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Investors Heritage Names Robert Hardy Chief Executive Officer; Raymond Carr, John Frye to Serve as Co-Presidents

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Harry Lee Waterfield II named Vice Chairman

FRANKFORT, Ky.–(BUSINESS WIRE)–Investors Heritage Life Insurance Company (“Investors Heritage”) today
announced that Executive Vice President and General Counsel Robert Hardy
has been named Chief Executive Officer, succeeding Harry Lee Waterfield
II, who will become Vice Chairman, effective June 1.

“It has been one of the great honors of my life to work beside the fine
people of Investors Heritage and ensure that our policyholders have
comfort and confidence when they need it most,” said Mr. Waterfield.
“The growth and success that we have achieved over the last several
months – building on our strengths as we launched new products, entered
new markets – have me shown me once again that we have exceptional
people in place who are more than capable of capitalizing on this
momentum.”

Mr. Waterfield is only the second CEO of Investors Heritage, a firm
founded and led by his father and former two-time Lieutenant Governor of
Kentucky, Harry Lee Waterfield.

“Harry Lee will continue to be a part of Investors Heritage,” said Rudy
Sahay, Chairman of Investors Heritage and Managing Partner of Aquarian
Holdings, which acquired Investors Heritage’s parent company in March
2018. “His commitment to the company and to Frankfort is a legacy of
unfailing service, integrity, and excellence – one that all of us who
are part of the Investors Heritage family will do our best to honor and
carry forward.”

Mr. Hardy joined Investors Heritage in 1987 and has had responsibility
for a number of the company’s operations, including corporate strategy,
legal, and regulatory affairs.

“Over the last four decades, I have had the privilege to work alongside
Rob and have seen up close the thoughtfulness, discipline, and rigor
that translate directly to value for our people and our policyholders,”
said Mr. Waterfield. “Our company has taken important steps forward and
Rob’s expertise, understanding of our business, and track record of
thoughtful stewardship make him the ideal choice to lead Investors
Heritage as we continue on that path.”

Added Mr. Hardy, “Harry Lee has consistently embodied what is best in
Investors Heritage. It is an honor to follow his lead and build on the
great legacy that he and my grandfather have established. I look forward
to working with the dedicated people at Investors Heritage and its wide
network of partners to further our track record of exceptional service
and excellence for our policyholders.”

In addition, Investors Heritage also announced Executive Vice President
and Chief Operating Officer Raymond Carr and John Frye of Aquarian
Holdings have been named Co-Presidents.

Mr. Carr joined Investors Heritage in 1972, serving in a number of
senior roles throughout the company. He previously served as Chief
Financial Officer and Vice President of Administrative Operations and
Computer Services. Mr. Frye, an operating partner at Aquarian Holdings,
previously served as Chief Strategy Officer at Advisors Excel, one of
the largest independent marketing organizations in the insurance
industry, and as Chief Financial Officer, Chief Investment Officer, and
Chief Risk Officer at Security Benefit Life Insurance Company of Topeka,
Kansas, a leading annuity underwriter. He spent 20 years as a financial
executive at General Electric, where he served as CFO for a number of
its businesses.

“With Raymond and John, Investors Heritage gets a highly credible,
effective team to work with Rob,” said Mr. Waterfield. “Raymond has
earned my trust and that of our partners many times over through his
decades of service in representing us. John’s breadth of experience in
insurance coupled with his knowledge of the annuity market and fresh
perspective will be critical for our long-term success as the company
continues to service our current markets, launch new products, and enter
new markets. The company could not ask for a better leadership team to
oversee our growth.”

Added Mr. Sahay, “We are grateful for Harry Lee’s 58 years of service
and have the utmost confidence in Rob, Raymond, and John’s ability to
shepherd the business through its next phase of growth. Together, we at
Investors Heritage look forward to building on our record of service and
our continuing commitment to the great Commonwealth of Kentucky.”

About Investors Heritage

Investors Heritage Life Insurance Company offers its policyholders a
wide range of insurance solutions backed by a track record of
exceptional service. Founded in 1960 and headquartered in Frankfort,
Kentucky, the company has a rich and growing tradition of providing
tools to help people build and manage their legacies as a leader in
preneed and final expense policies, and through its new retirement and
wealth management offerings. For more information, please visit investorsheritage.com.

Contacts

Media
Anthony Lacavaro
Aquarian
Holdings
alacavaro@aquarianlp.com
212.720.1015

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Strainprint™ Technologies Welcomes Organic Medical Cannabis Producer to Growing List of Subscribers

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Strainprint™ Technologies Ltd, the leader in cannabis data and analytics is pleased to expand their nation-wide coverage with the addition of Stewart Farms.

Stewart Farms is a late-stage applicant headquartered in Alberta that is building a 100,000 sq. ft. vertical aquaponics farm in Saint StephensNew Brunswick. They will be utilizing automation, vertical farming, and land-based aquaculture to produce medical grade organic cannabis for both recreational and medical markets in Canada. All of their products will be free of herbicides, pesticides and synthetic nutrients. At full capacity, they will reach more than 10,000 kgs per year of organically farmed cannabis and more than 200,000 kgs of organic tilapia.

Stewart Farms’ long term vision is to deliver tools and products to support  future customers and patients during their health and wellness journeys. “Through our partnership with Strainprint we gain direct access to their incomparable data and analytics tools. This will aid us in educating a wider audience on the medical benefits and best practices of cannabis-based medicine,” said Tanner Stewart, Co-founder & CEO of Stewart Farms. “We know our customers are looking to consume more than dried cannabis. We know Canadians of all legal ages are trying to sort through their personal engagement with cannabis as a medicine. What we want to know, on an ongoing basis, is what is and is not working for people. Strainprint’s patient-led data services will give us the insight needed to create custom products and further understand the benefits of our existing products. Finally, our goal is to partner with companies and teams that truly have people’s best interest at heart. Caring about a patient’s success is what makes up the core of the Strainprint team. We couldn’t be happier to move forward with them at our side.”

Stewart Farms will access the Strainprint Analytics web platform, the most sophisticated cannabis analytics platform available to improve product development. Strainprint Analytics is built on top of the largest and most granular scientific data set of its kind in the world, with more than 1.3 million anonymized, patient reported medical cannabis outcomes and more than 65 million data points on strain efficacy.

“We’re thrilled to provide our real-time, crowd sourced data to an environmentally conscious company that uses innovative, cutting edge farming technology to produce top-tier medical cannabis,” said Strainprint CEO, Andrew Muroff. “Our organizations are equally committed to improving lives using cannabis therapy, and our shared core motivation is to provide guidance and support to help cannabis patients achieve their health goals.”

 

SOURCE Strainprint Technologies Ltd.

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Field Trip Ventures Inc. Retains KCSA Strategic Communications as Public Relations Counsel

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Greenery Map, the world’s first and only cannabis search engine to allow users to search for cannabis products based on their desired mood, medicinal use, and method of consumption, is now offering users – both businesses and consumers – the opportunity to register and connect to the app in an entirely mobile way. Previously, businesses were required to access GreeneryMap.com from a desktop in order to manage accounts and connect to the inventory API system, but that road block has been removed, allowing for an entirely mobile experience through the Greenery Map app.

App users turn to Greenery Map to help them decide on the strain of Cannabis and product that is right for them depending on their desired mood or medicinal effect. Following the matching, consumers are given a detailed history and description of the strain so that they can make educated purchases, cutting down on time that budtenders need to spend with patrons and speeding up the purchase process. Consumers can then see all of the ways to purchase said product, including the nearby dispensaries that have it in stock, online options, and even delivery options through the app. Greenery Map fully integrates with a dispensary’s inventory API system to update in real-time and give consumers real-time information on dispensary stock for the item they are looking for. The Greenery Map system also provides cannabis businesses in both the B2B and B2C sectors a private database to share and sell information and products. For Cannabis businesses, Greenery Map also offers the opportunity to open bank and merchant accounts through their partnership with PayHouse Consulting Group.

 

SOURCE Greenery Map

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WeBank, IBM and Other Organizations Jointly Held the 1st International Workshop on Federated Machine Learning in conjunction with IJCAI 2019

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Once a concept, AI is now ushering in a key stage of application. What’s the solution to the data silos among businesses? Given the enhanced regulation on data at home and abroad, what’s the solution to data privacy and security concerns? What’s the status quo of Federated Machine Learning and how to establish an ecosystem for FML in the future?

WeBank, IBM and other organizations jointly held the 1st International Workshop on Federated Machine Learning for User Privacy and Data Confidentiality (FML’19) in conjunction with the 28th International Joint Conference on Artificial Intelligence (IJCAI-19) on Aug. 12, 2019, to further discussion on these issues.

President of IJCAI, Chair of FML Steering Committee, Chief AI Officer of WeBank Professor Qiang Yang delivered opening remarks at the workshop. Dr. Shahrokh Daijavad from IBM and Dr. Jakub Konečný from Google presented keynote addresses. In the panel discussion, top scholars from WeBank, Bar-Ilan University, IBM, Squirrel AI, Google, Huawei, Clustar, Sinovation Ventures and many other renowned enterprises and universities shared and discussed their findings and experience in FML as an emerging AI technology.

This workshop received 40 papers, of which 12 were presented during the workshop, 19 presented via poster. Awards include Best Theory Paper Award, Best Application Paper Award, Best Student Paper Award, Best Presentation Award. Selected high quality papers will be invited for publication in a special issue in the IEEE Intelligent Systems journal. All these attracted numerous scholars to engage in discussions and join efforts for building the FML ecosystem.

Experts from IBM and Google Share Groundbreaking Findings with a Focus on the Theory and Application of FML

Privacy and security are becoming a key concern in our digital age. On 25th May last year, the implementation of General Data Protection Regulation (GDPR) by the EU, the toughest Act on data privacy protection, stressed that user data collection must be open and transparent. A series of laws and regulations from China and overseas also pose new challenges to the traditional way of handling data and model for cooperation. Seeking ways for AI to adapt to this new reality became top priority, a demand that led to this workshop on FML.

A wealth of solutions and breakthroughs were shared by Dr. Shahrokh Daijavad from IBM and Dr. Jakub Konečný from Google in their speech on FML.

Besides how FML can help tackle challenges in the business world, Dr. Shahrokh Daijavad also shared the concept of Fusion AI, which means to train models on widely distributed data sets, but fuse them to produce one equivalent to what centralized training would yield. “Unlike traditional machine learning, in Fusion AI, model parameters are shared and data is not transferred, which makes Fusion AI model better than models that moving data centrally.” Given the widely distributed data, the development of Fusion AI and FML became ever important and imminent.

“FML enables machine learning engineers and data scientists to work productively with decentralized data with privacy by default,” said Dr. Jakub Konečný from Google. He also shared with us how FML works and its use cases at Google. In the case of Gboard, as on-device data is privacy sensitive or large or is more relevant than server-side proxy data, and labels can be inferred naturally via user interaction, the application of Federated RNN compared to prior n-gram model can increase the accuracy of next-word prediction by 24%, and the click rate of prediction strip by 10%.

Major Figure Panelists Discuss the Way Ahead for FML

The moderator of the panel discussion, AI Principal Scientist of WeBank Dr. Lixin Fan joined panelists including Professor Benny Pinkas from Bar-Ilan University, Dr. Shahrokh Daijavad of IBM Academy of Technology, Chief Architect of Squirrel AI Dr. Richard Tong, Research Scientist of Google Dr. Jakub Konečný, Dr. Baofeng Zhang from CTO Office of CBG Software in Huawei, Executive VP of Clustar Dr. Junxue Zhang, VP of AI Institute in Sinovation Ventures Dr. Ji Feng and other experts in a host of in-depth exchanges with attendees, to shed light on the way ahead for FML.

Experts shared thoughts in the panel discussion on questions including but not limited to: How to meet the security and compliance requirements? Is there a way to extend the value of data while observing user privacy and data security? Given the classic trade-off between data regulation and development of AI, how to achieve the long-term goal of establishing a stable and win-win business ecosystem?

List of Award-Winners

Best Theory Paper Award, Best Application Paper Award, Best Student Paper Award and Best Presentation Award selected by all attendees were announced at the closing of the workshop.

Best Theory Paper Award: 
Preserving User Privacy for Machine Learning: Local Differential Privacy or Federated Machine Learning? By Huadi Zheng, Haibo Hu & Ziyang Han;

Best Application Paper Award: 
FedHealth: A Federated Transfer Learning Framework for Wearable Healthcare. By Yiqiang ChenJindong WangChaohui YuWen Gao & Xin Qin;

Best Student Paper Award: 
Quantifying the Performance of Federated Transfer Learning. By Qinghe JingWeiyan Wang, Junxue Zhang, Han Tian & Kai Chen;

Best Presentation Award: 
Federated Generative Privacy. By Aleksei Triastcyn and Boi Faltings.

President of IJCAI, Chief AI Officer of WeBank Professor Qiang Yang, Chief Architect of Squirrel AI Dr. Richard TongandVP of AI Institute in Sinovation Ventures Dr. Ji Feng presented the awards.

“The mission of this International Federated Machine Learning Workshop is to facilitate further understanding in the academia, business community as well as legal and regulatory institutions by promoting the establishment of FML ecosystem in the hope that more businesses will join and build a platform for students aspired to work in FML to find research teams that suit them,” said Professor Qiang Yang.

Held Aug. 10-16, 2019 in Macao, China, IJCAI-19 is one of the leading International Academic Conference on AI, attracting over 3000 AI research personnel and experts. The 1st International Workshop on Federated Machine Learning (FML’19) was a highlight for experts joining this event. Visionaries in the academia and industrial sector expressed the willingness to be part of the effort for academic research, application of FML in the future, and the development and boom of AI ecosystem.

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