Insurance
Sompo Holdings delivered a robust set of third-quarter results for fiscal year 2025, posting a sharp increase in profitability driven by improved underwriting margins in its domestic property and casualty (P&C) business and sustained growth in overseas operations. Buoyed by lower-than-expected natural catastrophe losses and strong investment returns,
artificial intelligence
Tokio Marine Holdings (TMHD) has initiated a strategic collaboration with OpenAI, aiming to leverage generative AI technologies for the evolution of its business. TMHD aims to further integrate generative AI into various operational areas of Tokio Marine group, including contracts, inquiries, and document processing. This will help to enhance productivity
Insurance
Tokio Marine Holdings reported high growth for the fiscal year ending in March 2025. * Adjusted net income (excluding capital gains from sales of business-related equities) rose to JPY 608.9bn in FY2024, +JPY 27.9bn vs full year projections released in February (+6% YoY) mainly due to the positive impact
insurtech
Guidewire announced a $60 million investment over the next five years to expand its operations in Japan and accelerate the delivery of capabilities tailored to the unique needs of Japanese insurers. This investment will enhance Guidewire's platform, empowering Japanese insurers to drive profitable growth, increase business and IT