SBI Insurance Group

Basic Information

Stock Code
7326
Industry
Insurance
Category Detail
Insurance
Prefecture
Tokyo
Establishment Year
December 2016
Listing Year
September 2018
Official Website
https://www.sbiig.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
SBI Leasing, eXtreme, Japan Mortgage S, SOMPO Holdings, Anicom Holdings, MS&AD Insurance Group Holdings, Tokio Marine Holdings

Overview

SBI Insurance Group is an insurance holding company of the SBI Group established in 2016, centering on life/non-life insurance and short-term small-amount insurance businesses to provide a diverse range of insurance services.

Current Situation

SBI Insurance Group recorded consolidated net sales of approximately 109.3 billion yen and ordinary income of approximately 8.2 billion yen in the fiscal year ended March 2024, maintaining a stable business foundation. Its core life and non-life insurance business offers a variety of products such as auto insurance, cancer insurance, and fire insurance, expanding its market share. In the short-term small-amount insurance business, it provides earthquake compensation, pet insurance, and insurance for the elderly, differentiating itself from competitors. Since 2018, it has promoted innovation through investments in Germany's ELEMENT Insurance Company and business alliances with Sumitomo Mitsui Card, along with aggressive overseas expansion and digitalization. It also focuses on sustainability, fulfilling social responsibilities by strengthening business continuity plans (BCP) and expanding disaster insurance. In 2023, it strengthened its pet insurance-related business, nurturing it as a pillar for future growth. Moving forward, it aims for medium- to long-term profit expansion by improving customer convenience through digital technology and expanding its product portfolio.

Trivia

Interesting Facts

  • It is the holding company overseeing the SBI Group's insurance operations and was established relatively recently in 2016.
  • It has invested in a German online insurance company and is actively expanding overseas.
  • It emphasizes pet insurance business and owns multiple related short-term insurance subsidiaries.
  • It has established the Osaka Business Center as the industry's first BCP reinforcement base.
  • It has formed a capital and business alliance with major telecom company Hikari Tsushin to expand sales network.
  • It is advancing strengthened online insurance sales through alliance with Sumitomo Mitsui Card.
  • It owns multiple subsidiaries that consolidate short-term small-amount insurance operations.
  • Its head office is located in Izumi Garden Tower in Roppongi, Tokyo.
  • It has paid-in capital of approximately 8.3 billion yen and 24.8 million issued shares, providing a stable capital base.
  • As of the fiscal year ended March 2024, it has 913 consolidated employees and 15 standalone, maintaining a lean management structure.
  • Successfully strengthened non-life insurance products through alliance with Aioi Nissay Dowa Insurance.
  • Diversified customer touchpoints by promoting digitalization such as online sales.
  • Strong collaboration with financial services within the group yields high synergy effects.
  • It is a growth company that listed on the Tokyo Stock Exchange Growth Market in a short period after establishment.
  • Parent company SBI Holdings owns more than half of the shares.

Hidden Connections

  • Builds business on a jointly invested company with Aioi Nissay Dowa Insurance, collaborating with the Toyota-affiliated non-life insurance network.
  • Alliance with Sumitomo Mitsui Card promotes strategic cooperation for digital fusion of financial and insurance businesses.
  • Leverages the abundant financial assets and customer base of parent SBI Holdings for diversified expansion.
  • Owns multiple pet insurance subsidiaries, providing unique deployment capabilities in pet-related insurance.
  • Investment in Germany's ELEMENT Insurance AG serves as a foothold in the European market.
  • Establishment of Osaka Business Center strengthens insurance sales and business continuity in the Kansai region.
  • Capital and business alliance with Hikari Tsushin aims to improve performance through sales channel expansion.
  • Synergies with parent SBI Group's securities, banking, and other financial services are the source of market superiority.

Future Outlook

Growth Drivers

  • Development of digital insurance products and expansion of online sales
  • Market share expansion in the high-growth pet insurance sector
  • New product development in earthquake and disaster compensation
  • Customer base expansion through deeper alliances with financial groups
  • Aggressive investments and sales channel development in overseas markets
  • Increased demand for medical and nursing care insurance responding to aging society
  • Growing demand for BCP-compliant solutions
  • Introduction of AI and big data-based risk management technologies
  • Improved customer experience for policyholders
  • Expansion of ESG-compliant products
  • Business efficiency and cost reduction through new technology adoption
  • Expansion of short-term small-amount insurance for niche markets

Strategic Goals

  • 10-fold expansion of customer base centered on digital platforms
  • Achieve over 20% domestic market share in pet insurance
  • Expand overseas business sales to over 10% of group total
  • Achieve over 30 billion yen in annual sales from new insurance products
  • Develop and promote insurance products contributing to solving environmental and social issues
  • Maximize group synergies and build efficient management structure
  • Strengthen risk management including BCP to industry top level
  • Build diverse sales channels and promote omni-channel strategy
  • Implement talent development programs to enhance employee diversity and expertise
  • Provide insurance services with over 90% customer satisfaction

Business Segments

Corporate Insurance Services

Overview
Provides comprehensive insurance products and services to corporations across a wide range of industries.
Competitiveness
Diverse insurance product lineup through group synergies and strong digital sales capabilities
Customers
  • Financial institutions
  • Insurance agencies
  • Corporate welfare officers
  • Retail businesses
  • Real estate management companies
  • Auto dealers
  • Medical institutions
  • Pet-related companies
  • Logistics companies
  • Construction companies
  • IT companies
  • Government agencies
Products
  • Group credit life insurance
  • Corporate auto insurance
  • Welfare insurance plans
  • Earthquake compensation products
  • Disaster risk management
  • Pet business insurance
  • Rental housing fire insurance
  • Medical insurance packages
  • Accident response support services
  • Customer management systems
  • Online insurance sales platforms
  • Risk analysis tools

Insurance Technology Solutions

Overview
Provides advanced digital solutions to the insurance industry to support business efficiency improvements.
Competitiveness
Deep expertise in insurance operations and product development capabilities through group collaboration
Customers
  • Insurance agencies
  • Financial groups
  • Technology vendors
  • Startup companies
  • Marketing companies
  • Data analysis companies
  • Software development companies
  • Corporate think tanks
  • Customer support centers
  • IT infrastructure companies
Products
  • Online insurance application systems
  • Customer data management tools
  • Risk assessment models
  • AI chatbots
  • Insurance product design support tools
  • Mobile app development
  • Customer behavior analysis software
  • Premium calculation platforms
  • API integration services
  • Security solutions

Overseas Insurance Business Support

Overview
Supports the expansion and investment of insurance businesses in global markets.
Competitiveness
Strengths in multi-country regulatory compliance and R&D
Customers
  • Overseas insurance companies
  • International financial institutions
  • Multinational corporations
  • Overseas investors
  • Reinsurance companies
  • International insurance marketplaces
  • Overseas customer management companies
Products
  • Global insurance network
  • Overseas investment and subsidiary support
  • Overseas risk assessment models
  • Reinsurance contract support
  • Multi-currency insurance contract management
  • International regulatory compliance support
  • Overseas customer analysis systems

Competitive Advantage

Strengths

  • Strong business foundation from the SBI Group
  • Diverse insurance product lineup
  • Sales capabilities leveraging digital technology
  • Robust short-term small-amount insurance network
  • Growth strategy in the pet insurance market
  • Customer base expansion through alliance with Sumitomo Mitsui Card
  • Business continuity framework focused on BCP
  • Active investments in overseas insurance companies
  • Strong customer database
  • Customer touchpoints through diverse channels

Competitive Advantages

  • Improved cost competitiveness through synergies within the SBI Group
  • Broad insurance services including short-term small-amount insurance
  • Advanced online insurance sales platform
  • Product development capabilities appealing to a wide customer base
  • Market expansion through collaboration with capital-allied companies
  • Customer trust gained through unique BCP enhancement measures
  • Rapid product improvements using digital technology
  • Sophisticated risk management systems
  • Early development of niche market insurance products
  • Track record of entering the global insurance market

Threats

  • Stricter regulatory environment in the insurance industry
  • Increased disaster risks due to climate change
  • Intensifying competition from new entrants
  • Evolving cyber security threats
  • Pressure on investment income from low interest rates
  • Declining profitability due to stronger customer price sensitivity
  • Fluctuations in insurance demand due to demographic changes
  • Risk of increased payouts from frequent natural disasters
  • Political and economic risks in overseas operations
  • Challenges in keeping up with rapid advancements in digital technology

Innovations

2023: Online insurance alliance with Sumitomo Mitsui Card

Overview
Strengthened sales channels by partnering with a major financial group in the online insurance business.
Impact
Significantly contributes to customer base and sales expansion

2022: Strengthened business alliance in pet insurance sector

Overview
Advanced expansion of pet insurance sales through collaboration with Pet Sherju.
Impact
Successfully expanded market share in pet insurance

2020: Opened Osaka Business Center to strengthen BCP

Overview
Established SBI Life Osaka Business Center to enhance business continuity planning.
Impact
Contributes to improved disaster measures and business continuity

2023: Made Japan Home Shield's short-term insurance subsidiary

Overview
Acquired Sumikatsu Short-term Insurance as a subsidiary to strengthen short-term insurance.
Impact
Enables expansion into new risk insurance fields

Sustainability

  • Strengthened disaster response capabilities through business continuity plans (BCP)
  • Implemented health promotion support programs via pet insurance
  • Promoted reduction of paper resources through digital services
  • Participated in social contribution activities in collaboration with financial groups
  • Developed community-based insurance products considering regional revitalization