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

Three-parent babies are ‘genetic engineering’ and should be banned

September 27, 2020 0 Comments

first_imgThe technique in involves replacing faulty mitochondrial DNA in a woman’s eggs that would mean she did not pass on diseases such as muscular dystrophy. The Telegraph 6 October 2014Three parent babies created with genetic material from three people would be the result of ‘genetic engineering’ and should not be allowed, a group of scientists will say.A change in the law to allow doctors to use genetic material from a third person to avoid serious and life threatening diseases is being debated. Mitochondria are the batteries in human cells it has been argued and that the new DNA would not alter a person’s personality or appearance.http://www.telegraph.co.uk/health/healthnews/11141898/Three-parent-babies-are-genetic-engineering-and-be-banned.htmlcenter_img In a letter seen by the Sunday Times to the Commons science and technology committee, which is holding a one-day inquiry into three parent embryos on October 22, a group of scientists said: “The safety of mitochondrial replacement therapy is not yet established sufficiently well to proceed to clinical trials.”last_img read more

Tanker off UAE sought by US over Iran sanctions ‘hijacked’

September 25, 2020 0 Comments

first_imgDUBAI – An oil tanker sought by the United States over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates, a seafarers welfare organization said Wednesday. Oil tanker sought by the United States was hijacked on July 5 off the U.A.E. coast. AP David Hammond, the CEO of the United Kingdom-based group Human Rights at Sea, said he took a witness statement from the captain of the MT Gulf Sky, confirming the ship had been hijacked. (AP) Satellite photos showed the vessel in Iranian waters on Tuesday and two of its sailors remained in the Iranian capital. It wasn’t immediately clear what happened aboard the Dominica-flagged MT Gulf Sky, though its reported hijacking comes after months of tensions between Iran and the U.S.last_img read more

Sunday blog: Talking Wheat Festival afterthoughts, water, and more…

August 14, 2020 0 Comments

first_img4. No foster parents…Sad to see that Babe Ruth Baseball has done away with the foster parent program. For years, my wife and I had hosted several dozen baseball/softball players from out-of-town. It was always great to meet new people and get their perspective in life. The players always loved Wellington.Now that program is gone. From what I’ve been told, it was getting so hard to find someone to host players, that it wasn’t worth the hassle. Also, there was the concern for liability.That’s a shame, because that foster parents brought something different to the table of youth sporting events and made the Babe Ruth program special. Now it’s an average tournament like any other summer weekend outing. e cnn Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (19) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +3 Vote up Vote down jack · 368 weeks ago water levels low at wellington lake. Why was the city selling water to the oil companies for use in drilling/fracking. Look what happened to anthony lake. The ninnescha is next oil companies have been sucking water out of it near rock road for over a month Report Reply 0 replies · active 368 weeks ago +15 Vote up Vote down anonymous · 368 weeks ago I’m calling Gus out. Baloney, dude. Until about a month ago, you were letting frackers “buy” as much as they wanted from Lake Wellington for their exploits. And man, they use a lot. You were lining the city bank account. Where’s the line between fiscal intellect and irresponsibility, Gus? This is a natural resource and a recreation spot. If denying us recreation, risking a fishkill and plain old selfishness aren’t heavy on your conscience, then leave the job so we can get someone else to do it which might be about due anyhow. Now I will get off my soap box, but be advised, Mr. Collins, we may be a small town lot of people but we did not (repeat – did NOT) just “fall off a hay truck.” Sell your snake oil to people who will buy it, dude. Report Reply 0 replies · active 368 weeks ago +8 Vote up Vote down Sumner Truck Driver · 368 weeks ago Water tower on the roundabout? Thanks to the city fathers it is nearly impossible to get a load of Sumner County’s #1 product (Wheat) thru Wellington to the elevator as it is. That tiny roundabout can’t handle a water tower and traffic together! 🙂 Report Reply 2 replies · active 367 weeks ago +8 Vote up Vote down oldman · 368 weeks ago Agree on it being a shame that Babe Ruth did away with host families ~ we both had kids stay with host families and we have opened up our home as a host family. Report Reply 0 replies · active 368 weeks ago +2 Vote up Vote down Scooter · 368 weeks ago Cueball I whole heartadly agree with you about the continuous coverage of the Trayvon Martin case and I agree the media will not rest until the rioting begin’s. I am a fervant beleiver of our constitutional right to a free media. While I am talking about constitutional right’s we are also promised a trial by a jury of our peer’s. With 24/7 coverage of high profile case’s I wonder how some jurisdictions can find an unbiased pool of potential juror’s Report Reply 0 replies · active 368 weeks ago +5 Vote up Vote down Concerned4Lake · 368 weeks ago I think it would be in the best interest of everyone in town to be aware of any water hydrant that has a hose connected too it with lots of metal pipes running away from it and REPORT it here. Then we can as a group of concerned citizens march on city hall and make Gus resign if he is lying to us about selling our precious water to the oil companies. Report Reply 0 replies · active 368 weeks ago +7 Vote up Vote down john · 368 weeks ago Gus isnt selling now. They are taking it out of the ninnescah 1/2 mile west of the bridge on rock road. I would like to know who in the state gave them a permit to suck water out of a river that at best right now is barely able to flow. How about a story on this cueball Report Reply 0 replies · active 368 weeks ago -10 Vote up Vote down Roy Rogers · 368 weeks ago One million gallons sold to oil companies. Three million used by Wellington residents. I think excessive toilet use is to blame. I knew many residents of Wellington were full of it, this should prove the point. Yes water is a precious commodity, but people we are not in the middle of the Sahara Desert here or down to our last gallon of water. Wake up and use some common sense. Wait a minute, there is no common sense as mentioned above; just excessive toilet use. I understand your concern, but please wake up and use some common sense. Report Reply 0 replies · active 368 weeks ago +6 Vote up Vote down soreloser 44p · 368 weeks ago C’mon Tracy, How about some investigative reporting. Is Gus selling too much of our water to the frackers, or is Roy Rogers right? Did Wellington Lake really get 2+ inches of rain like they did east of town. My rain gage read 1/2 inch, and I live 2 miles west of town. What about pumping from the Ninnescah? There are a lot of locals concerned about our water supply and recreation areas. We deserve some explanation. Report Reply 0 replies · active 368 weeks ago +5 Vote up Vote down jack · 368 weeks ago roy your real name isn’t gus is it. Report Reply 0 replies · active 368 weeks ago 12Next » Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments 2. Water at the lake… I had a request to explain why the boat ramps were being shut down due to the low lake level at the Wellington Lake despite the recent 2 1/4 inches of rain we had from last week.At the Wellington City Council meeting, City Manager Gus Collins explained the lake only rose one inch despite the 2 1/4 inch rainfall. That was due in part that the city water users last week during a particular peak triple digit day took in 3 million gallons of water putting extreme demands on the system.“It was worse two years ago,” Collins said.Wellington Mayor Roger Stallbaumer added that several old trees at Woods Park have died this year due to the drought.According to the U.S. Drought Monitor by the University of Nebraska, Sumner County is still in severe drought status (see graph here).Thus, the moral of the story is to use water sparingly. Rationing may soon be part of Wellington’s future. 5. Vacation…It might be a little slow this next week on Sumner Newscow. My son Quinn and I are taking our annual summer trip across the world. I’ll update the website when I can. Please e-mail me at [email protected] your latest happenings. If you see news happening like the water tower falling on the roundabout, give Shane Farley, publisher of our sister website Newscow.net in Winfield a call at 620-222-2225.center_img Commentary by Tracy McCue — Five Cueball thoughts for July 21, 2013…1. Kansas Wheat Festival afterthoughts…I have no complaints on the 2013 Kansas Wheat Festival, but may I make a couple of friendly suggestions…1) First we need more trash crash. It seemed like during the whole weekend the available trash cans were overfilled and spilling garbage everywhere. 2) I’d like to see more quality and less quantity acts at the Picnic in the Park. Some acts were very, very good. Some acts were not so much. The problem is when the not-so-good acts were on stage it became so tedious that many people in the audience left robbing themselves of seeing the really good acts like Zach Troutman and the Lough brothers.I don’t know what the solution is, but to make a plea for those who lip sync to at least come to the stage with a costume and make it really funny. Otherwise the act doesn’t work.On the positive side, I loved the Picnic in the Park move from Melody Bowl to Sellers Park, and great job with the parade. Mud Bugs are the best group around and should be a permanent act for the Wheat Festival. The carnival was great, but just one more friendly suggestion…Bring back the ferris wheel! I always loved the ferris wheel because it gave you a chance to see Wellington from another point of view. 3. George Zimmerman trial…I promised myself I would not make a comment about the Travon Martin – George Zimmerman case, and I will not talk about the case itself.But may I just express my sincere disappointment with my media brethren on the national circuit, who are dedicating themselves 24-7 in turning this situation into a massive race riot.I have had enough of Fox News, CNN, the Drudge Report and even the network stations, stirring the flames to the point where we will indeed be rioting on the streets which, of course, means great ratings for the news cable companies.I realize we still have a ways to go in our everlasting struggle with race relations, but let’s move on. And you too Obama …last_img read more