# Aioi Nissay Dowa Insurance

Aioi Nissay Dowa Insurance is an Insurance based in Tokyo, Japan.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Tokyo, Japan
- **Region:** Asia
- **Address:** 1-28-1, Ebisu, Shibuya-ku, Tokyo, 150-8488, Japan
- **Founded:** 1918
- **Assets under management:** Undisclosed
- **Website:** aioinissaydowa.co.jp
- **LinkedIn:** linkedin.com/company/aioi-nissay-dowa-insurance-management-limited

## Regulatory record

- **Reports private funds:** No

## About

Aioi Nissay Dowa Insurance offers personal and corporate insurance products, including automobile, fire, earthquake, travel, and pet insurance, as well as annuity plans. The company serves individual customers, businesses, and legal entities. Founded in 1918, it is based in Tokyo, Japan.

## Sectors

- Insurance
- Mobility & Transportation
- FinTech

## People

- Shinichi Tsunoda — President & CEO

## Questions

### What is Aioi Nissay Dowa's investment structure?

The firm operates a central general account from Tokyo alongside dedicated investment subsidiaries in London and New York. The London office focuses on infrastructure debt and private placements, while New York targets US middle-market lending and real estate. Both subsidiaries maintain independent CIO mandates under the group's overall asset-liability framework.

### How does the firm source its investment opportunities?

The London and New York offices source directly through their local networks, prioritizing infrastructure debt and private credit. The firm also participates in MS&AD's venture fund, which accesses early-stage insurtech and mobility startups. Direct relationships with asset managers like Macquarie and Churchill Asset Management complement the proprietary sourcing model.

### Does Aioi Nissay Dowa invest in venture capital?

Yes, through the MS&AD Venture Fund, which targets insurtech and mobility startups. The firm also invests indirectly via limited partnerships in technology-focused funds. The parent group's corporate venture arm has backed Japanese insurtechs including JustInCase, aligning with the firm's data-driven underwriting ambitions.

### What role does telematics play in the firm's strategy?

Telematics is core to Aioi Nissay Dowa's competitive position. The firm's partnership with Toyota provides data from 20 million connected vehicles, enabling usage-based insurance products and predictive underwriting. The new mobility data unit launched in 2024 formalizes this capability and feeds into asset-allocation decisions around mobility-sector investments.

### How is Aioi Nissay Dowa related to MS&AD Insurance Group?

Aioi Nissay Dowa is a wholly-owned subsidiary of MS&AD Insurance Group Holdings, formed through the 2010 merger of Aioi Insurance and Nissay Dowa General Insurance. MS&AD is Japan's second-largest P&C group by revenue, also including Mitsui Sumitomo Insurance. The parent provides capital and strategic oversight while Aioi Nissay Dowa operates its domestic retail book and overseas investment offices independently.

### What is the firm's exposure to Japanese government bonds?

As a major Japanese non-life insurer, Aioi Nissay Dowa maintains a significant allocation to JGBs within its general account, reflecting the yen-denominated liability structure and regulatory requirements. The precise allocation percentage is not publicly disclosed, but the firm has been diversifying into foreign credit and alternatives to mitigate concentration risk.

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Last updated: 2026-07-06T00:30:37.596Z

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