1 Sompo Japan Nipponkoa’s IB Models in Insurance 17th February 2016 2nd Inclusive Business Forum for Asia Masao Seki Senior Advisor on CSR Sompo Japan Nipponkoa Insurance Inc.
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Sompo Japan Nipponkoa’s IB Models in Insurance
17th February 2016 2nd Inclusive Business Forum for Asia
Masao Seki Senior Advisor on CSR
Sompo Japan Nipponkoa Insurance Inc.
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Corporate Profile
Sompo Japan Nipponkoa Insurance Inc.
URL : http://www.sjnk.co.jp/
Headquarter : Tokyo, Japan
Office in Japan
Sales Agencies : 64,371
Employees : 27,144
Net Premium Written : 2,181B JPY (18.1B USD)
: Sales Offices : 676 : Claims Service Offices : 448
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ＳＪＮＫインドネシア
PGA ソンポ
ＳＪＮＫコンサルティングコリア
UIC
カナダ支店（トロント）
マリチマ
ＳＪＮＫメキシコ
本社
SJNK （英国他 6 カ国）
南米安田
損保ジャパンアメリカ
OJSC IC Allianz,NKSJDivision
グアム支店
プノンペン駐在員事務所
ヨハネスブルグ駐在員事務所
SJNK 再保険
キャノピアス
Sompo Holdings Regional Headquarters Sompo Holdings Branches Sompo Japan Nipponkoa Insurance
ＳＪＮＫコンサルティングコリア カナダ支店
Headquarters
SJNKヨーロッパ
SJNK再保険(スイス）
Sompo Japan Nipponkoa Insurance
Global Operation
Overseas Offices : 210 Cities in 32 Countries
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Issue : Draught in Thailand
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Solution : Weather Index Insurance
Indices ;
temperature, rain fall, snow cover, wind velocity, etc.
Designed to hedge the weather-related risks,
i.e. ;
volatility of profit and /or expenses due to weather fluctuations
Claims are paid based on the weather index
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Merits : Weather Index Insurance
- Cost saving ⇒ Affordable premium for farmers
No actual loss survey needed - and it brings advantages of;
- Time saving ⇒ Quick payment to farmers
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Thailand
Tilling
Transplanting Flowering Harvesting
Sowing
Pictures: Embassy of Thailand website, etc.
JBIC (Japan bank for
International Cooperation)
Sompo Japan Nipponkoa Group
BAAC Thailand （ Bank for Agriculture and Agricultural Cooperatives ）
Risk Financing Solutions towards draught for Thai Farmers, 2010 -
Farmers
Khon kaen
“Weather Index Insurance” in Thailand
8 Risk Financing Solutions towards Agricultural Producers, 2014 -
・ An insurance product for agricultural producers in the island of Mindanao in southern Philippines.
“Typhoon Insurance” in Philippines
・The first insurance for the damage of typhoon in Philippine insurance industry
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Enhance climate resilience against crop damage of 30,000 small-scale farmers in over three countries in Southeast Asia by 2025.
Our Future Objectives
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BCtA is a global initiative hosted at the United Nations Development Programme (UNDP), which promotes businesses aimed at achieving both commercial success and sustainable development.
Business Call to Action (BCtA)
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Availability of reliable weather data
Challenges, Difficulties
Low awareness of insurance
Local partners for distribution
⇒Collaboration with local stakeholders is the key
APPENDIX
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1992 Rio Earth Summit as Origin of our CSR
Established Dept. of Global Environment
Expansion Stage (1997 - 2004)
Global Stage (2005 - Present)
2002 Issued CSR Report 1999 Launched First SRI Fund 1998 Issued Environmental Report 1997 Acquired ISO14001 Certification
2009 & 2010 Recognized as Global 100 “Most Sustainable Corporations in the World”
Primary Stage (1992 - 1996)
2006 Signed the UN Global Compact & UN Principles for Responsible Investment (PRI)
2009 Developed “Weather Index Insurance” in Thailand
2013 Developed the Pacific Catastrophe Risk Insurance Pilot Program
The Group’s Brief CSR History
2012 Joined Rio+20
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2011 Principles for Financial Action for the 21st Century Sompo Japan Nipponkoa, participated in the draft of the principle PFA
1995
2006
2000
2012 Principles for Sustainable Insurance Approx.70 Insurance companies as Signatories Sompo Japan Nipponkoa, participated in the draft of the principle
UN PRI; Principles for Responsible Investment 1,111 Signatories Sompo Japan Nipponkoa, the first insurance company in Japan
UN GC; United Nations Global Compact 10,600 Signatories (Business Signatories; 7,000)
Our Engagement
PSI
World Business Council for Sustainable Development
Approx, 200 Corporate Members. Sompo Japan Nipponkoa, the only financial member in Japan
15 Towards a Resilient, Inclusive and Sustainable Society
The Group’s 6 CSR Material Issues
Providing Sustainable & Responsible Financial Services
Tackling Global Environmental Issues -Focusing on Climate Change (Adaptation & Mitigation)
Community Involvement and Development -Partnership with NGOs/NPOs
Disclosing Transparent Information
Respect Human Rights and Promoting the Development of Human Resource and Diversity
Providing products and services that contribute to security, health, and wellbeing
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Weather Related Loss Events in Eastern Asia
Source: Munich Re NatCatSERVICE
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“Pacific Catastrophe Risk” Insurance
Risk Financing Solutions towards Catastrophe Risk
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Caring for Climate / UNEP “Business and Climate Change Adaptation
UNEP “The Business Case for the Green Economy”
UNFCCC “Private Sector Adaptation Initiative”
WBCSD “Tackling Climate Change on the Ground”
Included in Many Case Books
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“How Should We Adapt to Climate Change Risks ?”
Published on March 2014
Sompo Japan Nipponkoa Environment Foundation
-Climate resilient society -Multi-stakeholder approach
Research on Advocacy for Climate Change Adaptation
Downloadable at :
http://sjnkef.org/about/english/all.pdf
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