Announced details
Insurance solicitation by multi-company insurance agencies, understanding customer intentions, product proposals, comparison and recommendations, record management, and compliance support
Finstage Money Concierge has been implemented by financial businesses, including independent financial advisers (IFAs); number of implementations: not disclosed
Finatext is jointly developing the solution with Sumitomo Life and IRRC Corporation. Finatext is responsible for developing the AI agent, Sumitomo Life for designing the sales management framework and compliance requirements, and IRRC Corporation for providing a product comparison platform using the AS System. Singlife is an overseas subsidiary of the Sumitomo Life Group.
Sumitomo Life Insurance Company: Representative: Takada Yukinori (高田 幸徳), Representative Executive Officer and President; established in May 1907; located in Chuo Ward, Osaka, Osaka Prefecture; engaged in life insurance and related businesses. IRRC Corporation: Representative: Katsumoto Ryuji (勝本 竜二), Representative Director, President and CEO; established in July 1995; located in Bunkyo Ward, Tokyo; engaged in solutions for insurance agencies and related businesses. Singlife: An overseas subsidiary of the Sumitomo Life Group, stated to be located in Singapore.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Digital support solution for multi-carrier insurance agencies, AI Insurance Solicitation Support Platform, Finstage Money Concierge, AS system |
| Counterparty | Sumitomo Life Insurance Company, IRRC Corporation (Securities Code: 7325), Singlife |
| Counterparty overview | Sumitomo Life Insurance Company: Representative: Takada Yukinori (高田 幸徳), Representative Executive Officer and President; established in May 1907; located in Chuo Ward, Osaka, Osaka Prefecture; engaged in life insurance and related businesses. IRRC Corporation: Representative: Katsumoto Ryuji (勝本 竜二), Representative Director, President and CEO; established in July 1995; located in Bunkyo Ward, Tokyo; engaged in solutions for insurance agencies and related businesses. Singlife: An overseas subsidiary of the Sumitomo Life Group, stated to be located in Singapore. |
| Relationship with the Company | Finatext is jointly developing the solution with Sumitomo Life and IRRC Corporation. Finatext is responsible for developing the AI agent, Sumitomo Life for designing the sales management framework and compliance requirements, and IRRC Corporation for providing a product comparison platform using the AS System. Singlife is an overseas subsidiary of the Sumitomo Life Group. |
| Applicable area | Insurance solicitation by multi-company insurance agencies, understanding customer intentions, product proposals, comparison and recommendations, record management, and compliance support |
| Usage history | Finstage Money Concierge has been implemented by financial businesses, including independent financial advisers (IFAs); number of implementations: not disclosed |
Items this document does not state (12)
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 solution is being developed in response to the revisions to Cabinet Office ordinances and supervisory guidelines related to the Insurance Business Act, which require multi-company insurance agencies to establish more advanced insurance solicitation management frameworks, as well as to address challenges including understanding customer intentions, comparison and recommendations, accountability for explanations, and record management.