Tokio Marine Group

Earlier this month, the Tokio Marine Group Leadership Institute hosted the first off-site of its Rasen Program partnering with IMD in Switzerland. Rasen is a multi-module Global Executive Program that brings together 25 top leaders representing regions from across the Group. Through interactive sessions, simulations and world-class content the participants developed their skills and built new connections all while getting the chance to enjoy the great atmosphere and environment of Lausanne. The next and final face-to-face module will be held at our Head Office in Tokyo in October, and we are looking forward to welcoming our participants from across the world. #TokioMarineGroup #InspiringConfidenceAcceleratingProgress #Insurance #IMD #LearningandDevelopment

✨𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬!✨ We are thrilled to announce our new strategic collaboration with Tokio Marine Group! 🌍🤝 Tokio Marine Group is a global insurance leader with subsidiaries and affiliates in more than 46 countries. They excel in non-life insurance, life insurance, and financial services. Driven by a commitment to support clients in their moments of need, Tokio Marine emphasizes trust and customer-centricity. 💼🌟 With their unparalleled expertise and extensive global reach, Tokio Marine Group will enhance the Swiss InsurTech Hub's mission by expanding our innovative spirit beyond the Swiss market. This collaboration will offer even more valuable networking and collaboration opportunities within the global insurance ecosystem. 🚀🔍 𝐎𝐮𝐫 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧: By combining the strengths of Tokio Marine Group and Swiss InsurTech Hub, we are positioned to drive even greater innovation in the insurance space. Our collaboration will pave the way for fresh ideas and collaborative ventures that will benefit the global insurance industry 🌐💡 𝐊𝐞𝐲 𝐆𝐨𝐚𝐥𝐬: ♦ Accelerate digital transformation in insurance. 📈💻 ♦ Foster innovation through partnerships. 🤝✨ ♦ Create a thriving ecosystem for startups and established players. 🚀🏢 Join us in welcoming our sponsors Tokio Marine Group on this incredible journey! 🎉👏 Daljitt Barn, Silvia Signoretti, Sharan Kaur, Brijesh Luthra, Pawel Konieczniak, Anna Nevano, Roberta Profeta, Jacqueline Barth, Paolo Meciani, David Sebastio, Alessandro Paoli, Massimo Michaud, Massimiliano Rijllo, Jennifer Schofield, David Schofield, Daniel Translateur

Robert Pick, Group Deputy CITO for Tokio Marine Group and EVP & Chief Information Officer at Tokio Marine North America, has appeared on The Insuring Cyber Podcast, hosted by Carrier Management.   In a lively conversation, Bob discussed some of the recent tech developments in the industry, ways that Tokio Marine is using technological solutions to prevent risk and the benefits of IoT technology in insurance.   Touching on risk mitigation, Bob said: “It may not be the technical solution that provides the answer, but it can provide a backdrop of collective insight that we, as a company, can bring to our policyholders and use to collaborate with other industries.”   The full episode is available here: https://lnkd.in/eaYzYfNc

“Everybody wins, when you prevent losses”    In his keynote discussion with Brooke Masters, Finance Editor at the Financial Times, at the inaugural Global Insurance Summit, Tokio Marine Group’s Co-Head of International Business, Brad Irick, expanded on Tokio Marine’s strategy for growth in the US and globally, discussing the Group’s ambitions to increase its presence in both developed and developing markets. At the event, he stressed the vital role insurance plays in boosting resilience, supporting risk mitigation and the need to help businesses and communities build back better when disaster strikes.  #TokioMarine #InspiringConfidenceAcceleratingProgress #resilience  

Tokio Marine Holdings’ Co-Head of International Business, Kichiichiro ‘Kit’ Yamamoto, recently sat down with Louise Isted at Insurance Day to discuss the Group’s international growth strategy across key markets, including Asia and Africa. While M&A will play an important role in this expansion, Kit explained the Group's three principles behind a successful acquisition: cultural fit, high profitability, and a solid business model. He also highlighted that one of the Group’s strengths was its ‘federated model’ allowing each business to maintain its unique competencies and flourish in the market where they operate while also leveraging the global network of the group. To read the full article, please click below https://lnkd.in/efgMdRXS

Earlier this month, the insurance industry gathered for the Financial Times' first-ever Global Insurance Summit. Convening senior market practitioners from across the industry, alongside investors, policymakers and opinion leaders, the event sought to drive forward the debate on some of the key issues affecting our future. The event opened with the Lord Mayor of the City of London, Michael Mainelli, and during his speech he acknowledged Tokio Marine’s role in advancing space insurance.    During the summit, Brad Irick, Co-Head of International Business, joined Brooke Masters, Finance Editor at the FT for a lively conversation in which Brad discussed the increasing impact of natural catastrophes, such as flood, wildfire and severe convective storm. He noted that over the past decade, over half of Tokio Marine’s Cat losses have come from so-called “secondary” perils, with Brad highlighting his own personal experience of their impact. Tokio Marine Group’s Co-Head of International Business also spoke about the insurance industry’s critical role to serve as a shock absorber against these threats and its responsibility to take the risk off people, customers, and companies to serve society. 

Last week, Mina Kajiyama of Tokio Marine Holdings facilitated a session on “Bringing resiliency to the Asia-Pacific -The Role of Disaster Risk Financing and Insurance” along with three guest speakers at #UR24 Himeji Event. Although multiple disaster risk financing and insurance(DRFI) initiatives are in place worldwide, protection gap is still issue a substantial issue across the globe. Given the differing circumstances of economies across the Asia-Pacific and beyond, the session addressed how we can advance progress around DRFI and how we can better understand the unique needs of each country. The main takeaways from the session were the growing need for DRFI to counter the ever-intensifying threat of natural disasters, recognizing the existing public and private sector DRFI platforms, the necessity to build a stronger DRFI system by fully understanding each other’s capabilities and challenges and finally the importance of the inter-agency collaboration. These type of events and the discussions that take place at them are critical to find the optimum approach to addressing the increasing volatility and intensity of disasters we face.

Masaaki Nagamura, Fellow, International Initiatives at Tokio Marine Holdings, recently spoke with InsuranceERM to discuss the Taskforce on Nature-related Financial Disclosures (TNFD) framework. The conversation covered why Japanese companies are leading the way in TNFD framework adoption as well as how the Group is preparing for a sustainable future by integrating nature into its own strategic planning and approach to business risks and opportunities. Read the full article here: https://lnkd.in/gmX3Sqx3

We are very pleased to have the opportunity to participate in and host a session during the “Understanding Risk Global Forum UR24” to be held in Himeji, Japan next week. https://lnkd.in/dtfMUzgE We are looking forward to seeing people there and having the opportunity discuss around the optimal approach to the most critical issues we face. Overview of UR “The Understanding Risk (UR) community emerged in 2010 to acknowledge the cross-sector nature of disaster risk assessment. Over time, it has evolved into a thriving global network of over 20,000 experts and practitioners from over 200 countries and 4,600 organizations dedicated to generating, communicating, and utilizing disaster risk information.”

Following Brad Irick's keynote discussion, Laila Khudairi, Head of Cyber and Enterprise Risk at Tokio Marine Kiln joined an expert panel at the FT’s Global Insurance Summit hosted at the historic Guildhall. In a stimulating discussion, moderated by the FT’s Breaking News Editor, panellists discussed the insurance industry’s pivotal role in building cyber resilience and how it is tackling new and emerging threats. Laila highlighted the importance of understanding the increasingly sophisticated behaviour of cybercriminals, and described the tools underwriters are using to help insureds defend themselves against attacks. Laila said, “Looking back at the history of the market, we were one of the first insurers to offer standalone cyber insurance. We have seen the risk market evolve at pace, with criminal actors becoming increasingly sophisticated and successful. Attacks on suppliers are becoming more prevalent as the defences of large businesses are improving. “Partnering with insureds is the best way to help them improve their posture and navigate the game of cat and mouse with threat actors. We’re working with insureds through the underwriting process to highlight their risk exposures, for example where they have open ports, which didn’t happen five years ago. Insureds and insurers must collaborate and continue to invest in cybersecurity as without this protection businesses are effectively leaving their doors open and inviting attacks.” #TokioMarineKiln #TokioMarineGroup #FTInsurance #Cyberresilience