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Introduction | Strategies to Realize the Group's Corporate Philosophy | Sustainability Management | ERM | Corporate Governance | Supplementary Materials and Corporate Data | 15 |
Strategies to Realize the Group's Corporate Philosophy
Growth strategy of the applicable Group Long-Term Vision
Strengthening of core business | Diversification and optimization of | |
business portfolio | SDGs management and | |
Upgrading capital management | Promoting integrated | |
Group management | creation of value |
- Business Portfolio
- Enhancement of the Group's Customer Base
- Domestic Life Insurance Business
- Household Market - Taiyo Life
21 SMEs Market - Daido Life
- Independent Insurance Agent Market - T&D Financial Life
- Closed Book Business - T&D United Capital
- Asset Management Business - T&D Asset Management
- Non-lifeInsurance Business - Pet & Family Insurance
- New Sector - All Right
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Introduction | Strategies to Realize the Group's Corporate Philosophy | Sustainability Management | ERM | Corporate Governance | Supplementary Materials and Corporate Data | 16 |
Business Portfolio
The Group is a life insurance group with the domestic life insurance business as its core business. In addition to strengthening our core business for sustainable growth, we are allocating capital to growing sectors, such as closed book business, in order to build a foundation for growth and
profitability outside of the domestic life insurance business.
The asset management and non-life insurance businesses will contribute to the enhancement of
the Group's corporate value by not only acquiring revenue, but also by serving as a starting point for the Group's collaborative asset management and the expansion of customer contact points.
In addition, in the new sector's area, All Right, which was established in September 2022, is working on the creation of new customer contact points using digital tools.
Growth potential
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New business
[New sector]
・Building a new customer base ・Strengthening Group Businesses
Value up | High growth |
Reinforcing sectors | Growing sectors |
[Asset management / non-life] | [Closed book, etc.] |
Pet & Family Insurance
・Manage Group's asset | ・Expand size and scale |
・Starting point for creating customer contacts | ・Enhance earning capacity |
・Recover capital |
Restructure
Consolidate
Withdraw
Allocate management resources
Pursue synergy ・Cost synergy, etc. | |
・Cross-sell, | ・Wise use of data |
【Independent insurance agent market】
・Move into profit, eliminate cumulative losses
Rebuilding the base
Increase values of | Allocate management resources |
the entire Group |
Core business (Life insurance)
Group's management base【Household/ SMEs market】
・Further develop the existing insurance business (new products/services) ・Increase investment yields (strategic shareholding, allocation)
・Bring in young generations to expanding customer contacts
Contribution to revenues
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Introduction | Strategies to Realize the Group's Corporate Philosophy | Sustainability Management | ERM | Corporate Governance | Supplementary Materials and Corporate Data | 17 |
Enhancement of the Group's Customer Base
Strengthening and enhancing our customer base by providing value that goes beyond life insurance
The three life insurance companies are deepening their existing business through the promotion of hybrid-style sales and further enhancement of their product lineup. Furthermore, through open innovation with partner companies using digital tools with a focus on All Right, we will create new
customer contact points and expand the Group's customer base by evolving and diversifying the value we provide and the customer contact points in response to the changing times and environment.
Enhancement of the customer base of insurancethree lifecompanies
Hybrid | sales using | Sma- | Strong | business model and | Expand the lineup of |
Hoken | and Infomercial | support | for resolution of | products | |
SME's issues |
Taiyo Life | Daido Life | T&D | |||||||||||
Financial Life | |||||||||||||
Policyholders | Corporate enrolled | Market share | |||||||||||
Approx. | million | companies | 40.1% | ||||||||||
customers | Approx. | 370,000 | (cashflow insurance) | ||||||||||
2.0 | |||||||||||||
companies | 10.8% | Establishing | |||||||||||
(bancassurance single-premium | the digital | ||||||||||||
insurance) | customer base | ||||||||||||
Customer acquisition through new actions
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Introduction | Strategies to Realize the Group's Corporate Philosophy | Sustainability Management | ERM | Corporate Governance | Supplementary Materials and Corporate Data | 18 |
Domestic Life Insurance Business
Establishing a business model with high uniqueness and specialization through market strategy integrating markets, channels, and products
The Group has three domestic life insurance companies under its umbrella: Taiyo Life, which specializes in the household market; Daido Life, which specializes in the SMEs market; and T&D Financial Life, which specializes in the independent insurance agent market. The Group's business model excels in that each of the three domestic life insurance companies specializes in a different market and brings its own uniqueness and expertise to the table.
In recent years, the companies have been advancing sales activities that integrate non-digital and digital technologies. Taiyo Life is expanding opportunities to approach customers by the promotion
of hybrid-style sales that utilizes information acquired through Sma-Hoken and other means. Daido Life is developing remote and digital technologies, expanding proposals and procedures without face-to-face contact, and providing centralized solutions through web services for SMEs.
Going forward, we will strengthen our business model and continue to build the top brand in each specialized market through the transformation of our sales activities and by providing optimal products and services that meet customer needs.
Taiyo Life | Face-to-face approach | Non-face-to-face approach | ||
Comprehensive | (approval base) | Sma-Hoken, infomercials | ||
In-house sales representa- | coverage including | Posting activities | ||
Household market | death benefit and | Hybrid-style sales | ||
tives | medical/nursing care | |||
products |
Utilization of digital infrastructure and various types of data
Daido Life | In-house sales representa- | Term life insurance/ |
SMEs market | ||
tives/Agents (tax accoun- | Disability | |
tants, etc.) | benefit insurance, etc. |
In-house sales representatives,
tax accountants, financial institutions
Face-to-face | Personal | Digital |
(in-person) | (remote) | |
Establishment and maintenance of approach utilizing digital technology and data
Enabling all policy procedures | Web services for SMEs | Integrated customer data |
to be completed without | platform construction | |
face-to-face contact | ||
T&D | Savings-type products (for- | Face-to-face consulting | meetings and other | |||||
Financial Life | Independent | eign-currency linked type in- | Online business | |||||
Independent | digital tools | |||||||
insurance agents | surance, variable insurance, | |||||||
insurance | (financial institutions, insur- | etc.)/ | Banks, securities | Insurance shops, etc. | ||||
agent market | ance shops) | Protection-type products | Independent | firms, etc. | ||||
(income protection insur- | insurance | |||||||
agents | Agents closely linked to | Door-to-door sales agencies | ||||||
ance, etc.) | financial institutions | |||||||
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Introduction | Strategies to Realize the Group's Corporate Philosophy | Sustainability Management | ERM | Corporate Governance | Supplementary Materials and Corporate Data | 19 |
Household Market - Taiyo Life (1)
To be a company
Provision of products and services that meet new needs
that supports healthy long lives of many customers
In May 2023, Taiyo Life welcomed in its 130th anniversary. In response to significant changes to the social environment, the company has always developed its business in accordance with society and customer needs. For example, in addition
Provision of industry-pioneering new coverage
Taiyo Life is constantly taking up the challenge of providing new products and services to respond to social changes and shifts in customer needs. To date, the company has unveiled many industry-pioneering products and services, such as Hoken Kumikyoku Best, a system that responds to diversifying customer needs by freely combining coverages, and Himawari Dementia Prevention Insurance to help people deal with dementia positively and live out their retirement years with peace of mind.
As we enter the age of one-hundred-year lives, we expect that customers' desire to live longer, healthier, and more energetic lives will continue to increase in the future. By leveraging its advanced product development capabilities, Taiyo Life will seize business opportunities and support the health and longevity of many customers by identifying new needs ahead of its competitors and promptly providing products and services that meet those needs.
to the conventional visits in pairs by in- house sales representatives, the company has developed "hybrid-style sales" that integrates face-to-face and non-face-to-face sales activities using digital technologies. We will continue to achieve further growth as a company that supports the health and longevity of our customers.
2008- | Customizable insurance | ||
2018- | Dementia insurance | ||
2021- | Cancer/ critical | ||
illness prevention |
Kaketsuke-Tai
Service
Visit Services
Upon the request of our customers, our in-house staff visit them to provide support related to the claim procedures for benefits, etc.
We will assist customers with the procedures to ensure that they receive their benefits and check that no claims have been missed
Taiyo Life Insurance Company Representative Director and President
Naoki Soejima
Director of T&D Holdings (part-time)
Joined Taiyo Life Insurance in 1981 and has been in current position since April 2019.
2022- | Simplified death insurance | |
2023- | Simplified cancer | |
diagnosis insurance |
Senior Visit
Service
One annual visit to senior customers
Support aimed at ensuring that customers claim all relevant benefits, etc., including explaining contract details to them and regularly checking whether they have been hospitalized or undergone surgery.
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T&D Holdings Inc. published this content on 03 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2023 07:16:05 UTC.