Corporate Wellness Market to Become Worth US$ 61,690.9 Mn by 2026, Says TMR

The global corporate wellness market was valued at US$ 29,266.9 Mn in 2017 and is expected to expand at a high CAGR of 9% from 2018 to 2026, to reach an estimated value of US$ 61,690.9 Mn by 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Corporate Wellness Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026.’ The report suggests that the rise in awareness about health and wellness among employers and employees across the globe is likely to drive the global corporate wellness market from 2018 to 2026.

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North America and Europe are expected to dominate the global corporate wellness market, in terms of revenue, during the forecast period. Factors such as high health care expenditure and availability of a wide range of providers of corporate wellness services boost the corporate wellness market in these regions. The market in North America is expected to register the highest growth rate of more than 11% during the forecast period. The corporate wellness market in Asia Pacific is expected to register the second-highest growth rate of more than 9% during the forecast period. The corporate wellness markets in Latin America and Middle East & Africa are likely to expand at a sluggish growth rate during the forecast period.

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Rise in the Number of White-collar Employees and Increase in Private Sector Capital Expenditure to fuel the Market 

Government support for corporate wellness programs has increased along with rise in health concerns among people with chronic conditions such as obesity and diabetes. A federal legislation has also sought to cut escalating health care costs. A provision in the 1996 HIPAA (Health Insurance Portability & Accountability Act) offers employers to reduce the cost of health insurance premiums for employees practicing health-promoting activities. The provision has provided up to 20.0% of reduction in the employees” regular premium cost. White-collar employees include managers, government employees, professionals, and salespersons. The number of service sector employees is expected to increase in the next few years. This is likely to drive the global corporate wellness market during the forecast period. The number of industry operators is expected to increase at a rate of 3.2% per annum to reach 549 operators from 2016 to 2020. This, in turn, is projected to increase the number of white-collar employees in the near future, for whom companies would be taking up corporate wellness programs.

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Health Risk Assessment and Fitness projected to be Highly Lucrative Service Segments 

The health risk assessment segment accounted for a major market share in 2017. It is likely to dominate the global corporate wellness market during the forecast period, due to rise in awareness among employers, increase in the incidence of chronic diseases, and surge in the spending on health care. Fitness is projected to be the second-most lucrative service segment by the end of the forecast period, due to rise in the incidence of chronic diseases in a majority of developed and developing countries such as the U.S., China, Japan, Germany, and Australia. Fitness programs have gained significant popularity in the last few years, due to rise in awareness and government initiatives for promoting workplace fitness. Fitness programs are designed to provide employees with the risk score or rating or reference to a doctor. They are designed to address weight loss, healthy eating, or general fitness. The fitness segment is likely to hold a major share of the global corporate wellness market during the forecast period. The segment is expected to witness strong growth from 2018 to 2026, due to rising awareness about health and well-being among employees, increasing prevalence of obesity, and willingness of employers to implement corporate wellness programs.

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Nutrition and Weight Management Service Segments estimated to register the Highest CAGR 

Weight management programs incorporate healthy diet, exercise, and changes in lifestyle. Every employee is provided with a personalized plan to help meet individual goals and reduce chances of developing serious health issues such as diabetes, cardiovascular diseases, or high cholesterol. Making the right food choices helps prevent chronic diseases and conditions including diabetes, cancer, heart diseases, and obesity. Hence, it is important to organize nutrition sessions that provide a diet plan or a chart that helps employees stay healthy and improves their productivity. Nutrition plays an important role in maintaining health of an employee. Hence, corporate wellness programs focus on providing nutrition services to clients. Several corporate wellness companies are helping businesses expand by offering on-site fitness facilities.

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North America projected to be a Highly Lucrative Market for Corporate Wellness 

North America is expected to dominate the global market between 2018 and 2026, due to rise in the number of white-collar employees and favorable regulatory environment for businesses in the region. The market in North America is primarily driven by factors such as rise in the adoption of corporate wellness services, surge in health care costs, increase in the incidence of chronic disorders, and rise in investments in corporate wellness. In addition, highly penetrated corporate wellness market, availability of diversified corporate wellness services, and well-defined health care policies of private and public health insurance firms boost the corporate wellness market in the region. The U.S. holds a major share of the market in North America, owing to increasing adoption of new services for corporate wellness and high awareness among employers in the country. Thus, favorable rules and regulations and presence of several providers of corporate wellness services are expected to have a positive impact on the corporate wellness market in North America in the near future.

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Trend of Increase in the Number of New Entrants in the Local Market observed in the Last Few Years 

The corporate wellness market is highly fragmented with presence of several, small-scale and large-scale providers of corporate wellness services. This report provides profiles of leading players operating in the global corporate wellness market. These key players are EXOS, ProvantHealth (Hooper Holmes, Inc.), Wellness Corporate Solutions, ComPsych Corporation, Optum, Inc. (United Health Group), Sodexo, BupaWellness Pty Ltd (BupaGroup), JLT Australia (RecovreGroup), Central Corporate Wellness, TruworthWellness, CXA Group Pte. Limited, and SOL Wellness. The global corporate wellness market is fragmented with presence of several local players that operate at a country level. Hence, no major players with strong geographical presence operate in the global market.

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About Us 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company”s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR”s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR”s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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ALBANY, New York, June 8, 2018 /PRNewswire/ —

Transform Banking With Newgen at Florida Bankers Association’s 130th Annual Meeting

Newgen Software Inc., a provider of banking software solutions, today announced its participation at the Florida Bankers Association”s 130th Annual Meeting at The Breakers, Palm Beach, from June 11th-13th, 2018. Newgen will showcase its banking solutions for commercial & consumer banking and online account opening.

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‘Financial institutions across the globe are witnessing waves of changes sweeping across lending processes. Newgen solutions allow banks to offer multiple loan types from single platform, customize processes as per their business needs, and do real-time changes to capitalize on every lending opportunity,’ said Diwakar Nigam, MD and Chairman, Newgen Software.

Interact with Newgen experts at booth #3 to understand how banks can become future ready with the scalable solutions that offer the much needed flexibility for integration in lending processes. Newgen”s solutions are built on its Business Process Management and Enterprise Content Management platforms. These solutions cater to retail lending, commercial and institutional loans, commercial real estate loans and small business administration loans in order to achieve a faster-go-to-market, stay on top of regulations, and unify front and back offices.

Newgen online account opening solution provides a platform that is intuitive, interactive, and customer-friendly. The solution is targeted at usability and configurability. Usability ensures that the online account opening interface is smart, comprehensive and simple enough for the customers to stay on the application, complete it or save intermittently and come back later for completion. Configurability provides a future-proof solution to help banks adapt to dynamic market and customer needs.

Florida Bankers Association Annual Meet provides a great opportunity for professionals of the banking fraternity to connect with industry leaders on a single platform and understand digital transformation.

About Newgen Software Inc.:  

Newgen Software Inc. is a global provider in banking process automation with more than 200+ banks and financial services institutions as its clients. Newgen”s banking process management framework automates critical business processes for banking institutions across commercial lending, consumer lending, customer on-boarding, online account opening, trade finance, digital and mobile customer experience strategy. Newgen offers flexible on premise and cloud-based solutions to its banking customers.

For more information, please visit https://newgensoft.com/

Connect with us:  

Media Contact:
Asif Khan
asif.khan@newgensoft.com

PALM BEACH, Florida, June 6, 2018 /PRNewswire/ —

Tadawul Implements Changes to Opening and Closing Price Mechanism

Move to closing price auction method aligns Tadawul with global market practice

Tadawul, the Saudi Stock Exchange, today announced that previously disclosed enhancements to its opening and closing price mechanism will be implemented effective May 27, 2018. Changes to the methodology for determining opening and closing prices apply to both the Main Market and Nomu – Parallel Market include:

  • Moving from a Volume Weighted Average Price (VWAP) to an auction method for determining closing prices;
  • Enhancing the opening price auction in line with practices adopted by most other major markets.

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The previous VWAP methodology for determining closing prices has been replaced by a 10-minute auction after the end of continuous trading (3:00pm local time in Riyadh), during which investors determine the price of securities through participating in the auction by placing bid and ask orders.

Opening prices will continue to be determined by auction but market orders shall be displayed unpriced at the top of the order book during the auction period, and a single index opening value will be published after all order books have uncrossed.

Both the market open and market close times will be randomized within 30 seconds after official open (10am local time in Riyadh) and close (3:10pm local time in Riyadh) times to further enhance investor protection and market soundness.

‘These enhancements to price mechanisms further align Tadawul with international best practices and the processes used by other major markets,’ said Khalid Abdullah Al Hussan, Chief Executive Officer of Tadawul. ‘The result is expected to be greater price efficiency, increased liquidity, reduced market volatility and enhanced security for both investors and intermediaries, and thus creating a more attractive investment climate for domestic and international investors.’

The planned changes to the opening and closing price mechanism were first announced by Tadawul on January 10, 2018 as part of a series of significant measures to improve market access and efficiency, enhance liquidity, bolster investor security, mitigate risk and further align market practices with global best practices. Other market enhancements already implemented include:

  • Updating the Independent Custody Model (ICM) to enhance Qualified Foreign Investor access to the market by providing more flexibility in trading limits for ICM clients and new procedures to mitigate credit risk associated with the settlement process for all participants
  • Introduction of a new optional model to allow asset managers to aggregate the orders of managed assets (discretionary portfolios ‘DPs’ and investment funds), assuring best execution and fair allocation for their funds and clients.

About Tadawul 
The Saudi Stock Exchange (Tadawul) is the sole entity authorized in the Kingdom of Saudi Arabia to act as the kingdom”s securities exchange (the Exchange), listing and trading in securities. With a market capitalization of $500 billion, the Saudi stock market is the 24th largest stock market among 68 members of the World Federation of Exchanges, and is the dominant market in the Gulf Cooperation Council (GCC) comprising 48 percent of total GCC market capitalization and 75 percent of value traded. For more information on Tadawul, please visit http://www.tadawul.com.sa

Tadawul Contact:
Abdullah Al-Sharif
Tadawul
abdullah.sharif@tadawul.com.sa
+966-555-114-404

Media Contacts:
Amy Rosenberg
Hill+Knowlton Strategies
amy.rosenberg@hkstrategies.com
+1-212-885-0581

Bobby Morse
H+K Financial
bobby.morse@hkstrategies.com
+44-(0)20-7466-5000

Investor Relations Contact:
Rouaa Fadl
Marco
rouaa@marco.sa
+966-599-589-552

RIYADH, Saudi Arabia, May 21, 2018 /PRNewswire/ —

EQT Acquires Majority Stake in Dunlop Protective Footwear

  • QT acquires majority stake in Dunlop Protective Footwear, the leading global manufacturer of protective wellington boots
  • Intention to support the global growth of Dunlop Protective Footwear, by enhancing its go-to-market approach in the US, driving expansion in underpenetrated and new geographies, and by fostering innovation and new product development
  • Gilde Equity Management, the current majority shareholder, will reinvest in the company and will remain a significant shareholder going forward
  • The existing executive team, led by CEO Allard Bijlsma, will continue to lead Dunlop Protective Footwear

The EQT Mid Market Europe fund (‘EQT’) announces that it is acquiring a majority stake in Dunlop Protective Footwear (‘Dunlop’ or ‘the Company’) from its current owner Gilde Equity Management Benelux (‘GEM’). GEM will remain a significant shareholder and will continue to support the growth plans of the Company in close cooperation with EQT and Management.

Dunlop is the leading global manufacturer of branded protective wellington boots, serving professionals in Agriculture & Fishery, Food processing, Industry and Oil, Gas & Mining. With over 500 employees, production sites in the Netherlands, Portugal and the US, and sales activities around the world, Dunlop serves customers in more than 50 countries.

EQT is excited to support the continued global growth of Dunlop, by enhancing the Company”s go-to-market approach in the US, driving expansion into underpenetrated and new geographies, and fostering new product development. Dunlop is expected to benefit from EQT”s deep sector expertise within tech and digitalization in its mission to further expand its e-commerce platform. EQT also intends to support Dunlop”s growth ambitions through add-on acquisitions.

Florian Funk, Partner at EQT Partners and Investment Advisor to EQT Mid Market Europe, comments: ‘EQT is honored by GEM”s trust and grateful to have been granted an exclusive process. This enables us to work together in the future and build on the impressive track record of Dunlop Protective Footwear. We regard this outcome as a testimony to our EQT brand value and acknowledged reputation to help high-quality companies unlock their full potential. We are very excited to join the Dunlop journey and to support the management team in accelerating its global growth ambitions going forward.’

Thijs van Remmen, Partner at Gilde Equity Management: ‘We have been a shareholder in Dunlop for many years and have supported the company through several phases of development. Starting by focusing Dunlop entirely on its niche of protective wellington boots, we then helped the company to steadily gain market share globally, including the step-change acquisition of competitor Onguard in the US. We believe the company is in a better position than ever to propel itself to the next level. That is why we will reinvest significantly and remain a shareholder in the company.’

Allard Bijlsma, CEO of Dunlop, adds: ‘Our Dunlop Protective Footwear company has a clear plan towards the future, in which driving comfort and protection for our end users is the central theme. With our Dunlop brand and our best in class product offerings, like Purofort, we are acknowledged as the innovation leader in our business. I”m delighted that the EQT team has joined us to support our global roll-out and thus being able to accelerate on our ambitions. I”m convinced that EQT can deliver great value to our business by making use of their global network of experts in virtually every field.’

The transaction is subject to customary conditions and regulatory approvals. It is expected to close in Q2, 2018. The parties involved have agreed not to disclose financial details of the transaction.

Contacts
Florian Funk,
Partner at EQT Partners,
Investment Advisor to EQT Mid Market Europe,
+49-89-2554-99-504

EQT Press Contact,
+46-8-506-55-334

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About GEM
Gilde Equity Management (GEM) is an independent private equity firm in the Benelux with more than 30 years of experience and over EUR 1 billion under management through funds with a long-term investment horizon. Since 1996, GEM focuses exclusively on the Benelux mid-market segment and invests in international companies based in the Netherlands and Belgium.

More info: www.gembenelux.com

About Dunlop Protective Footwear
Dunlop Protective Footwear is the leading global manufacturer of protective wellington boots. In more than 50 countries worldwide, the Company provides comfortable and protective footwear to the workers in Agriculture & Fishery, Food processing, Industry and the Oil, Gas & Mining industry. Dunlop has more than 500 employees, three production sites in the Netherlands, Portugal and the US, and sales people around the world. Dunlop Protective Footwear is headquartered in Raalte, the Netherlands.

More info: www.dunlopboots.com

This information was brought to you by Cision http://news.cision.com

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010518_EQT acquires majority stake in Dunlop Protective Footwear

 

STOCKHOLM, May 1, 2018 /PRNewswire/ —

Smart Startup Leverages Blockchain to Bring Smart Contracts to the Masses

A new era for SMEs as SMRT Tokens enable efficient, transparent and borderless business transactions 

– Enables small businesses to be born global  

– Smart contracts offer frictionless trade  

– Pre- ICO launch for bulk purchase investors on Saturday 24th March 2018  

The Smart Startup Company, founded by social and technology entrepreneur Simon Krystman promises to make it simple for ordinary businesses to benefit from the transparency and security provided by the blockchain, by launching SMRT (Smart Startup Token) contracts. The aim is to create a frictionless trade platform for startups and SMEs.

SMRT describes itself as a ‘vending machine for legal documents’ that are then secured in the blockchain. The need to create contracts can be extremely onerous for start-ups, in terms of both money and time. Blockchain offers the opportunity to make enforcement cheaper and easier. However, few small businesses have the resources or understanding of blockchain technology to utilise it.  The SMRT templates will cover the contractual areas that startups and small businesses encounter, such as shareholder and intellectual property agreements. They will also cover finance and trading agreements in the way the Ethereum blockchain was originally designed for.  

Simon Krystman explained: ‘Established trading marketplaces could benefit enormously from our smart contracts, as buyers and sellers will have automatically enforced agreements to transfer money for goods and services. They also open the way for many new decentralised marketplaces, where the smart contracts are the enforcements of trade. Small businesses would be able to buy bundles of our smart contract templates to facilitate their sell/buy trades.’

The pre-ICO for investors to bulk buy tokens will take place from 24th March 2018 to 21st April 2018.

Team  

The Smart Startup Company and SMRT token team are highly skilled and experienced in running successful businesses. They have a wide variety of talent, connections and expertise in blockchain, AI, entrepreneurship, funding, intellectual property, government and regulation, giving SMRT a very solid base. Some team members are working in an advisory capacity, while holding down high-profile jobs in industry, government and academia. Others are working full time to build the infrastructure of a world leading company. Upon completion of the ICO, the team will be expanding to bring onboard more in-house software developers, lawyers and finance specialists, building an internal infrastructure and one to manage partners.

Syed Kamall, Member of the European Parliament is the Regulatory Advisor to the SMRT Project, advised; ‘The technology offers some very exciting opportunities but as legislators internationally, we must also make sure that consumers have trust in it. Blockchain and smart contracts will be a game changer for startups.’

Simon Krystman concluded; ‘The core of our company is the marriage of legal agreements with blockchain software code, supported by data science and AI. Our key partners represent this core and employ leading practitioners in their respective domains.’

Smart Startup Token (SMRT) will be holding a private pre-ICO sale on Saturday 24th March 2018 for advance bulk purchase of the SMRT tokens. A public token sale/crowdsale is planned for quarter 4 of 2018. To join the pre-ICO, visit https://smartstartuptoken.tech/ or view the Whitepaper at https://smartstartuptoken.tech/smrt-whitepaper-v1.pdf. SMRT”s strategy is to build a prototype of the platform from the Pre-ICO funds. This will explain the technology and process for the SMRT platform and the associated smart contracts. It will also show how the SMRT token can be used.

Jake Shaw, Founder of Twelve Ronnies, the start-up company that matches inventors with entrepreneurs and an early adopter of SMRT, explained his enthusiasm for SMRT: ‘SMRT is the gateway to the internet of agreements.  In the same way that the internet and social media allowed anyone to start-up a business from their kitchen table, SMRT will transform the ability of small companies to transact and trade globally.’

Further Information 

Visit https://smartstartuptoken.tech/ or view the Whitepaper at https://smartstartuptoken.tech/smrt-whitepaper-v1.pdf

Risk Warning 

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. Your capital is at risk. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

LONDON, March 24, 2018 /PRNewswire/ —

Geely Founder Li Shufu is a New Shareholder of Daimler AG

Li Shufu acquired 9.69 percent of voting shares / long-term investment / focus on digital technology services and electro-mobility  

A subsidiary of Geely Group Co., LTD., Hangzhou, China, a company owned by Li Shufu and managed by Zhejiang Geely Holding Group Co., LTD, Hangzhou, China, has acquired a 9.69 percent stake in Daimler AG, Stuttgart.

‘Daimler is an outstanding company with a first-class management. It will be an honor to support this unique team under the leadership of Dieter Zetsche in the future,’ said Li Shufu, chairman and owner of Zhejiang Geely Holding Group and Geely Group. ‘I am particularly pleased to accompany Daimler on its way to becoming one of the world”s leading electro-mobility providers.’

The share purchase makes Li Shufu currently the single largest shareholder of Daimler AG and points to a long-term commitment. For the time being neither Geely Group nor any other company in the Zhejiang Geely Holding Group intend to acquire additional shares. Li Shufu: ‘I will fully abide by the company charter and governance structure of Daimler and respect its values and culture’.

With revenue exceeding RMB 270 billion (about USD 43 billion) in 2017, the Zhejiang Geely Holding Group is China”s largest privately owned automotive manufacturing company and one of the world”s leading providers of electro-mobility. Major assets of the group include leading Chinese automaker Geely Automobile Holdings Ltd., Hangzhou (46 percent), Volvo Cars, Gothenburg, Sweden (100 percent), Lotus Motor Cars, Norfolk, UK (51 percent), Proton Cars, Malaysia (49.9 percent) and London Taxi, Coventry, UK (100 percent).

Geely Group owns one of China”s largest car-sharing providers, Cao Cao (100 percent), operating a fleet of around 16.000 electric vehicles worldwide.

Li Shufu: ‘The competitors that challenge the global car industry in the 21st century technologically are not part of the automotive industry today. But challenges create opportunities. No current car industry player might win this battle against the invaders from outside without friends. To achieve and assert technological leadership, one has to adapt a new way of thinking in terms of sharing and united strength. My investment in Daimler reflects this vision.’

Please find further information athttp://www.geely-project.com

Contact: Dirk Grosse-Leege, Cardo Communications GmbH, Friedrichstrasse 120, 10117 Berlin, Deutschland, Phone: + 49-30-24087620, Mail: dgl@cardocommunications.com

HANGZHOU, China and STUTTGART, Germany, February 24, 2018 /PRNewswire/ —