What is the new service SBI General Insurance is launching?

SBI General Insurance is launching a hailstorm alert email service for its automobile insurance policyholders. This service utilizes a proprietary hail occurrence prediction model developed by the company.

What is unique about this hail prediction model?

This is the first time a direct non-life insurance company in Japan has independently developed and utilized such a hail damage occurrence prediction model for a customer-facing service.

How does the hailstorm alert service work?

The service predicts the possibility of hail occurrence at the municipality level for the next day, based on daily weather information. Policyholders in prefectures with a risk of hailstorms will receive an alert email.

Why is SBI General Insurance launching this service?

Due to global warming, hailstorm disasters are becoming more frequent and severe. The service aims to help policyholders prevent or mitigate damage by providing advance warnings, allowing them to take protective measures like moving their vehicles to covered parking or using car covers.

Are there any other benefits for policyholders?

Yes, in partnership with Relo Club and AUTOLAB, SBI General Insurance policyholders can purchase custom-made car body covers at a special price. These covers offer protection against hail, snow, sun damage, and extreme temperatures.

When does the service start?

The hailstorm alert email service begins on March 30th.

AI News NQ Analysis

SBI General Insurance Becomes First Direct Non-Life Insurer to Launch Hailstorm Alert Email Service Utilizing Proprietary Hailstorm Occurrence Prediction Model

NQ Score 50/100

AI Summary (NQ-processed)

SBI General Insurance launches alert service using its proprietary hail damage prediction model, a first for direct non-life insurers.

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Frequently Asked Questions

Q: What is the new service SBI General Insurance is launching?: A: SBI General Insurance is launching a hailstorm alert email service for its automobile insurance policyholders. This service utilizes a proprietary hail occurrence prediction model developed by the company.
Q: What is unique about this hail prediction model?: A: This is the first time a direct non-life insurance company in Japan has independently developed and utilized such a hail damage occurrence prediction model for a customer-facing service.
Q: How does the hailstorm alert service work?: A: The service predicts the possibility of hail occurrence at the municipality level for the next day, based on daily weather information. Policyholders in prefectures with a risk of hailstorms will receive an alert email.
Q: Why is SBI General Insurance launching this service?: A: Due to global warming, hailstorm disasters are becoming more frequent and severe. The service aims to help policyholders prevent or mitigate damage by providing advance warnings, allowing them to take protective measures like moving their vehicles to covered parking or using car covers.
Q: Are there any other benefits for policyholders?: A: Yes, in partnership with Relo Club and AUTOLAB, SBI General Insurance policyholders can purchase custom-made car body covers at a special price. These covers offer protection against hail, snow, sun damage, and extreme temperatures.
Q: When does the service start?: A: The hailstorm alert email service begins on March 30th.