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June 19, 2020
A Swiss-Japanese endeavor for digital insurances
T
okyo (SCCIJ) –
LATEST NEWS
Zurich-based
digital health provider dacadoo AG has signed an agreement with the
June 19, 2020
A Swiss-Japanese endeavor for digital insurances
insurance giant T&D Holdings for the use of the Swiss technology in a “digital insurance business” in Japan.
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June 2020 May 2020 Millennial consumers T&D has positioned digital insurance as one of the new focus areas in
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its medium-term management plan “Try & Discover 2021 – Creation of Shared Value”. Under the digital insurance
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business strategy, the group pursues establishing a new customer base by offering products and services
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through “digital touchpoints” with millennial generation consumers.
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The Japanese insurer will offer dacadoo’s digital health solutions in a localized and customized version for the Japanese
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market and adapted to the culture with particular regard to consumers of the millennial generation.
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The collaboration will support a “wellness engagement” objective with this cohort.
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The Japanese side considers distributing the digital health solution to a wide range of healthconscious consumers
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through a partnership with providers in the wellness relevant space. T&D will develop insurance businesses
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leveraging the wellness platform as well. Also, the group announced to develop an alliance with providers in the wellness
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field.
October 2017 Motivating better health The Swiss start-up dacadoo offers digital
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health mobile platform solutions, including its iconic “Health Score” technology, to its insurance and enterprise
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customers around the world. This platform helps people live healthier, more active lives through
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a combination of motivational techniques from behavioral science, online gaming, and social networks, as well as artificial intelligence and automated coaching.
In June 2018, T&D had entered a Memorandum of Understanding for collaborations with dacadoo, given the potential of the dacadoo’s digital health technology to T&D. Since then, discussion over the collaboration in the Japanese digital insurance space continued and came to this agreement. One year earlier, dacadoo had completed a capital raise with Rakuten Capital, the investment arm of the Japanese e-commerce giant Rakuten, as the lead investor.
About the two partners
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dacadoo is a global technology company and innovative business partner that is driving the digital transformation in healthcare. Based on over 300 million personyears of clinical data, its patented, real-time Health Score makes health measurable for individual and enterprise customers. dacadoo’s technology is available in 13 languages, among them Japanese.
T&D Holdings from Tokyo is comprised of three core life insurers, Taiyo Life Insurance Company, Daido Life Insurance Company, and T&D Financial Life Insurance Company. Each core life insurer is deploying a unique business model with distinct target markets, sales channels, and products. The total assets of T&D were JPY 16,520 billion in March 2020.
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