Announced details
Group credit life insurance, joint and several liability, spousal coverage, and new contract structures and rider configurations
Improved efficiency in the design, development, and testing processes. Quantitative figures Not disclosed.
シンプレクス customizes and provides "Simplex xInsurance" for LIFENET INSURANCE COMPANY.
Head office: Chiyoda-ku, Tokyo; Representative Director and President: Yokozawa Junpei (横澤淳平). The company operates a group credit life insurance business.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Total Insurance Business Solution "Simplex xInsurance", Group credit life insurance system |
| Counterparty | LIFENET INSURANCE COMPANY |
| Counterparty overview | Head office: Chiyoda-ku, Tokyo; Representative Director and President: Yokozawa Junpei (横澤淳平). The company operates a group credit life insurance business. |
| Relationship with the Company | シンプレクス customizes and provides "Simplex xInsurance" for LIFENET INSURANCE COMPANY. |
| Launch date | Already conducted (specific date not disclosed) |
| Applicable area | Group credit life insurance, joint and several liability, spousal coverage, and new contract structures and rider configurations |
| Quantitative Effects | Improved efficiency in the design, development, and testing processes. Quantitative figures Not disclosed. |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The expansion of LIFENET INSURANCE COMPANY's group credit life insurance business created a need to support new financial institutions, as well as new contract structures and rider configurations that had not previously been supported.