#Japan #Insurance Technology #Aomori #Aomori Bank #Ayrick Corporation

Aomori Michinoku Bank Enhances Insurance Analysis with AS System

Aomori Michinoku Bank has recently begun implementing the AS System, a cutting-edge analysis tool developed by Ayrick Corporation, effective October 1, 2025. This innovative system aims to revolutionize how insurance policies are analyzed and understood by customers, assisting in the growing trend of financial institutions offering comprehensive insurance services.

Rise in Demand for Insurance Analysis Systems

The uptake of the AS System has shown a substantial growth trend since 2016. The number of banks using this system has nearly doubled in the last five years, highlighting the escalating demand for efficient insurance analysis within the banking sector. As more banks diversify their service offerings to include insurance sales, there is an increasing necessity for systems like AS that aid in customer decision-making processes.

Background of AS System Development

Ayrick Corporation, headquartered in Bunkyo-ku, Tokyo, operates the first insurance shop chain in Japan known as Hoken Clinic®. This chain comprises 299 locations nationwide, providing a broad range of insurance options from about 50 different companies. The Hoken IQ System® developed by Ayrick aids consultants in guiding customers towards insurance products that best meet their needs without allowing individual biases to interfere.

Motivated by a desire to make insurance selection more transparent for the general public, the AS System was introduced as a more adaptable version of the Hoken IQ System. This aims to provide a similar user-friendly experience to banking institutions and financial consultants across Japan, further enhancing customer engagement and satisfaction.

Features of the AS System

The AS System's insurance policy analysis feature provides a visual representation of coverage details, clarifying exactly what protections customers currently have and until when. This visual data representation allows clients to understand their insurance landscape quickly, as it aggregates information from multiple policies into one clear graph. The system is designed to simplify user interactions significantly; utilizing the 'Easy Input' feature, clients can complete their data entry in as little as three minutes, covering major insurance offerings from 48 companies and approximately 1,500 products.

Additionally, with the AI-assisted policy analysis feature, users can upload images of their insurance documents to facilitate easier analysis, completely bypassing traditional data entry.

Pricing Structure

For financial institutions interested in employing the AS System, the initial registration fee is set at 200,000 JPY (excluding tax), with a monthly service fee starting at 100,000 JPY.

Future Developments

Ayrick Corporation plans to expand its offerings beyond the AS System. By leveraging AI technologies through its subsidiary, InfoDio, the company aims to develop new systems and applications tailored for the insurance market's demands. This will include custom solutions for insurance agents as well as tools designed for diverse sales channels, ensuring better consulting services throughout the insurance space.

Introduction of Additional Services

Ayrick also plans to introduce other products under the AS brand:

• - AS-BOX: This tool enables the simultaneous comparison of various insurance products, creating comparative charts that facilitate easy understanding for clients, priced at 33,000 JPY for an initial registration per ID and 18,000 JPY monthly. More Info on AS-BOX
• - AS-FINDER: By utilizing AI technology, this system allows users to swiftly locate relevant information from insurance documentation, enhancing the efficiency of information retrieval based on selected insurance terms. Pricing may vary according to the number of IDs used. More Info on AS-FINDER.

Company Overview

Ayrick Corporation is publicly traded on the Tokyo Stock Exchange under the stock code 7325. Since its establishment in July 1995, the company has been dedicated to transforming the insurance distribution landscape through technology, aiming to enable everyone in this 100-year life era to lead a future they are content with. More insights into Ayrick can be found on their official website: Ayrick Corporation.