STORE Capital Corp
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states. Its customers operate across a range of industries within the service, retail and manufacturing sectors of the United States economy, with restaurants, early childhood education centers, movie theaters, health clubs and furniture stores. The Company's portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states. The Company provides real estate financing solutions principally to businesses that own STORE properties and operate within the broad-based service, retail and industrial sectors of the United States economy.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
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Market Hours

Closing Price
$30.86
Day's Change
-0.13 (-0.42%)
Bid
--
Ask
--
B/A Size
--
Day's High
30.96
Day's Low
30.27
Volume
(Light)
Volume:
1,622,428

10-day average volume:
2,246,953
1,622,428

Tokio Marine Kiln Selects Pega Platform to Improve Operational Efficiency

9:00 am ET November 9, 2020 (PR Newswire) Print

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation at the world's leading enterprises, today announced Tokio Marine Kiln (TMK), a forward-thinking international underwriting business, has selected Pega Platform(TM) using Pega Cloud(TM) to help cut costs, consolidate siloed processes, and achieve significant operational improvements.

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Headquartered in London, with additional operations in Asia and the United States, TMK is part of one of the world's largest insurance groups, Tokio Marine. Each year, Tokio Marine Kiln underwrites $2 billion of business in areas including: property and casualty, marine, aviation, special risks, and reinsurance. The specialist insurance processes are complex, and in addition to its core policy system, TMK needs to rely on many other systems and manual efforts through the underwriting journey. TMK sought a solution to digitize and consolidate these processes to help drive operational efficiency in its increasingly competitive market.

TMK selected Pega Platform for its Intelligent Automation needs to deliver a single, digital, unified platform that will sit above its existing systems and manage its entire underwriting process from end to end. By centralizing the processes on Pega, TMK expects to reduce expenses, enhance its ability to respond to changing market conditions, and provide more efficient mechanisms for meeting compliance obligations. Pega delivered a working prototype that achieved all of TMK's objectives in just four days, and will work alongside Pega Platinum partner Coforge to deliver the project.

Quotes & Commentary"We chose Pega because of its pedigree and the success other parts of the wider Tokio Marine group has had with its products," said Darren Sharp, Group Head of IT at Tokio Marine Kiln. "We know that Pega is capable of providing all the capabilities that TMK needs to create an efficient and cost-effective operating model, and I'm pleased to say that we are now full steam ahead on a phased delivery model."

Mr. Sharp continued: "The ability to utilize Pega Cloud has also allowed us to get going far more quickly than if we had taken a traditional on-premise approach, supporting our technology strategy by giving us the scalability and flexibility that is vital for an organization like ours to thrive in our increasingly competitive market. Information Security is incredibly important too, and Pega Cloud provides us with complete confidence in that space."

"There's never been a more important time to ensure your business is running efficiently and effectively," said Kieran Tarrant, vice president and managing director UK & Ireland, Pegasystems. "This project builds on the existing relationship we have with the Tokio Marine group, and we're excited to work closely with them to help achieve their objectives throughout this project."

About Pega Pega is the leader in cloud software for customer engagement and operational excellence. The world's most recognized and successful brands rely on Pega's AI-powered software to optimize every customer interaction on any channel while ensuring their brand promises are kept. Pega's low-code application development platform allows enterprises to quickly build and evolve apps to meet their customer and employee needs and drive digital transformation on a global scale. For more than 35 years, Pega has enabled higher customer satisfaction, lower costs, and increased customer lifetime value. For more information on Pegasystems (NASDAQ: PEGA) visit www.pega.com.

Press Contact:Jon BrigdenPegasystems jon.brigden@pega.com Twitter: @pega

All trademarks are the property of their respective owners.

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SOURCE Pegasystems Inc.

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