BUSINESS
We will continue to work together as a group to apply "Try & Discover" slogan for the creation of value,
aiming to be a group that contributes towards society.
MESSAGE
As a member of the T&D Insurance Group,
T&D United Capital conducts investment business
with the aim of creating an effective
and efficient investment structure throughout the entire group.
We are engaged in expanding medium- to
long-term group profits through making investments in new business
areas that are highly compatible with the life insurance business
and seeking group synergies through the sharing of expertise and
development of human resources throughout the Group.
In addition to collaborating with portfolio companies to enhance corporate value,
T&D United Capital will continue to work together as a group to apply
"Try & Discover"
slogan for the creation of value,
aiming to be a group that contributes towards society.
We truly appreciate your continued understanding and support.
BUSINESS OPERATIONS
T&D United Capital makes investments in new business
areas that are highly compatible with the life insurance business.
We would like to grow and develop new business areas such as closed book business
and asset management business with our portfolio companies.
What is closed book business?
This is a business model in which an insurance company generates profit by acquiring,
consolidating and increasing the value of blocks of policies that are no longer sold (closed books).
Opportunities (closed book market)
As the UK and US insurance markets matures, closed book transactions are spreading
Seller
- ・Continued low interest rate environment
- ・Strengthened capital regulations
- ・Increases in policy management costs
- ・Market requests for capital efficiency
Separation of non-strategic businesses
Buyer
- ・Cost efficiencies from consolidating CB, and more sophisticated asset management / capital management
- ・Generating results from risk diversification
Value enhancement
Going forward, they are likely to start spreading in the maturing Japanese market also. (New methods for transferring business)
Strategic significance for
T&D Insurance Group
- Create investment projects by leveraging insurance industry expertise
- Acquire and accumulate business expertise by participating as a strategic partner
- Contribute towards consolidated profits by capturing new investment income (diversification of revenue sources)
- Over the medium and long term, pursue synergies with domestic life insurance business (diversification of insurance underwriting risk, etc.)
- T&D
- Insurance portfolio
(domestic death risk dominant)
Inverse
correlation
- Raise economic value-based capital efficiency through diversification of risks by insurance type and region, etc.
Longevity risk
Bringing in from outside
(reinsurance, etc.)