Author: Asianet Pakistan

Philadelphia Insurance Companies Takes Home the Standard of Excellence Customer Award for the Business Owners Policy (BOP) Transformation with Duck Creek OnDemand and Policy Solutions

BOSTON, May 22, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has named Philadelphia Insurance Companies (PHLY) a recipient of its 2025 Standard of Excellence Customer Award winner at Formation ’25, its flagship customer conference held this week in Orlando, Florida.

The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. The award recognizes PHLY for its outstanding achievement in digital transformation and innovation in insurance operations.

Together with Ernst & Young, LLP (EY US), PHLY leveraged Duck Creek’s cloud-native, SaaS-based solutions, including Duck Creek Policy, Duck Creek Insights, and Duck Creek Producer Portal, to reimagine how Philadelphia Insurance Companies BOP (PHLYBOP) policies are delivered, driving major advancements across operational efficiency, customer experience, and market responsiveness.

“This recognition highlights the power of teamwork and the strength of our technology partnerships,” said Brent Skiles, SVP of Insurance Operations at Philadelphia Insurance Companies. “Together, we’ve helped PHLY launch a future-ready platform that meets the needs of our broker and agency partners, while scaling for tomorrow’s opportunities.”

Facing the need to modernize legacy systems, PHLY set out to implement a digital-first strategy, reduce manual processes, and use data to drive better decisions and customer insights. With Duck Creek’s solutions, they achieved:

• Automated policy lifecycle management, improving speed and accuracy;
• Real-time data access and analytics to support decision-making and compliance;
• A modern, agent-facing experience via the Duck Creek Producer Portal; and
• Rapid deployment of BOP products across multiple states using pre-configured templates and scalable APIs.

The foundational release of the reimagined BOP offering launched in three states in late 2024, with rollout to 20 additional states planned throughout 2025. PHLY’s transformation has already led to increased market share, improved customer satisfaction, and stronger agent engagement, setting a new benchmark for excellence in digital insurance delivery.

“Philadelphia Insurance Companies demonstrated what’s possible when a forward-thinking insurer embraces modern technology to meet complex market demands,” said William Magowan, SVP North American Sales at Duck Creek Technologies. “Their strategic use of Duck Creek OnDemand, Policy, Insights, and Producer is a prime example of how carriers can deliver meaningful transformation with speed and scale.”

Duck Creek celebrates PHLY’s incredible success in the P&C Insurance Industry.

About Duck Creek Technologies
Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

About Philadelphia Insurance Companies

For over 60 years, Philadelphia Insurance Companies (PHLY) has delivered stability and peace of mind through enduring partnerships with our customers, brokers, and independent agents nationwide. We provide commercial property/casualty and professional liability coverages, comprehensive risk management, and expert claims handling across 120+ specialized industries.

As a proud member of Tokio Marine Group, one of the largest insurance groups in the world, PHLY’s exceptional financial strength has been independently validated through the highest ratings from the AM Best Company [“A++” (Superior)] and Standard & Poor’s [“A+”] since 2011. PHLY is nationally recognized as a member of Ward’s Top 50 since 2001, Business Insurance’s Best Places to Work in Insurance since 2010, and ranked as one of America’s Best Midsize Employers by Forbes.

For more information, please visit PHLY.com and connect with us on LinkedIn.

Media Contacts:
Marianne Dempsey/Tara Stred
[email protected]

GlobeNewswire Distribution ID 9456243

LONDON, May 22, 2025 (GLOBE NEWSWIRE) — CXM Prime, a multi-asset FCA regulated broker (FRN 966753), a member of the CXM Group of Companies, has announced its formal adherence to the FX Global Code—an internationally recognised set of principles that promote fairness, transparency, and best execution in the foreign exchange (FX) market.

The FX Global Code is backed by many of the FX industry’s leading institutions. By signing the Statement of Commitment, CXM Prime joins a select group of top-tier brokers aligning with the Code’s rigorous standards.

CXM Prime’s register details can be found here: FX Global Code

As of 2025, fewer than 15% of global FX brokers have adopted the FX Global Code, according to public registry data maintained by CLS and the Global Foreign Exchange Committee.

“This milestone reflects our commitment to the highest standards of execution, governance, and client transparency,” said Ashraf Agha, CEO of CXM Prime. “It’s a powerful signal to our clients and liquidity partners that CXM Prime stands for integrity and professionalism in everything we do.”

The FX Global Code includes 55 principles covering ethics, governance, execution practices, risk management, and post-trade processes. CXM Prime’s acceptance underscores its institutional-grade approach to technology, compliance, and trading infrastructure. CXM Prime has publicly posted its Statement of Commitment on the Global Index of Public Registers.

About CXM Prime

CXM Prime is a technology-driven broker offering access to FX, commodities, indices, and CFD’s. The firm provides tailored liquidity, institutional-grade platforms, and full regulatory transparency. Visit https://www.cxmprime.co.uk for more information.

Media Contact:

[email protected]

+44(0)203 753 5373

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/544629e4-94b7-436e-b11b-9b2f0f88e5fe

GlobeNewswire Distribution ID 1001098426

LONDON, May 22, 2025 (GLOBE NEWSWIRE) — CXM Prime, a multi-asset FCA regulated broker (FRN 966753), a member of the CXM Group of Companies, has announced its formal adherence to the FX Global Code—an internationally recognised set of principles that promote fairness, transparency, and best execution in the foreign exchange (FX) market.

The FX Global Code is backed by many of the FX industry’s leading institutions. By signing the Statement of Commitment, CXM Prime joins a select group of top-tier brokers aligning with the Code’s rigorous standards.

CXM Prime’s register details can be found here: FX Global Code

As of 2025, fewer than 15% of global FX brokers have adopted the FX Global Code, according to public registry data maintained by CLS and the Global Foreign Exchange Committee.

“This milestone reflects our commitment to the highest standards of execution, governance, and client transparency,” said Ashraf Agha, CEO of CXM Prime. “It’s a powerful signal to our clients and liquidity partners that CXM Prime stands for integrity and professionalism in everything we do.”

The FX Global Code includes 55 principles covering ethics, governance, execution practices, risk management, and post-trade processes. CXM Prime’s acceptance underscores its institutional-grade approach to technology, compliance, and trading infrastructure. CXM Prime has publicly posted its Statement of Commitment on the Global Index of Public Registers.

About CXM Prime

CXM Prime is a technology-driven broker offering access to FX, commodities, indices, and CFD’s. The firm provides tailored liquidity, institutional-grade platforms, and full regulatory transparency. Visit https://www.cxmprime.co.uk for more information.

Media Contact:

[email protected]

+44(0)203 753 5373

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/544629e4-94b7-436e-b11b-9b2f0f88e5fe

GlobeNewswire Distribution ID 1001098426

DUBAI, United Arab Emirates, May 22, 2025 (GLOBE NEWSWIRE) — Falcon, part of Alex Group Investment, has been selected by Toll Group to provide hangar services in the UAE and worldwide flight support under a three-year agreement related to its government and defence operations.

The agreement covers the long-term parking of a Saab 340, a twin-engine aircraft commonly used for short-distance travel and government-related missions. With 13,705 square meters of space and 24/7 access, the Falcon Technic hangar is one of the largest private aircraft hangars in the United Arab Emirates and can easily accommodate multiple aircraft at once. It is also home to Falcon’s expert maintenance team, experienced in supporting complex aircraft operations.

In addition to hangar services, Toll is also working with Falcon’s flight support operations team for its global missions, recognising the convenience of having all services managed by a single provider. This includes managing flight planning, securing permits, handling ground services, supporting passengers and crew, as well as coordinating fuel. Centralising these services allows for faster decisions, fewer delays, and smoother operations wherever the aircraft needs to go.

Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment, stated:
“We are proud to support established company like Toll. In government and defence, trust is built on control, speed, and clear processes. With strong procedures, a skilled team, and full operational support, Falcon provides the reliability these missions demand.”

About Falcon

Falcon is a premier aviation service provider, offering a one-stop-shop for all your aviation needs. Discover more at flyfalcon.com, Instagram and LinkedIn

About Toll Group

​​​​​Toll does more than just logistics – They move the businesses that move the world. With a team of 14,000 professionals, Toll is equipped to solve any logistics, transport or supply chain challenge – big or small. For more than 130 years, Toll has been supporting its customers with dedication and expertise. Today, the company serves more than 20,000 customers worldwide, operating across 500 sites in 29 markets, with a forwarding network spanning 150 countries. Toll is proudly part of Japan Post.

Learn more at www.tollgroup.com.

Media Inquiries

Ines Nacerddine
Director of Marketing – Aviation
Alex Group Investment
Email: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/88610b73-500b-453f-9d8d-190fafa452f9

GlobeNewswire Distribution ID 1001098347

Philadelphia Insurance Companies Takes Home the Standard of Excellence Customer Award for the Business Owners Policy (BOP) Transformation with Duck Creek OnDemand and Policy Solutions

BOSTON, May 22, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has named Philadelphia Insurance Companies (PHLY) a recipient of its 2025 Standard of Excellence Customer Award winner at Formation ’25, its flagship customer conference held this week in Orlando, Florida.

The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. The award recognizes PHLY for its outstanding achievement in digital transformation and innovation in insurance operations.

Together with Ernst & Young, LLP (EY US), PHLY leveraged Duck Creek’s cloud-native, SaaS-based solutions, including Duck Creek Policy, Duck Creek Insights, and Duck Creek Producer Portal, to reimagine how Philadelphia Insurance Companies BOP (PHLYBOP) policies are delivered, driving major advancements across operational efficiency, customer experience, and market responsiveness.

“This recognition highlights the power of teamwork and the strength of our technology partnerships,” said Brent Skiles, SVP of Insurance Operations at Philadelphia Insurance Companies. “Together, we’ve helped PHLY launch a future-ready platform that meets the needs of our broker and agency partners, while scaling for tomorrow’s opportunities.”

Facing the need to modernize legacy systems, PHLY set out to implement a digital-first strategy, reduce manual processes, and use data to drive better decisions and customer insights. With Duck Creek’s solutions, they achieved:

• Automated policy lifecycle management, improving speed and accuracy;
• Real-time data access and analytics to support decision-making and compliance;
• A modern, agent-facing experience via the Duck Creek Producer Portal; and
• Rapid deployment of BOP products across multiple states using pre-configured templates and scalable APIs.

The foundational release of the reimagined BOP offering launched in three states in late 2024, with rollout to 20 additional states planned throughout 2025. PHLY’s transformation has already led to increased market share, improved customer satisfaction, and stronger agent engagement, setting a new benchmark for excellence in digital insurance delivery.

“Philadelphia Insurance Companies demonstrated what’s possible when a forward-thinking insurer embraces modern technology to meet complex market demands,” said William Magowan, SVP North American Sales at Duck Creek Technologies. “Their strategic use of Duck Creek OnDemand, Policy, Insights, and Producer is a prime example of how carriers can deliver meaningful transformation with speed and scale.”

Duck Creek celebrates PHLY’s incredible success in the P&C Insurance Industry.

About Duck Creek Technologies
Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

About Philadelphia Insurance Companies

For over 60 years, Philadelphia Insurance Companies (PHLY) has delivered stability and peace of mind through enduring partnerships with our customers, brokers, and independent agents nationwide. We provide commercial property/casualty and professional liability coverages, comprehensive risk management, and expert claims handling across 120+ specialized industries.

As a proud member of Tokio Marine Group, one of the largest insurance groups in the world, PHLY’s exceptional financial strength has been independently validated through the highest ratings from the AM Best Company [“A++” (Superior)] and Standard & Poor’s [“A+”] since 2011. PHLY is nationally recognized as a member of Ward’s Top 50 since 2001, Business Insurance’s Best Places to Work in Insurance since 2010, and ranked as one of America’s Best Midsize Employers by Forbes.

For more information, please visit PHLY.com and connect with us on LinkedIn.

Media Contacts:
Marianne Dempsey/Tara Stred
[email protected]

GlobeNewswire Distribution ID 9455272

SANMENXIA, China, May 22, 2025 /Xinhua-AsiaNet/– On May 20th, the ceremony of Laozi Digital Human Launch and Online Promotion, named “Dialogue Across Time and Space”, took place at the Hangu Pass Historical and Cultural Tourism Zone, renowned as the “Millennia-Old Strategic Pass and Birthplace of Taoism”. This marks China’s first digital human of Laozi, integrating cutting-edge technologies such as AI, 3D modeling and natural semantic interaction. Relying on the study of over 100,000 philosophical annotations, the project has constructed a ” Tao Te Ching  Semantic Knowledge Graph”, enabling real-time human-machine interaction and dialogue centered on philosophical works such as the ” Tao Te Ching “ .

Within the same day, the “Hangu Pass Base of the Global Laozi Thought Dissemination Research Center of East China Normal University” was simultaneously inaugurated, according to the Organizing Committee of Sanmenxia Yellow River Cultural Tourism Festival.

Historical records note that over 2,500 years ago, Laozi — an 80-year-old archivist of the Eastern Zhou Dynasty — journeyed westward from Luoyang, the ancient capital, riding a dark ox, and arrived at Hangu Pass. He stayed there for over seven months, composing the well-known philosophical masterpiece ” Tao Te Ching ” of more than five thousand characters. This book not only holds a pivotal position in traditional Chinese culture but has also been globally disseminated and studied, becoming the most translated and widely distributed Chinese classic. It has so far been translated into nearly 100 languages with over 2,000 editions.

This event is one of the components of the 30th Sanmenxia Yellow River Cultural Tourism Festival. With the theme of “Pillar of Stability — A Thriving Yellow River”, this festival will last from May 17th to 25th, featuring a total of 9 main activities.

Located in western Henan along the middle reaches of the Yellow River, Sanmenxia is regarded as one of the cradles of Chinese civilization. The Yangshao Culture and Laozi’s philosophical legacy, which originated here, have profoundly shaped the development of Chinese heritage.

Source: The Organizing Committee of Sanmenxia Yellow River Cultural Tourism Festival