SOMPO: Diversifying Insurance Business
Aired: Apr. 23, 2020
Insurance companies are best known for car and fire coverage, but their business environment has been seeing more diverse services change their conventional image. Examples include farming insurance, research on autonomous driving systems, big data analysis, and management of nursing facilities. This segment features a company’s strategy and new challenges in a rapidly changing society.
It was interesting to watch new technologies being developed now in Japan. How a car can be driven remotely in case the driver gets into an accident and can no longer drive; or the use of satellite images to receive data for agriculture management and providing high technology to support the health care system especially those in the nursing homes. Truly, Japan is the pioneer on these technologies.
From the Philippines
In this segment, we can see how companies that have mainly dealt with insurance are trying to find other holes in the market that can be filled and evolved in step with the times, focusing more on hi-tech efforts. It is very interesting to see how they are facing this situation from the research and development point of view.
It was mind-blowing to think that someone from support assistance could take control of your car remotely to help you - it's amazing to see how far technology has come! Not only that, but the fine tune agricultural data and a simple sheet under the bed to keep track of patients sounded outerworldly.