A Japanese insurance company and Harel will locate technologies in Israel to invest in them

The Harel insurance group was selected by Japan's largest insurance giant Tokyo Marine Holidings to cooperate in locating Israeli high-tech companies in the fields of innovation and digitalization. According to the agreement, the Harel Group and Tokyo Marine will act to locate Israeli companies engaged in innovative technologies and services, and the Harel Group will have access to Tokyo Marin's leading technology infrastructure. The collaboration was led by the Deloitte consulting firm.
Japan's Tokyo Marin Group is one of the leading insurance companies in the world. The company was established in 1879 and currently operates in 38 countries all over the world. The company's annual revenue totaled 4.6 trillion yen (about NIS 150 billion) last year. For a long time, the Group has shown steady growth through diversified business models with a stable profit base in Japan, as well as through franchises in developed markets and penetration into emerging markets. In recent years, the Japanese group has been innovating in a three-pronged approach: "mission-oriented", "connecting people to technology" and "global digital synergy".
In recent years, the Japanese group has decided to deepen its investment in technology, and for this purpose has established a subsidiary
 Tokio Marine Innovation Lab is engaged in the identification and development of innovative technologies that will support the expansion of its business worldwide. The subsidiary has set up development centers in Tokyo, Taiwan, Singapore and Silicon Valley, and is trying to expand its operations to other countries.
The agreement was signed between the Japanese giant corporation and the Harel Group. The signing ceremony was attended by Mr. Makoto Okuda, Senior Vice President and Strategy and Digital Leader of the Tokyo Marin Holdings Group, Yair Hamburger, Chairman of the Harel Group and other senior companies.
 According to the agreement, the two companies will work together to identify innovative technologies, products and services in various fields, including in the fields of health, cyber, distribution and customer experience, which will be integrated into the core business of insurance. It was also determined that the companies will share knowledge in broad fields - from the world of service to the customer, from the assimilation of technological systems to improving the customer experience, rapid payment of claims, including joint learning of the cyber world.
The collaboration places Harel as a leading Israeli financial group that integrates advanced technologies into the Group's business processes. The Harel Group will enable Israeli start-ups to expose themselves through the agreement with Tokyo Marine to investors in Israel and abroad, through joint ventures that the companies will jointly manage.
"We are looking for technological solutions and innovation in cooperation with our partners worldwide and we are proud to announce our new cooperation with a leading insurance company such as Harel," said Makoto Okuda of Tokyo Marin Holdings. "We hope that both sides will succeed. From the new cooperation. "
Michel Siboni, CEO of the Harel Insurance and Finance Group, said that "this agreement will enable the assimilation of additional advanced technological developments in favor of Harel customers and agents, while strengthening its position in the various markets." Advanced technologies and products, points to an expression of confidence in the Harel Insurance Group and its ability to locate the leading Israeli technologies and companies in the field. "Siboni added," The Japanese corporation's entry into investment activity in the high-tech sector in Israel represents tremendous potential for Israeli entrepreneurs and start- K. "
As a result of the agreement, representatives of the largest insurance company in Japan will come to Israel to visit and test Israeli technologies in the coming months.
Siboni emphasized that "we at the Harel Group are looking forward to identifying technological opportunities and adapting them in a way that will benefit our policyholders and agents." The agreement with the largest insurance company in Japan will support the move forward, identify trends and address new markets with future growth potential.
The Tokyo Marine Group consists of Tokyo Marine Holdings and other subsidiaries operating in the various insurance sectors, including elementary insurance, life insurance and general and financial business. Since the establishment of the group in 1879 as the first Japanese insurance company, Tokyo Marine has expanded its activity beyond the elementary insurance and beyond the Japanese market and is currently operating in a large number of countries and also offers global insurance services.