Tokio Marine Holdings has introduced the launch of a group-wide market intelligence platform to reinforce its collaboration with exterior firms.

This platform, launched in June, allows seamless sharing of data throughout the group, together with updates on search and scouting for potential enterprise companions and assembly minutes. The platform goals to enhance effectivity and streamline the method of figuring out and partnering with startup firms, notably within the fast-growing insurtech sector.

Recognising the worldwide progress and transformative potential of insurtech, Tokio Marine is actively searching for collaborations with insurtech firms to drive innovation and develop new insurance coverage merchandise, the corporate stated. Nevertheless, the shortage of a centralised data sharing system had beforehand led to duplication and inefficiencies, with totally different group firms unknowingly partaking with the identical startups.

To beat this problem, Tokio Marine co-developed the platform with Tällt Ventures, leveraging their Sønr Platform, which boasts a database of over two million firms with applied sciences related to the insurance coverage business. The platform allows seamless data sharing amongst group firms, making certain a extra coordinated strategy to figuring out potential enterprise companions.

Along with data sharing, the platform additionally presents options for efficient data administration. Customers can assign attributes and tags to exterior firms, facilitating organisation and categorisation. Moreover, every person has the flexibleness to customize their dwelling display to show related data, enhancing usability and comfort, Tokio Marine stated.

“The introduction of this method will permit us to concurrently facilitate company search and horizontal growth of collaboration,” the corporate stated in an announcement. “By leveraging the experience of our International Digital Innovation Labs, we intention to speed up open innovation all through the group.”

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