Nippon Life

MHI Concludes Nissay Positive Impact Finance Agreement

Retrieved on: 
Friday, February 9, 2024
Health, Carbon, MHI, UNEP, Policy, Sustainable Development Goals, Partnership, Growth, Climate change, United Nations, Principle, ESG, R&I, UNEP FI, Nippon Life, UN, Environment, Productivity, Economic development, Risk management

TOKYO, Feb 9, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a Nissay Positive Impact Finance (Note1) agreement with Nippon Life Insurance Company (Nippon Life) (contract amount: JPY 6.0 billion yen).

Key Points: 
  • TOKYO, Feb 9, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a Nissay Positive Impact Finance (Note1) agreement with Nippon Life Insurance Company (Nippon Life) (contract amount: JPY 6.0 billion yen).
  • Positive Impact Finance (PIF) is a loan intended to provide continuous support for corporate activities while comprehensively analyzing and evaluating the impacts (both positive and negative) that those activities have on the environment, society, and the economy, based on the Principles for Positive Impact Finance and implementation guidelines formulated by the United Nations Environment Programme Finance Initiative (UNEP FI).
  • The Principles for Positive Impact Finance, formulated by the UNEP FI in January 2017, is a financial framework for achieving SDGs.
  • (1) Nissay Positive Impact Finance is ESG-themed investment provided by Nippon Life.

EQS-News: DWS Returned to Net Inflows in 2023 Supported by all Three Pillars – Passive including Xtrackers, Active and Alternatives

Retrieved on: 
Monday, February 5, 2024
Nippon Life, Flow Traders, Management, Asset, EUR, Partnership, Annual, Alternatives, FY, ETF, DWS Group, Insurance, Growth, Balise, PES, Environment, Passive, DWS, Supervisory board, ESG, Research, Investment, Real estate, ETP, Om, AGM, CIR, Sale, Film industry

Net flows ex Cash of EUR 1.8bn in Q4 resulting in EUR 22.6bn in FY 2023 (including Cash EUR 11.0bn in Q4 2023, EUR 28.3bn in FY 2023), supported by all three pillars – Passive including Xtrackers, Active and Alternatives.

Key Points: 
  • Net flows ex Cash of EUR 1.8bn in Q4 resulting in EUR 22.6bn in FY 2023 (including Cash EUR 11.0bn in Q4 2023, EUR 28.3bn in FY 2023), supported by all three pillars – Passive including Xtrackers, Active and Alternatives.
  • Supported by all three pillars – Passive including Xtrackers, Active and Alternatives – DWS recorded net inflows (ex cash) of EUR 22.6 billion.
  • The adjusted Cost-Income Ratio at 64.0 percent in 2023 comfortably meets DWS’ outlook of below 65 percent for 2023.
  • Total net inflows in 2023 were mainly driven by Passive including Xtrackers and supported by Cash, Active (ex Cash) and Alternatives.

Ten Years After Launch, True Link Has Helped 250,000 Families Through Financial Challenges of Aging, Disability, Mental Health and Addiction

Retrieved on: 
Tuesday, August 22, 2023
Technology, Health, Finance, Consumer, Apps, Applications, Banking, Asset Management, Professional Services, People with Disabilities, Mental Health, Software, Other Consumer, Fintech, Seniors, Life, Fifth Third Bank, Disability, ABLE, Ageing, Nippon Life, Trust, Khosla Ventures, Y Combinator, Initialized Capital, Amnesia, Addiction, Fraud, True Link, Insurance, Transpose

97% of customers would recommend True Link to a friend.

Key Points: 
  • 97% of customers would recommend True Link to a friend.
  • Founded in 2013, True Link’s mission is to increase the independence and well-being of the vulnerable aging, people with disabilities, those recovering from addiction, and the people who care for them.
  • And really, I couldn't believe that it was true.”
    Every year, True Link helps prevent approximately $175M in fraud and unwanted purchases for our customers aged 60+.
  • Over the decade since we launched, we have saved our customers an estimated $7.4 million in check cashing fees.

Hitachi: Commencement of Joint Studies on Business Initiatives Towards the Development of Sustainable Finance

Retrieved on: 
Thursday, May 25, 2023
Hitachi, Communication, Insurance, Disclosure, Eye, Nippon Life, Environment, MUFG Bank, Sumitomo Mitsui Banking Corporation, Cryptocurrency, Renewable energy, Online shopping, ESG

In this manner, we will conduct studies jointly towards formal launch of the services in the future.

Key Points: 
  • In this manner, we will conduct studies jointly towards formal launch of the services in the future.
  • ESG investment has been expanding rapidly in recent years against the backdrop of a growing interest in ESG (Environment, Social, and Governance).
  • This will support the expanding ESG investment and market and contribute to the development of a healthy market.
  • The association will verify the usefulness of the platform and promote joint examinations towards the formal launch of the services.

International Insurance Society Appoints 12 Industry Luminaries to Executive Council

Retrieved on: 
Tuesday, July 25, 2023
Professional Services, Insurance, Thought Leadership, AXA, Risk management, Stonebridge International Insurance Ltd, IIS, Chubb, Research, Digital Connectivity, Hilton Singapore Orchard, Nippon Life, Wellness Corporate Solutions, Council, Artificial intelligence, Mar Thoma Syrian Church Diocese of North America & Europe, Knowledge, Region, PIC, Conference, Management, Sales

Andreas Berger, chairman of the International Insurance Society’s Executive Council , has announced the appointment of 12 leading insurance executives to the IIS Executive Council, effective Aug. 1, 2023.

Key Points: 
  • Andreas Berger, chairman of the International Insurance Society’s Executive Council , has announced the appointment of 12 leading insurance executives to the IIS Executive Council, effective Aug. 1, 2023.
  • The Council provides strategic guidance to the International Insurance Society (IIS) in alignment with its mission to serve as a platform for the global insurance and risk management community, providing knowledge, research, and thought leadership to support the betterment of society.
  • “The world economy is facing several challenges, so it is beneficial for our industry to have a platform like the one IIS provides, which facilitates open dialogue around risk management and other critical topics for the insurance industry,” said Berger, who also serves as the CEO of Corporate Solutions for Swiss Re.
  • “Inclusivity is core to the IIS mission,” said Josh Landau, IIS president.

AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates

Retrieved on: 
Friday, June 9, 2023
Consulting, Professional Services, Insurance, Finance, Communication, AM Best, MSU, ALL, ERM, Return on equity, Uniloc USA, Inc. v. Microsoft Corp., Credit, ADIC, Nippon Life, Risk, FSR, MSI, ADI, Superior, AM, Toyota, Growth, Long-Term Capital Management, Seemabaddha, News, Risk management, Bank, Limited

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).
  • AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan).
  • These companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major non-life insurance group based in Japan.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Nippon Life Selects H2O.ai to Transform Its Insurance Business With Machine Learning and Improve Customer Health

Retrieved on: 
Wednesday, May 3, 2023
Technology, Insurance, Fitness & Nutrition, Professional Services, Software, Internet, Health, Data Management, Artificial Intelligence, Cloud, AT&T, Partnership, University, Document AI, Chief of Policy and Plans Department, University of California, San Francisco, Health promotion, Intelligence, Document, Forecasting, Algorithm, Heel, Machine learning, News, Automation, Data science, Medical device, Nippon Life

H2O.ai , the AI Cloud leader, today announced a strategic partnership with Nippon Life Insurance Company, also known as Nissay in Japan.

Key Points: 
  • H2O.ai , the AI Cloud leader, today announced a strategic partnership with Nippon Life Insurance Company, also known as Nissay in Japan.
  • Specifically, the companies are announcing a partnership where Nippon Life Insurance Company will deploy H2O Driverless AI tools to better meet the needs of their policyholders, improve financial soundness of corporate health insurance unions and support health promotion and disease prevention.
  • “AI is transforming the trillion dollar healthcare insurance industry, both the businesses themselves and the care they facilitate,” said Sri Ambati, CEO and founder of H2O.ai.
  • “By helping Nippon Life advance their AI initiatives and create better customer experiences, the end result is literally, healthier people.

EQS-News: Q1 2023: DWS Returns to Net Inflows

Retrieved on: 
Friday, April 28, 2023
Om, CIR, Research, Nippon Life, Asset, DWS Group, Management, Alternatives, Growth, ESG, DWS, Lithium, Film industry, Commercial property, Video game, EUR, Q1

ESG funds attracted net inflows of EUR 1.4bn in Q1

Key Points: 
  • ESG funds attracted net inflows of EUR 1.4bn in Q1
    AuM increased to EUR 841bn in Q1 mainly driven by market developments and net inflows (Q4 2022: EUR 821bn)
    Adjusted revenues at EUR 610m in Q1 (Q4 2022: EUR 634m; Q1 2022: EUR 689m), down 4% q-o-q among other things due to lower performance and transaction fees than normal given the current market environment and down 12% y-o-y
    Adjusted costs at EUR 404m in Q1 (Q4 2022: EUR 380m; Q1 2022: EUR 410m), up 6% q-o-q as the previous quarter included a favorable one-off effect and down 1% y-o-y
    Adjusted profit before tax at EUR 206m in Q1 (Q4 2022: EUR 254m; Q1 2022: EUR 279m), down 19%
    In the first quarter of 2023, DWS returned to net inflows.
  • Net new assets in Active, Passive including Xtrackers and ESG [1] products enabled the company to generate net inflows ex Cash of EUR 8.8 billion.
  • Adjusted profit before tax dropped quarter-on-quarter by 19 percent to EUR 206 million in Q1 2023 (Q4 2022: EUR 254 million; Q1 2022: EUR 279 million).
  • Net income was down 26 percent year-on-year (Q4 2022: EUR 107 million; Q1 2022: EUR 186 million).

Nippon Life to Commit Further $1 Billion in Resolution Life, Following Strategic Partnership with Blackstone

Retrieved on: 
Tuesday, January 24, 2023
Professional Services, Finance, Growth, Insurance, Nippon Life, Partnership, Blackstone, Resolution, Acquisition, Financial services

Resolution Life today announced that Nippon Life Insurance Company (“Nippon Life”) has agreed to invest an additional commitment of $1 billion in Resolution Life -- a leading global life and annuity insurance consolidation business -- following the recently announced strategic partnership between Resolution Life and Blackstone.

Key Points: 
  • Resolution Life today announced that Nippon Life Insurance Company (“Nippon Life”) has agreed to invest an additional commitment of $1 billion in Resolution Life -- a leading global life and annuity insurance consolidation business -- following the recently announced strategic partnership between Resolution Life and Blackstone.
  • Having invested $650 million so far, this additional $1 billion commitment from Nippon Life is expected to bring their cumulative investment to $1.65 billion.
  • Nippon Life believes that the strategic partnership between Resolution Life and Blackstone will accelerate the growth and development of Resolution Life.
  • Resolution Life and Blackstone plan to raise $3 billion of new equity capital for Resolution Life – including this additional $1 billion investment from Nippon Life and a $500 million strategic investment from Blackstone – which is expected to bring the company’s overall equity capital base to c.$8 billion.

Pantheon Welcomes Four New Partners, Announces Global Promotions to Enhance Long-Term Growth Capabilities

Retrieved on: 
Monday, January 23, 2023
Finance, Business, Professional Services, Asset Management, Insurance, Equity, LLP, Financial Conduct Authority, Guernsey Financial Services Commission, NYSE, HR, AMG, Capital Dynamics, Foreign direct investment, Internal audit, Partnership, Nippon Life, Financial Industry Regulatory Authority, Institute of Internal Auditors, Investment advisory, Pantheon Ventures, Risk, Growth, Risk management, Social responsibility, KLFB, Organization, United Kingdom, Security (finance), Affiliated Managers Group, Private equity, Sale, 3i, Culture, Securities and Futures Commission, Type, Partner, Private credit, Akitoshi, Senior, Management, Cryptocurrency, Financial services, Financial adviser, Dean

The fourth new Partner is Dean Maines, who has joined Pantheon as Chief Financial Officer.

Key Points: 
  • The fourth new Partner is Dean Maines, who has joined Pantheon as Chief Financial Officer.
  • Dean oversees our finance group, with a focus on leading Pantheon’s accounting, financial reporting and internal controls to support the execution of our growth strategy.
  • Dean leads Pantheon’s global finance group, with responsibility for ensuring that our accounting, financial reporting and internal controls support the ongoing execution of our growth strategy.
  • Pantheon Ventures (Guernsey) Ltd and a number of other Pantheon entities incorporated in Guernsey are regulated by the Guernsey Financial Services Commission.