Mikio Okumura, Executive Director of the Group and President of the Sompo Holdings Inc.
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Sompr Holdings, Inc., One of the greatest Japanese insurance companies, says he uses artificial intelligence to alleviate the critical disadvantage of the workers needed to care for the aging of the population in the country.
AI and other technology can replace the tasks usually performed by people, at the same time improving care care services, for CNBC is the Mikio Okumur Executive Director “Asia management. “
Cites the sensors to measure sleep as one example.
“In the past, our caregivers [had to] Visit every room to check the status of sleep … but instead of visiting the caregiver, we put a sensor to bed so we can control from the office, “he said.
“Also, we can check the quality of sleep every minute, so if it gets worse – the quality of sleep – we can check what we can change, for example, a meal or activity.”
Okumura said that paperwork can consume 20% -25% of care time, he said.
“We introduce some digital technology to eliminate paperwork so that carers can focus,” he said. “We try to improve efficiency, and we also try to improve the quality of services using technology.”
Japanese older population hit a record -tall of 36.25 million 2024, the same year birthrate reached a low record. Japan residents also have one of the longest life expectancy in the world, and older generations continue to live longer than the previous ones, Okumura said.
Growth outside Japan
Sompo Holdings announced in February a restructuring planin effect 1. on April, at which the company will condense its four business units on two: “Sompr assets and victims” and “sompo wellbeing”.
Sompo wellbeing includes care and life insurance companies based in Japan.
But Okumura was told by CNBC in Christine Tan that his property and hand from the accidents where the Okumura predict the greatest growth – mainly from international markets.
“By 2030. We plan to double the profit and also market cap … maybe 80% will come from the P&C and 20% of the benefits,” he said, adding that “40% of profits will come from the domestic market in Japan and 60% outside Japan.”
Okumura said that one of the biggest challenges of the Japanese company was the population.
“When I was born, in 1965, the number of new babies was 1.8 million. But today only 700,000,” he said. “In the future, it is impossible to see the growing population, so … we expect a foreign job to be a growth for a sampo growth.”
The company does not plan to expand the welfare services to Sompo abroad, however, because of the differences in culture, regulation and social security systems, Okumura said.
