#insuarance

■Background and Objective

In recent years, the aquaculture industry has been receiving increasing attention and growing expectations. Demand for food is expected to increase as the world population reaches 9.7 billion in 2050, and there are concerns about future gaps in protein production. Additionally, people are becoming increasingly concerned about environmental issues, including the preservation, conservation and restoration of marine ecosystems.

With this context in mind and a mission to "install Sustainable Aquaculture on Earth", Umitron has been developing products and services catered to industry needs. Using a combination of IoT, artificial intelligence (A.I.) and satellite remote sensing, the company has been able to optimize and automate feeding, reduce labor resources and mitigate against risks in the production cycle, culminating in a safe and stable supply of seafood.

Risk visualization and insurance design have been instrumental for the industry's growth to date, but there are still gaps to be addressed. Tokio Marine & Nichido plans to promote the use of data and digital technologies in areas where these have been challenging in the past, contributing to creating a sustainable society via the provision of new data-driven insurance products and risk management solutions.

To create synergies in our respective fields of expertise and establish a sustainable aquaculture industry for the future, Umitron and Tokio Marine & Nichido have decided to form a business alliance.

■Outlines

Via this strategic partnership, Umitron and Tokio Marine & Nichido will jointly promote research and product development that will contribute to the establishment of sustainable aquaculture.

＜Main areas of research and development＞

1. Research and development of new services and insurance products using smart aquaculture data solutions

Aiming to further disseminate smart aquaculture solutions, we will jointly conduct research and development of services and insurance utilizing data obtained from Umitron technology and solutions.

2. Research and development for the implementation of sustainable aquaculture

We will jointly conduct research and development of smart aquaculture solutions to implement sustainable aquaculture.

Through this initiative, we plan to utilize the knowledge of risk management solutions of the entire Tokio Marine Group, including Tokio Marine D.R. Co.

Umitron is seeking new project partners interested in using technology to visualize aquaculture risks and calculate asset values, both in Japan and globally. Please do not hesitate to contact us from the following contacts or our corporate website.

■About UMITRON

UMITRON is a Singapore and Japan-based deep tech company that aims to solve worldwide food and environmental problems by empowering aquaculture with technology. We build user-friendly data platforms for aquaculture by using IoT, satellite remote sensing, and AI technology. Our goal is to utilize computer models in combination with aquaculture to help the world sustainably and efficiently deliver protein in a human-friendly and nature-friendly way. Ultimately, we aim to “install Sustainable Aquaculture on Earth”.

https://umitron.com/en/index.html

－ Contact －

For farmers or other business partner inquiries, please contact: [email protected]