Provide Innovative Solutions
Initiavives in Providing Innovative Solutions
Going beyond merely paying insurance claims in the event of an emergency, we will leverage digital technologies and data while expanding domains in which we deliver value across both the insurance business and solutions business (encompassing disaster prevention and mitigation, mobility and decarbonization) in order to provide customers with products and services that lead to the prevention of emergencies, minimization of damage, speedy recovery and prevention of the recurrence of an emergency. We also intend to support corporate growth and economic development by implementing countermeasures against the new risks (including cyber risks) arising in step with the progress of digital innovation.
Related SDG Goals
Progress of Material Issues
Domain | Market size | Newly established company |
---|---|---|
Disaster prevention and mitigation | 1.5 trillion yen | Tokio Marine Resilience |
Mobility | 1 trillion yen | Tokio Marine Smart Mobility |
Decarbonization | 1 trillion yen | Preparatory company |
Healthcare | 1.7 trillion yen |
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*For details, see Sustainability Report 2024 p.20
Case Studies
Expanding the Solutions Business: Establishment of New Companies
In addition to the insurance business, Tokio Marine Group will promote the commercialization of solutions in multiple domains and aim to turn them into revenue pillars under the current Mid-Term Plan (from 2024 to 2026). To this end, we have established a new company in each of the disaster prevention and mitigation, mobility, decarbonization and healthcare domains to expedite the development of specific solutions.
Disaster Prevention and Mitigation
In 2023, we established Tokio Marine Resilience Co., Ltd. to engage in the disaster prevention and mitigation business. Toward creating a comprehensive disaster prevention and mitigation business, the new company will provide comprehensive solutions for disaster prevention and mitigation, encompassing all phases of the disaster prevention and mitigation value chain (assessment, preparedness, evacuation, recovery/reconstruction) and contribute to the building of a society resilient to disasters.
Mobility
In 2023, we established Tokio Marine Smart Mobility Co., Ltd. to engage in the mobility solutions business. The new company will deliver cutting-edge solutions for mobility-related societal challenges to contribute to the growth of customers and their higher operational efficiencies. These solutions are designed to reduce mobility, transportation and logistics risks and costs facing operators, improve working environments and enhance responsiveness to environmental issues and the trend toward autonomous driving.
Decarbonization
In 2023, we established a preparatory company. Toward realizing a decarbonized society, we will provide decarbonization management support services for small to medium-sized enterprises (SMEs) in Japan facing decarbonization challenges. Through these services, we will promote decarbonization by giving advice and guidance to these companies from the very beginning of their decarbonization efforts. As a future initiative, we plan to provide one-stop services for SMEs, including a concierge service on decarbonization and a service to supply renewable energy.
Healthcare
In 2023, we established a preparatory company. We will engage in business in the healthcare domain in response to serious, pressing societal challenges in an era of 100-year life, such as an increase in national healthcare expenditure, a decline in the working-age population and an extension of healthy life expectancy. As a future initiative, we plan to deliver new value to society by 1) developing businesses with a focus on the presymptomatic and prevention areas in healthcare, 2) building an ecosystem that improves health starting with health checks and 3) utilizing accumulated data.
News & Insights
Sustainability Reports & Publications
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Sustainability Booklet
Learn more about our Group's sustainability strategy and latest initiatives across material issues.
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TCFD Report
Learn more about our climate change initiatives in line with the TCFD recommendations.
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Sustainability Report
Learn more about our sustainability initiatives driven by our purpose.
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TNFD Report
Learn more about our biodiversity initiatives in line with the TNFD recommendations.
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Human Capital Report
Learn more about our approach and initiatives to maximize people's capabilities.