2016-09-02 updated
CYBERDYNE, INC. (the “Company”) has signed a business collaboration agreement with Daido Life Insurance Company (“Daido Life”), part of the T&D Insurance Group, to jointly create private insurance plans for treatment with HAL for Medical Use (Lower Limb Type) (hereafter referred as “HAL for Medical Use”), the world’s first robotic treatment device using Cybernics* technology. This agreement comes in the wake of the announcement for public medical insurance coverage, further expanding the possibilities toward greater access to the treatment.
With this business alliance, Daido Life will aim to develop a new insurance product to cover the treatment using HAL for Medical Use for patients with specific diseases, assuming approval from the Financial Services Agency.
While treatments administered for slowly progressive rare neuromuscular disease patients using HAL for Medical Use that are covered by public medical insurance have begun today, September 2, 2016, this project to collaborate with a private insurance company will further accelerate the spread of accessibility to HAL for Medical Use. In addition, news of this project should relieve concerns about treatment using cutting-edge technology and allow patients with slowly progressive rare neuromuscular diseases, which have been considered intractable even with modern medicine, to receive the treatment without anxiety.
The new partner Daido Life is a core company of the T&D Life Group whose business philosophy is centered around a goal to “Try & Discover” new values that contribute to society and mankind. This business philosophy shares many areas of business in common with the Company whose goal is to provide solutions to the problems that the society faces such as a super aging society and to realize a “Zero Intensive Care Society.”
By combining the innovative Cybernics* technology with insurance, the two companies hope to generate synergy in a wide range of business fields, advance medical innovation, and establish a society of health and longevity.
Outline of Daido Life
As a core company of T&D Life Group, Daido Life has built a solid position as the leading provider of term life insurance in the small and medium enterprise (“SME”) market. Amongst the founders of Daido Life was Asako Hirooka, known as one of the first female entrepreneurs in modern Japan. Daido Life inherited her challenging spirit that gave her success in many businesses, and built its position today by adapting to the changing times and taking on unprecedented challenges, most notably, “strategically changing the business model (focusing on the SME market) (1970’s),” “becoming Japan’s first Life Insurance Company that was demutualized and converted to a publicly traded joint stock company (2002),” and “becoming the pioneer of disability income insurance in the corporate market (2010’s)”.
Name: Daido Life Insurance Company
Location: （Osaka HQ）1-2-1 Edobori, Nishi, Osaka, Japan
（Tokyo HQ）2-7-1 Nihonbashi, Chuou, Tokyo,Japan
Representative: President and CEO Minoru Kudo
Business Line: Life Insurance
Market Capital: 110 billion
Founded: Reestablished as a mutual company in July 1947
(Founded July 1904)
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