Overseas Insurance

As overseas insurance is an integral part of the Group’s growth strategy, we are investing our business resources in countries and regions where potential for growth exists. In May 2014, we acquired U.K.-based Canopius, a Lloyd’s insurer. We have been steadily expanding the overseas insurance business.

Strengths

Global Expansion

Overseas Investment Strategy

In developed countries, the acquisition of Canopius has enabled the Group to make a full-scale entry into the overseas specialty market, so we can expect contributions to stable growth going forward. At the same time, we aim to become a major player in the emerging countries of Brazil, Turkey and Malaysia—important regions where our group company is already around the top 10 insurance companies.

Topics

Received the Grand Prize in the Second Sustainable Finance Awards. (January 2017)

Sompo Japan Nipponkoa Insurance Inc. has received the Grand Prize in the Second Sustainable Finance Awards conducted by the Research Institute for Environmental Finance (RIEF) for the Company’s activities to provide weather index insurance to farmers in Southeast Asia. REIF is engaged in activities to promote the widespread use of environmental finance and raise related awareness. Weather index insurance is an insurance product that pays out a contractually predetermined insurance amount when a weather index – such as for temperature, wind speed, rainfall, or hours of sunshine – fulfills certain conditions. The award gave Sompo Japan Nipponkoa Insurance Inc. high marks for undertaking product development as a climate change mitigation measure, along with supporting small farmers in developing countries. Going forward, Sompo Japan Nipponkoa Insurance Inc. will continue to provide a broad range of weather index insurance to farmers facing natural disaster risk in Southeast Asia.

Bancassurance Agreement in ASEAN Region (June 2016)

In June 2016, subsidiary Sompo Holdings (Asia) Pte. Ltd. entered into a long-term, regional non-life bancassurance distribution agreement with CIMB Group Holdings Berhad, one of ASEAN’s largest banking groups. This agreement has enabled the Group to sell its products to more than 12 million customers through CIMB Group’s sales channels, including its network of approximately 1,000 branches in four ASEAN countries (Malaysia, Indonesia, Singapore, and Thailand) as well as its Internet and mobile banking platforms.

Group Companies

North America
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 U.S.A., Canada
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Europe
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 U.K., Guernsey, Ireland, Germany, Belgium, France, Netherlands, Italy, Spain, Switzerland, Russia
<Main Operating Companies>

Asia / Middle East / Africa
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 Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, Myanmar, Cambodia, India, Australia, China, Taiwan, Korea, Turkey, United Arab Emirates, Republic of South Africa
<Main Operating Companies>

Central & South America
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 Brazil, Mexico, Bermuda
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