Japanese life insurer, Dai-ichi Life Holdings has become Axell’s latest innovation hub member as the two organizations broker a deal to connect Japan with Tel Aviv’s thriving innovation community.
Dai-ichi Life Holdings is one of the largest insurers in Asia with an estimated 343 billion yen of capital stocks, over 30 million policies inforce globally and employing +50,000 financial agents.
The company is working on its “Connect 2020” strategic direction, which aims to build strong relationships with customers, communities, and diverse business partners. Key to Dai-ichi’s mid-term strategy is to leverage its global network as a competitive advantage. The deal with Axell supports this vision by connecting Japan to Israel’s thriving FinTech and InsurTech ecosystem to bring new capabilities to the Group.
Headquartered in Tel Aviv, Israel, Axell is an innovation builder for insurance and finance and accelerates the digital transformation of financial services incumbents by co-creating new digital products and services.
Dai-ichi Holdings Director, Vice Chairman, Hideo Teramoto said he believes Axell has the capability to support the innovation strategy for the insurer.
Present at the virtual signing ceremony was Axell’s Founder and CEO, Moshe Tamir former Global Head of Digital Transformation at Generali, one of the world’s largest insurance companies and former Deputy CEO and CMO of Migdal Insurance. .
Mr Tamir said the partnership extends Axell’s reach into a new market.
Today, Axell works with numerous global insurance clients, including; Generali, TAL Australia, Discovery south Africa, Maccabi health services, and Ayalon from Israel with distribution networks across Europe, North America, Asia, and the Middle East.