jan 11 (Bernama) -- Japan dominates the Top 20 Mega Airlines in the world, with All Nippon Airways in first place with an on-time performance (OTP) of 88.79 per cent, according to OAG Punctuality League 2023.
In a statement, OAG said its Punctuality League 2023 revealed the most punctual airlines and airports in the world.
“Japan Airlines ranked second with an OTP of 88.07 per cent followed by LATAM Airlines in third place (OTP 85.03 per cent) and Azul Airlines came in fourth (OTP 84.87 per cent) among Latin American (LATAM) carriers,” it said.
Five United States (US) carriers round out the Top 10 with Delta Air Lines (OTP 81.79 per cent) ranked sixth, while five European carriers ranked among the Top 20 Mega Airlines, including KLM Royal Dutch Airlines ranking the highest at 11th place (OTP 73.06 per cent).
“Global on-time performance is reaching levels last seen before the pandemic as carriers work to ease operational pressures and delays.
“Confidence in the travel recovery is growing with airlines placing new aircraft orders, new routes being announced and labour challenges seemingly subsiding,” said OAG chief analyst, John Grant.
Among the Top 20 low-cost carriers in the world, Germany’s Eurowings came in first (OTP 95.26 per cent), followed by Thai AirAsia in second (OTP 92.33 per cent) and Jeju Air in third (OTP 91.84 per cent).
In addition, Tokyo Haneda took the first spot with an OTP of 88.06 per cent, among the Top 20 Mega Airports in the world, while in North America, Atlanta Hartsfield-Jackson International ranked second (OTP 80.08 per cent) and Mexico City International ranked 12 (OTP 72.73 per cent).
Headquartered in the United Kingdom, OAG is the leading data platform for the global travel industry with operations in the US, Singapore, Japan, China and Lithuania.
-- BERNAMA
Wednesday, 11 January 2023
OAG: JAPAN TOPS MEGA AIRLINES, MEGA AIRPORTS WORLDWIDE FOR PUNCTUALITY
CLOUDFLARE ANNOUNCES NEW SOLUTIONS TO HELP CIOS MAXIMIZE EMPLOYEE COLLABORATION AND PRODUCTIVITY
Digital Experience Monitoring will provide unparalleled visibility and insights to businesses in the age of remote work
SAN FRANCISCO, Jan 10 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced Cloudflare Digital Experience Monitoring, an all in one dashboard that helps CIOs understand how critical applications and Internet services are performing across their entire corporate network. Cloudflare Digital Experience Monitoring, part of Cloudflare’s Zero Trust platform, will provide IT leaders with predictive, historical, and real time intelligence around application outages, network issues, and performance slow-downs to keep employees productive wherever they are working."IT teams have been working in the dark for too long, today we’re switching on the lights for the modern corporate network,” said Matthew Prince, CEO and co-founder at Cloudflare. “Our global network powers a huge part of the Internet, giving Cloudflare a unique view of what is happening online and allows us to identify trends before our customers do, and now we are sharing these insights with customers. Think of Cloudflare Digital Experience Monitoring as the air traffic control of the modern corporate network, keeping data moving, applications running smoothly, and employees safe.”
When employees left the office in 2020, the IT teams that helped keep applications running and networks operational suddenly lost crucial visibility into the day-to-day experiences of their users. Now, with highly distributed workforces, when IT teams learn of an issue they no longer know if the video conferencing software is experiencing a localized outage, the cloud network is down, or an employee's home Internet connection is causing performance issues. This lack of visibility can slow teams down, waste countless hours in investigation, and clog up valuable resources with maintenance.
Tuesday, 10 January 2023
AM Best affirms Malaysian Reinsurance’s credit ratings
KUALA LUMPUR, Jan 9 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Malaysian Reinsurance Bhd (Malaysian Re).
In a statement, AM Best said the credit ratings, which have a stable outlook, reflected Malaysian Re’s balance sheet strength, which was assessed as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Malaysian Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.
The credit rating agency viewed the company’s investment portfolio to be generally conservative, whereby the majority of investments are allocated to term deposits, government bonds and good quality corporate bonds.
Additionally, the company benefits from good financial flexibility as demonstrated by its recent subordinated debt issuances in 2022, and historical capital support from MNRB Holdings Bhd.
“The company’s operating performance is assessed as adequate, as evidenced by a five-year average return-on-equity ratio of 5.6 per cent between financial years 2018 and 2022.
“Malaysian Re’s underwriting performance was negatively impacted in the financial year ending March 31, 2022, mainly by its exposure to Malaysian and European floods, as well as other large losses in 2021,” it added.
While the company’s investment income declined in financial year 2022 as a result of lower interest income and unrealised losses on equity investments including unit trusts, it remains a positive contributor to overall earnings.
Malaysian Re is the largest non-life reinsurer in Malaysia, with a dominant domestic market share, benefitting from a regulatory domestic cession arrangement, which provides it with access to a steady stream of profitable domestic business.
Future product and distribution channel diversification is expected to be supported by strategic expansion into non-traditional products and specialty lines, as part of the company's ongoing business remodelling programme.
-- BERNAMA
TELEDYNE E2V RELEASES FIRST HIGH RESOLUTION TIME-OF-FLIGHT SENSOR, HYDRA3D+
KUALA LUMPUR, Jan 10 (Bernama) -- Teledyne e2v, a part of Teledyne Technologies has released its Hydra3D+, a new Time-of-Flight (ToF) CMOS image sensor which incorporates 832 x 600 pixel resolution and is tailored for versatile 3D detection and measurement.
Teledyne e2v marketing manager for 3D imaging, Ha Lan Do Thu said with Hydra3D+, customers can easily achieve reliable 3D measurement with the highest levels of 3D performance, uncompromised image quality in both 2D and 3D modes, and in all distance ranges and conditions even where multiple systems operate or in outdoor environments.
“Designed with Teledyne e2v’s proprietary CMOS technology, Hydra3D+ features a brand-new 10 µm (micrometre) three-tap pixel which provides very fast transfer times (starting from 10ns), and displays high sensitivity in the near-infrared (NIR) wavelength, alongside excellent demodulation contrast.
“An innovative on-chip multi-system management feature enables the sensor to work alongside multiple active systems without interference which can lead to false measurements,” said Teledyne e2v in a statement.
The excellent sensitivity of Hydra3D+ enables it to effectively manage lighting power and handle a wide range of reflectivity.
Its high resolution, with powerful on-chip HDR, featuring an on-the-fly flexible configuration, enables the best trade-off between application-level parameters, such as distance range, object reflectivity, and frame rate.
The sensor has been thoughtfully designed for customers seeking real-time and flexible 3D detection with uncompromised 3D performance, offering large field-of-view scenes captured in both 2D and 3D by a compact sensor which makes the system very cost effective.
“Documentation, samples, and development tools are now available upon request,” it said.
-- BERNAMA
NIPPON EXPRESS (SOUTH ASIA & OCEANIA) HOSTS WEBINAR JAN 17, 18
KUALA LUMPUR, Jan 10 (Bernama) -- Nippon Express (South Asia & Oceania) Pte Ltd (NXSAO), a group company of Nippon Express Holdings Inc will hold a webinar titled “2023 Air & Ocean Freight Market Trends and Forecasts” on Jan 17 and Jan 18.
According to a statement, the webinar would be held twice, once in English and once in Japanese, and was specifically designed for those interested in international logistics in the South Asia and Oceania region.
“The webinar will be held online via Microsoft Teams in which registration is now being accepted via email and the deadline for registration is on Jan 12, 2023.
“Agenda that will be highlighted in the webinar are future economic trends from a global perspective (Nomura Research Institute Ltd); Market trends -- air and ocean freight market forecasts for 2023 (NXSAO); and introduction of Nippon Express Group's services (NXSAO) along with a question and answer (Q&A) session,” it said.
For more information, visit https://www.nipponexpress.com/
-- BERNAMA
GETGO CHOOSES JUMIO TO UNLOCK FASTER DIGITAL ONBOARDING FOR NEW DRIVERS
SINGAPORE, Jan 10 (Bernama-BUSINESS WIRE) -- Jumio, the leading provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, today announced its partnership with GetGo, the largest car-sharing service in Singapore, to create an ecosystem where mobility is shared and sustainable for all.
GetGo prides itself on an extremely user-centric service with a focus on simplicity, flexibility and accessibility — for customers who want to be able to easily book a vehicle whenever and wherever they are using their mobile phones.
Jumio leverages the power of biometrics, AI and the latest technologies to quickly and automatically verify the digital identities of new GetGo customers.
Jumio offers the most comprehensive identity verification solution on the market, accepting and reliably verifying more than 5,000 ID subtypes from across the globe, including many with non-Latin script, which will enable GetGo to scale its onboarding process throughout Asia Pacific and beyond.
In using Jumio, GetGo is also able to protect its fleet of over 1,700 vehicles against theft. Jumio Identity Verification ensures that the person creating a new GetGo account or requesting a new vehicle is who they claim to be. By requesting a valid government-issued ID and a selfie, Jumio provides a valuable fraud prevention tool, as fraudsters generally prefer not to use their own likeness when trying to scam GetGo.
“GetGo looks to partner with providers who are committed to building best-in-class solutions to challenges we face in the car-sharing business,” said Lionel Fong, GetGo’s Group Product Lead. “Jumio's facial verification technology allows GetGo to simultaneously raise its trust and safety standards while enhancing its customer onboarding experience. GetGo looks forward to a long-term partnership with Jumio in pushing the boundaries on bringing a reliable and frictionless verification experience to the masses.”
“We are proud to work with GetGo to put the freedom to drive in their customers’ hands,” said Frederic Ho, Jumio VP of Asia Pacific. “By using Jumio technology in its eKYC process, GetGo is able to protect its car-sharing ecosystem and provide a seamless digital onboarding experience.”
To learn more about Jumio and its award-winning, AI-powered solutions, visit jumio.com.
About Jumio
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio KYX Platform provides advanced risk signals, identity proofing and compliance solutions that help you accurately establish, maintain and reassert trust.
Leveraging advanced technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.
Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe, Asia Pacific and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
For more information, please visit jumio.com.
About GetGo
Founded in August 2020, GetGo is the fastest growing and largest carsharing platform in Singapore, with over 1,700 vehicles across 1,300 locations available 24/7. With a singular focus on providing the best-in-class experience to enable the community with the freedom to drive, GetGo launched their service in February 2021.
From launching with 10,000 users, GetGo has since grown to serve a community of more than 200,000 users with thousands of bookings each day. Through its simple, flexible, and accessible service, GetGo has enabled its users to enjoy the freedom to drive and create countless special memories with their loved ones.
For more information on GetGo’s services, you may visit their website or Help Centre. The GetGo app is available for download on Apple App Store and Google Play Store.
Friday, 6 January 2023
DUCK CREEK ENTERS DEFINITIVE AGREEMENT FOR IMBURSE PAYMENTS ACQUISITION
KUALA LUMPUR, Jan 6 (Bernama) -- Duck Creek Technologies (Duck Creek), the intelligent solutions provider defining the future of property and casualty insurance, has entered a definitive agreement to acquire Imburse Payments (Imburse), a Swiss-based modern payments platform.
As part of Duck Creek, Imburse would continue serving its existing client base and markets, while accelerating expansion plans for new clients across Europe and into North America and Asia-Pacific.
“Imburse has a strong team and they have deep expertise across the payments ecosystem, thus will help to broaden Duck Creek’s insurance industry leadership,” said its chief executive officer (CEO), Mike Jackowski in a statement.
Meanwhile, Imburse CEO, Oliver Werneyer said being part of Duck Creek will further accelerate the company’s mission to simplify how businesses around the world access the global payments ecosystem.
Imburse’s cloud-native software-as-a-service (SaaS) payment solution is built for the insurance industry, bringing greater ease and efficiency into end-to-end insurance transactions.
It enables insurance carriers to quickly connect to the entire payments ecosystem at a lower cost, seamlessly integrate with existing finance infrastructure and processes, and manage multiple partners for collections and disbursements, all in one place.
The platform will continue to be available on a stand-alone basis and will also be fully integrated with Duck Creek’s suite of technology solutions, further enabling carriers’ digital transformation goals with modern tools.
The acquisition remains subject to customary closing conditions and is expected to close during the second fiscal quarter of 2023.
-- BERNAMA