ADEPT

ACORD Announces New Global Advisory Council to Drive Industry-Wide Collaboration and Digitalisation

Retrieved on: 
Tuesday, February 13, 2024

LONDON, Feb. 13, 2024 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, today announced the establishment and inaugural meeting of the ACORD Global Advisory Council (GAC).

Key Points: 
  • "With the accelerating pace of digital transformation in our industry, the formation of the ACORD Global Advisory Council is a timely and significant step towards increasing collaboration and alignment within leading insurance markets around the world," Matcham said.
  • "I look forward to working alongside ACORD and our global peers to drive essential progress across the insurance ecosystem."
  • The founding of the ACORD Global Advisory Council follows several milestone successes in global insurance industry digitalisation, such as the full alignment of the Core Data Record (CDR) and other key aspects of  Lloyd's Blueprint Two modernisation programme with ACORD Standards, as well as the Italian Market Data Exchange Platform (IMDEP) project, which leverages ACORD Solutions Group's ADEPT platform to connect the Italian (re)insurance community using ACORD Global Reinsurance and Large Commercial Standards.
  • "The ACORD Global Advisory Council will play a key role in advancing digital data exchange and connecting stakeholders across both established and emerging markets.

Draper Wins $26M Pentagon Contract for Remote CBRN Detection Using Autonomous Teaming Drones

Retrieved on: 
Wednesday, January 10, 2024

CAMBRIDGE, Mass., Jan. 10, 2024 /PRNewswire-PRWeb/ -- Draper announced it has been awarded a $26 million (all options) contract by the U.S. Department of Defense (DOD) to further expand the capabilities of its unmanned autonomous systems (UAS) software to perform chemical, biological, radiological and nuclear (CBRN) reconnaissance missions in collaborative teams and in degraded operating environments. The Other Transaction Authority (OTA) agreement was awarded through the Joint Program Executive Office for Chemical, Biological, Radiological, and Nuclear Defense (JPEO-CBRND).

Key Points: 
  • "Draper's UAS CBRN system is capable of searching even small, cluttered places and detecting CBRN hazards.
  • Draper will advance its system under an effort at JPEO-CBRND called CSIRP , which stands for CBRN Sensor Integration on Robotic Platforms.
  • The new contract allows Draper to continue developing the teaming approach, and to deliver mature prototypes for government testing in 2026.
  • "Draper's UAS CBRN system is capable of searching even small, cluttered places and detecting CBRN hazards," said Won Kim, program manager at Draper.

Caterpillar Appoints Chief Operating Officer

Retrieved on: 
Monday, October 16, 2023

IRVING, Texas, Oct. 16, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced today that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023.

Key Points: 
  • IRVING, Texas, Oct. 16, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced today that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023.
  • Creed's replacement as group president of Energy & Transportation will be named at a later date and will also report to the chief operating officer.
  • Andrew Bonfield, chief financial officer, Suzette Long, chief legal officer and, upon her retirement, her successor, Derek Owens and Cheryl Johnson, chief human resources officer will continue reporting to Umpleby.
  • Creed also served as interim chief financial officer for Caterpillar in 2018.

ACORD Transcriber Recognized as 2023 PropertyCasualty360 Insurance Luminary

Retrieved on: 
Tuesday, October 3, 2023

NEW YORK, Oct. 3, 2023 /PRNewswire/ -- ACORD Transcriber, the intelligent document processing tool built by ACORD Solutions Group, the provider of solutions for standardized data exchange through the global (re)insurance industry, has been selected as an honoree for Technology Innovation in the 2023 PropertyCasualty360 Insurance Luminaries Awards.

Key Points: 
  • NEW YORK, Oct. 3, 2023 /PRNewswire/ -- ACORD Transcriber , the intelligent document processing tool built by ACORD Solutions Group , the provider of solutions for standardized data exchange through the global (re)insurance industry, has been selected as an honoree for Technology Innovation in the 2023 PropertyCasualty360 Insurance Luminaries Awards.
  • ACORD Transcriber automates the extraction, download, and population of data in structured and unstructured insurance industry forms and documents.
  • We are proud to provide capabilities like ACORD Transcriber that deliver tangible results and advance the digitalization of our industry."
  • ACORD Solutions Group's ADEPT (ACORD Data Exchange Platform and Translator) received a similar commendation from PropertyCasualty360 in 2021.

ADEPT Driver and Driver Technologies Announce Partnership to Improve Crash Risk Prediction and Driver Safety Performance

Retrieved on: 
Tuesday, September 12, 2023

ELK GROVE, Calif., Sept. 12, 2023 /PRNewswire/ -- ADEPT Driver ®, a neurocognitive research and product development company that provides crash avoidance training to the insurance industry, and Driver Technologies, Inc. (Driver), an AI-based mobility tech company that delivers a safer driving experience, today announced a mutual partnership that will lead to improved crash risk prediction, driver safety performance, and reduced insurance costs.

Key Points: 
  • ELK GROVE, Calif., Sept. 12, 2023 /PRNewswire/ -- ADEPT Driver ®, a neurocognitive research and product development company that provides crash avoidance training to the insurance industry, and Driver Technologies, Inc. (Driver), an AI-based mobility tech company that delivers a safer driving experience, today announced a mutual partnership that will lead to improved crash risk prediction, driver safety performance, and reduced insurance costs.
  • This partnership will help drivers using telematics/usage-based insurance technology to understand and improve their collision risk score that impacts their insurance premiums.
  • Integrating telematics with effective driver behavior modification programs like ours is proven to significantly improve the accuracy of driver risk scores and unsafe driving behaviors," said Dr. Richard Harkness, CEO of ADEPT Driver.
  • "Our new partnership with ADEPT Driver represents our first expansion into the instructional behavior modification market," said Rashid Galadanci, CEO and co-founder of Driver Technologies.

Karuna Therapeutics Reports Second Quarter 2023 Financial Results and Provides General Business Updates

Retrieved on: 
Thursday, August 3, 2023

Karuna Therapeutics, Inc. (NASDAQ: KRTX), a clinical-stage biopharmaceutical company driven to create and deliver transformative medicines for people living with psychiatric and neurological conditions, today announced financial results for the second quarter of 2023 and provided a general business update.

Key Points: 
  • Karuna Therapeutics, Inc. (NASDAQ: KRTX), a clinical-stage biopharmaceutical company driven to create and deliver transformative medicines for people living with psychiatric and neurological conditions, today announced financial results for the second quarter of 2023 and provided a general business update.
  • Mr. Brown succeeds Troy Ignelzi who will remain at Karuna for a transition period through the end of the third quarter of 2023.
  • General and administrative expenses were $27.4 million for the second quarter of 2023, as compared to $17.8 million for the prior year period.
  • The second quarter 2023 financial results and business update will be discussed during a conference call and webcast today at 8:00 a.m.

Using Technology for Accident Prevention and Claims Cost Reduction in Personal Auto

Retrieved on: 
Wednesday, June 7, 2023

The paper, " Using Technology for Accident Prevention and Claims Cost Reduction in Personal Auto ," focuses on current technologies for crash reduction and the benefits of combining various strategies to help reduce auto claims.

Key Points: 
  • The paper, " Using Technology for Accident Prevention and Claims Cost Reduction in Personal Auto ," focuses on current technologies for crash reduction and the benefits of combining various strategies to help reduce auto claims.
  • When effective crash-avoidance training is paired with telematics it is a win/win scenario for insurers and society.
  • "Many insurance companies already utilizing telematics are looking to combine other technologies to reduce skyrocketing auto claims costs and prevent vehicle collisions from happening in the first place," said Dr. Richard Harkness, CEO of ADEPT Driver®.
  • "When our crash-avoidance training is paired with telematics and/or advanced driver assistance systems, our insurance partners and their customers see significant reductions in loss costs, accident frequency and bodily injuries.

United Imaging to Unveil Ultra-Modern MRI Technology Platform at ISMRM in Toronto

Retrieved on: 
Friday, June 2, 2023

HOUSTON, June 2, 2023 /PRNewswire/ -- United Imaging, a global leader in manufacturing advanced medical imaging and radiotherapy equipment, is a Silver sponsor at this year's ISMRM meeting, where it will show its full range of advanced preclinical and clinical MRI technology for the first time.

Key Points: 
  • HOUSTON, June 2, 2023 /PRNewswire/ -- United Imaging, a global leader in manufacturing advanced medical imaging and radiotherapy equipment, is a Silver sponsor at this year's ISMRM meeting, where it will show its full range of advanced preclinical and clinical MRI technology for the first time.
  • United Imaging will also host a Symposium at ISMRM, on Sunday, June 4th at 12 noon moderated by Dr. Abram Voorhees, about the role of 5T in expanding access to ultra-high-field MRI ("Introducing uMR Jupiter 5T: An Entirely New Species").
  • United Imaging introduced the 5T Jupiter, a whole-body 5 Tesla magnet designed to open access to ultra-high-field MRI, at ECR in Vienna earlier this year; it is not commercially available for clinical use in the U.S.
  • Jeffrey M. Bundy, Ph.D., CEO of United Imaging Healthcare Solutions, echoed the importance of the company's mission.

Karuna Therapeutics Reports First Quarter 2023 Financial Results and Provides General Business Updates

Retrieved on: 
Thursday, May 4, 2023

Karuna Therapeutics, Inc. (NASDAQ: KRTX), a clinical-stage biopharmaceutical company driven to create and deliver transformative medicines for people living with psychiatric and neurological conditions, today announced financial results for the first quarter of 2023 and provided a general business update.

Key Points: 
  • Karuna Therapeutics, Inc. (NASDAQ: KRTX), a clinical-stage biopharmaceutical company driven to create and deliver transformative medicines for people living with psychiatric and neurological conditions, today announced financial results for the first quarter of 2023 and provided a general business update.
  • “We’ve had a very strong start to the year,” said Bill Meury, president and chief executive officer of Karuna Therapeutics.
  • Announced positive results from the Phase 3 EMERGENT-3 trial in schizophrenia in the first quarter of 2023.
  • The first quarter 2023 financial results and business update will be discussed during a conference call and webcast today at 8:00 a.m.

ACORD Releases Annual Member Report Highlighting Expanded Global Adoption of ACORD Standards and Data Exchange Assets, in Support of Industry-Wide Digitalization Efforts

Retrieved on: 
Thursday, March 30, 2023

ACORD Solutions Group also continued to support industry-wide digitalization initiatives this year, developing and releasing expanded capabilities for its cutting-edge digital solutions.

Key Points: 
  • ACORD Solutions Group also continued to support industry-wide digitalization initiatives this year, developing and releasing expanded capabilities for its cutting-edge digital solutions.
  • ACORD also welcomed over 100 new members to its global community of over 36,000 participating organizations in 2022.
  • "Over the past 12 months, ACORD has expanded the adoption of standardized data exchange across new stakeholders, geographies, and lines of business," said Bill Pieroni, President & CEO of ACORD, in his annual message to the ACORD member community.
  • ADEPT (ACORD Data Exchange Platform and Translator) launched new data exchange capabilities for reinsurance treaty contract placement, providing structured data exchange for Submission, Quote, Order and Signed Line processing, as well as document exchange between broker and reinsurer.