At a Board of Directors held today, Rakuten Life Insurance (hereinafter the “Rakuten Life Insurance”), Asahi Fire and Marine Insurance Co., Ltd.*, Rakuten SS Insurance Co., Ltd. (hereinafter the “Rakuten SS Insurance”), Rakuten Insurance Planning Co., Ltd. (hereinafter the “Rakuten IP”) and Rakuten Anser Insurance Co., Ltd. (hereinafter the “Rakuten Anser”) resolved the establishment of an immediate stock holding company “Rakuten Insurance Holdings Co., Ltd.” (hereinafter the “Rakuten Insurance Holdings”) through intra-group stock transfer, on the assumption of approval of shareholders’ meeting of each company and the authorities concerned.
*Company name will be changed to “Rakuten General Insurance Co., Ltd.” since July 2. 2018. (hereinafter the “Rakuten General Insurance”)
The insurance group, which consists of the above mentioned five companies, currently operates a life insurance, casualty insurance, small amount short term insurance, and insurance agency business, which provides products and services to its members and customers.
While each company currently operates individually, we believe a framework to support prompt, precise, and unified decision making and governance is necessary to accomplish Rakuten Group’s mission of “Empowering individuals and society through innovation”.
We have resolved to establish a holding company to oversee its subsidiaries, to fulfill the diversifying insurance needs of our customers and to provide the most optimal insurance service.