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Insurance Giant Tokio Marine to Offer Its Services in the Metaverse – Metaverse Bitcoin News

tokyo marine insurance metaverse

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Tokio Marine, Japan’s largest property/casualty insurance group, is taking its services and operations to the metaverse. The group, which has more than 39,000 employees worldwide, allows its users to view and buy insurance products on the metaverse platform, using real employees as agents in the virtual world.

Tokio Marine offers insurance on Metaverse

While gaming, social, and technology companies have been the first to embrace metaverses as a concept, other companies are also now moving to available metaverse platforms. Tokio Marine, Japan’s largest property and casualty insurance group, has announced that it will begin offering insurance services on the metaverse. In January, the company offers insurance and other insurances in the digital world, employing real officers who are presented as avatars.

According to Yomiuri Shimbun reports, interested users will be able to interact with clerks and inquire about the details of each product offered, as well as submit and fill out forms and even enter into contracts in the metaverse.

The company hosts these services on Virtual Akiba World, a metaversal platform built as a digital representation of the famous station and city of Akihabara in Japan. The company stated the reason for expanding these services to the virtual world:

By utilizing Metaversum, we bring a new kind of customer experience that reduces the psychological burden of insurance advice and enables random insurance advice and consideration.

In addition, the company allows users to drive a flying car for a course in the metaverse so that it can determine the consumer’s preferred driving style, as well as learn about the benefits that insurance can offer certain drivers.

Other Japanese companies in the metaverse

Asian and Japanese companies have pioneered the metaverse industry, and many have invested in the development of virtual technology after targeting this new field. One of these companies is MUFG, one of the country’s largest banks, which has already announced that it will start offering metaverse banking services by 2023.

In October, NTT Docomo, a leading Japanese telecommunications operator, announced the launch of its own metaverse division with an investment of $412 million, and more than 200 employees focused on these tasks in November.

What do you think of Tokio Marine’s business venture into the metaverse? Let us know in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency provider in Venezuela. He describes himself as a late-game entry into the cryptosphere when the price surge occurred in December 2017. Having a background in computer technology, living in Venezuela, and having an impact on the societal level of the cryptocurrency boom, he offers a different perspective. about crypto success and how it helps the unbanked and underserved.

The authors of the picture: Shutterstock, Pixabay, Wiki Commons

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