Mitsubishi Electric Develops SiC Power Device with Record Power Efficiency

Will help improve the reliability and energy efficiency of power electronics equipment used in fields ranging from home electronics to industrial machinery

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced that it has developed a silicon carbide (SiC) power device with what is believed to be the world’s highest power efficiency in a device of its type. The newly-developed unit is designed to be installed in power modules, and does not require a high-speed protection circuit to interrupt supply when excess current is detected. The new device will help improve the reliability and energy efficiency of power electronics equipment used in a wide range of applications such as home electronics, industrial machinery and railway operation.


Mitsubishi Electric’s development of the new SiC device was first revealed at the 2017 International Conference on Silicon Carbide and Related Materials (ICSCRM 2017), held in Washington, D.C., September 17–22, 2017.

The superior reliability and efficiency of the new device is the result of a new proprietary source structure. In conventional metal-oxide-semiconductor field-effect transistors, known as MOSFETs, the source area is formed as a single region. However, Mitsubishi Electric has introduced an additional region in the source area to control the source series resistance of the SiC-MOSFET. Adopting this structure reduces the incidence of excessive current flows caused by short circuits. As a result, on the general short-circuit time used for Si power semiconductor devices, the on-resistance of the SiC-MOSFET is reduced by 40 percent at room temperature, and power loss by more than 20 percent, compared to conventional SiC-MOSFET devices.

A simplified circuit design allows the technology to be applied across SiC-MOSFETs with various voltage ratings. Tried and tested circuit technology is used to protect silicon components from damage in the event of short-circuits, and can be applied to existing SiC-MOSFETs without any need for modification. This guarantees easy implementation of protective functionality in power electronics equipment using SiC-MOSFETs.

For the full text, please visit: www.MitsubishiElectric.com/news/


Contacts

Mitsubishi Electric Corporation
Customer Inquiries
Corporate Research & Development Group
www.MitsubishiElectric.com/
or
Media Inquiries
Niels Meinke, +81-3-3218-2831
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Ragu Bhargava, CEO and Co-Founder of Global Upside, Wins 2017 Pride of India Award

SAN JOSE, Calif.--(BUSINESS WIRE)--#globalupside--Ragu Bhargava, CEO and Co-Founder of Global Upside, a leading provider of accounting, payroll, HR, PEO, and talent acquisition services globally, has won the “Pride of India” award presented to him by the NRI Institute at a gala at the UK House of Lords in London last week.



The NRI Institute honors Indian-origin business executives who have made a lasting impact through entrepreneurship and innovation.

Ragu, who co-founded Global Upside with his wife Gita Bhargava (COO at Global Upside) in 1996, has built the once small accounting services firm into a formidable service provider in its space. The firm today boasts an expansive portfolio of Finance, HR, Payroll, and Professional Employer (PEO) services, has developed a unique HR technology, and is supporting clients in 100+ countries.

“I am extremely honored to be the 2017 recipient and it is a distinct privilege to be in the company of past recipients, who I consider to be extremely innovative leaders. Nearly 20 years ago, Global Upside set out with a vision to change how companies can accelerate growth. I am honored and humbled to see our positive contributions being recognized. We are fostering innovation to truly change the game for companies that are in the growth phase,” said Ragu.

Lord Diljit Singh Rana, British politician and member of the House of Lords - a former recipient of the award himself - presented the award to Ragu and commended him for his work in business and for giving back to the community.

Ragu has been an avid supporter of children’s education via City Year, an organization that is dedicated to helping provide education to youth in the most disadvantaged communities in the United States.

The Pride of India Award

The Pride of India awards are given by the NRI Institute, a non-profit organization focused on connecting the Indian diaspora. The awards are given in several categories and nominations are accepted and vetted by the institute’s steering committee.

“Entrepreneurs foster innovation and are role models for youth across the globe. These awards are a way to connect these brilliant minds and share their stories with the world. It’s a great honor to be recognizing Ragu (Bhargava),” said Manu Jagmohan Singh, Secretary General of the NRI Institute.

Notable Winners

Some other notable winners of the NRI Institute awards in recent years include business magnate and philanthropist Lord Swaraj Paul; Hinduja Group leaders, Srichand and Gopichand Hinduja; beer magnate Lord Karan Bilimoria; venture capitalist Vinod Dham; serial entrepreneur B.V. Jagadeesh; tennis legend and philanthropist Vijay Amritraj; venture capitalist Vish Mishra; Madagascar-based business tycoon Ylias Akbaraly; Baroness Sandip Verma; CMD of Jaura Infratech R.S. Jaura; and Director of Lloyds TSB's Asian Markets Division Kamel Hothi among others.

About Global Upside

Global Upside solves business complexity with world-class HR, Payroll, Accounting, Tax, Compliance, PEO, and Talent Acquisition support when and where Clients need us. We are the trusted partner and favorite problem-solver for our Clients as there are very few countries or situations we cannot help with. Learn more at www.globalupside.com.


Contacts

Global Upside
Nandita Verma, 408-464-4103
Director Marketing
nandita.verm@globalupside.com

Indian Commercial Aquafeed Market 2017 – The Changing Market Landscape – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "Indian Commercial Aquafeed Market - The Changing Market Landscape" report has been added to Research and Markets' offering.


The research report enables aquafeed manufacturers to screen most attractive regions for future expansion where penetration of commercial aquafeed is in single digit and fish production has been growing.

The Indian subcontinent, with a rich biodiversity of fish species, has emerged as an important aquaculture country particularly in the fresh water environment. As India is the second largest producer of fish, it provides an immense opportunity for aquafeed manufacturers to tap the growing demand for commercial aquafeed in the country.

The recent research report, Indian Commercial Aquafeed Market - The Changing Market Landscape provides in-depth study of India's aquaculture industry's performance in terms of inland and marine aquaculture production, along with the demand of commercial aquafeed in the coming years. As per our study, Andhra Pradesh has developed strong inland fish production capacity and contribution from inland sector increased from 1.1 Million Tonnes in 2010-11 to 1.6 Million Tonnes in 2015-16.

Andhra Pradesh accounts for 22% of India's total commercial aquafeed consumption followed by West Bengal; however, the penetration of commercial aquafeed is still at 10% for finfish category and a little higher for shellfish category in Andhra Pradesh. This makes the state an attractive investment destination for aquafeed manufacturers.

Key Topics Covered:

1. Analyst View

2. Research Methodology

3. Aquaculture Production Scenario

4. Commercial Aquafeed Market Outlook to 2020

5. State-wise Commercial Aquafeed Consumption

6. Commercial Finfish Feed by Ingredients

7. Feed Conversion Ratio by Type of Finfish

8. Market Drivers

9. Technological Advancements in Aquaculture

10. Industry Restraints

11. Government Initiatives

12. Competitive Landscape

  • Indian Broiler Group
  • Growel Feeds Private Limited
  • Uno Feeds
  • Kwality Feeds Ltd.
  • Deepak Nexgen Feed Pvt. Ltd.
  • Mulpuri Foods and Feeds Pvt. Ltd.
  • Avanti Feeds Ltd.
  • Godrej Agrovet Ltd.
  • The Waterbase Ltd.
  • Nexus Feeds Ltd.
  • Grobest Feeds Corporation India Ltd.
  • C.P. Aquaculture India Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/hk9vgs/indian_commercial


Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Animal Feedstuffs, Aquaculture

Indian Poultry Feed Market Opportunities to 2020 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "Indian Poultry Feed Market Opportunities" report has been added to Research and Markets' offering.


Poultry Feed Market Opportunities portrays the current scenario of poultry feed industry in the country with a bird's eye view on both traditional and packaged feed. Our analysis anticipates the poultry feed market to grow at a CAGR of around 8% till 2019-20. In the coming years, packaged poultry feed is expected to grow at a higher pace compared to the traditional poultry feed. The research report offers a well-framed picture of poultry feed market dynamics, essential to get a grasp of the market nerve.

In the coming years, packaged poultry feed is expected to grow at a higher pace compared to the traditional poultry feed. The research report offers a well-framed picture of poultry feed market dynamics, essential to get a grasp of the market nerve.

India has emerged as the only country in the developing world with a self-reliant, technology-driven poultry industry with the capability to produce every essential input for successful poultry farming, including indigenous genetic resource & breeding, world class poultry vaccines & medicines, Specific Pathogen-free eggs (SPF), farms & hatchery automation systems, pellet feed, egg processing, poultry processing, nationwide network of disease diagnostic laboratories & facilities for entrepreneurial development and training in both private & public sectors.

Total poultry feed consumption is anticipated to grow with a CAGR of around 6% till 2019-20. This study finds, Haryana, country's largest broiler producer as a key investment destination amongst other Indian states as commercial broiler feed penetration stands at around 90% in the state and it will rise further by 2019-20, the state also becomes important due to its close vicinity to Delhi-NCR, as the region accounts for significant poultry meat and egg consumption.

Key Topics Covered:

1. Analyst View

2. Research Methodology

3. Poultry Farming: Market Outlook to 2020

4. Poultry Feed Market Outlook to 2020

5. State-wise Poultry Feed Consumption to 2020

6. Market Drivers and Restraints

7. Government Policies

8. Competitive Assessment (Key Players)

  • Amrit Group
  • CP India
  • Godrej Agrovet
  • Hindustan Animal Feed
  • SKM Animal Feeds & Foods Limited
  • Sampoorna Feeds
  • Shanthi Poultry
  • Skylark Feeds (Pvt.) Ltd.
  • Suguna Foods
  • Venky's
  • Vimla Feeds

For more information about this report visit https://www.researchandmarkets.com/research/jx6d7w/indian_poultry


Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Animal Feedstuffs

India Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "India Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021" report has been added to Research and Markets' offering.


The Indian DDoS solution market experienced an impressive YoY growth rate of 50.1% in 2016, with total revenue amounting to $14.1 million.

It is expected to grow at a CAGR of 41.3% (2016-2021). The frequency of DDoS attacks has increased and India was cited to be one of the top sources of the attacks. In 2016, some ISPs in Mumbai experienced a series of DDoS attacks. As a result, Internet speed slowed down, and many users were affected. This incident highlighted the need and importance for enterprises to adopt DDoS solutions to combat such attacks in the future. Growing awareness of DDoS attacks is likely to drive growth, as organizations are more open toward adopting security measures. As such, it is easier for security vendors to venture into the Indian market.

Market trends are analyzed for the study period 2015 to 2021, with the base year being 2016. DDoS solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and Insurance (BFSI), service provider, manufacturing, education, eCommerce, and other sectors.

Key Questions This Study Will Answer

  • Is the DDoS solution market growing? How long will it continue to grow, and at what rate?
  • Are the existing competitors structured correctly to meet customer needs?
  • Will DDoS solutions continue to exist, or will other solutions and services take its place?
  • How will the structure of the market change with time?
  • Will the services replace the product markets?
  • What are the most common DDoS threats in India?
  • Are the vendors in India ready to go it alone, or do they need partnerships to take their business to the next level?

Key Topics Covered:

1. Market Overview

2. Forecasts and Trends

3. Market Share and Competitive Landscape Analysis

4. Growth Opportunities and Call to Action

5. The Last Word

6. Appendix

Companies Mentioned

  • Akamai
  • Arbor Networks
  • F5 Networks
  • Genie Networks
  • Radware

For more information about this report visit https://www.researchandmarkets.com/research/rwx7xs/india_distributed


Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: IT Security

Japan Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "Japan Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021" report has been added to Research and Markets' offering.


The Japanese DDoS solutions market recorded a significant growth rate of 57.3% on a YoY basis in 2016, generating $32.5 million

In terms of technology, on-premise solutions became the dominant revenue contributor in the market for 2016, accounting for 69.1% of the revenue, whilst the cloud-based segment accounted for 30.9%. The cloud-based DDoS segment in Japan is nascent or at the early stages of growth. However, there is a shift in the IT spending trend - from the general adoption of on-premise solutions to the service model. Therefore, the segment will show a stronger growth than on-premise solutions.

Market trends are analyzed for the study period 2015 to 2021, with the base year being 2016. DDoS solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and Insurance (BFSI), service provider, manufacturing, education, eCommerce, and other sectors.

Key Questions This Study Will Answer

  • Is the DDoS solution market growing? How long will it continue to grow, and at what rate?
  • Are the existing competitors structured correctly to meet customer needs?
  • Will DDoS solutions continue to exist, or will other solutions and services take its place?
  • How will the structure of the market change with time?
  • Will the services replace the product markets?
  • What are the most common DDoS threats in Japan?

Key Topics Covered:

1. Market Overview

2. Forecasts and Trends

3. Market Share and Competitive Landscape Analysis

4. Growth Opportunities and Call to Action

5. The Last Word

6. Appendix

Companies Mentioned

  • Akamai
  • Arbor Networks
  • F5 Networks
  • Genie Networks
  • Radware

For more information about this report visit https://www.researchandmarkets.com/research/r6njvt/japan_distributed


Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: IT Security

ASEAN Distributed Denial of Service (DDoS) Solution Market 2015-2017 & 2021 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "ASEAN Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021" report has been added to Research and Markets' offering.


The DDoS solution market in ASEAN grew vigorously by 54.1% on a YoY basis and remained the second largest DDoS market in the Asia-Pacific region with 20.9% of market share.

The adoption of DDoS solutions was seen moving away from a service-provider-centric market to a more enterprise-centric market with increasing number of enterprises investing in the solutions, particularly cloud-based DDoS mitigation services. However, SPs remained the largest spenders due to the need for infrastructure upgrade to protect their own network services and to cater to managed DDoS mitigation services.

In addition to market growth analysis, the study highlights the key driving forces of the DDoS market. Key drivers include better awareness of security due to constantly evolving DDoS attacks which will eventually stimulate the stronger adoption of DDoS solutions; growing concerns over threats to key infrastructure and strong requirements for cyber resiliency which are driving government organizations and service providers to upgrade their network infrastructure and mitigation capacities; the rise in the number of connected devices (IoT devices) which requires businesses and service providers to strengthen their protection capability; tightened requirements for compliances which drive organizations to invest in DDoS solutions to protect infrastructure and data; growing concerns over business disruption and reputation loss which drive many large organizations to expand their in-house DDoS mitigation capacity; and incomplete ability of legacy security approaches which causes customers to look at dedicated defense solutions to tackle threats and mitigate attacks.

Market trends are analyzed for the study period 2015 to 2021, with the base year being 2016. DDoS solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and Insurance (BFSI), service provider, manufacturing, education, eCommerce, and other sectors.

Key Topics Covered:

1. Market Overview

2. Forecasts and Trends

3. Market Share and Competitive Landscape Analysis

4. Growth Opportunities and Call to Action

5. The Last Word

6. Appendix

Companies Mentioned

  • Akamai
  • Arbor Networks
  • Cloudfare
  • F5 Networks
  • Nexusguard
  • Radware

For more information about this report visit https://www.researchandmarkets.com/research/662ntc/asean_distributed


Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: IT Security

Greater China Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "Greater China Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021" report has been added to Research and Markets' offering.


The Greater China DDoS solution market grew by 36.8% on a YoY basis, generating $102.7 million in 2016

China remained the key contributor to the overall revenue of the GCR market, followed by Hong Kong and Taiwan. The on-premise solution segment recorded a significant growth of 28.8%, achieved market revenue of $73.4 million in 2016. The cloud-based DDoS solution segment continued to experience a stronger growth than the on-premise solution segment, recording a market revenue of $29.3 million in 2016 with the stronger YoY growth rate of 61.8%.

Market trends are analyzed for the study period 2015 to 2021, with the base year being 2016. DDoS solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and Insurance (BFSI), service provider, manufacturing, education, eCommerce, and other sectors.

Key Topics Covered:

1. Market Overview

2. Forecasts and Trends

3. Market Share and Competitive Landscape Analysis

4. Growth Opportunities and Call to Action

5. The Last Word

6. Appendix

Companies Mentioned

  • Arbor Networks
  • Cloudflare
  • F5 Networks
  • Genie Networks
  • Huawei
  • NSFOCUS
  • Radware

For more information about this report visit https://www.researchandmarkets.com/research/3skc5j/greater_china


Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: IT Security

Intellect Risk Analyst Bags the Prestigious SMA Innovation in Action Award

Strategy Meets Action presents the SMA Innovation in Action Awards to insurers and solution providers who are rethinking, reimagining and reinventing the business of insurance

JERSEY CITY, N.J. & CHENNAI, India--(BUSINESS WIRE)--Intellect SEEC, the insurance software division of Intellect Design Arena, has earned the prestigious 2017 SMA Innovation in Action Award for Implementation for its product Intellect Risk Analyst.


The SMA Innovation in Action Awards are presented annually during the SMA Summit to celebrate innovation in the insurance industry. This year, they were held on Sept. 18 at the Mandarin Oriental Hotel in Boston.

Intellect Risk Analyst is a machine learning and Big Data based risk management platform that has been tailored for commercial insurance. It is the most advanced underwriting risk assessment tool in the industry. It applies multiple highly-advanced disciplines of artificial intelligence, line-of-business-specific underwriting rules and risk predictors to thousands of data sources and deep web searches. The result is a highly intuitive and interactive dashboard that summarizes everything an underwriter, analyst, actuary or agent needs to know about a risk within minutes.

Risk Analyst has won two other esteemed industry awards in 2017 so far. StarStone Insurance was named the 2017 Model Insurer of the Year by the analyst firm Celent for its use of artificial intelligence (AI) through Risk Analyst. The product is also a recent Gold Winner of the Golden Bridge Awards.

“In 2014, we conceived Risk Analyst as a pioneering product when Big Data and AI were perceived to be just a hype. SMA’s recognition of Risk Analyst is a big endorsement from the industry,” said Pranav Pasricha, CEO, IntellectSEEC. “The only way to holistically assess a risk is to automatically assess the entire digital footprint of a business, obtained from both structured and unstructured sources including new age streaming sources like IoT. The industry is just beginning to realize the significant impact this has on underwriting and loss ratio. From our initial implementations, we can confidently say that we can increase underwriting efficiencies by 70 percent and reduce COR by two to four percent.”

About SMA

Strategy Meets Action is a strategic advisory firm offering consulting, advisory services, and research to help insurers bridge today’s business strategies, plans, and technology investments to the new world of digital transformation, emerging technologies, and InsurTech. SMA is an independent advisor to insurers and traditional and InsurTech solution providers, helping clients prepare for the unprecedented changes in our industry as it undergoes significant transformation.

About Intellect SEEC

Intellect SEEC, the insurance software division of Intellect Design Arena, provides an extensive portfolio covering distribution, underwriting and claims. Intellect SEEC has been developing innovative insurance solutions to lower operating costs and increase premium volumes and margins for the last two decades. Over the last 25 years, the company has built strategic relationships with major insurance carriers in America, Canada, United Kingdom, India and the Far East. Intellect SEEC builds its innovative, low-cost solutions on a firm belief that while the underlying business and technology of insurance are complex, their application should not be. For more information on Intellect SEEC, please visit www.intellectseec.com . To know more about Intellect Design Arena Limited, please visit www.intellectdesign.com


Contacts

Intellect SEEC
Robin Carley, +1 973-513-3352
robin.carley@intellectdesign.com

A.M. Best Affirms Credit Ratings of Standard Insurance Company JSC

LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b+” of Standard Insurance Company JSC (Standard) (Kazakhstan). The outlook of these Credit Ratings (ratings) remains stable.


The ratings reflect Standard’s volatile risk-adjusted capitalisation, track record of weak technical performance and limited business profile in Kazakhstan’s non-life insurance market. The ratings also take into account Standard’s underdeveloped risk management framework.

In line with A.M. Best’s expectations, the company’s risk-adjusted capitalisation declined materially in 2016, due to higher underwriting risk following its absorption of a major part of the insurance portfolio of Alliance Polis Insurance Company JSC (Alliance Polis). As at half-year 2017, Standard’s risk-adjusted capitalisation improved, following the non-renewal of a significant part of the recently absorbed portfolio. However, risk-adjusted capitalisation remains relatively low, as measured by Best’s Capital Adequacy Ratio (BCAR) and as demonstrated by a regulatory solvency margin of 1.27 as of Aug. 1, 2017 (compared to a minimum requirement of 1.00).

In 2016, the company’s underwriting performance improved, benefiting from a material rise in net written premium. The company reported technical profit for the first time since 2012, when it was acquired by the current shareholders, and reported a combined ratio of 87.6% (2015: 120.9%). However, A.M. Best believes that the company will report an underwriting loss once again in 2017, due to the expected reduction in premium income and the ongoing impact of elevated expenses.

In 2016, Standard’s market share improved as a result of the absorption of Alliance Polis’s insurance portfolio and the addition of a number of large fronted contracts. As of Jan. 1, 2017, the company ranked 11th out of 25 non-life insurers in Kazakhstan, up from 15th a year earlier, with gross written premium of KZT 9.0 billion (approximately USD 27 million) and a market share of 3.3%. The company’s prospective market ranking will depend on the retention levels of the new client base and the competitive conditions in Kazakhstan’s insurance market.

The rating actions also reflect Standard’s underdeveloped risk management framework, specifically with regard to monitoring its risk accumulations within Kazakhstan’s earthquake-exposed areas. As a result, uncertainty exists as to the ability of Standard’s reinsurance programme to adequately protect the company against a catastrophic event.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.


Contacts

A.M. Best
Laura Balkarova, +44-20-7626-6264
Associate Financial Analyst
laura.balkarova@ambest.com
or
Mathilde Jakobsen, +44-20-7397-0266
Director, Analytics
mathilde.jakobsen@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

A.M. Best Affirms Credit Ratings of Samsung Fire & Marine Insurance Co., Ltd. and Its U.S. Subsidiaries

HONG KONG--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” of Samsung Fire & Marine Insurance Co., Ltd. (SFM) (South Korea). Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” of SFM’s wholly owned subsidiary, Samsung Reinsurance Pte. Ltd. (SRE) (Singapore). A.M. Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of SFM’s subsidiaries, Samsung Vina Insurance Co., Ltd. (SVI) (Vietnam) and PT. Asuransi Samsung Tugu (AST) (Indonesia). The outlook of all of these Credit Ratings (ratings) is stable.


The rating affirmations of SFM reflect its very strong risk-adjusted capitalization, profitable and stable operating performance, and favorable business profile. The company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remained at a very strong level in 2016. The BCAR was supported by growth in capital and surplus, which was driven mainly by net profit retention.

SFM benefits from a strong brand. Although its share of South Korea’s non-life insurance market has declined over the past five years, SFM remains by far the largest market player. The company is focused on maintaining a profitable and stable operating performance. Underwriting profitability has improved, driven by better performance in auto and long-term insurance, the company’s major business lines.

While positive rating actions are unlikely, negative rating actions could occur if there is a consistent deterioration in the company’s operating performance.

The rating affirmations of SRE reflect its solid risk-adjusted capitalization and five-year trend of favorable operating performance. A.M. Best also recognizes the wide range of support that SRE receives from SFM, given SRE’s strategic importance to SFM’s overseas expansion plan, particularly in the Asia-Pacific region.

SRE, based in Singapore, was incorporated in October 2011 and is a wholly owned subsidiary of SFM.

SRE maintains a strong risk-adjusted capitalization that benefits from low underwriting leverage and a conservative investment portfolio. SRE has demonstrated a track record of profitable results despite competitive reinsurance market conditions, as the company has reported a five-year average combined ratio of 88% with a moderate level of volatility.

These positive rating factors are offset partially by the company’s modest business profile. SRE maintains limited diversification of risks across product lines and geographies, as it generates the majority of its businesses from its group companies.

Negative rating actions could occur if SRE experiences a significant decrease in capitalization or sustained deterioration in underwriting performance.

The rating affirmations of SVI reflect its excellent risk-adjusted capitalization, strong operating performance and the support the company receives from SFM, which owns 75% of SVI’s shares.

SVI’s excellent risk-adjusted capitalization is supported by its very low level of underwriting leverage and conservative investment portfolio. The company also has reported very strong underwriting results in the past five years, due to profitable business from Samsung group companies in Vietnam. A favorable claims experience has enabled the company to secure a high margin in reinsurance commissions, despite decreases in premium rates in recent years.

Offsetting these positive rating factors is SVI’s high reliance on the premium generated from the Samsung group companies in Vietnam. Material deterioration in these companies’ performance could have a negative impact on SVI’s profile and operating performance.

While positive rating actions are unlikely, negative rating actions could occur if SVI experiences a significant decrease in risk-adjusted capitalization due to deterioration in operating results or a surge in credit risk.

The ratings of AST reflect its favorable operating performance and solid risk-adjusted capitalization, as well as the wide range of support that AST receives from SFM, its ultimate parent.

AST reported an improvement in risk-adjusted capitalization in 2016, with strong growth in its capital base offsetting increases in investment and underwriting risks. Although the company had a relatively small capital base of IDR 236 billion (USD 17.7 million) at year-end 2016, the company’s conservative retention strategy supports the current ratings.

AST primarily writes commercial risks and mainly focuses on Samsung group companies and Korean interests abroad in Indonesia. The company is profitable, as demonstrated by its five-year average operating ratio of 47% with a moderate level of volatility.

While positive rating actions are unlikely, negative rating actions could be triggered by substantial deterioration in AST’s risk-adjusted capitalization, due to material losses or a significant increase in credit risk.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.


Contacts

A.M. Best
Sergio Agena, +852 2827 3407
Associate Financial Analyst
sergio.agena@ambest.com
or
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Christopher Sharkey, +1 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

A.M. Best Affirms Credit Ratings of Marble Reinsurance Corporation

HONG KONG--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Marble Reinsurance Corporation (Marble Re) (Micronesia). The outlook of these Credit Ratings (ratings) is stable.


Marble Re is a wholly owned subsidiary of Marubeni Corporation (Marubeni), a major trading company in Japan that is engaged in a broad range of business. The ratings reflect Marble Re’s strong risk-adjusted capitalization and five-year trend of positive operating performance.

Marble Re’s risk-adjusted capitalization remains strong, supported by a low level of underwriting leverage and its conservative retrocession arrangements with highly rated reinsurers. The captive has stop-loss covers for its major lines, which limit volatility in performance. Marble Re has reported positive operating performance, driven mainly by profitable underwriting results. Offsetting these positive rating factors is Marble Re’s limited business scope as a single-parent captive of Marubeni.

While positive rating actions are unlikely, negative rating actions could occur if there is a material increase in risk appetite, which potentially could undermine Marble Re’s profitability and capitalization. In addition, negative rating actions could occur if there is significant deterioration in Marubeni’s credit profile.

A.M. Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.


Contacts

A.M. Best
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Moungmo Lee, +65 6589 8412
Managing Director, Analytics
moungmo.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

A.M. Best Affirms Credit Ratings of PT Tugu Pratama Indonesia

SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of PT Tugu Pratama Indonesia (TPI) (Indonesia). The outlook of these Credit Ratings (ratings) is stable.


The ratings reflect TPI’s favorable operating performance and very strong risk-adjusted capitalization, which is supported by low net and gross underwriting leverage measures. TPI’s capital position strengthened to USD 423 million as of June 2017 from USD 232 million in 2015 primarily due to a property revaluation gain. In March 2017, TPI increased its ownership in its reinsurance affiliate, PT Tugu Reasuransi Indonesia (TRE), to 50.27% from 37.66%. As a result, TPI’s consolidated catastrophe exposure and underwriting leverage are expected to increase. However, based on TPI’s business plan and its strengthened capital position, A.M. Best expects that TPI’s risk-adjusted capitalization will remain supportive of its ratings. TPI’s operating performance has been favorable, with both underwriting and investments contributing to capital generation. The company’s combined ratio and return on premium ratio stood at 83% and 61%, respectively, in the five years ending in 2016.

Offsetting rating factors include declining business volumes from TPI’s parent, PT Pertamina (Persero), which generates the majority of TPI’s underwriting profits, and the low profitability of non-Pertamina business, which could weaken TPI’s future profit margins. In the past year, TPI also experienced expense ratio pressure, partly due to spending on strategic initiatives such as an initial public offering and insurance system upgrades.

TRE’s consolidation also presents execution risk for TPI, as TRE will represent a significant portion of TPI’s consolidated premiums and results going forward.

While positive rating actions are unlikely, negative rating pressure could result from a material decline in TPI’s risk-adjusted capitalization due to higher-than-anticipated catastrophe exposure or lower-than-expected reinsurance asset quality. A weakening trend in profitability also could result in negative rating pressure.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.


Contacts

A.M. Best
Chi Yeung Lok
Associate Director, Analytics
+65 6589 8400, ext. 211

chi-yeung.lok@ambest.com
or
Moungmo Lee
Managing Director, Analytics
+65 6589 8412

moungmo.lee@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644

james.peavy@ambest.com

A.M. Best Affirms Credit Ratings of Construction Guarantee Cooperative

HONG KONG--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Construction Guarantee Cooperative (CG) (South Korea). The outlook of these Credit Ratings (ratings) is stable.


The ratings reflect CG’s excellent risk-adjusted capitalization, profitable operating results and leading position in South Korea’s surety bond market for the construction industry.

CG is a cooperative organization that specializes in writing surety bonds for its members, which are general construction companies in South Korea.

The company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains excellent, supported by its huge capital base of KRW 5.5 trillion (approximately USD 4.9 billion) at the end of 2016 and by its strong liquidity position.

Over the long term, CG has maintained profitable operating results due to its disciplined underwriting and credit risk management, although these results have been volatile because of the nature of the surety business. CG, under the supervision of the Ministry of Land, Infrastructure and Transport, supports the construction industry and maintains a strong market position.

Offsetting these positive rating factors are CG’s relatively high concentration in terms of product and geography, and South Korea’s highly competitive surety market.

While positive rating actions are unlikely, negative rating actions could occur if CG’s risk-adjusted capitalization materially deteriorates due to a significant accumulation of claims caused by a prolonged recession in the construction economy.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.


Contacts

A.M. Best
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Moungmo Lee, +65 6589 8412
Managing Director, Analytics
moungmo.lee@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

Merkle to Host Webinar on Digital Marketing in China

COLUMBIA, Md.--(BUSINESS WIRE)--Merkle (www.merkleinc.com), a leading technology-enabled, data-driven performance marketing agency, announced that it will host a webinar titled The Baidu Playbook: Dos & Don’ts for Digital Marketers. The event will take place Tuesday, September 26, at 11:00 a.m. ET, and will feature Merkle speakers Dalton Dorné, senior vice president, marketing, Alex Turowski, director, SEM, and Hermes Ma, senior manager, search, Greater China & South Korea.


China can be a complex and sophisticated market for digital marketers. Concerns around translation, transparency, and different technology can be overwhelming for marketers. To seize the massive opportunities in China, the first step for international brands is to tap into China’s search engine marketing, specifically, Baidu. During the webinar, attendees will learn what it takes to successfully launch a digital media program in China, as well as the common pitfalls to avoid.

Marketers can learn more about this digital media landscape and how to be successful with digital marketing in China by reading Merkle’s complimentary white paper, The Baidu Marketing Playbook: Dos and Don’ts for Digital Advertising in China.

“It’s no secret that China is a sophisticated market for digital advertisers,” said Dorné. “Marketers shouldn’t be intimidated by the intricacies of a China-based digital strategy or allow them to be a roadblock to seizing the vast opportunity of this massive market. This webinar will help simplify some of the complexities of embarking on a search strategy with Baidu and help marketers avoid some of the most common pitfalls.”

To learn how to build or grow your organization’s strategy in China, contact the Merkle team today.

About Merkle

Merkle is a leading data-driven, technology-enabled, global performance marketing agency that specializes in the delivery of unique, personalized customer experiences across platforms and devices. For more than 30 years, Fortune 1000 companies and leading nonprofit organizations have partnered with Merkle to maximize the value of their customer portfolios. The agency’s heritage in data, technology, and analytics forms the foundation for its unmatched skills in understanding consumer insights that drive people-based marketing strategies. Its combined strengths in performance media, customer experience, customer relationship management, loyalty, and enterprise marketing technology drive improved marketing results and competitive advantage. With 4,400 employees, Merkle is headquartered in Columbia, Maryland, with 16 additional offices in the US and 11 offices in Europe and Asia. In 2016, the agency joined the Dentsu Aegis Network. For more information, contact Merkle at 1-877-9-Merkle or visit www.merkleinc.com.


Contacts

Merkle Inc.
Sarah Bourdeau, 443-542-4288
SBourdeau@merkleinc.com