#Japan #Tokyo #Renxa #Insurance Review Group #Lifestyle Advisor

Renxa Inc. and Insurance Review Group Join Forces

Renxa Inc., based in Toshima, Tokyo, led by CEO Koji Sakamoto, has recently announced a strategic partnership with the Insurance Review Group, a company that specializes in insurance agency services and operates from Shinjuku, Tokyo, under CEO Tomoki Usui. This collaboration aims to create a comprehensive household budget review service, allowing consumers to reassess essential fixed costs such as electricity, gas, and internet.

Background of the Partnership

The need for budget reassessment has evolved due to rising economic pressures, characterized by an increase in the Consumer Price Index (CPI). Projections indicate that by 2025, the CPI will rise to 111.8 from a base of 100 in 2020, reflecting a 3.5% increase compared to the previous year. Such inflation has significantly added to the financial burdens faced by households, prompting many to adopt more cautious spending behaviors.

Consumers are now more inclined to scrutinize their expenditures, particularly regarding fixed costs like food and utilities. This shift demands a more prudent selection of services based on pricing and cost-performance ratios. In response to these evolving needs, Renxa launched its innovative "Lifestyle Advisor" service in December 2022, streamlining the process of switching utility services during relocations. Since its inception, it has attracted approximately 250,000 annual users, simplifying the burden of moving and helping to reduce costs.

On the other hand, the Insurance Review Group has established itself as a significant player in the sector, deploying over 50 insurance products through its network of around 350 outlets nationwide. Their vision as a "Life Support Platformer" extends beyond just insurance to cover areas like home loans and nursing care, all offered through versatile channels such as face-to-face consultations, online services, and phone consultations.

The partnership between Renxa and the Insurance Review Group is a strategic response to the growing demand for comprehensive household finance management. With the launch of their joint service, named "Household Budget Review Center," both companies aim to merge their strengths to offer a more holistic support system for clients. This service will also address previously challenging aspects related to managing costs associated with utility suppliers during insurance reviews, ultimately improving user satisfaction.

Overview of the Household Budget Review Service

The new service, made accessible via the official LINE account of Insurance Review Group, allows customers to easily schedule appointments. During these calls, Lifestyle Advisors will propose various plans regarding essential services such as electricity, gas, internet, and water dispensers. Importantly, the application process can be managed in a single step, making it even more user-friendly. By listening closely to customer needs and tailoring plans and products accordingly, this initiative aims to reduce financial burdens and enhance the quality of life for all users.

Future Aspirations

Looking ahead, both companies are committed to enhancing user satisfaction and maximizing asset value. They aim to deepen connections with their customers, assisting individuals in creating personalized lifestyles that contribute significantly to the notion of a "good life" for everyone residing in Japan.

About the Partner Company

Company Name: Insurance Review Group, Inc.
CEO: Takuma Toyama
Headquarters: 5-17-18 Shinjuku, Shinjuku Ward, Tokyo
Established: December 2020
Website: Insurance Review Group

About Renxa Inc.

Company Name: Renxa Inc.
CEO: Koji Sakamoto
Headquarters: 3-13-3 Higashi-Ikebukuro, Toshima Ward, Tokyo
Established: April 2017
Website: Renxa Inc.

Note: The trademarks "Lifestyle Advisor" and "Lifestyle Advisor Global" are registered trademarks of Renxa Inc. Users should contact the company before utilizing these trademarks.