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  • Listed: November 1, 2014 5:10 pm
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Sadly though we in no way met the Managing Director of Tokio Marine but we met the Managing Director and Executive Director, Mitani-San of TM Asia. They’re both quite friendly and helpful to us. Most importantly each have stayed in Tokio Marine (TM) for very very long. For Mitani-San, he stayed in TM for like 19 years!

That is why though Asialife have 60 years encounter in life insurance but if u do an acra check on TM Asialife, you get a 2 years organization. At the very same time, the reinsurer of TM Asia is far from ideal. As a result of trade secrecy cause, I shall not mention name but from a trusted source,http://www.digitallighting.com.au/freerun-nike.php, TM Asia is within the midst of changing their reinsurer. Let’s hope that items will become far better using the modify of reinsurer.

Before I give my review on my findings, I need to declare that this trip is completely sponsored by TM Asia for a group of achievers (you’ll find about 20 of us). TM Asia flew us in Singapore Airlines and housed us at Hilton Tokyo (although I dislike the hotel as I paid close to 80 dollars for just three days of internet access). To be able to be as transparent and objective as doable, that’s why I declare this ahead initial. In the very same time, just to let you realize I am NOT an employee of TM Asia, hence, I may be as Independent on the review as feasible.

Nonetheless, as Policyholders of our own Insurance, we have to recognize the background of the organization,http://www.daisyspetboutique.com/cheapfree30v6.php, regardless regardless of whether is it TM Asia, NTUC,http://www.mexipol.com/nikefreeruncoral.php, Aviva, etc. The 2 most significant questions we should ask our Advisors about our own policies are – 1. Are the policies essentially the most value for income? 2. Which firm is giving me the most bonus?

Why is the fact that critical? Properly it’s a sign of stability within the business. We wouldn’t want terms and conditions alter each and every other year appropriate? Within the book 7 habits of productive person, Steve Covey stated that the principle behind great customer service is how well they treat staff. Hence, I’m rather content that TM is treating their staffs really nicely.

Very surprisingly,http://www.cdt-group.eu/everyonerunning.php, TM have a Television broadcast studio to broadcast all essential messages and trainings to all the branches in Japan. I was told that TM launched their own satellite for the studio. What a display of monetary strength. No wonder according to the credit rating agencies, they are just rated 1 level beneath Berkshire Hathaway.

Recently, I went for a research trip to Japan from 16th November 2009 to 21st November 2009. The objective was to pay a visit to Tokio Marine Holdings, the parent firm of TM Asia. The trip is indeed very fruitful.

During my trip, I realised that during the Asia Economic Crisis happened in 1997 to 1998,http://fauxgarcon.com/flykicksfrees.php, a lot of Japanese Insurance firms collapsed. Yet Tokio Marine stood well against the test of time and became a giant insurance firm in Japan. According to the newest statistics, one out of every single 4 person in japan is insured with TM. There is a recent Japanese newspaper article that reports that aside from Tokio Marine, all businesses had a reduction of nett premiums. Why TM have an increase? This was primarily as a result of the overseas acquisition by TM. For the past couple of years, TM bought more than Loyld, and obviously Asialife (1st Singapore insurance company). What a superb news particularly during the monetary crisis period:)

However, like all firms, no organization is without weakness. The one and only most glaring disadvantage of TM is that TM is relatively “new” in life insurance. They only got into life in 1996. 13 years is still reasonably new in term of life. And that’s why TM is creating up their Life Enterprise via Mergers and Aquisitions. One of the most prominent acquisitions in recent years is that they bought more than Asialife General Holdings (the parent firm of Asialife) in 2006 and renamed Asialife to become TM Asia.

The developing they had in Tokyo is in prime location – just next to the Emperor’s palace. Really really few businesses do have their developing around the Emperor’s Palace. It states how old is Tokio Marine organization is. The company began in 1870. And a lot more importantly, the value of the constructing is usually on the rise. Not to mentioned that TM Asia is now developing a new constructing in Cecil St.

We as consumers deserved the correct to know it:)

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  • Listed by: sokz3587
  • Member Since: October 20, 2014

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