MS&AD Insurance Group Holdings, Inc., an insurance holding company, provides insurance and financial services worldwide.
Domestic Non-Life Insurance Business
The company’s domestic non-life insurance business is operated by the three subsidiaries and others in Japan, such as Mitsui Sumitomo Insurance Company, Limited (MSI); Aioi Nissay Dowa Insurance Company, Limited (ADI); and Mitsui Direct General Insurance Company, Limited (Mitsui Direct General).
MSI is exercising its capabilities to offe...
MS&AD Insurance Group Holdings, Inc., an insurance holding company, provides insurance and financial services worldwide.
Domestic Non-Life Insurance Business
The company’s domestic non-life insurance business is operated by the three subsidiaries and others in Japan, such as Mitsui Sumitomo Insurance Company, Limited (MSI); Aioi Nissay Dowa Insurance Company, Limited (ADI); and Mitsui Direct General Insurance Company, Limited (Mitsui Direct General).
MSI is exercising its capabilities to offer insurance and financial services worldwide. ADI leverages its relationships with the Toyota Group and the Nippon Life Group, and engages in business based on close relationships with local communities. Mitsui Direct General is a non-life insurance company that specializes in directly selling individual voluntary automobile insurance to customers through the Internet and phone calls.
Business Strategies: The company’s business strategies include leveraging diversity, realizing sustainable growth by addressing changes in business environment, and evolution of reorganization by function.
Domestic Life Insurance Business
The company’s domestic life insurance business is operated by the two subsidiaries and others in Japan, such as Mitsui Sumitomo Aioi Life Insurance Company, Limited (MSA Life) and Mitsui Sumitomo Primary Life Insurance Company, Limited (MSP Life).
As for domestic life-insurance companies, MSA Life mainly offers medical and nursing care, as well as death benefit and other protection-type life insurance products through cross-selling that utilizes agents of the company’s two core non-life insurance companies, and MSP Life offers asset building-type products that support life in retirement through over-the-counter sales at financial institutions.
MSI Life: MSI Life is a life insurance company that offers protection-type life insurance products, while leveraging the company’s marketing network and customer base.
MSP Life: Specializing in over-the-counter sales through financial institutions, MSP Life is a life insurance company that offers asset-building-type products centered on individual annuity insurance and whole life insurance.
Business Strategies: The company’s business strategies include leveraging diversity; expanding earnings backed by a rich lineup of insurance products by rapidly developing and offering competitive products that meet diverse customer needs and are in tune with changes in the social environment; and building a stable sales base by cultivating and diversifying sales channels and augmenting agent training.
International Business
The company’s international business is operated by international divisions of domestic non-life insurance subsidiaries in Japan, and overseas subsidiaries, including MS Amlin plc, and overseas branches of domestic non-life insurance subsidiaries in overseas countries.
The company has established a global network in 46 countries and regions to provide insurance products and services that meet various customer needs. In 2016, the company welcomed MS Amlin plc, a company with a global insurance business centering on the Lloyd’s insurance market in the United Kingdom.
MS Amlin plc: MS Amlin plc is an insurance holding company that comprises three core businesses?, such as Lloyd’s, Reinsurance and European Primary Insurance. The company is a major insurer that provides both insurance and reinsurance services worldwide.
MSIG Holdings (Asia) Pte., Ltd.: As an overseas regional holding company, this company supervises the company’s non-life insurance business in the ASEAN, Hong Kong and Oceania regions. As the non-life insurance group with facilities in all ASEAN countries, the company is making use of its solid business base to create further growth and expand locally rooted businesses.
Business Strategy: The company’s International Business aims to increase earnings by tapping into market growth based on diverse product and sales strategies that leverage its strengths in each business and region. As a growth driver for the company, the International Business aggressively pursues investment projects and global partnership strategies that contribute to sustainable growth.
Financial Services Business
The company’s Financial Services Business, including asset management, financial guarantees, 401k, ART (alternative risk transfer), personal finance, and venture capital finance, is operated by domestic non-life insurance subsidiaries, such as Sumitomo Mitsui Asset Management Company, Limited; Mitsui Sumitomo Insurance Venture Capital Company, Limited; and others.
In its Financial Services Business, the company offers various finance-related solutions and services that make use of its special strengths. The company is developing and providing various new financial products and services to address various customer needs, leveraging the range of its capabilities as an insurance and financial services group.
The company offers the following kinds of finance-related products and services:
ART Business: ART refers to techniques other than traditional insurance policies to transfer risks. ART entails the use of financial technologies and capital markets to provide risk solutions. ART products include derivatives and securitized risk products, with typical products, including weather derivatives and earthquake derivatives.
Defined Contribution Pension Business: The company encourages the spread of individual defined contribution pension plans (iDeCo), the demand for which has been increasing across society with declining birthrates and an aging population. The company also offers meticulous consulting services for introducing corporate defined contribution pension systems. The company intends to expand business as this market grows alongside revisions to laws and regulations.
Retail Financial Services: As a financial institution handling ‘Flat 35’ loans in cooperation with the Japan Housing Finance Agency, the company provides long-term, fixed-rate mortgages.
Asset Management Business: The company works through Sumitomo Mitsui Asset Management established in co-operation with Mitsui Sumitomo Group financial institutions to undertake the investment advisory business, the investment trust management business and other kinds of business. Sumitomo Mitsui Asset Management is one of Japan’s major asset management companies.
Venture Capital Business: Working through MITSUI SUMITOMO INSURANCE Venture Capital, the company makes investments in promising venture businesses and provide support for the growth and development of investee companies.
Risk-Related Services Business
The company’s risk-related services business, including risk management and nursing care business, is operated by InterRisk Research Institute & Consulting, Inc.; Mitsui Sumitomo Insurance Care Network Company, Limited; and others.
Risk-Related Services Business units provide various solutions worldwide in co-operation with the company’s units engaged in Insurance and Financial Services businesses.
The company provides non-insurance products and services to meet customers’ needs for risk solutions, such as risk management business, nursing care business, and assistance business.
Sales Channels
The company provides its products and services through cross-selling utilizing the agents of its two core non-life insurance companies and also other various sales channels, including financial institutions, professional life insurance agents, and direct sales employees.
History
MS&AD Insurance Group Holdings, Inc. was founded in 1918.