Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Tokio Marine Holdings Inc    8766   JP3910660004

TOKIO MARINE HOLDINGS INC

(8766)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Tokio Marine : Strategic Investment in Simplesurance.Inc

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/02/2018 | 02:07am EDT

October 2, 2018

Tokio Marine Holdings, Inc.

Strategic Investment in Simplesurance.Inc

Tokio Marine Holdings, Inc. (President and Group CEO: Tsuyoshi Nagano, "TMHD") has made a strategic investment through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co. Ltd. ("TMNF"), in Simplesurance, Inc. ("SISU"), a German Insurtech company. TMNF has also entered into a business alliance with SISU.

1.Background

In recent years the insurance market is rapidly changing and evolving at a speed faster than one can imagine. The advancement of AI and IoT (Internet of Things) is changing many things in our daily lives, society and industry as a whole and is leading to the development of digital technology in various areas of the insurance field. For example, research and initiatives have begun into using digital technology to make more efficient ways of purchasing insurance and insurance pay-outs faster.

The Tokio Marine Group, in its new mid-term business plan "To Be a Good Company 2020", will anticipate changes to customers' needs and the business environment and provide revolutionary products and services. Concurrently, we will create new touch points between our customers, agents and insurance companies through the use of new technologies. We aim to provide customers with more convenient and speedy services by utilising technology in all of our customer contact points and business processes.

Thus, taking this into consideration TMHD has decided to invest in SISU - a prominent European Insurtech company who has experience in creating technology that can be integrated into the websites or apps of EC companies, retailers, banks and other platforms that have many customers that allows for insurance to be sold easily. As a result, TMHD will now be able to utilise SISU's state of the art Insurtech throughout the Japanese and Asian market as SISU's strategic partner, providing its customers with more efficient ways to purchase insurance.

TMHD aims from here onwards to continue researching and developing cutting-edge Insurtech whilst creating a safe and secure society so that we can support its customers and society when they need us most.

2.Strategic objective of this investment

SISU is an Insurtech company that provides a platform throughout the entire of Europe that uses innovative technology at the checkout area of EC sites or apps that allows for customers to purchase insurance at the same time with a product in a one-stop process. SISU is said to be theleading provider with the most experience in this area and is currently bringing innovation to the EC market.

As SISU's strategic partner we will be able to use its technology and platform in order to speedily provide clients with tools that will allow them to easily sell insurance such as Overseas Travel Insurance and Personal Accident Insurance through their websites or apps. Our customers will benefit from our new hassle-free insurance application procedures that will allow them to easily purchase insurance at the same time as buying a product or service from an EC site without having to re-enter their personal details.

(We, TMHD, intend on providing this new fast application process to our customers as quick as possible, making insurance application processes more efficient all over the world.

In the warranty field, SISU has technology that allows for claims to be made via smartphone which comes with a fraud-detection system. Through our collaboration with SISU we will be able to utilise such cutting-edge technology in order to provide more of our customers with the high-quality services possible.

3.Overview of SISU

(1) Company Name

Simplesurance.Inc

(2) Registered Address

Berlin, Germany

(3) CEO

Robin Von Hein CEO

(4) Line of business

Insurance sales plug-in modules

(5) Major Shareholders

Rheingau Founders, Allianz, Rakuten etc.

(6) Number of employees

Approx. 150 (as of September 2018)

(7) Year of establishment

2012

A

Disclaimer

Tokio Marine Holdings Inc. published this content on 02 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 October 2018 06:06:07 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOKIO MARINE HOLDINGS INC
06/06TOKIO MARINE : Insurers merge as Tokio Marine Safety Insurance
AQ
05/15TOKIO MARINE HOLDINGS INC : annual earnings release
05/15TOKIO MARINE : HCC Announces Innovative Solution for Managing Air Ambulance Expe..
AQ
04/26TOKIO MARINE : Application for a Joint Venture General Insurance Company in Myan..
PU
04/15TOKIO MARINE : Synergy Professional Associates/ Tokio Marine HCC Professional Li..
AQ
04/10TOKIO MARINE : Management (Australasia) Pty Ltd Acquires the Bond and Credit Com..
AQ
04/01TOKIO MARINE : Acquisition of 100% ownership of US-based Managing General Agent ..
PU
03/27TOKIO MARINE : HCC Names Christopher Skarinka as President of its Public Risk Gr..
AQ
03/27TOKIO MARINE HOLDINGS INC : Ex-dividend day for final dividend
FA
03/25TOKIO MARINE : Announcement regarding the cancellation of shares held by the Com..
PU
More news
Financials (JPY)
Sales 2020 5 622 B
EBIT 2020 -
Net income 2020 327 B
Debt 2020 -
Yield 2020 3,90%
P/E ratio 2020 11,84
P/E ratio 2021 11,36
Capi. / Sales 2020 0,69x
Capi. / Sales 2021 0,68x
Capitalization 3 903 B
Chart TOKIO MARINE HOLDINGS INC
Duration : Period :
Tokio Marine Holdings Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKIO MARINE HOLDINGS INC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 6 442  JPY
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Tsuyoshi Nagano President. Group CEO & Representative Director
Shuzo Sumi Chairman
Yoshinari Endo Executive Officer & Manager-Financial Planning
Shigeo Inaba Group Chief Information Technology Officer
Kunihiko Fujii Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
TOKIO MARINE HOLDINGS INC6.74%35 626
THE TRAVELERS COMPANIES24.77%38 446
THE ALLSTATE CORPORATION23.61%32 235
SAMPO5.68%24 107
MS&AD INSURANCE GROUP HOLDING INC12.85%18 889
CINCINNATI FINANCIAL CORPORATION32.59%16 253