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Tsukasa MakinoManager IT Planning Department & Corporate Planning Department,
Tokio Marine & Nichido Fire Insurance Co., Ltd.Visiting Professor at Tsukuba and Kyushu University
Analyze and enhance customer experience using mobile technologies and data analysis
©Tokio Marine & Nichido
First of all..
• Our deepest condolences and sympathies for those lost or suffered in the Great East Japan Earthquake
• Our sincere appreciation for the best wishes, donations, rescue operations and assistances from all over the world
©Tokio Marine & Nichido 3
Death: 16,103
Missing : 4,746
Completely Destroyed houses: 110,826
Half Destroyed houses: 134,379
Partly Destroyed houses: 134,379
Fukushima Dai-ichiNuclear Plants(30km)
Epicenter
225km
Tokyo
Kyoto
As of 2011-07-28 15:00
Overview of the Great East Japan Earthquake
©Tokio Marine & Nichido
Large earthquake insurance payments in the past
Source: Japan Earthquake Re-iInsurance
Area Date
East Japan 2011/3/11 758,209
1 Hanshin Awaji 1995/1/17 78,300
2 Hiroshima-Ehime 2001/3/24 16,900
3 Fukuoka 2005/3/20 16,900
4 Niigata 2004/10/23 14,900
5 Niigata 2007/7/16 8,200
6 Fukuoka 2005/4/20 6,400
7 Hokkaido(Tokachi) 2003/9/26 6,000
8 Iwate-Miyagi 2008/6/14 5,400
9 Shizuoka 2009/8/11 4,500
10 Iwate-Miyagi 2008/7/24 3,900
Claims Paid (million yen)
©Tokio Marine & Nichido
Tokio Marine & Nichido’s support for the disaster area
• 8,800 in accumulation TMNF employees were assigned to Tohoku area as support staff from the branches across Japan.
• Additional 1,800 terminals were deployed for support staff.• 190 terminals were delivered to the agencies who lost their
terminals in the earthquake and tsunami.• Three “Mobile Office” equipped with agency terminals and
wireless modems to help agencies continue their business.• Vehicles, gasoline, oil and countless materials were sent.
©Tokio Marine & Nichido
Technologies and BPR helped us a lot
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Thin Client
Mobile
Standardization
Paperless
Cashless
Video Conference
©Tokio Marine & Nichido
Appreciation from customers and agencies
• We were motivated by receiving a lot of “thank you” voices and mails from our customers and agencies for our quick actions and warm-hearted help.
• We leaned that even if the customer’s policy doesn’t cover the loss and we couldn’t pay claims, customers will appreciate if we hear their voice sincerely with sympathy.
©Tokio Marine & Nichido
What we could have done differently
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Less paper!
More simple and flexible system operation
More telework
Mobile devices
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IT for DisasterPreventionSupportRecovery
©Tokio Marine & Nichido
Safety system for “Shinkansen “(Bullet Train)
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All trains stopped automatically before the seismic wave reached to them.
No trains were damaged or derailed, and no injuries.
The railroads suffered severe damages.
I I I I III I I I I I I III I
©Tokio Marine & Nichido
Earthquake Early Warning System
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Earthquake Warning!
Give the warning automatically several seconds before the seismic wave comes to site.
Earthquake Warning!
The Meteorological
Agency
©Tokio Marine & Nichido
Road recovery map
Gather driving record data from car navigation systems and plot on the map. This shows which road has recovered.
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Mobile Technologies: Providing a New Customer Experience
©Tokio Marine & Nichido 14
About Tokio Marine & Nichido
3) Distribution System
HQBranch(125)
Branch(435)
Agencies(46,932)
Independent CarDealer
Tokio Marine & Nichido
Post office
Etc..
• Automobile• Superinsurance(Non-life+Life)• Homeowners• Injury, Sickness• Travel, Leisure
• Kid’s• Saving Type• 401k• Mutual Fund• Life
�Established in 1879 (131 years old)
�Total Assets:US$87 Billion�Net Premium Written:US$16 Billion�Employees: Domestic:17,000, Overseas:16,000 (As of Aug.2010 1$=90Yen)
Bank
1) Profile
2) Product Lines
©Tokio Marine & Nichido
Today’s Topics
• Changes in environment• How to be innovative• Insurance distributed by mobile phone
� Sales Analysis� New products
• Technology Background and the Future
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©Tokio Marine & Nichido 17
Changes in competition environment
Competition within insurance industry took place in the closed arena, where size was the dominant power.
Traditional insurance companies
New entrants
Competition with new entrants might take quite different shape
©Tokio Marine & Nichido 18
e-Ticket
Active Poster
Reader
FingerprintRecognition.
e-Wallete-Pass
Golf Swing
Analysis
Car Navigation Karaoke withskill rating
Giga-pixelCamera
Train Timetable
FaceRecognition.
Travel Insurance
Mobile Phone Technology & Serviceusing mobile phones, you can do almost anything
QR codeReader
FaceResemblance
Check
DigitalTV
Earthquake early warning
Fishing game
GolfInsurance
Credit card
ExerciseAnalysis
Sports &LeisureInsurance
Location aware
coupon
©Tokio Marine & Nichido
SALE
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People carry mobile phones anytime, anywhere(Mobile phone as a sensor)
Commuter train
Station
Jogging
Home
Supermarket Shopping
Restaurant
Office
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How to be innovativeUnleash your mind
©Tokio Marine & Nichido 22
Eye dropsEar pick
((((Example ))))
Auto focus
News, Stock priceTimetable
Auto translator(Voice or Caption)
e-Mai readerSmiley
Digital camera/ Movie
Train pass,Electronic Money
Movie/music player, TV
Auto sunglass
GPSnavigation
Pulse, Temperature, Blood Pleasure
monitor
Mobilephone
Iris identification
Eyeglass: What functions would you like to implement?
Forget the Technical restrictions, Common sense!, and Insurance
©Tokio Marine & Nichido 23
Eye dropsEar pick
((((Example ))))
Auto focus
News, Stock priceTimetable
Auto translator(Voice or Caption)
e-Mail readerSmiley
;;;;
Digital camera/ Movie
Train pass,Electronic Money
Movie/music player, TV
Auto sunglass
GPSnavigation
Pulse, Temperature, Blood Pressure
monitor
Mobilephone
Iris identification
Eyeglass– What functions would you like to implement?
©Tokio Marine & Nichido 24
Refiner(Analysis)
Advancer (Communication)
Executor(Materialize)
" Killer Ideas" not “Idea Killers”
Advancer ExecutorCreator Refiner
Ideas by Mr. Allen Fahden, Innovation Network
Creator(Innovation)
•Good at making ideas•Doesn’t like detailed work.
• Good at communication.• Spreads good ideas
within company and makes consensus.
• Good at analytical thinking. • Finds a lot of errors and
omissions within ideas.• Good at carrying
out the actual work
From Keynote Speech, ISO tech 2005Refiner Executor
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Insurance distributed by mobile phone(One Time Insurance )
©Tokio Marine & Nichido
docomo “One Time Insurance”
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Available whenever and wherever, just for the days you need insurance
From application to payment, all you need is your mobile phone
Automatic suggestion, when and where you are in need of insurance
Point 1
Point 2
Point 3
Short term, affordable and easy-to-buy injury insurance distributed by mobile phones
On market since April, 2010
©Tokio Marine & Nichido
Provide innovative and competitive “High Quality Services” and chosen by customers.
Fusion of assets and know-how
Provide innovative services throughout alliance with business partners, using the advantages of mobile phone technology.
Comprehensive business alliance agreement
17 million customers 55 million customers
Provide mobile phones which support daily activity as an infrastructure
Provide insurance services which provide "relief and safety“ to the daily life
Make our society more confortable and convenient
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©Tokio Marine & Nichido
Products and conditions
Product Coverage(Economy Type) Premiums
Sports and Leisure
・Death & Residual disability・Hospital expense・Liability ・Rescuer's Expenses ・Baggage
¥3.25m¥4,500¥20m¥0¥0.1m
¥300(Two days One Night)
Golf
・Casualty・ Liability・ Golf Clubs・Hole in One
¥2m¥30m¥0.1m¥0.3
¥300(Two days One Night)
Domestic Travel
・ Death & Residual Disability・Hospital expense・ Liability・ Baggage
¥3.25m¥4,500¥20m¥0.1m
¥300(Two days One Night)
Overseas Travel
・ Loss of Life from Injury ・ Residual disability from injury・ Medical & Rescue Expenses・ Loss of Life from illness・ Liability・ Baggage
¥0¥0¥5m¥0¥10¥0.1m
¥980(One day~)
©Tokio Marine & Nichido 29
Overseas travel insurance
Travel Guide
for illustrative purposes only
©Tokio Marine & Nichido
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Ski insurance
for illustrative purposes only
©Tokio Marine & Nichido
Products and conditions
Product Coverage(Economy Type) Premiums
Sports and Leisure
・Death & Residual disability・Hospital expense・Liability ・Rescuer's Expenses ・Baggage
¥3.25m¥4,500¥20m¥0¥0.1m
¥300(Two days One Night)
Golf
・Casualty・ Liability・ Golf Clubs・Hole in One
¥2m¥30m¥0.1m¥0.3m
¥300(Two days One Night)
Domestic Travel
・ Death & Residual Disability・Hospital expense・ Liability・ Baggage
¥3.25m¥4,500¥20m¥0.1m
¥300(Two days One Night)
Overseas Travel
・ Loss of Life from Injury ・ Residual disability from injury・ Medical & Rescue Expenses・ Loss of Life from illness・ Liability・ Baggage
¥0¥0¥5m¥0¥10¥0.1m
¥980(One day~)
©Tokio Marine & Nichido
Golf Insurance (Hole in one coverage)
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Congratulations!
In Japan, if you made a “Hole-in-One”, you have to host a party to celebrate your accomplishment and give out commemorative gifts at YOUR OWN EXPENSE!($3,000~$5,000)
©Tokio Marine & Nichido
Application Process
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HOMESelect
ProductEnterPIN
ConfirmPersonal
Info
Declaration ConfirmApplication
End ofProcess
Example: Golf Insurance
InputPlaying date, Select Type
All you have to input is these three items!((((PIN, date of birth and playing date ))))
©Tokio Marine & Nichido
“Auto GPS” Function (Position-aware active recommendation)
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You’ve arrived at Narita Airport. Would you like me to arrange a travel insurance?
Golf insurance is available from Y300 a day!
Enjoy Skiing?Ski insurance covers injury, indemnity, damage or theft of your gear from Y300 a day
Good day!Please beware of heat attack.Insurance for protecting your day on the beach from ¥300
©Tokio Marine & Nichido
How it works
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To make sure the user is at the target location,mobile phone waits about 10 minutes before it displ ays the recommendation
©Tokio Marine & Nichido
How it works
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Mobile phone monitors the owner’s activities for one month and determines where to recommend insurance to its owner
©Tokio Marine & Nichido 37i
Issues solved by mobile devices: micro & mobile insurance
�Transaction�Time stamp�Location�Identification of insured�Authentication�Payment
for Sporadic, Simple and Short term insurance
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Sales Analysis
©Tokio Marine & Nichido
Sales Volume
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3.11Earthquake
Started selling atthe end of April
VacationSeason
Promotion
©Tokio Marine & Nichido
Peak time of application: Golf Insurance
Early Morning of the playing day
Late evening of the previous day
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©Tokio Marine & Nichido 45
Tweets about One-time Insurance
Hole-in-one expense is covered by Golf insurance. If you feel lucky today, consider it!
Looks nice for a short trip.
Nice idea!
Looks convenient. Hope the plans are easy to understand
You can buy insurance 24/7. It’s innovative!
Wow! Looks handy!! Amazing that an old traditional insurance company launches such an innovative product!
It’s nice to synchronize geographical position and insurance service.
This is good. Clear scope and easy operation.
Sounds fairly convenient. Anytime, anywhere concept
©Tokio Marine & Nichido
What we get from “One Time Insurance”
• Explored new needs for existing insurance products.
• Explored new insurance sales opportunity.• Got customers’ insurance purchase behavior
pattern data.• Established “Cool” and “Advanced” image for
both NTT docomo and Tokio Marine & Nichido.
New Products
47
©Tokio Marine & Nichido
Medical Insurance
• Exclusive for NTT docomo “Premier Club” members.• Can be purchased via mobile phones.
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On the market from July 21, 2011
©Tokio Marine & Nichido
Medical Insurance: Plan and Premium
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Basic Three MajorDisease
Lady’s
Expense for injury, sickness
More coverage for cancer, apoplexy, acute M
More coverage for Lady’s specific diseases
Hospitalization(per day, max 60 days)
¥5,000 ¥5,000 Lady’s¥10,000Others¥5,000
Operation(according to the type of operation)
¥50,000 ¥100,000 ¥200,000
¥50,000 ¥100,000 ¥200,000
¥50,000 ¥100,000 ¥200,000
Advanced Medical - ¥3,050,000 ¥3,050,000
lump-sum for serious disease
- ¥1,000,000
Lady’s plastic surgery(according to the type of operation)
- ¥100,000¥200,000
Premium(monthly、starting from)
¥820~ ¥1,120~ ¥1,170~
©Tokio Marine & Nichido
Medical Insurance
• Grant 150 “docomo point※” a month (maximum) according to the daily workout and diet.
※Can be used to buy goods, repair services etc., (100point=¥100)
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Walk(5points/day)
Jog(5points/day)
Dietary Note(1point/day)
Walk more than 10,000 steps
Jog more than 30 minutes
Record daily diet more than two times a day
On the market from July 21, 2011
©Tokio Marine & Nichido
One day auto insurance
• ¥1000/day (incl. automobile physical damage)• ¥500/day (indemnity, driver/passenger injury)•
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• For those who don’t own a car and drive seldom by borrowing his/her friend’s or parent’s car.
• Can be purchased via mobile phones.• Grant maximum 20% discount for those who
switched to annual policy.
On the market from Oct, 2011
Plan Basic Automobile coverage
Premium ¥500/day ¥1,000/day
Liability (bodily injury and property)
Unlimited Unlimited
Driver/Passenger injury
¥10 million(lump-sum¥100,000)
¥10 million(lump-sum¥100,000)
Liability for borrowed car damage
- ¥3 million(¥50.000 deductible)
©Tokio Marine & Nichido
One day auto insurance background
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Young generation who has driver’s license and doesn’t own a car(16million)
Drive parents’ car frequently (and covered by parents’ auto insurance)(9million)
Drive parent’s or friend’s car once a month in average (7million)
Have an intention to own a car within a year(0.7million)
Market
Objectives• Cultivate auto insurance market in younger generation• Reduce the accident caused by non-insured cars.• Provide more opportunity to drive cars to younger generation
©Tokio Marine & Nichido 53
Support our customers’ daily lifeusing mobile technologies
Our Goal
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Technology Background and
the Future
©Tokio Marine & Nichido 55
Non-Web
Japanese national project “Information Grand Voyage”
Location Purchasehistory
Audiovisual Healthcare
Next generation search & analysis engine
Info-Plosion
Innovation & new value creation
Web
Websites
Blogs, SNS Databases
Pictures,Movies,Music
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
Initiated by METI (Ministry of Economy, Trade and Industry)
©Tokio Marine & Nichido
Sensor Network
SNS as sensorsBody sensors
Road sensors
Automobile sensors
Mobile phonesas sensorsField sensors
©Tokio Marine & Nichido
More detailed data may change auto insurance rating
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Age
Age
Violation record
Mileage
Claims Record
Gender
Purpose of vehicle
Vehicle type
Vehicle type
Area
ABS/Airbag
Low emission
AccurateMileage
Speed
Hour/day
AccelerationDeceleration
Ordinaryinsurance
RisksegmentedInsurance
Activity based insurance(Pay as you Drive)
©Tokio Marine & Nichido 58
More detailed data may enablefast, fair and objective claims settlement
Engine rev
Speed
Brakes
Airbag
Drive recorders
Ordinaryinvestigation
Gravity Seat belt
-----------------------------------------------------------------------------------------------------------------------------
On-site investigation after the accident
Real-time recording by camera and black-box
©Tokio Marine & Nichido
More detailed data may change life insurance rating
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Heart rate
Blood pressure
Miles run or walked
Weight
RisksegmentedInsurance
Ordinaryinsurance
Age
Fitness
Gender
SmokingHabit
Age
Gender
Activity based insurance(Pay as you live)
Blood-sugar level
©Tokio Marine & Nichido 60
Structured Data
We have been dealing with very limited information
Claimsform
Feedbackform
ApplicationForm
MarketResearch
Marketing
Underwriting/Rating
How thecustomer
drives
Claims
How the accidenthappened
Filter & Convert
How is the customer’s health
condition
Real Information
Karte
What the customer wants/
thinks/ feels
©Tokio Marine & Nichido 61
We have to deal with real and huge information to create valueMarketing
Underwriting/Rating
How thecustomer
drives
Claims
How is the customer’s health
condition
What the customer wants/
thinks/ feels
Real Information
Analyze&Create Value
Heart rate
Blood pressure
Miles run or walked
Weight
AccurateMileage
Speed
Hour/day
AccelerationDeceleration
Engine
Speed
Brakes
Airbag
Gravity Seatbelt
Blogs
TwitterAmazon
YouTube Mixi
What the customer is doing
How the accidenthappened
SALE
©Tokio Marine & Nichido
AnythingAnytimeAnyplace
Any amount
Partnershipbeyond imagination
How to be “Selected” among the “cloud”
Breathtaking business model
Emancipation of“Digital Slaves”
Geological position, schedule, contacts, music, shopping record,
train pass, airline tickets…everything
“Just now, just for you, just here” information
Sensors on human bodies
Sensors in automobiles
Sensors in mountains, rivers
and lakes
Sensors in town
Emancipation of“Corporate Slaves”
“We” are smarter than “Me”
“Crowd beats many professional talents
Exchange value without money
Revest of individual power Collaboration beyond
the barriers of companies and organizations
Sensor Network Crowdsourcing
Cloud Computing Mobile Device
Far powerful thanThe “CLAY-1”
We are smarterthan me
Change the world
Overwelming power
“Unleash the talents of individuals
Information 33 times larger than that of the web world
iPad2!
Social Network
Smart Technologies
Smart Grid
Smart Share
Smart City
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Thank You!