Reinsurance / Insurance
Reinsurance / Insurance
Reinsurance is the “insurance of insurance.” It is a mechanism in which risks insured by an insurance company are insured, in full or in part, under a policy issued by another insurance company.
For our corporate customers, we propose optimized insurance solutions from the perspective of integrated risk management.
Our services for
reinsurance and insurance are
targeted at the following customers
Businesses that wants to reduce
A company is reviewing its earthquake insurance policy with the intention of reducing insurance premiums.
Businesses that cannot afford to take out
insurance because insurance premiums
are too expensive
A company wants to procure earthquake insurance but cannot do so because of the high costs of premium payments.
Enterprises planning to use insurance
as a marketing tool
A company wants to offer extended warranties or similar additional services, together with some products or services they want to sell, with the intention of utilizing such warranty services as a marketing tool.
Enterprises that want to hedge
A company wants to properly hedge the risk of liability and cyber risk in IT-related business with insurance.
Earthquake insurance (for a large manufacturing company)
We reviewed the coverages under the existing earthquake insurance policy and its underwriting conditions and exhaustively compared and analyzed conditions offered by multiple reinsurers. Then, we recommended the customer to procure a different insurance policy under equivalent conditions. As a result, the company reduced more than one million yen in its premium payment every year.
Cybersecurity insurance (for an IT-related company)
Due to the expansion of its client base and the increase in the lineup of services offered, the customer faces increased risks of being held liable to pay damages in the course of its IT-related business.
Most insurance products offered by Japanese insurance companies are inflexible and some of them cover unwanted risks. But, we were able to find and arrange an insurance policy that adequately covers the company's risks.
Moreover, the company decreased its premium payment from the initially expected amount based on the estimates that the company got from other insurance companies prior to our services.
Extended warranties (for a major loan company)
Following the expiration of the car manufacturer's warranty, the company wanted to offer warranties to its clients purchasing and owning a car for a certain period of time. By developing products for offering such extended warranties through the use of reinsurance, the company has succeeded in adding value to its brand and differentiated itself from its competitors. Sales also drastically increased.
Optimization of optional coverages under a reinsurance contract
The conditions for optional coverages under the existing reinsurance contract were becoming a disadvantage for the primary insurer. We examined past records concerning such optional coverages and reviewed their conditions. We, then, were able to propose modified conditions that are preferable for both the insurer and reinsurer.
Services for Reinsurance and Insurance Services
When taking out insurance, checking existing insurance coverages, or searching for insurance products for particular risks, we ask for our customers' thoughts to properly understand, analyze and assess the risks they face. Based on our assessment, we then
propose a risk distribution strategy, marketing ideas, or other solutions optimized for the particular business.
There are cases when it is more advisable to retain potential risks, rather than taking out insurance. Our services are intended to achieve integrated risk management, either with or without insurance solutions.
Close examination of coverages under existing insurance contracts
Our reinsurance or insurance specialists will scrutinize your existing insurance contracts and analyze insurance payment by the actuarial cost method.
Assessment of a company's risk management framework
Our services are not only limited to insurance. We work heavily on understanding your risks in an integrated manner. This gives us a wide variety of solutions to offer such as our information systems or the use of captive insurance.
Choosing insurance products offered by domestic and foreign insurers worldwide
Our strength of having a local and global network allows us to introduce a wide array of insurance products or plans that can help any business choose the right match for their needs.
Proposing risk distribution or transfer strategies using insurance and reinsurance
Our proposals for risk distribution or transfer are backed by our expertise in reinsurance and insurance and global network.
Contract administration and settlement with foreign reinsurers
After the signing of reinsurance contracts, our reinsurance and insurance specialists will undertake contract administration, payment, and settlement operations with foreign reinsurers.
Insurance products advisory
Business risk insurance
We can offer insurance products tailored to each business. This includes, compensation in connection with the customer’s property or construction projects, compensation for absence from work, liabilities to related parties or third parties, and compensation for industrial accidents.
Commercial Earthquake insurance
Commercial earthquake or fire insurance covers loss or damage to buildings, factories, offices, facilities, equipment, and other property owned by the enterprise that may be caused by fire, explosion or blowout resulting from earthquake or volcanic eruption, or caused by damage, burial on land, or washout resulting from tsunami, flood, or other water disasters.
Cybersecurity insurance and general liability insurance for IT-related risks
Cyber attacks targeting enterprises have been increasing in recent years. Cybersecurity insurance covers loss or damage caused by cyber attacks, costs for investigations, liabilities to related parties or third parties, lost profits, business interruption risks, and other risks that are not covered by ordinary property insurance.
Extended warranties (product warranty can be insured and provided as an extended warranty)
Extended warranty insurance covers your liability for defects or failures in products for a certain period of time after the manufacturer's warranties expire.
Trade credit insurance
This insurance is to pay insurance proceeds to cover damages when your receivables from a business partner become uncollectible because of its bankruptcy or for any other reason.
Directors and officers liability insurance (D&O insurance)
D&O insurance covers economic loss suffered by an enterprise when any of its directors or officers is held liable to pay damages in connection with their execution of duties.
Other customizeable insurances
We can arrange a wide variety of insurances offered by domestic or foreign insurers to be customized for a business' specific risk.