Sompo to enter cyber security market in 2018; will seek new partners

Sompo Holdings plans to enter the cyber security business from January 2018, and is setting up new business units to strengthen its functions.

The group recently established Sompo Digital Lab in Israel, following Tokyo and Silicon Valley (US) as a base for collecting information and seeking new partners.

In December, Sompo Holdings' cyber security headquarters will be launched in Sompo Risk Management & Healthcare - the risk management company of Sompo Holdings - which will be branded as Sompo Risk Care, of which Yasushi Fuse serves as president and CEO.

Sompo Holdings' future plans will start by expanding its business within the Greater Tokyo Area, and consider expanding nationwide.

In a statement, Sompo said it will continue to expand alliances with domestic and overseas businesses including those with advanced technologies.

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