Japan is known for being a complex of contradictions and amazements to the outside visitor. On one hand, it is a conservative, hierarchical culture and it is slow to react. On the other hand, it is innovative, “mobile-first,” vibrant, and full with happy and life-loving people. From my humble experience, Japanese people will go out of their way to be polite, respectful, and helpful.
As you can expect, the insurance industry, which is already conservative and risk-averse is a good representative of the corporate culture. In spite of that, or as a result of it, the Japanese InsurTech sector is thriving.
Please join me for a 40 minutes conversation with Kay Hata, one of the first InsurTech entrepreneurs in Tokyo. We cover the five insurance products that Kazy-san and team deployed in the past four years and their business models: direct-to-consumer, B2B and Peer insurance.
About Kazy Hata
Kazy has over 15 years of insurance-related service experience. Starting his career at American actuarial consulting firm Milliman, Kazy then worked at global investment banks, including JPMorgan and Nomura, where he provided risk management and product development service to insurers. Solutions he was engaged included derivative, reinsurance, product development, and M&A advisory for insurers in Japan.
Kazy founded JustInCase in 2016.
Role: Fellow of the Institute of Actuaries Japan, Associate of Society of Actuaries. Wine Expert. Commissioner of Fintech Association of Japan.
More about Just in Case
As a small-amount and short-term insurer founded in 2016, justInCase aims to create value through innovation to make insurance become interactive. By utilizing Machine Learning, Artificial Intelligence, and other innovative technologies, justInCase aims to offer insurance products and services around the world that are yet to exist.
justInCaseTechnologies, justInCase's sister company established in 2019, provides reliable and seamless insurance API technology and digital platform solutions for justInCase, as well as other insurance and business partners in finance and healthcare.