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The U.S. Chamber Discover & Deliver Initiative Spotlights Medical Innovation Happening across Main Street America

YourUpdateTV

You may be surprised to learn that cutting edge medical innovation is happening right now in your own community—from coronavirus to cancer, America’s innovation community is mobilized like never before. Across main street America, businesses of all sizes, the public sector, and academic institutions are making remarkable progress in developing the next generation of breakthrough treatments, vaccines, and diagnostics we need. The results are clear—working together we achieve more. That’s why the U.S. Chamber Discover & Deliver initiative is spotlighting the role of business in bringing science to life and delivering it to humanity. It’s the story of a nationwide, cross-industry effort that involves our brightest scientific minds, the most innovative companies, and the nation’s leading universities—all working together toward the common goal of making a healthier global community. The scope is as impressive as the speed. Scientists are conducting more than 140,000 clinical trials across the United States, in all 50 states, from big cities to small towns. This search for new medical solutions and cures also supports hometown economies by creating good jobs and driving growth. Discover & Deliver is conducting outreach in communities across the United States to engage local leaders, share the latest information, and provide a “peek inside the pipeline” to shed light on what science can tackle next. To help illustrate this story, the U.S. Chamber developed an interactive map, to show what’s happening across our country—in communities large and small—as innovation works to identify the solutions needed to fight disease. Visit www.USChamber.com for the latest resources and insights into how business is stepping up in extraordinary ways to solve our biggest challenges. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content.. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

October 15, 2021 03:40 PM Eastern Daylight Time

Michael Jones Joins Treliant to Expand Financial Crimes Compliance Services in the UK, Europe, and the Middle East

Treliant

Michael Jones has joined Treliant, through its acquisition of UK-based Vox Financial Partners, serving as Managing Director in its Global Financial Crimes Compliance (GFCC) practice, to oversee the expansion of the firm’s GFCC services in the UK, Europe and the Middle East. Based in London, Michael has extensive experience advising the world’s leading financial services companies on challenges related to anti-money laundering, fraud, sanctions compliance, and anti-bribery and corruption, from a process, technology, and regulatory perspective. Treliant has expanded its Global footprint through the acquisition of Vox Financial Partners; a Capital Markets consulting firm that helps global financial institutions deliver regulatory and business change. “The UK and Europe continue to forge ahead with some of the most robust legislation and enforcement of measures to combat financial crime, protect consumers, and preserve the global financial system,” said Treliant Managing Partner Ross Marrazzo. “For years, Michael has been helping UK and European companies employ technology for risk management and business change in the face of financial crime, and he will drive our firm’s activities in this challenging environment.” “Treliant’s team brings extensive and impressive experience in all aspects of financial risk management, drawn from decades working in senior government, business, and advisory roles,” said Michael. “The firm’s expansion will bring clients a new level of trusted advisory services for global financial crimes compliance, cybersecurity and privacy, and corporate and regulatory investigations.” Michael has over 20 years of experience helping companies use technology to manage risk as a partner in Big Four accounting firms and as an independent consultant. He has advised financial services clients across retail banking, investment banking, asset management, and insurance. His work with some of the world’s biggest banks has covered multiple aspects of risk (process, technology, and regulation) and financial crime detection and prevention, including sanctions and anti-money laundering risk assessments, the optimization of transaction monitoring and sanctions screening systems, and the implementation of large-scale financial crime transformation programs. Treliant is a multi-industry consulting firm that serves organizations around the globe. Our firm serves financial institutions, consumer-oriented businesses, other corporations, and law firms. As a firm of leading professionals from industry and government, we assist our clients in navigating regulatory requirements and on best practices, while meeting strategic and operational objectives. We partner with clients as trusted advisors and via managed services including through secondments, interim resources, and other outsourcing strategies. Our advisory and assurance services and specialized, high-quality business solutions strengthen our clients’ corporate and regulatory compliance programs, risk management, and business performance. We also provide comprehensive support for corporate and regulatory investigations, litigation, and as government agency monitors and independent consultants. We serve companies from Main Street to Wall Street and across the globe. Contact Details Treliant, LLC Melissa Pazornik +1 202-249-7932 mpazornik@treliant.com Company Website https://www.treliant.com

October 14, 2021 06:00 AM Eastern Daylight Time

Global Energy Leader Chevron Shipping joins NAMEPA, Demonstrating its Dedication to Save Our Seas.

North American Marine Environment Protection Association

Carleen Lyden Walker, Co-Founder and Executive Director of the North American Marine Environment Protection Association (NAMEPA), announced that Chevron Shipping has joined NAMEPA as its newest corporate member. NAMEPA is proud to be partnering with Chevron Shipping in making strides to Save Our Seas and towards a cleaner future. “We are delighted that our discussions with Chevron Shipping have resulted in their decision to join NAMEPA’s efforts towards sustainability,” stated Ms. Walker. NAMEPA’s mission of preserving the marine environment and promoting sustainable marine industry best practices is aligned with Chevron Shipping’s goals. “Protecting people and the environment has always been a core value of Chevron Shipping. We are pleased to join NAMEPA and its likeminded members striving for a safer, ever-cleaner environment and marine industry,” said Mark Ross, President of Chevron Shipping. NAMEPA proudly welcomes Chevron Shipping to its global and diverse network of individuals and companies in a new partnership that will help progress towards a greener future. About Chevron Shipping: Chevron Shipping Company LLC is a wholly owned subsidiary of Chevron U.S.A. Inc. (NYSE: CVX). Chevron’s fleet has provided a vital link between our operations and the marketplace for more than 125 years. Today, Chevron Shipping Company is an industry leader in safely and reliably transporting crude oil, liquefied natural gas (LNG) and refined products that power the world. Learn more. The North American Marine Environment Protection Association (NAMEPA) is a marine industry-led organization of environmental stewards preserving the marine environment by promoting sustainable marine industry best practices and educating seafarers, students and the public about the need and strategies for protecting global ocean, lake and river resources. Visit us at: www.namepa.net Contact Details NAMEPA Carleen Lyden Walker +1 203-255-4686 executivedirector@namepa.net Company Website https://namepa.net/

October 13, 2021 10:26 AM Eastern Daylight Time

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TLGG White Paper Reveals the Future of Clinical Trials is Digital; Advises Stakeholders to Prepare Now

TLGG

TLGG Consulting, an award-winning management consultancy with a focus on digital strategy, business model innovation and organizational transformation, today released a new white paper: The Future of Clinical Trials is Digital: Are you Ready? The report explains that digital clinical trials (DCTs) are expanding, and are set to improve upon outdated and inefficient processes in traditional clinical research with improved access, retention, analysis and optimization in trial methods, and disrupt the existing medical research ecosystem. DCTs use novel digital technologies or processes to enable participation outside of conventional clinical settings. The report describes that traditional clinical research processes to develop new medical technologies are plagued by steep costs, lengthy timelines, and high rates of failure, delaying the development of urgently needed new technologies and contributing to increased prices of new products that are successfully developed. In response to outdated systems, benefits of DCTs include: Improved Recruitment: Digital tools can open paths to new and more diverse participant subpopulations, improving the equity of medical research. Increased Retention of Trial Participants: Patient-centric innovations that reduce participant drop-out and lead to quicker trial completion include fewer visits to trial sites, clearer explanations of the trial process, improved communication between researcher and participant, and less burdensome and more automated self-reporting. Improved Data Collection and Analysis: Digital tools and technologies, including automated monitoring and wearables, lead to more regular, robust, and reliable capture of safety and efficacy data. Optimized Trial Methods and Designs: Digital tools will enable advanced analysis of trial operations to help determine the most effective methods of participant engagement. DCTs, and their associated cost-savings, could enable product developers to embrace new approaches to research and risk tolerance, and allow them to conduct a wider range of activities in-house. Katrin Zimmermann, Managing Director of the Americas at TLGG Consulting, said, “The healthcare industry is evolving at an exponential rate and innovative digital technologies and methodologies can improve the development of new drugs, vaccines, and diagnostics. TLGG’s analysis of today’s clinical trial landscape indicates there are great opportunities to increase the speed of research, reduce its cost, and alleviate many of the burdens traditionally associated with participating in a clinical trial. However, the adoption of these trends will have a significant impact on pharma and other research organizations--new business models, skill sets, and team structures will be required to fully leverage the potential of digital trials.” According to TLGG, the implications of the growing role of DCTs in clinical research are diverse and will impact several stakeholder groups, prompting the need for new business models, new partnerships, new operational processes, and increased prioritization of innovations that focus on improving trial participant experiences. Those impacted will include: Product Developers: pharmaceutical companies, Trial Centers: hospitals, universities, and contract research organizations (CROs). Digital Experts, Service Providers, and Entrepreneurs. Analysis suggests that current clinical research stakeholders should prepare for an increasingly digital trial ecosystem. In doing so, impacted groups are likely to benefit from guidance relating to digitization and optimization of products, services and systems to improve user experiences. For more information or to view the full white paper, please visit www.tlggconsulting.com/dct-white-paper/. About TLGG TLGG Consulting is a strategy consultancy for the digital age, with a growing team of 50+ digital experts, created in 2018 and spun off from the digital and creative agency TLGG and locations in Berlin and New York. TLGG accompanies organizations and companies through change with a holistic digital approach in all business processes. Their guiding principle is that unique business models require unique solutions. Companies and institutions such as Aurelis, Deutsche Bahn, Lufthansa, Schmitz Cargobull, dena and leading automotive and pharmaceutical companies worldwide rely on the results. Contact Details North 6th Agency for TLGG Kevin Pryor +1 212-334-9753 tlgg@n6a.com Company Website https://www.tlggconsulting.com/

October 13, 2021 09:04 AM Eastern Daylight Time

Provana Welcomes Chief Revenue Officer

Provana

Provana, the leading provider of business and technology platforms for the credit and collections industry, today announced it has named Mike Keister as Senior Vice President and Chief Revenue Officer. As CRO, Mike will oversee the company’s sales and business development strategy and execution, with a focus on customer success. “Mike has a proven track record of building sales organizations to support both enterprise and SMB market segments,” said Sandeep Bhargava, Provana’s Co-Founder and CEO. “His authentic leadership style, drive for continuous improvement and passion for helping clients derive full value from their investment make him an excellent fit to lead our team.” Mike joins Provana from Zapproved, a legal tech company. With nearly 20 years of sales leadership experience in SaaS solutions, Mike excels at scaling sales organizations to support rapid growth. He is passionate about combining this approach with a keen attention to customer success and delivering on client expectations. “I’m thrilled to join the company at this critical time in the ARM industry, when many firms are in need of a partner in digital transformation and compliance,” said Mike. “With our long history of supporting clients throughout the entire lifecycle of accounts receivable management, Provana is uniquely positioned to deliver value that supports the latest industry standards and staffing challenges.” Based on the West Coast in Portland, Oregon, Mike enjoys hiking, golfing and attending his daughters’ sporting events. About Provana Provana is a SaaS platform that gives leaders control over process-intensive operations. We serve law firms, insurance companies, accounts receivable agencies and networked enterprises in the US market that are tightly regulated by the CFPB and other authorities. Provana is built on decades of experience in machine learning and natural language processing and helps customers manage sensitive interactions, analyze unstructured data, process personal information and ensure compliance. Provana is backed by a NYC-based Fintech PE, most recently raising funds in November 2020. Learn more at www.provana.com. Contact Details Britney Schaeffer +1 469-774-2409 britney.schaeffer@provana.com Company Website https://www.provana.com/

October 12, 2021 07:08 AM Central Daylight Time

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Charlie Pesti Increases Bespoke Logistics and Supply Chain Media & PR Offerings with Addition of Hariesh Manaadiar

CHARLIE PESTI

Logistics and Supply Chain Media & PR Company Charlie Pesti has announced the addition of Hariesh Manaadiar as Director, Market & Data Intelligence. Manaadiar joined the company effective October 1 and will be actively executing the company’s vision of becoming the world's best publicist of logistics and supply chain technologies. “ We have had a strong and long-standing relationship with Hariesh through Shipping and Freight Resource (SFR) and are very excited about what this partnership will bring. Through the collaboration, we will continue to regularly bring our clients in front of thousands of decision makers, creating millions of dollars worth of business, while receiving invaluable insights from the ever growing and highly engaged SFR community. As owner of our data and market intelligence efforts, Hariesh will be working closely with customers to turn their operational data into market intelligence and actionable insights that can be presented to industry and mainstream media on a regular basis. We will also be expanding into market reports and research to continue providing stakeholders with crucial data sets essential for their business operations, ” said Charlie Pesti, Founder and Executive Director at CHARLIE PESTI. Hariesh Manaadiar, brings with him 3 decades of experience in global shipping, maritime, logistics, freight, and supply chain management. He holds a Masters in Shipping & Logistics, a Diploma in Journalism and is a Fellow of the Institute of Chartered Shipbrokers and a Fellow of The Chartered Institute of Logistics and Transport. Hariesh has been educating Joe Public globally on the various requirements and vagaries of the industry since 2008 through his hugely popular Shipping and Freight Resource. The site is popular for its educational content, Executive Insights, and Product Reviews. Hariesh is a regular speaker at container seminars and has engaged with entities such as the FMC on matters relating to critical issues such as demurrage and detention and port congestion. “ I have always been passionate about assisting customers in the logistics and supply chain space with their pain points and aiding them in their efforts to find innovative solutions. CHARLIE PESTI was a good fit for me to pursue this passion based on their involvement and experience in working with LogTech companies. Working with start-ups, unicorns and scale-ups, CHARLIE PESTI has tripled their revenue and quadrupled profit in the past year alone. I am definitely excited to be part of this growing team and add my expertise to the business, ” adds Hariesh Manaadiar. CHARLIE PESTI covers the supply chain and logistics markets in the geographies of US, EU, APAC & South Africa. About CHARLIE PESTI Charlie Pesti is focused on and obsessed with being the world's best publicist of logistics technologies. They bring their clients to decision-makers, who are eager to engage with them, pay them, and talk about them. The Charlie Pesti team is expert in content creation, industry and mainstream media relations, lead generation, and conferences. Learn more at — www.pesti.io Contact Details CHARLIE PESTI Priyanka Ann Saini +91 98332 68264 priyanka@pesti.io

October 12, 2021 03:33 AM Eastern Daylight Time

Harrods enters the limited-edition sneaker market welcoming The Edit LDN

Stockwood Strategy

The UK’s leading online store for limited edition sneakers and high-end streetwear The Edit LDN, today announced the opening of its first ever UK boutique store in Harrods, one of London’s most famous department stores. Harrods visitors will be able to see, experience and buy the latest limited-edition sneakers from The Edit LDN. Already popular with royalty, celebrities and footballers, The Edit LDN is a leading online destination that sells the hottest and hardest to get sneakers and streetwear from brands including Yeezy, Jordan, Off-White and collaborations through to Supreme, among others to a wide community of fashionistas, collectors and investors. Just as premium sites like Farfetch address the fashion world, The Edit LDN showcases the latest sneakers and high-end streetwear. They connect premium resellers with a highly engaged, price agnostic and eager audience. Moses Rashid, Founder and CEO of The Edit LDN commented: “We want to expand and increase accessibility for people who want to own limited edition sneakers around the world. Being the first sneaker reseller in Harrods is a proud and milestone moment for the company and its great to see such a global mega brand engaging with the sneaker market, moreover, that we're the catalyst to make that happen. Harrods offers an amazing customer journey to their global customer base and this aligns completely with our approach, to offer the best in class service. In 18 months, we have expanded our community of buyers from avid sneaker fans to TV and film celebrities as well as professional footballers and royal families around the world. Opening in Harrods is a logical next step as we bring our unique proposition to their customer base”. The Edit LDN has established itself as a trusted source of authenticated and high quality new and pre-loved streetwear and sneakers. Their unabating focus on speed (to deliver purchased goods), customer service engagement and ensuring all goods are authenticated has been testament to the growth of the platform and community. Simon Longland, Head of Menswear at Harrods commented: “Over the past three years, menswear at Harrods has undertaken a huge transformation, that has been visible through our brand curation as well as the physical shop floor. Our goal has been to transform the menswear experience at Harrods and embrace the most important and desirable trends on the market, and the launch of The Edit LDN continues that strategy. Bringing The Edit LDN’s industry expertise to Harrods ensures that our customers have access to the latest and most exclusive styles on the market through a service level which is unmistakably Harrods.” Helen David, Chief Merchant at Kurt Geiger added: “We’ve been at the forefront of embracing the latest trends serving a wide and diverse range of customers. What used to be considered sportswear is now considered luxury, and the shoes that are the most wanted and the hottest tickets are now sneakers. Without this as part of our matrix at Harrods, we wouldn’t have a proper 360 luxury offer. Hosting The Edit LDN at Harrods is testament to our commitment of meeting our customer needs with the market-leader in the premium sneaker business. Our shared objective with The Edit LDN is to ensure that Harrods’ customers have access to the latest and best on the market to meet their lifestyle needs.” Looking ahead, Moses said: “This is a marketplace worth $6b a year globally and will grow 5x by 2030. The demand for sneakers is growing every day and we are at the heart of servicing this trend. It’s been a remarkable 18 months since we launched to now opening in Harrods, the world’s most iconic department store. We are in hyper growth and headed in the right trajectory as we scale the business globally. Our on-going funding round will enable us to move faster and achieve our goals“. About The Edit LDN Founded in 2020, The Edit LDN has quickly become the UK’s leading online consignment store for limited edition sneakers and high end streetwear, both new and pre-loved items. Their innovative platform connects premium resellers to a global audience offering a deluxe experience from discovery, packaging and delivery. Brands include Jordan, Yeezy, Louis Vuitton, Dior, Off-White, Supreme, Fear of God among others. The platform is fast becoming synonymous with speed of service, authenticity, diverse selection of secure payment methods, and first class customer service. The Edit LDN is the leading destination for resellers and their premium sneakers and streetwear. Through partnerships with styling services such as Thread.com and various concierge companies, The Edit LDN has a community of buyers celebrities to professional footballers and royal families around the world. Further information visit: www.theeditldn.com. You are welcome to follow us on LinkedIn, Facebook or Instagram About Harrods Harrods began as a wholesale grocer and tea merchant in east London, first opening its doors in 1834. Since then, it has grown to become the world’s most famous department store, known for its unrivalled range of luxury merchandise. As well as exclusive brands and myriad departments, one of Harrods’ most renowned attributes is its unparalleled service. Harrods continues to be guided by its philosophy of “anything is possible” and, to this day, our customers remain at the heart of everything we do. Harrods.com About Kurt Geiger Kurt Geiger is a premium footwear brand operating across the UK. It first opened its doors on Bond Street in 1963. Kurt Geiger's own brands for women, men and children include Kurt Geiger London, KG, Carvela and Miss KG. Kurt Geiger has operated the Harrods and Selfridges footwear departments for the past 25 years. This unique positioning sets Kurt Geiger apart as a distinctive and unparalleled multi-channel business selling third-party and owned brands through department store concessions. The brand has over 80 stores worldwide, kurtgeiger.com, as well as e-commerce concession sites and wholesale partners. Selling over four million pairs of shoes a year this makes Kurt Geiger the largest luxury footwear retailer in Europe. Contact Details The Edit LDN Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.theeditldn.com/

October 11, 2021 09:00 AM Eastern Daylight Time

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Yoodli, A Startup Backed by Madrona Venture Group and the Allen Institute for AI (AI2), Applies AI to Life's Biggest Stress: Public Speaking

Yoodli

Yoodli, a startup leveraging AI to help people develop the necessary soft skills to present and communicate confidently, opened early access to their beta product at www.yoodli.ai. The founding team of Varun Puri, Esha Joshi, and Dr. Ehsan Hoque, alumni from GoogleX, Apple and the MIT Media Lab, brings a passion to a challenge that most people experience every day. The Company is also announcing it has already raised $1M in pre-seed funding from the Allen Institute for AI and Madrona Venture Group. “Many of us have struggled with public speaking and have been on the receiving end of poorly delivered presentations,” said Varun Puri, co-founder of Yoodli. “During my time in Silicon Valley, I met countless colleagues, often fellow immigrants, who didn’t receive the recognition they deserved because they struggled to communicate effectively. Our platform will be an incredible leveler enabling people to practice and get real time feedback based on science as well as from friends and coaches.” According to the National Institute of Mental Health, the fear of public speaking affects 73% of people. However, we all need to speak in group settings — remember the awkward wedding toasts, dull classroom presentations, and never-ending team meetings? Numerous studies have suggested that oral communication is the number one skill that college students find useful post-graduation and yet is not taught in a direct way while in school. “As a female engineer in a male dominated industry, I felt like I had to try even harder for people to take me seriously,” said Esha Joshi, co-founder and CTO of Yoodli. “The nerves and doubts before a presentation can be crushing, and the feeling of successfully expressing yourself in front of an audience is a huge confidence booster. Our platform takes you from the nerves to the confident persona you need to achieve your goals.” Puri previously ran special projects for the President of Alphabet and then led Africa operations for a GoogleX initiative that is expanding internet connectivity using invisible lasers. Joshi brings her expertise as an Apple engineering lead as well as her experience speaking at large gatherings such as the Grace Hopper Conference to the mission of Yoodli. Dr. Hoque, the co-lead of the Rochester Human Computing Interaction group and MIT 35 Innovators Under 35 awardee, adds decades of research experience building AI interfaces to upskill the workforce. His work has helped people with autism practice communication skills, doctors prepare for end-of-life conversations with patients, and Parkinson’s patients detect their condition directly from their computer screens. “We see a tremendous opportunity to use AI as a way to improve human social and cognitive skills,” said Matt Mcllwain, Managing Director of Madrona. “We like to back exciting teams from Day One and this team has the passion, technical and industry experience that inspires us to come to work every day. And give presentations!” Yoodli is hiring for applied AI engineers, fullstack developers and a Head of Growth. Reach out at info@yoodli.ai if you are interested and sign up at www.yoodli.ai to join the product waitlist. About Madrona Venture Group Madrona ( www.madrona.com ) is a venture capital firm based in Seattle, WA. With more than 25 years of investing in early stage technology companies, the firm has worked with founders from Day One to help build their company for the long run. Madrona invests predominantly in seed and Series A rounds across the information technology spectrum, and in 2018 raised the first fund dedicated to initial investments in acceleration stage (Series B and C stages) companies. Madrona manages over $2 billion and was an early investor in companies such as Amazon, Smartsheet, Isilon, Redfin, and Snowflake. About the Allen Institute for AI (AI2) AI2 was founded in 2014 with the singular focus of conducting high-impact research and engineering in the field of artificial intelligence, all for the common good. AI2 is the creation of Paul Allen, Microsoft co-founder, and is led by Dr. Oren Etzioni, a leading researcher in the field of AI. AI2 employs more than 100 top-notch researchers and engineers from across the globe. AI2 prides itself on the diversity and collaboration of our team and takes a results-oriented approach to complex challenges in AI. Learn more at allenai.org. Contact Details Yoodli Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://www.yoodli.ai/

October 07, 2021 09:01 AM Pacific Daylight Time

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Zesty.ai’s Z-FIRE™ Wildfire Model Adopted for Rating by Carriers in Six US States

Zesty.ai

Zesty.ai, the leader in property risk analytics powered by Artificial Intelligence (AI), today announced that its Z-FIRE™ model that provides wildfire risk scores for all properties in the 48 contiguous US states has already been implemented in six states, making it the most widely adopted AI-powered wildfire risk model in the industry. Z-FIRE™ has gained regulatory approval in filings by leading carriers in four states, including California, New Mexico, Oregon and Utah with active filings pending approval in Montana and Nevada, as well as current underwriting use in Wyoming, Idaho, Arizona, Washington, Texas, and Colorado where rating use is expected to follow suit in 2022. Integrating multiple satellite and aerial imagery sources, as well as other data inputs, such as building permits and weather data that can be analyzed at scale with artificial intelligence, Z-FIRE™ has quickly become the leader in offering precise, property-specific wildfire risk analysis at 97+% coverage. It considers property-level features that influence risk, such as topography, historical climate data, and critically, factors impacting frequency and severity extracted from high-resolution imagery like, building materials and surrounding vegetation in multiple defensible spaces. This gives carriers precise risk metrics that take mitigation efforts into account, such as clearing vegetation, and in turn expands opportunities for coverage for residences located in certain high wildfire-risk areas. As mitigation efforts become a priority for regulators and government organizations, as evidenced by a recent report on the topic from the Legislative Analyst's Office, which referenced Zesty.ai and IBHS’s joint efforts to measure the impact of mitigation, there will be an increased regulatory focus on how mitigation efforts impact underwriting and rating decisions. Over the course of 2021, Zesty.ai has experienced rapid growth driven by several factors including the California Department of Insurance’s (CDI) approval of multiple filings that use Z-FIRE™ model for both underwriting and rating. Several other states have followed suit in granting approval of filings that implement Z-FIRE™. With these approvals, carriers including Farmers, MetDirect, Berkshire Hathaway, Amica, and The Cincinnati Insurance Companies, as well as the California FAIR Plan Association (FAIR Plan), among others, are confidently using Z-FIRE™ to better understand and price wildfire risk at the individual property level. “Wildfire is a problem that affects property owners, insurance carriers, regulators, and government policy. With the increase in losses from secondary perils, such as wildfires, next generation risk models like Z-FIRE™ that accurately assess risk at the individual property level have become invaluable to the insurance ecosystem,” said Attila Toth, Founder & CEO of Zesty.ai. “Feedback from customers is that the deep insights not only allow pricing commensurate with risk, but also enable data-driven conversations with property owners, agents and regulators for a transparent insurance experience.” At the recent APCIA 2021 Virtual Western Region General Counsel Conference, Ken Allen, Deputy Commissioner, Rate Regulation Branch at California Department of Insurance, was asked if the approval process for new filings would accelerate after an AI model like Z-FIRE™ had already undergone an extensive review. He confirmed, "That is the case [and] that is the expectation. If another insurer came in with that same model, same version, same everything, we wouldn't reinvent the wheel and redo everything. We would focus more on the insurer's use of that model and that would curtail such a review and it would go much quicker". For more information on Zesty.ai and its products please visit www.zesty.ai. About Zesty.ai Increasingly frequent natural disasters have impacted communities and drove $2.2 Trillion in economic losses over the past decade. Zesty.ai uses 200Bn data points, including aerial imagery, and artificial intelligence to assess the impact of climate change one building at a time. Zesty.ai has partnered with leading insurance companies and property owners to help them protect homes, businesses and support thriving communities. Zesty.ai was named Top 100 Most Innovative AI Company in the world by CB Insights in2020, and Gartner Cool Vendor in Insurance by Gartner Research in 2019. For more information visit: https://www.zesty.ai/. Contact Details Zesty.ai Abby Rieflin +1 216-870-1835 abby@clarity.pr Company Website https://www.zesty.ai

October 05, 2021 08:00 AM Pacific Daylight Time

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