Tag: Mitsui Sumitomo

  • Mitsui Sumitomo Insurance sets up Global Digital Hubs in Singapore &Tokyo

    Mitsui Sumitomo Insurance sets up Global Digital Hubs in Singapore &Tokyo

    Mitsui Sumitomo Insurance Co., Ltd. (President: Noriyuki Hara, “MSI”), a member of MS&AD Insurance Group, sets up two Global Digital Hubs (“GDH”) in Singapore and Tokyo as bases to support global digitalization.

    In April 2018, MSI established a Digital Strategy Department to promote digitalization focused on enhancing customer experience and business productivity. In order to further accelerate its digital activities, MSI launched the Singapore GDH in February this year to support the ASEAN markets, and will launch a GDH in Tokyo to promote the adoption of digital technology by employees and agents.

    Through the two GDHs and other advanced initiatives, MSI will continue its commitment to promote digitalization and help address societal challenges.

    GDH Singapore will contribute to the development of digital initiatives in the ASEAN region, leveraging on MSI’s broad network in all ten ASEAN member countries. It will support the Asia regional office in developing digital strategies to drive continued growth of the business in this region.

    GDH Singapore aims to enhance customer experience in the ASEAN markets to cater to the rapid rise of digitalization. It will help facilitate the development of innovative insurance products and services through collaboration with business partners and open innovation with startups.

    GDH Tokyo will be the innovation epicenter of MSI to find new ways of adding value to our
    clients through the use of digital technology and big data. By way of collaborating with startups,
    MSI aims to develop innovative products and services that will help address social issues and
    contribute to society as per the UN’s Sustainable Development Goals (SDGs).

  • Mitsui Sumitomo Insurance Welfare Foundation awards research grants to 4 projects

    Mitsui Sumitomo Insurance Welfare Foundation awards research grants to 4 projects

    This year’s winners of the Mitsui Sumitomo Insurance Welfare Foundation (MSIWF) research grant, awarded for exceptional insight and potential, comprised of some of Singapore’s leading researchers that aim to make a difference by solving Singapore’s key traffic and healthcare issues for the nation’s ageing population.

    The 2016 winners are:

    • Ms Maria Cecilia Rojas Lopez, PhD candidate at the School of Civil and Environment Engineering at Nanyang Technological University, for her research that will lead to the development of traffic schemes and policies for the safety of cyclists and pedestrians on footpaths. For this project, Rojas Lopez will study cyclists’ behaviour and their interaction with other path users, which is a potential issue since bicycles have been allowed on footpaths in Singapore since March 2016.
    • Dr Tan Ngiap Chuan is a Family Physician, Senior Consultant and Director, Research at SingHealth Polyclinics. His proposed study aims to find out how common is the age-related loss of muscle mass and muscle function, known as “sarcopenia” among elderly patients. Sarcopenia has been shown to be worse amongst the elderly with diabetes. Muscle weakness resulting from the reduced muscle bulk and strength will subject the elderly to increased risks of frailty, falls, fractures, hospitalisations and even premature deaths. The findings from this study will allow doctors, nurses and other healthcare professionals to identify the reasons leading to sarcopenia, so that solutions can be developed and assessed if they are effective in reducing the muscle bulk loss, in maintaining or even strengthening their muscle functions.
    • Dr Kinjal Doshi, principal clinical psychologist at Singapore General Hospital, aims to create a better tool for use in identifying loss of functional abilities among the elderly. 
    • Dr Rufaihah Binte Abdul Jalil, assistant professor at the NUS Yong Loo Lin School of Medicine, will design a diagnostic tool for atherosclerosis, a main illness known to harden the arteries usually affecting the elderly.
    • MSIWF is a non-profit organisation that is part of the Mitsui Sumitomo Insurance Company, Limited, and supports researchers in Japan, Singapore and Thailand for practicable research in two key areas: senior citizen welfare and traffic safety. The MSIWF research grant is unique compared to others, as it supports interdisciplinary research at its early stages, where it is generally tougher for researchers to obtain funding elsewhere. 

    This year marks the 10th anniversary of MSIWF grant support in Singapore, which was introduced in 2007 for the first time outside of Japan. Since then, MSWIF has supported 38 research projects and has disbursed grants worth more than about S$363,000.

    “At MSIG, our focus goes beyond financial profits. It is our mission to help secure a sustainable future for the communities at large. With a growing ageing demographic in Singapore, solutions for improving the quality of life are critical for sustainable growth. This grant from Mitsui Sumitomo Insurance Welfare Foundation aims to empower talented researchers to do just that,” said Mr Alan J. Wilson, Regional CEO of MSIG Holdings (Asia) Pte Ltd. 

    The call for the 2016 grants was launched in June last year, and a total of 246 applications were received globally. The winning projects will conduct their research over the next 12 months and their findings will be published in scientific journals as well as shared with the Foundation during next year’s presentation ceremony in 2018.