Full-scale expansion of the direct automobile insurance business
First written in FY2024-Q2. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
2 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The acquisition of prospective insurance customers through fully remote processes by the Direct Center Office of the Property and Casualty Insurance Business Division is broadening the Company's service offering and contributing to the acquisition of new customer segments. These initiatives are also expected to further increase revenue and profit through additional property and casualty insurance contracts and cross-selling life insurance and other products.」
The Company has specified its policy of using the Direct Center Office's fully remote acquisition of prospective customers to acquire new customer segments and cross-sell property and casualty and life insurance. - FY2024-Q2First statedAnnual report
「During the cumulative second quarter period, we expanded the number of property and casualty insurers whose products we handle in preparation for the full-scale rollout of the "direct automobile insurance business," for which the Company acts as an insurance solicitation agent. Automobile insurance has the largest premium share among the lines of insurance in the property and casualty insurance market, and because it is renewable, we expect to generate stable renewal commissions. We also believe that broadening our service offering will help us acquire new customer segments, creating opportunities for additional property and casualty insurance contracts and cross-selling life insurance and other products to these new customers, which is expected to further increase revenue and profit.」
The Company has newly outlined measures to expand the insurers it handles for the full-scale rollout of direct automobile insurance, acquire renewal commissions, develop new customer segments and cross-sell property and casualty and life insurance.