Issue link: https://maltatoday.uberflip.com/i/1494460
2 NEWS 9.3.2023 MELITA Business has set up a new partner ecosystem through melita.io making it easier for individuals and businesses to find suppliers and solutions for the installation or monitoring of intelligent devices ranging from apps notifying motorists of available parking spaces to mon- itoring energy consumption in real time. Harald Roesch, Melita Ltd CEO, said: "Melita.io recognis- es that connectivity solutions and specialists in each field or industry are endless, so our partner ecosystem brings every component necessary to build a complete solution, whether they need application developers, system integrators or hardware manufacturers, Melita.io is the Internet of ings and M2M specialist brand of Melita Business, focus- ing on connectivity within Eu- rope and beyond using mobile and LoRaWAN technologies. e enhanced partner ecosys- tem will be of invaluable assis- tance to businesses in a range of sectors and industries including smart industries, smart cities, agriculture, building manage- ment systems, offices, metering, logistics, waste and manage- ment. Partners bring with them ex- pertise in highly specialised fields whether it is deep under- standing of water metering or the collection and disposal of municipality waste. Some of the most recent pro- jects involved melita.io partner- ing with IoT Solutions Malta to provide a city with integrated smart parking devices direct- ing drivers to available parking spaces via a specialised mobile app. With M2M Germany, melita. io addressed the monitoring of energy consumption at various industrial plants in Germany along with tracking the status of emergency doors, windows and general access doors to support facility management. ese solutions provide added visibility to management and improved customer experience along with significant cost ben- efits when compared with tradi- tional or manual solutions. For more information on avail- able partners or solutions visit https://www.melita.io/find-a- partner/ or to join the partner ecosystem visit https://www. melita.io/become-a-partner/ Melita announces new partner ecosystem EC disburses €52.3 million to Malta under Recovery and Resilience Facility HSBC Life Malta is pleased to report that it paid out 95.6% of all claims re- ceived in 2022, including death benefits, life benefits, critical illness, and disabil- ity. is strong performance demonstrates the company's commitment to protect- ing its customers and their loved ones and is a testament to its dedication to fulfilling its obligations to policyholders. "At HSBC Life Malta, we are proud to be a trusted partner for our customers, helping them to protect their loved ones and their financial futures," said Muriel Rutland, CEO of HSBC Life Malta. Our high claim payout rate is a reflec- tion of our commitment to ensuring that our policyholders receive the benefits they are entitled to in the event of a loss or life event. We achieve consistently high payout levels by carefully evaluat- ing the unique needs and circumstanc- es of each potential policyholder at the inception of their policy. By taking into account factors such as age, health, life- style, and financial situation, we are able to provide tailored coverage that offers the best possible protection." Besides its strong payout rate, HSBC Life Malta has also placed a focus on fast claim processing, with some custom- ers receiving payment for critical illness claims within just eight days of filing. When shopping for a life insurance pol- icy, it is important to choose a provider with a proven track record of fulfilling its obligations to policyholders and paying out claims. In addition to the claims settlement ra- tio, consumers should also consider the types of policies offered, the level of cus- tomer service provided, and carefully re- view the terms and conditions of a policy before purchasing. Since its inception in 1996, HSBC Life Malta has settled over €75 million in protection claims to customers and their loved ones. HSBC Life pays out over 95% of claims in 2022 A payment of €52.3 million in grants has been made possible by Malta's fulfilment of 16 milestones and three targets in a first instalment under the Recovery and Resilience Facility. e payment covers measures such as the adoption of a strat- egy to reduce waste through recycling in the construction sec- tor, the establishment of office facilities to enable civil servants to work remotely across the country, reforms to boost indus- trial research and investments, a national anti-fraud and cor- ruption strategy and reforms to digitalise the justice system. Payments under the RRF, the key instrument at the heart of NextGenerationEU, are performance-based, and depend on Malta implementing the investments and reforms outlined in its national recovery and resilience plan. Malta submitted to the Commission a first payment request of €52.3 million under the RRF in 2022, endorsed by the EC with a positive preliminary assessment of Malta's payment re- quest. e favourable opinion of the Economic and Financial Committee of the Council on Malta's payment request paved the way for the Commission to adopt a final decision on the disbursement of the funds. Malta's overall recovery and resilience plan will be supported by €258.3 million in grants. e amounts disbursed are published in the Recovery and Resilience Scoreboard, which shows progress made in the implementation of the RRF as a whole and of the individual recovery and resilience plans. Malta has already received a pre-financing of €41.1 million in December 2021.