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

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.

Rebranding of Canopius Group as SOMPO CANOPIUS (February 2016)

As part of SOMPO Group’s branding strategy, the corporate logo of Canopius Group, was rebranded as SOMPO CANOPIUS in February 2016.
SOMPO Holdings and its subsidiaries aim to grow further and enhance their global presence under the new brand and logo.

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
<Countries and Regions>
 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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