Domestic property and casualty insurance
This unit sells auto, fire, accident, and other non-life insurance in Japan. It also handles claims and related services for policyholders after losses happen.
Customers and revenue model
Sompo Holdings Inc
F:ANK
Sompo Holdings Inc
F:ANK
Price:
40.16
EUR
1.7%
Market Closed
Market Cap:
€39.8B
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Company Overview
Business Description
- Sector
- Financials
- Industry
- Insurance
- Headquarters
- Japan JP
- Employees
- 54 741
- IPO date
- Apr 1, 2010
Sompo Holdings is a Japanese insurance group. Its main business is property and casualty insurance, which means it sells policies that protect people and companies against losses from accidents, disasters, liability claims, and other everyday risks. It also has life and health insurance businesses, plus related services such as nursing care and senior support in Japan.
Its main customers are households, small businesses, large corporations, and public-sector clients. Sompo makes money mainly by collecting insurance premiums and then investing those funds until claims are paid. In its care and service businesses, it earns fees for running facilities and providing support services.
What makes Sompo different is that it sits at the center of risk management rather than making physical products. It helps customers transfer financial risk to an insurer, and it uses underwriting, claims handling, and asset management to make that model work. The company also has a broader role in Japan’s aging society through its care services, which gives it exposure beyond traditional insurance.
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