Global Business Support
We provide support to companies expanding globally for risk management and global governance.
What Is Global Business Support?
We provide support for the transfer of risks to customers with commercial flows, such as import and export, that connect Japan and outside countries. we assist companies operating globally by arranging insurance for both domestic and global subsidiaries, covering employee liabilities, factory properties, and products they produce.
We also respond to diversifying needs of benefits for companies expanding globally, ranging from welfare benefits to support for efforts for recruitment strategy and health management.
Recently, the risk of cyberattacks has been increasing on a global basis, and the global chain of information leaks and business interruptions caused by cyberattacks targeting areas with weaker security than the Japanese headquarters has become a problem. We provide various solutions while making use of the MST Group companies and its business partners.
Strengths of MST Group in Global Business Support
Providing solutions to the global management issues of Japanese companies
The only insurance agency affiliated with a financial institution that provides services in the U.S.
Expanding subsidiaries and business partners in the U.S., Asia, and Europe
Leveraging the MST Group’s network to provide cross-country insurance programs
Service Menu
- Expanding the welfare system as a corporate strategy
- Mental health measures
- Support for diverse values and work styles
- Third-party assessment of insurance coverage (IR response, etc.)
- Support for insurance agencies within corporate groups (including overseas)
- Transfer of business rights of insurance agencies within corporate groups (including overseas)
(Response to strengthening of insurance agency regulations in the future)
- Third-party assessment of global insurance coverage
- Establishment of a risk management system in cooperation with the headquarters
- Improvement of fixed costs of global subsidiaries
(E.g. proposals for improving the medical insurance system of the global subsidiaries in North America)
CASE STUDY
- Location: Singapore
- Industry: Civil engineering
- Insurance Categories: Liability insurance
The company would like to take out liability insurance for construction work in Asian countries, but it is difficult to arrange the insurance owing to special construction work.
- Created an ASEAN integrated insurance program centered on Singapore, where the Asia headquarters is located
- Achieved the simplification of insurance arrangements and stabilization of premium levels, as well as conducted an overall review of other insurance categories
- Location: U.S.
- Industry: Manufacturing
- Insurance Categories: Medical insurance
The company would like to consider the balance evaluation and efficiency improvement of the costs and welfare of insurance arranged by the subsidiary in the U.S., but it is difficult to share information between the Japanese headquarters and the subsidiary owing to the localization of management.
- Analyzed insurance coverage over the past three years and set specific, achievable cost reduction targets
- Achieved efficiency through our understanding and mediation of the intentions and priorities of both the Japanese headquarters and the subsidiary in the U.S.
- Location: China
- Industry: Manufacturing
- Insurance Categories: Fire insurance and machinery insurance
A new plant is about to be completed, but current insurance premiums remain high owing to a past insurance accident.
- Analyzed the current insurance plan and the cause of the past accident
- Reviewed the insurance premium rate and expanded coverage at the same time