The risks facing society are becoming more diverse and more complex with every passing day. The World Economic Forum’s Global Risk Report 2019 showed that, in line with last year’s results, environmental risks are included in the top five risks in terms of both likelihood and impact. Concerns about data fraud and cyber-attacks ranked higher for the third year in a row, with many other technical vulnerabilities also being regarded as significant risks. Also in the survey results in relation to technology were concerns about the rising risks associated with fake news and identity theft as well as privacy infringements by corporations and governments.
Changes in lifestyles may have heighted the risk of outbreaks of infectious diseases. There are also potential risks arising from accidents that occur while using new technologies and from biological threats due to artificial factors. Revolutionary technologies do lead to dramatic progress, but at the same time they require careful management and precaution.
The MS&AD Insurance Group believes that forecasting, preventing, and suitably managing new risks is essential for stable livelihoods and dynamic business activities, and we will provide products/services that address these concerns as well as products/services that satisfy diversifying customer needs. Through examination and research in support of innovation, we will do our part in realizing a sustainable society and economic development.
Providing Information and Conducting Research and Studies on Diverse Risks
We offer information, research, and studies that are effective for identifying and assessing risks, including surveys on continuously evolving technologies and environment as well as research on the utilization of Big Data.
＜Principal Approaches＞
Provision of risk information/reports |
The magazine provides practical up-to-date reports and information on the risk management efforts of various companies and organizations, and offers preparation support for a variety of risks |
|---|
Joint research with universities |
Implementing efforts and support for the development and commercialization of advanced technologies through industrial-academic partnership agreements with universities engaged in cutting-edge surveys and research useful to the next generation |
|---|
Providing solutions to risks
With the progress of technological development, the impacts of climate change, aging population, and changes in the environment have diversified the risks we face. To prepare for new risks, risk assessment through reliable risk models and risk control based on the results is critical. Through consulting done by MS&AD InterRisk Research & Consulting, which is capable of advanced investigation and research functions as well as practical consulting, our Group provides risk preparation solutions.
List of consulting services offered by MS&AD InterRisk Research & Consulting
|
Provision of Goods/Services that Meet Risks
We offer products/services to cope with the changing customer needs due to diversifying risks and changes in the social environments.
＜Principal Products/Services＞
Responses to cyber risks |
・Group companies unfalteringly collaborate in the area of cyber risks to offer comprehensive services
Business partnership with an innovation organization in Israel (Japanese only) |
|---|
On-demand “1-day Leisure Insurance” |
In April 2018 we began offering the 1-Day Leisure Insurance, a policy that cover 24-hour periods, targeted for customer who want coverage in daily units and for obtaining coverage for leisure activities. |
|---|
Coverage on sharing businesses |
To help sharing businesses steadily develop, we have been working with the Sharing Economy Association, Japan to offer services to certified companies, products to vacation rental companies, and products/services to individual members who work in the sharing economy. |
|---|
Derivative products to cope with new strains of influenza |
In August 2018, we became the first insurance company in Japan to begin offering solutions to joint-stock companies capitalized at one billion yen or more to reduce their risks during major outbreaks of new types of influenza. |
|---|
Global Digital Hubs Opened
Our Group opened global digital hubs in Tokyo and Singapore to promote digitalization globally. The Tokyo hub was opened in April 2019 to encourage employees and agents to make greater use of digital technologies, while the Singapore hub was opened in February 2019 to support digital business approaches in various ASEAN countries.
MS Digital Academy Established
In July 2018, our Group joined with Toyo University’s Faculty of Information Networking for Innovation and Design (INIAD) to open the MS Digital Academy, a specialized training program, in order to foster industry-ready digital business creators and data scientists. Utilizing both the hardware and software resources of INIAD, we are looking to create opportunities that enable employees to acquire proficient skills in specialized knowledge and technologies.
