29 November 2017Insurance

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.

Take part in our reader survey to be in with a chance to win a £3,000 corporate subscription to Intelligent Insurer

More of today's news

LMG proposes free trade agreement to retain market access post-Brexit

Lloyd's pays $1.7bn of $4.8bn claims commitment for HIM losses

Munich Re's ERGO pulls back on life insurance sale talks

InsurTech Gateway receives approval from FCA as start-up accelerator

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
21 November 2017   Bermuda-based Sompo International Holdings (SI), a specialty provider of property/casualty re/insurance and wholly owned subsidiary of Sompo Holdings, plans to establish a new European insurance headquarters based in Luxembourg.
Insurance
3 October 2017   Sompo International Holdings (SIH), a Bermuda-based specialty provider of property and casualty re/insurance, has announced a new organisational structure and the launch of a global insurance platform.
Insurance
4 January 2018   Sompo International's US insurance platform has reached an agreement to purchase the operating subsidiaries of Lexon Surety Group.