Company in Japan explains

Sompo Holdings, Inc., one of the largest insurance companies in Japan, says it uses artificial intelligence to help ease the critical lack of workers needed to care for the country’s population.

AI and other technologies can replace the tasks that are usually performed by people while improving care services, Mikio Okumura CEO told CNBC “Managing Asia“

He called the dream measurement sensors with one example.

“In the past, our caregivers (had to) visit each room to check the state of sleep … But instead of visiting the caregivers, we set the sensor to bed so that we can watch the office,” he said.

“In addition, we can check the quality of sleep every minute, so when it deteriorates – sleep quality – we can check that we can change, for example, food or activities.”

The bonfire said the documents could consume 20% -25% of the time of care workers, he said.

“We present some digital technologies to eliminate documents so that the caregivers can focus,” he said. “We are trying to improve efficiency as well as we try to improve the quality of services through technology.”

Japan’s elderly population In 2024 he reached a record 36.25 million, the same year as his fertility reached a record low. Japanese residents also have one of the longest life in the world, and the old generations continue to live longer than the previous ones, Okumura said.

Sompo Holdings announced in February Plan of restructuringIt is on April 1 that the company will condense its four businesses up to two: “property and loss” and “sompo” and “sompo well -being”.

Summpo well -being includes Japanese care and life insurance services.

But Okumura told Christine Tan CNBC that her property and a loss of loss are where Okumura provides the greatest growth – mostly from international markets.

“By 2030, we plan to double profits, as well as on market capitalization … Perhaps 80% will come from Sompo P&C and 20% of well -being,” he said, adding that “40% of the profit will come from the domestic market in Japan, and 60% outside Japan.”

Academy said one of the biggest problems for the company is to reduce the population of Japan.

“When I was born, in 1965 the number of new babies was 1.8 million. But today there are only 700,000,” he said. “It is impossible to see the increasing population in the future, so … we expect a foreign business to grow for Sompo.”

The company does not plan to expand the well -being of the sample abroad, because of the differences in culture, regulation and social insurance systems, Okumur said.