Establishment of a Joint Venture Company between National Research Institute for Earth

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November 1st , 2021

National Research Institute for Earth Science and Disaster Resilience

Tokio Marine Holdings, Inc.

Establishment of a Joint Venture Company between National Research Institute

for Earth Science and Disaster Resilience and Tokio Marine Holdings, Inc.

I-ResilienceCo., Ltd.,has embarked to provide new services for disaster resilience as a joint venture between National Research Institute for Earth Science and Disaster Resilience (NIED) and Tokio Marine Holdings, Inc. (TMHD) .

NIED and TMHD are pleased to announce the establishment of the joint venture which will provide new services for disaster risk reduction (DRR) tailored to the needs of society. The DRR services will integrate DRR-related information and research outcomes produced by NIED as well as various risk data and risk preventive know-how possessed by TMHD.

With the increasing occurrence of natural catastrophes, combined with the growing risk of mega-earthquakes, strengthening disaster resilience has become an even more pressing task. In the context of science and technology innovation, there are high expectations from society for the creation of innovation in DRR through public-private partnerships.

Prior to this joint venture, while recognizing such societal needs, NIED and TMHD concluded a comprehensive partnership agreement in September 2019 to strengthen their efforts in DRR through co-creation. More importantly, the enforcement of the Law on the Revitalization of Science, Technology and Innovation Creation has enabled NIED to fund a business operator, or a venture company launched by the NIED, that utilizes NIED R&D products.

I. Overview of the Joint Venture

– Company name:

I-Resilience Co., Ltd.,

– Location:

Chuo-ku, Tokyo, Japan

– Representative:

KOBAYASHI Makoto

– Capital:

JPY 30 million

– Establishment:

November 1st, 2021

– Start of business:

December 1st, 2021

– Equity stake:

NIED 55%, TMHD 45%

  1. Business Details of the Joint Venture
    1. Operation of Existing Information Products
      Provision, distribution, and management of information products on damage extent prediction, recovery prospect, disaster response support, evacuation support tailored to user needs.
    2. Provision of DRR Solutions
      Deliberation, trial production, and joint development of DRR solutions, i.e. software, hardware, actions, and procedures, in collaboration with industry and universities.
    3. Information Products to Improve Disaster Resilience
      Customization of information products according to individual needs and innovation by combination with data held by industry, governments, universities, etc.
    4. Awareness Raising through DRR Education and Training
      Implementation of DRR education, drills, training, and execution, utilizing NIED’s information products and data etc.,

III. Overview of Investors

Name

National Research Institute for Earth Science and Disaster

Resilience

Location

3-1 Tennodai, Tsukuba, Ibaraki

Representative

President: HAYASHI Haruo

Business

Fundamental and advanced research on all types of hazards

Description

including earthquakes, tsunamis, volcanic eruptions, strong

winds, torrential rain, heavy snow, and landslides spanning all

phases to achieve more resilient society.

Establishment

April 1st, 1963

Name

Tokio Marine Holdings, Inc.

Location

1 -2-1 Marunouchi, Chiyoda, Tokyo

Representative

President and Group CEO: KOMIYA Satoru

Business

Management of non-life insurance companies, life insurance

Description

companies,specialized securities companies, foreign companies

engaged in insurance businesses and any other company which

is or may become a subsidiary of the company in accordance

with the provisions of the Insurance Business Law of Japan.

Establishment

April 2nd, 2002

Disclaimer

Tokio Marine Holdings Inc. published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 05:06:07 UTC.

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