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Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) is the core non-life insurance company in the Tokio Marine Group, a global insurance group which is headquartered in Japan and active in 37 countries and regions worldwide. TMNF was established in 1879 and as of March 2014, the net premium written stands at 1,966 billion Yen, with 17,217 employees.
Based on its corporate philosophy, TMNF continues to provide value to society and aims to be a “Good Company”, by contributing to a creation of safe, secure and sustainable society and building local communities’ trusts while closely communicating and collaborating with various stakeholders.
Over the past several years, natural disasters such as tropical cyclones, floods, earthquakes and tsunamis, have raged through various regions around the world (e.g. the Great East Japan Earthquake and the flood in Thailand in 2011, Hurricane Sandy in 2012, Typhoon Haiyan in 2013, etc.)
By publicly expressing “Disaster Risk Reduction (DRR)” as its material CSR issue, TMNF aims to create a safe, secure and resilient society to climate change and natural disaster risks. TMNF makes every effort to pay insurance claims expeditiously in times of disaster, while offering support to recovery activities in the devastated areas. Aside from disaster responses, TMNF actively involves itself in various disaster risk reduction measures as indicated below.
- Industry-academia collaborative Risk Research Projects with the University of Tokyo, Nagoya University, Kyoto University and Tohoku University
- Mangrove Planting Project for local community development, climate change mitigation and adaptation, biodiversity preservation and to serve as natural breakwaters
- Disaster Prevention Lessons for elementary school children
United Nations Global Compact (UNGC)
United Nations Global Compact Japan Network (GCJN) – DRR Working Group
UNEP FI - Principles for Sustainable Insurance (PSI)
Principles for Responsible Investment (PRI)
The Geneva Association - Extreme Events and Climate Risk (EE+CR) Working Group
ClimateWise
Japan’s Ministry of the Environment-led Principles for Financial Action for the 21st Century - Insurance Working Group
The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.