{"id":677,"date":"2021-11-09T02:25:01","date_gmt":"2021-11-09T02:25:01","guid":{"rendered":"https:\/\/vietcould.com\/?p=677"},"modified":"2024-03-07T01:50:55","modified_gmt":"2024-03-07T01:50:55","slug":"medring-cooperates-with-mitsui-sumitomo-insurance","status":"publish","type":"post","link":"https:\/\/medring.co.jp\/en\/medring-cooperates-with-mitsui-sumitomo-insurance\/","title":{"rendered":"Cooperation between MEDRiNG Co., Ltd and Mitsui Sumitomo Insurance Co., Ltd. is posted on the Japanese Nikkei Shimbun News"},"content":{"rendered":"<p class=\"has-text-align-right\" style=\"text-align: right;\">November 9 , 2021<\/p>\n<p class=\"has-text-align-right\" style=\"text-align: right;\">Mitsui Sumitomo Insurance Company, Limited<\/p>\n<p class=\"has-text-align-center\" style=\"text-align: center;\"><strong><u>MSI, ReMark, MEDRiNG partner to launch<\/u><\/strong><\/p>\n<p class=\"has-text-align-center\" style=\"text-align: center;\"><strong><u>\u201cSmart medical insurance\u201d development project in Vietnam<\/u><\/strong><\/p>\n<p>Mitsui Sumitomo Insurance Co., Ltd. (CEO:Shinichiro Funabiki), a member of the MS &amp; AD Insurance Group, ReMark Japan Co., Ltd.(CEO: Gang Pei), and MEDRiNG Co., Ltd, (CEO: Kazuma Abe), will launch a project in collaboration with clinics to promote health in Vietnams.<\/p>\n<p>Using ReMark\u2019s Good Life mobile app and \u201cAI Disease Risk Prediction Engine\u201d, Mitsui Sumitomo Insurance is developing a new type of medical insurance that aims to lower morbidity risks by offering a health program that supervises participants\u2019 physical activities and grant rewards to those who meet their fitness goal. The project will be rolled-out to patients of health clinics operated by MEDRiNG, a Japanese medical start-up in Vietnam.<\/p>\n<h2><strong>1<\/strong><strong>\uff0eBackground and Purpose<\/strong><\/h2>\n<p>With an ever increasing population and positive economic growth rate even in the COVID-19 situation, Vietnam sees a number of their young adults at risk of developing lifestyle-related diseases, partly due to lack of exercise. Moreover, that the public social insurance system forbids free choices of treatment destinations results in a market where higher quality medical services are in want.<\/p>\n<p>Under such circumstances, expectations for private medical insurance are rising, Mitsui Sumitomo Insurance, in collaboration with ReMark and MEDRiNG, are grasping this opportunity to develop health-promoting medical insurance that offers discounts and rewards.<\/p>\n<p>Through this initiative, the three companies share the same objective to promote health awareness, and to contribute to the diseases prevention in Vietnam.<\/p>\n<h2><strong>2. Outline of\u00a0<\/strong><strong>Proof-of-Concept program<\/strong><\/h2>\n<p>The participants of this program will receive regular medical examinations though MEDRiNG\u2019s clinics in Vietnam. The examination data will first be analyzed with \u201cAI Disease Risk Prediction Engine\u201d developed by ReMark, and then transformed into quantified health indicators which can be shared back to the participants. This proprietary algorithm can help with early detection of morbidity risks related to lifestyle choices.<\/p>\n<p>The participants will also get access to the Good Life mobile app (Vietnamese version), provided by ReMark, which uses smartphone and wearable device data such as the number of steps walked, resting heart rate and sleep time, to calculate a person\u2019s \u2018Biological Age\u2019\u2014a measure of physical health. By the end of the program, participants who improve their Biological Age can receive rewards such as gift vouchers from the clinics while Mitsui Sumitomo Insurance will analyze the results for further development of new insurance product.<\/p>\n<h2><strong>3<\/strong><strong>\uff0eFurther development<\/strong><\/h2>\n<p>This Proof-of-Concept program will allow Mitsui Sumitomo Insurance to tailor a data-driven smart medical insurance product that promotes healthy lifestyle in Vietnam. The MEDRiNG coverage aims to provide more treatment choice, better-quality medical services, and professional health advice to the Vietnamese population. Going forward, the three companies will continue to jointly accumulate know-how on the connection between disease prevention and health care to build a sustainable business model that contributes to the well-being of Vietnamese society.<\/p>\n<p><strong>About ReMark (<\/strong><a href=\"https:\/\/remarkgroup.com\/ja\/\">https:\/\/remarkgroup.com\/ja\/<\/a><strong>)<\/strong><\/p>\n<p>ReMark is a global insurance consultancy helping insurers worldwide grow sustainably. Part of the SCOR Group, we\u2019ve reached over 1 billion people since 1984 with our data intelligence, marketing and technology solutions\u2014like the Good Life app and Velogica underwriting software\u2014and ran over 12,000 campaigns. Our clients include over 500 insurers including MetLife, Legal &amp; General and eTiQa, and we\u2019re also partnering outside the industry, with Garmin, Tencent, local governments and more. Our Global Consumer Study is the world\u2019s largest survey of insurance consumers, published annually and relied upon by industry leaders to keep them informed on current trends in technology, health, data privacy and more.<\/p>\n<p><strong>About MEDRiNG (<\/strong><a href=\"https:\/\/www.medring.co.jp\/en\/\">https:\/\/www.medring.co.jp\/en\/<\/a><strong>)<\/strong><\/p>\n<p>MEDRiNG is a Japanese medical startup headquartered in Hongo, Bunkyo-ku, Tokyo, with a clinic and system development base in Hanoi, Vietnam. MEDRiNG are developing smart clinics \u201cMETiC\u201d that utilizes IT systems in every process of operating a clinic,and developing a cloud-based medical care support system \u201cMEDi\u201d for the purpose of promoting digital transformation for clinics in Southeast Asia. In this project, MEDRiNG TOKYO INTERNATIONAL CLINIC (METiC), a clinic owned and operated by MEDRiNG, will be the base for verification and development.<\/p>\n<p>Link:\u00a0<a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOUB063J40W1A900C2000000\/\" data-type=\"URL\" data-id=\"https:\/\/www.nikkei.com\/article\/DGXZQOUB063J40W1A900C2000000\/\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">https:\/\/www.nikkei.com\/article\/DGXZQOUB063J40W1A900C2000000\/<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>November 9 , 2021 Mitsui Sumitomo Insurance Company, Limited MSI, ReMark, MEDRiNG partner to launch \u201cSmart medical insurance\u201d development project in Vietnam Mitsui Sumitomo Insurance Co., Ltd. (CEO:Shinichiro Funabiki), a member of the MS &amp; AD Insurance Group, ReMark Japan Co., Ltd.(CEO: Gang Pei), and MEDRiNG Co., Ltd, (CEO: Kazuma Abe), will launch a project<\/p>\n","protected":false},"author":1,"featured_media":678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[79,87],"class_list":["post-677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-medring","tag-medring","tag-mitsui-sumitomo-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MEDRiNG cooperates with Mitsui Sumitomo Insurance<\/title>\n<meta name=\"description\" content=\"Mitsui Sumitomo Insurance and MEDRiNG will launch a project in collaboration with clinics to promote health in Vietnams.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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