|Over a month ago|
Tokio Marine Holdings price target raised to 8,200 yen from 7,500 yen at Citi » 19:0304/0304/03/22
Citi analyst Koichi Niwa…
Citi analyst Koichi Niwa raised the firm's price target on Tokio Marine Holdings to 8,200 yen from 7,500 yen and keeps a Buy rating on the shares. The analyst now expects FY3/22 earnings to be in line with guidance, based on the current business and financial environment.
|Over a quarter ago|
Metromile, Tokio Marine Holdings partner to reduce insurance fraud » 09:0409/0709/07/21
Metromile Enterprise (MILE) announced Tokio Marine Group (TKOMY) is now using the artificial intelligence fraud-detection product Metromile DETECT across its property and casualty lines of business in Japan. By deploying Metromile DETECT, Tokio Marine believes it has succeeded in detecting suspected fraudulent claims with higher accuracy than leading U.S. insurers. Tokio Marine licensed Metromile Enterprise's no-code claims platform to improve the efficiency of its claims department and claims service. Tokio Marine analyzed claims payment and accident data with Metromile DETECT to detect fraudulent claims earlier and identify legitimate claims to be paid promptly with higher accuracy. Tokio Marine integrated Metromile DETECT with its existing claims infrastructure in less than four months, much faster than the typical six months to more than a year insurance carriers take to implement a new digital initiative. In its first month of deployment, Metromile DETECT equipped Tokio Marine with the ability to check all new claims for fraud, increasing customer and employee satisfaction with faster claims resolution. Metromile Enterprise's artificial intelligence scans claims in seconds and routes claims to the appropriate divisions, building a feedback loop with an insurer's investigative experts.