Aioi Nissay Dowa Insurance adopts Bloomberg Buy-Side Solutions to Digitize its Asset Management Workflows and Greatly Improve Efficiency

One ton reduction in paper consumption per year and 10,000 hours of work saved annually are expected through increased operational efficiencies from digitization

Tokyo – Bloomberg announced today that Aioi Nissay Dowa Insurance Co., Ltd. (“Aioi Nissay Dowa”) will adopt Bloomberg AIM, a leading order management system, and the PORT Enterprise portfolio & risk analytics solution. This forms part of Aioi Nissay Dowa’s commitment to overall business reforms and to improvements in efficiency and convenience for its process services and other services through digital technology, as expressed in its medium-term business plan, “AD Vision 2021.”

Aioi Nissay Dowa is a major general insurance company based in Tokyo with global operations. Its asset management business is an important part of its business, entrusted with approximately 2.6 trillion yen in securities and with a trading volume of approximately 400 billion yen in securities as of fiscal 2020.

By adopting both AIM and PORT Enterprise, Aioi Nissay Dowa will be able to improve the efficiency of the entire transaction cycle encompassed by its asset management operations. Much of the operational work to date has been conducted manually, using Microsoft Excel and paper transaction slips that have been exchanged between front and back-office operations, and will be substantially streamlined.

In addition, the shift to straight-through processing (STP) from the front to back office will be made possible by utilizing Bloomberg’s Enterprise iPaaS platform, which enables quick implementation and automatic connection to the XNET back-office system. As a result, portfolio performance and risk analysis functions will be efficiently realized through the book value analysis tools that have been independently developed by Bloomberg with its Japanese buy-side customers in mind, as well as through the provision of accurate trading information.

“Aioi Nissay Dowa has been providing stable asset management operations while striking a balance between ensuring soundness and improving profitability, as well as maintaining the ability to pay out insurance claims and maturity returns to customers. The role that asset management plays within our firm is becoming increasingly important, and we recognize that further strengthening investment profitability and operational efficiency is something that ought to be tackled early on. We are convinced that, by thoroughly utilizing the digital technology of AIM and PORT Enterprise, we will greatly enhance the productivity and sophistication of our asset management operations,” says Tomiji Akabayashi, Executive Vice President at Aioi Nissay Dowa.

“We are very pleased to be able to support Aioi Nissay Dowa to be at the forefront of achieving digital transformation amid the great strides that are being made in the Japanese economy through the acceleration of digitization. Our solutions help realize better business precision and higher business efficiencies amid demands for work flexibility, cost revisions, and technological reforms that have arisen during the pandemic,” said Norman Tweeboom, Japan Regional Head at Bloomberg.

Bloomberg’s Buy-Side solutions deliver front-to-back technology for the investment lifecycle, from decision support and order management, to portfolio management and post-trade services, for some of the largest asset managers, asset owners, and hedge funds. Bloomberg AIM, a leading order management system (OMS), is used by nearly 15,000 professionals at over 900 client firms globally to manage more than $17 trillion in assets. PORT is a multi-asset portfolio and risk analytics solution that delivers advanced risk and return attribution models. PORT has 47,000 active users across 15,000 client firms globally. Bloomberg’s post-trade offering streamlines post-trade workflows and reduce operational risk through reconciliation, straight-through processing (STP), settlement exceptions and collateral management solutions.

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Media Contact

Yuri Imaizumi, Corporate Communications, +81-3-45652495, yimaizumi4@bloomberg.net