Insurance start-up Qoala gets $13.5 million investment

October 19, 2020 0 Comments

first_img“Through this funding, we will invest further in technology, human resources and brand in support of our strategy to give the best service to customers, platform partners and insurance companies,” Qoala cofounder Tommy Martin wrote in a press statement.The Jakarta-based company intends to double its number of employees to 300 next year, Tommy said. After its first year of operations, Qoala handles 2 million policies per month, up from 7,000 policies in March 2019.Indonesia’s insurance industry has struggled to boost its penetration rate as it floats around low single digits for years at around 3 percent today, yet the growing Indonesian middle class presents as a big opportunity.“Looking at the rapid growth of the middle class, the need for insurance and financial planning will also increase. Therefore, we are certain [that,] through relevant innovation, the insurance sector in Indonesia can develop rapidly,” said Kenneth Li, managing partner of Centauri Fund.The middle class, which accounts for half of all household spending in the country, has booked average consumption growth at 12 percent annually since 2002, according to World Bank data.Qoala, which provides insurance coverage for tourism, fintech, retail and logistics, as well as employee healthcare, is currently cooperating with insurers providing COVID-19-related services for consumers and small and medium enterprises (SMEs) across Indonesia.The platform has partnered with digital platforms that range from Tokopedia and Shopee to Investree and Mitra Adi Perkasa (MAP) Group. It is supported by more than 20 insurance companies, including AXA Mandiri, Adira Insurance and Great Eastern.Topics : Qoala, an insurance technology start-up, has secured US$13.5 million in its first round of financing from major investors Sequoia India, Flourish Ventures and Mirae Asset Venture Investment.The Series-A investment round was led by Centauri Fund, a joint venture between South Korea’s Kookmin Bank and state-owned telecommunication giant Telkom Indonesia, Qoala announced Tuesday.Existing investors also participated, including Bank Central Asia’s Central Capital Ventura, MDI Ventures, Surge, MassMutual Ventures Southeast Asia and Seedplus. last_img read more

Sinnemahoning State Park Dredging Work Finished

September 28, 2020 0 Comments

first_imgThe multi-million dollar dredging project at the George B. Stevenson Dam in Sinnemahoning State Park has been completed, reports the park manager Lisa Bainey.According to Lisa Bainey, the project called for sediment removal/dredging to occur at the northern end of the reservoir and around the boat launch area.During the works, over 125,000 cubic yards of sediment was removed and spread on reclaimed strip mines in Sproul State Forest.Now with the dredging completed, the park will renovate the boat launch and mooring areas to enhance boating and fishing opportunities on the George B. Stevenson dam.Upgrade plans include paving of the parking lot and boat launch pad, installing a courtesy dock, and enhancing the mooring area to make launching easier for mooring patrons.Bainey also added that because of the wet weather, opening of the boat launch has been postponed for early August.last_img read more

Parliament Approves new Firearms Act to tackle crime

September 26, 2020 0 Comments

first_img 35 Views   no discussions Tweet LocalNews Parliament Approves new Firearms Act to tackle crime by: – March 18, 2011 Share Sharecenter_img Share Sharing is caring! With a new piece of legislation providing for stiffer penalties on illegal firearm possession, and a ban on the importation on imitation firearms, the Dominica government says it will stamp down on crime.The new Firearms Act was approved in Parliament Thursday night, the First Session of the Eighth Parliament.“This will certainly assist the police in combating lawlessness and criminal behaviour in our country,” Prime Minister Roosevelt Skerrit said, adding that the legislation will be tough on those convicted of holding and/or using weapons illegally.“No longer are we asking you for your money. We are saying to you that if you’re convicted for any of the crimes where you’re in use of a firearm that you will go to prison…If you are found guilty of a gun crime, you will go straight to prison.”Charles Savarin, Minister for National Security, stated that significantly higher penalties “both in terms of fines and prison sentencing” will be meted out to those who commit crime with the use of firearms. A 15 year sentence, for instance, will be given to anyone who uses through use of a gun, threatens or assaults the Prime Minister, President, Members of Parliament, Speaker of the House of Assembly or any public officer.The new Act will see imitation firearms outlawed, to quell long-time concerns surrounding the use of those weapons particularly by children.  “That is a matter of grave concern. At Christmas time, persons have in their stores for sale, imitation firearms which look very realistic. You’ve got rifles; you have got side arms, hand guns, which, by many looking at them, you cannot distinguish between a real firearm and an imitation firearm.” Savarin highlighted.He noted that people have used the fake guns to commit crime, and the Firearms Act that has been approved will disallow the selling and buying of these firearms in Dominica.Source: DBS NewsPhoto : dearscience.orglast_img read more

Batesville Sports Schedule Updates

September 24, 2020 0 Comments

first_imgThe Batesville Freshman Baseball’s April 8th game vs South Dearborn was canceled earlier due to low numbers for South Dearborn.  The Frosh Bulldogs will now play host to Columbus East on (4-8) starting at 5:30 PM.The Batesville Middle School, St. Louis, and South Decatur 3-way Golf Meet at Wyaloosing Golf Course on April 21 has been canceled.The Golf Meet at Columbus Central on April 14th was going to be canceled, but now it is rescheduled for April 21st since that date is now open.BMS Golf schedule  at this time . . .S    4/12    Madison Inv.                T    9:00 AMTh    4/17    Brookville                T    5:15 PMM    4/21    Columbus Central            T    5:15 PMM    4/28    N. D. & St. Louis            H    4:30 PMM    5/5    Madison, St. Louis, Shelbyville    H    4:45 PMM    5/12    St. Louis, S. Dearborn    @ Dearborn CC    5:00 PMS    5/17    BMS Inv. (1st Annual)    @ Cricket Ridge    TBAM    5/19    St. Louis, S. Dearborn        H    5:00 PMSubmitted by Batesville AD Mark Ferguson.last_img read more

Lady Bulldogs Handle Lady Knights In MS VB

September 24, 2020 0 Comments

first_imgThe 7th grade BMS Lady Bulldog Volleyball team defeated South Dearborn in 2 solid games. Scores were 25-21; 25-15.Abby Westerfeld was 9 for 10 with 8 points and Sydney Huffner was perfect on all 9 of her serves earning 7 points. Biz Mullen contributed with 3 service points while going perfect on all 4 of her serves. Kayla Meyer was aggressive at the net connecting on 6 good spikes. Abby had 4 kills to lead the team. Ellie Cassidy passed well in the back row.The 8th grade BMS Lady Bulldog Volleyball team also picked up a decisive win vs. South Dearborn by the scores 25-14; 25-14.Kylie Wanninger hit all 15 of her serves picking up 12 points including 6 aces. Katie Bohman was 6 for 6 serving with 5 points. Caitlynn Werner and Kelsey Shupe chipped in with 6 and 5 points respectively. Hattie Westerfeld was 8 for 9 at the net with a kill, while Tori Kurtz and Maggie Walsman each pounded 2 kills at the net.Courtesy of Bulldogs Coach Shelly Prickel.last_img read more

Elliott reigns in inaugural Red River Tour, adds Dirt Dominator win in IMCA Modified series final

September 23, 2020 0 Comments

first_imgHe’d earn hard charger honors and win the Dirt Dominator event while clinching the tour title the next night at Ardmore. “It was a pretty cool ending to the tour,” Elliott said. Elliott had a pair of fourth place finishes in the first three races, then got caught up in an early wreck in the show at Devil’s Bowl Speedway. Undeterred and with the help of Cory Davis and his crew, Elliott soldiered on and was rewarded the next night with the checkers at Bells. Elliott got the best of a stellar field at Grayson County Speedway, then raced his way out of a ‘B’ feature to ninth place in the IMCA Modified tour finale the next night to edge Jeffrey Abbey for the ti­tle. HIS CREW: Wife Tana, daughter Cambryn and parents David and Tammy. Chris Elliott was champion of the inaugural Red River Tour for IMCA Modifieds. (Photo by Stacy Kolar, Southern Sass Photography)center_img “Winning this tour meant a lot to me. There are a lot of guys in Texas who are very good race car drivers and may not get the time in the spotlight they deserve,” said Elliott, from Abilene. “To not only make each of the six races but to be consistent and have a car that could have won half of them meant a lot.” “We tore up some stuff at Devil’s Bowl, went over the car before loading up and slept by the side of the road before we got to Grayson County,” said Elliott, who got to see the sun come up over the vast Texas horizon. “That track is really my kind of place. Winning there really gave us a boost.”  ABILENE, Texas – His win at the track he called “a cool little place” highlighted Chris Elliott’s run to the championship of the inaugural Red River Tour. Wins-1                    Top Five Finishes-3           Starts-6 HIS SPONSORS: Strong Ready Mix, Kyle Paul Construction, Big Country Title, Armorthane, Ra­mos Masonry, Hydropro Landscaping, Dark Horse Racing Shocks and Abilene Materials, all of Abilene; Randy, Will and Pam Poston at Poston Motorsports, Midland; IRP Race Cars of Longview; E & E Kustom of Eastland; Truform Race Products of Waco; Crabtree Motorsports of Clyde; Raider Graphix of Lubbock; Dave Leech Construction of San Angelo; Octane Trade School; Neuline Engineering; and Ti-Lube of Mount Ayr, Iowa.last_img read more

Bailey: Syracuse, Pittsburgh carry underperforming ACC early in conference play

September 17, 2020 0 Comments

first_img Published on January 17, 2014 at 4:34 am Jim Boeheim, Jamie Dixon and Mike Brey shared an exchange while traveling together this summer.The three Big East coaches who would lead their respective programs into the highly touted Atlantic Coast Conference — the same one Duke head coach Mike Krzyzewski said could be the best of all time — planned to send a message in their first season.They were going to be competitive and consistent.“There’s probably a little bit of pride getting in the league and kind of establishing yourself right away,” Brey said during the ACC coaches’ teleconference on Monday. “I know for us personally, that’s something we talked about all summer.”So far, No. 2 Syracuse (17-0, 4-0 ACC) and No. 22 Pittsburgh (16-1, 4-0) have lived up to that pact, while Brey’s Notre Dame has been crippled by the loss of leading scorer Jerian Grant due to an academic issue. On Saturday at 4 p.m., the Orange will host the Panthers in a matchup of the ACC’s only two teams still unbeaten in conference play.AdvertisementThis is placeholder textThey’ve throttled their competition early, as the traditional ACC powers — No. 23 Duke and North Carolina — have fallen 10 times, including seven to unranked opponents. The Orange and Panthers have barely had any close calls, with none of their wins coming by fewer than five-point margins. The Blue Devils and Tar Heels have combined for just one double-digit win in conference play.“When the ACC went out to add teams, I think their mission was to get the best basketball teams they could,” Dixon said during the teleconference. “And Syracuse and us, I think we were one in the last 10 years by a pretty good margin and they were, too.”Only two weeks into the ACC season, the two Big East transplants are doing all they can to save the group from being atrociously bad. Still, it’s just the fifth-best conference in the nation by Ratings Percentage Index, and is 11-21 against the Associated Press Top 25 teams this season.If the Blue Devils weren’t the Blue Devils, they wouldn’t even be ranked. And a one-dimensional North Carolina team that came into the Carrier Dome last weekend will have trouble going anywhere shooting 30.6 percent from the 3.“Over time, Duke and North Carolina have been pretty doggone good and have stood the test of time,” said UNC head coach Roy Williams during the teleconference. “Whether this is a bad year or a bad month or a bad week or two bad games, who knows?”Syracuse has relied on a balanced offense and an increasingly stingy 2-3 zone. The strong backcourt play from Tyler Ennis and Trevor Cooney has exceeded expectations, and C.J. Fair has been as reliable as any player in the country in crunch time.From Baylor to St. John’s to Miami to Boston College, every time an opponent has challenged the Orange, it’s protected the target on its back.Even when it doesn’t come easily, Fair said, SU has found a way — like against the Eagles. “You don’t want to force anything because your back’s against the wall, but you don’t want to play desperate,” Fair said after Monday’s game. “We found a way and we got stops when we needed it.”Pittsburgh hasn’t dealt with quite as many nail-biters. The Panthers have not faced a ranked team, and their closest margin of victory came in their 81-74 win over Georgia Tech on Tuesday.Still, despite a strong schedule outside the top 100, Pitt has leaned on uber-efficient forward Lamar Patterson. The senior has the highest raw offensive efficiency among players who are used in at least 24 percent of possessions, according to KenPom.com.The senior has slimmed down and padded his patience, and is a large reason why Pitt leads the ACC with 48.8-percent shooting as a team.“It’s been constant since his freshman year,” Dixon said. “The body wasn’t where it needed to be, and we finally reached it. You wish you could do it overnight and have a chance his freshman year, but he’s seeing the results, we’re seeing the results and he’s a good example for younger players.”Together, the Orange and the Panthers are keeping the ACC afloat in a deep national landscape.The start of the ACC schedule is comparable to Jim Halpert’s start in Stamford, Conn., on “The Office.”After a heartbreaking departure from a long and valued relationship, Jim moves in to the new office, quickly gets the best looking girl there and casually becomes the boss’ favorite employee. Fellow salesman Andy Bernard watches as the new guy in town takes his non-squeaking chair. His rage gradually builds up to the point of unleashing an angry tantrum and punching a hole through a wall.Syracuse and Pitt are Halpert. The rest of the ACC is Andy Bernard. Comments Facebook Twitter Google+last_img read more

Womens water polo has two players of the week

September 17, 2020 0 Comments

first_imgYouth showed its strength for the Women of Troy this week as sophomore driver Stephania Haralabidis was named Mountain Pacific Sports Federation Player of the Week, and freshman goalie Victória Chamorro was named MPSF Newcomer of the Week.This is Haralabidis’ first Player of the Week award, but she has a history of MPSF recognition as she won Newcomer of the Week on two different occasions last year.Haralabidis was an unstoppable force for USC this past weekend. In the semifinal game, as the No. 3-ranked Women of Troy competed against No. 11 Cal State University Northridge, Haralabidis scored five goals.  Four of them came in the first half of the game. In the championship game against No. 6 UC Irvine, Haralabidis not only notched a first-period hat trick, but she repeated her dominant scoring performance with another five goals.Having scored two in each of Saturday’s games against Cal State East Bay and Long Beach State, Haralabidis finished the tournament with 14 total goals.Haralabidis earned All-America Honorable Mention honors last season, her first at USC.  Haralabidis is a native of Greece who has competed on both the Junior and Senior National Teams.With the first award of her Trojan career, Chamorro started off the season with a new personal best.  Playing in goal for the Women of Troy for all four quarters of the championship victory against No. 6 UC Irvine, Chamorro captured 15 saves — her new career best.Chamorro played a total of 13 periods over the weekend for the Women of Troy and garnered 27 total saves.  Over her time in goal, Chamorro allowed only 11 goals during the entire tournament.Chamorro hails from Brazil and is a member of the Brazilian National Team.At this weekend’s Triton Invitational, USC won each game by at least five goals.  USC beat Cal State East Bay 22-4, Long Beach State 15-1, No. 6 CSUN 19-3 in the semifinals, and No. 3 UC Irvine in the championship game 10-5. The Women of Troy are undefeated this season with a record of 6-0.  Looking ahead, they will be competing in the Lancer Invitational Friday and Saturday in Riverside, California. With only three senior members on the team, the Women of Troy look to continue building their dynasty with this young talent.last_img read more

The Final Word: Beat writer discusses Syracuse’s loss to NC State

September 16, 2020 0 Comments

first_img Comments AdvertisementThis is placeholder text Syracuse (17-8, 8-4 Atlantic Coast) struggled to get past North Carolina State’s (18-7, 6-6) defense and let its early halftime deficit widen into a larger loss. The Orange went 5-of-25 from beyond the arc with its five 3-pointers coming from Frank Howard, the only star of the game. The senior point guard had 21 points in 28 minutes while Tyus Battle and Oshae Brissett combined for nine points in the loss.Here’s what our beat writer had to say about Wednesday’s game. Facebook Twitter Google+center_img Published on February 14, 2019 at 12:16 amlast_img read more

Zenith Bank Hails Eaglets’ Fighting Spirit

September 8, 2020 0 Comments

first_imgInterestingly, the team came back from 2-1 down to win the two games 4-2 and 3-2 respectively.The Group Managing Director of Zenith Bank, Ebenezer Onyeagwu, on Wednesday commended the players for their fighting spirit.Onyeagwu said: “It is not easy to achieve victory from a losing position. It shows determination and good fighting spirit.“We have a good record in this competition and we expect the Eaglets to go far in the tournament.”The Zenith Bank boss added that his outfit was proud of the impact made by some players in the team who emerged from the Future Eagles project the bank is having with the NFF.In Brazil, some of the Future project products in the team are Usman Ibrahim, Samson Tijani (c), Olakunle Olusegun Akinkunmi Amoo and Divine Nwachukwu.“We are happy that the partnership is a boost to the country’s football and this is enough to make us do more for football and sports in general,” Onyeagwu added.Tijani scored two goals while Usman scored one in the 4-2 win Nigeria recorded over Hungary. Amao and Olusegun are yet to hit target but they have been impressive in the two games.Nigeria’s last group match is against Australia on Friday.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram FIFA U-17 WORLD CUPZenith Bank Plc, partner of the Nigeria Football Federation, has showered praises on the national U-17 team for booking a place in the last 16 stage of the FIFA U-17 World Cup.In the global age grade competition taking place in Brazil, the Golden Eaglets won their first match 4-2 against Hungary on Saturday and only on Tuesday, the team also defeated Ecuador 3-2 to confirm Nigeria’s place in the second round.last_img read more