GA technologies, Tokio Marine & Nichido, and Finatext start offering built-in fire insurance within RENOSY, a real estate marketplace for investment
~ First in the domestic real estate and insurance industry*1 to provide fire insurance for investment real estate buyers with embedded insurance ~
GA technologies Co., Ltd. GA technologies Co., Ltd., Ltd. (Director Executive Officer: Ryo Higuchi, hereinafter "GA technologies"), Tokio Marine & Nichido Fire Insurance Co., Ltd. (Director: Shinichi Hirose, hereinafter "Tokio Marine & Nichido") Finatext (Representative Director CEO: Akane Kinoshita, hereinafter referred to as "Finatext") has jointly created a system that allows users to apply for and enroll in built-in fire insurance on an online investment real estate service, the first of its kind in the domestic real estate and insurance industries. Developed. It will be available from May 2023 for investment real estate buyers on the online real estate marketplace “RENOSY” operated by GA technologies.
"RENOSY" operated by GA technologies and Finatext's SaaS-type digital insurance system "Inspire" *2 will be linked via API, and "Inspire" will be equipped with fire insurance for individuals provided by Tokio Marine & Nichido. As a result, users of “RENOSY” can apply for fire insurance online, and can complete online procedures from Real estate investment consideration to insurance arrangements.
1. Background of joint development
With the advancement of technology and the spread of online business models, the attitudes and processes of customers who purchase products and services are undergoing major changes. Under these circumstances, embedded insurance, which incorporates insurance products into products and services provided online and provides them as a single product or service, is attracting attention as a highly convenient mechanism for purchasing insurance.
Buyers of investment real estate often need to purchase fire insurance when receiving loans for purchasing real estate. We have received needs such as "I want to purchase fire insurance efficiently and efficiently."
Under these circumstances, in order to meet the needs of buyers of investment real estate, GA technologies, which is promoting the efficiency and digitization of procedures related to Real estate investment, and Tokio Marine, which provides insurance products and services utilizing digital technology, Nichido and Finatext, which provides the SaaS-type digital insurance system “Inspire” that enables the development and sale of online complete insurance and embedded insurance, will collaborate to provide an online service for purchasers of investment real estate. We jointly developed a system that allows people to take out fire insurance.
2. About built-in fire insurance
Through the collaboration of GA technologies, Tokio Marine & Nichido, and Finatext, we have realized embedded fire insurance for real estate investment services for the first time in the domestic real estate and insurance industries. By providing this product, it will be possible to provide a seamless customer experience online, which is expected to improve customer convenience and reduce the risk of missing procedures.
■ Flow of subscribing to built-in fire insurance at RENOSY (image)
3. About the future
GA technologies, Tokio Marine & Nichido, and Finatext will continue to leverage their respective strengths to advance initiatives to meet the needs of the world.
*1: Industry first: Survey GA technologies Co., Ltd., Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., and Finatext Co., Ltd.
*2: “Inspire” refers to a SaaS-type digital insurance system provided by Finatext Inc. Please refer to the service page for details. https://finatext.com/solution/industry/inspire/
*Company names and product/service names mentioned in this press release are registered trademarks or trademarks of their respective companies.
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