Overseas Insurance

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Completion of Acquisition of Endurance Specialty Holdings Ltd.("Sompo International")

Sompo Japan Nipponkoa Insurance, Inc., a wholly owned subsidiary of Sompo Holdings, Inc. ("SOMPO"), has completed the acquisition of Sompo International in March. Sompo International is a specialty insurance group with an experienced management team with a strong track record as well as an underwriting team with superior insurance underwriting techniques. It operates its insurance and reinsurance business in, among other regions, the U.S. Through the Acquisition, SOMPO will acquire a strong operating base in the U.S., the world largest insurance market, and SOMPO’s overseas insurance business portfolio will become more geographically diversified. With "SOMPO INTERNATIONAL" brand, Sompo International will contribute to the group as a platform of insurance and reinsurance business in developed countries.

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.

Overseas Network

web site Operating Companies
U.S.A, U.K, Italy, Switzerland, Spain, Germany, Bergium, France, Singapore, Bermuda
U.S.A, Ireland, U.K, Netherlands, Switzerland, Bermuda, Singapore, Malaysia
Turkey
- Singapore
Malaysia
Singapore
China
China
Brazil
- Brazil
Universal Sompo General Insurance Company Limited India
PGA Sompo Insurance Corporation Philippines
PT Sompo Insurance Indonesia Indonesia
PT Indomobil Sompo Japan - Indonesia
Sompo Insurance (Thailand) Public Company Limited Thailand
Sompo Brokers (Thailand) Company Limited - Thailand
United Insurance Company of Vietnam Vietnam
Sompo Consulting Korea Inc. - Korea
Sompo Japan Nipponkoa Reinsurance Company Limited - China
Sompo Systems (Dalian) Inc. - China
SOMPO Taiwan Brokers Co., Ltd. Taiwan
Eterna Insurance Company Limited - Bermuda
Sompo Japan Nipponkoa do Brasil Ltda. - Brazil
Sompo Seguros Mexico, S.A. de C.V. Mexico

plus 111 companies