Friday, July 11, 2025

Creating liberating content

Beetroots are considered to be a powerhouse of nutrition. From

Related News

In a bid to improve toll plaza efficiency and prepare for upcoming digital tolling upgrades, the National Highways Authority of India (NHAI) has announced a stricter policy for blacklisting users

Tesla will finally start selling its cars in India, with the Maharashtra RTO clearing the way for Elon Musk’s electric vehicle giant to open its first showroom in Mumbai and

Beetroots are considered to be a powerhouse of nutrition. From boosting immunity to improving blood flow and pressure, they play many roles in helping us lead a healthy lifestyle. Often

India’s net direct tax collections declined 1.34% year-on-year to Rs 5.63 lakh crore as of July 10, dragged down by a sharp surge in refunds, according to government data released

India Ratings and Research (Ind-Ra) has upgraded Reliance Infrastructure’s credit rating by three notches — from ‘IND D’ to ‘IND B / Stable / IND A4’ — on its non-fund

India’s foreign exchange reserves declined by $3.049 billion to $699.736 billion for the week ended July 4, according to data released by the Reserve Bank of India (RBI) on Friday.This

Trending News

In a bid to improve toll plaza efficiency and prepare for upcoming digital tolling upgrades, the National Highways Authority of India (NHAI) has announced a stricter policy for blacklisting users

Tesla will finally start selling its cars in India, with the Maharashtra RTO clearing the way for Elon Musk’s electric vehicle giant to open its first showroom in Mumbai and

India’s net direct tax collections declined 1.34% year-on-year to Rs 5.63 lakh crore as of July 10, dragged down by a sharp surge in refunds, according to government data released

India’s foreign exchange reserves declined by $3.049 billion to $699.736 billion for the week ended July 4, according to data released by the Reserve Bank of India (RBI) on Friday.This

TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little

‘The Best You’ features India’s comedy queen, Bharti Singh, who shares her story resilience and reinvention Klook, Asia’s leading platform for travel experiences and services, launched its new campaign titled

A company in Japan explains

Word Count: 426 | Estimated Reading Time: 3 minutes


Mikio Okumura, group CEO and president of Sompo Holdings Inc.

Bloomberg | Bloomberg | Getty Images

Sompo Holdings, Inc., one of Japan’s biggest insurance companies, says it’s using artificial intelligence to help alleviate a critical shortage of workers needed to care for the country’s aging population.

AI and other technology can replace tasks normally performed by people while simultaneously improving nursing care services, Group CEO Mikio Okumura told CNBC’s “Managing Asia.”

He cited sleep measurement sensors as one example.

“In the past, our caregivers [had to] visit each room to check sleep status … But instead of visiting, by caregivers, we set a sensor in a bed so that we can monitor from the office,” he said.

“Also, we can check the quality of sleep every minute, so if it deteriorates — the quality of sleep — we can check what we can change, for example, meal or activities.”

Okumura said paperwork can consume 20%-25% of nursing care workers’ time, he said.

“We are introducing some digital technology to eliminate paperwork, so that caregivers can focus,” he said. “We are trying to improve the efficiency, and also we are trying to improve quality of services using technology.”

Japan’s elderly population hit a record-high of 36.25 million in 2024, the same year that its birth rate reached a record low. Residents of Japan also have one of the longest life expectancies in the world, with older generations continuing to live longer than previous ones, said Okumura.

Growth outside of Japan

Sompo Holdings announced in February a restructuring plan, effective April 1, that will see the company condense its four business units to two: “Sompo Property and Casualty” and “Sompo Wellbeing.” 

Sompo Wellbeing includes the company’s Japan-based nursing services and life insurance businesses.

But Okumura told CNBC’s Christine Tan that its property and casualty arm is where Okumura foresees the biggest growth — mostly from international markets.

“By 2030, we plan to double profit, and also market cap … maybe 80% will come from Sompo P&C and 20% from Wellbeing,” he said, adding that “40% of the profit will come the from domestic market in Japan, and 60% from outside of Japan.”

Okumura said one of the biggest challenges for the company is Japan’s shrinking population.

“When I was born, in 1965, the number of new babies was 1.8 million. But today only 700,000,” he said. “It’s impossible to see a growing population in the future, so … we expect the overseas business is the growth driver for Sompo.”

The company does not plan on expanding Sompo’s wellbeing services overseas though, due to differences in culture, regulation and social security systems, Okumura said.



Source link

Sign In

Welcome ! Log into Your Account