Latest news with #MS&ADInsuranceGroup
Business Wire
12-05-2025
- Business
- Business Wire
Mitsui Direct Accelerates Transformation of Claims Operations by Migrating to Guidewire Cloud Platform
TOKYO & SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire announced that Mitsui Direct General Insurance Co., Ltd. (hereinafter "Mitsui Direct"), a direct-channel non-life insurance company and member of the MS&AD Insurance Group, selected Guidewire ClaimCenter on Guidewire Cloud Platform to streamline IT operations, respond quickly to market changes, and further improve customer service. This is the first cloud migration of ClaimCenter in Japan. Guidewire Senior Vice President and Managing Director, Asia-Pacific, Shaji Sethu commented, "We commend Mitsui Direct for their decision to migrate to Guidewire Cloud Platform in order to achieve further growth in the future, and drive improved operational productivity and efficiency while providing their customers with the best digital experience. Drawing on our experience with a variety of global clients, Guidewire will continue to support Mitsui Direct as they successfully migrate to the Guidewire Cloud Platform, and ensure that cloud services will bring efficiency to their business." About Mitsui Direct General Insurance Co., Ltd. Mitsui Direct General Insurance Co., Ltd. (Head Office: Bunkyo-ku, Tokyo; President and CEO: Takayuki Kawamura) is a member and a direct insurance company offering products primarily through the internet and telephone, with a focus on personal automobile insurance, and a member of the MS&AD Insurance Group, which aspires to be a world-class insurance and financial services group pursuing sustainable growth and enhanced corporate value. We strive to be a company that is both 'strong and kind,' and continues to be a trusted choice for customers. About Guidewire Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire's trademarks, visit .
Yahoo
11-04-2025
- Business
- Yahoo
Coalition launches new surplus lines cyber policy for businesses
Coalition, a provider of Active Insurance, has launched a new surplus lines cyber insurance product to protect businesses against digital risks in the US. The new policy, dubbed Coalition Active Cyber Policy, introduces data-driven coverage enhancements to protect businesses in the evolving digital risk environment. According to Coalition, the policy offers expanded protections tailored to modern digital threats and specific benefits for policyholders that actively engage in cyber risk management. The policy is structured to reduce retention costs to zero for each year for policyholders that demonstrate proactive risk management, the company added. It includes provisions for early reporting of funds transfer fraud (FTF), offering reduced retentions for clients that report FTF incidents within a 72-hour window. The policy also extends coverage to include AI-related security events such as deepfake-enabled FTF and security failures caused by AI. The policy also features Any One Claim Coverage, which allows the full policy limit to reset for each incident within the policy period. Coalition has consolidated 11 coverages that were previously offered as endorsements into the base policy's insuring agreements. The new policy is available to organisations with annual revenues up to $5bn, and offers limits of up to $15m. Coalition chief revenue officer Shawn Ram said: 'With the launch of the Active Cyber Policy, Coalition is setting the standard for market-leading coverage that includes expanded protection against emerging digital threats and specific advantages for security-conscious policyholders. 'Active Insurance is built on the predication that proactive security measures significantly reduce the frequency and severity of claims – in fact, our data proves it. And now, brokers can offer improved policy terms that enhance coverage to clients who actively participate in their cyber risk management.' Last month, Coalition secured a $30m (Y4.39bn) equity investment from Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group. This investment strengthens their existing relationship, which includes a multi-year capacity agreement in Australia and a joint initiative to provide cybersecurity solutions to small and medium-sized enterprises in Japan. "Coalition launches new surplus lines cyber policy for businesses " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
