Domestic P&C Insurance

Providing high-quality P&C
insurance products and services
that respond to diversifying risks.

The domestic P&C insurance business meets a variety of customer needs through three companies. Sompo Japan Insurance Inc. is the Group’s core business and sells insurance through agencies. SAISON AUTOMOBILE AND FIRE INSURANCE COMPANY, LIMITED, is responsible for direct sales. Further, Sompo Japan DC Securities Inc. provides defined contribution pension fund management services. Sompo Risk Management Inc. provides business continuity management and planning (BCM / BCP), enterprise risk management (ERM) and cybersecurity measures.

Strengths

Market Share (Sompo Japan)

Market Share in Domestic P&C Insurance

Sompo Japan, our core business company, has a large share in the Japanese P&C insurance market.

Source: Insurance, Hoken Kenkyujo (Insurance Research Institute)
Based on total domestic net premiums written of direct insurers, which have corporate status or branches in Japan, excluding reinsurance companies

Customer Base(Sompo Japan)

We aim to offer a wider range of services that provide even more customers with security, health, and wellbeing.

Sales Network(Sompo Japan)

We are building a wide range of sales networks including specialized professional agencies, companies, and dealers to become a familiar and trusted presence for customers.

  • Gross premium on a performance evaluation basis, excluding saving-type insurance

Topics

Product development under the brand slogan “Innovation for Wellbeing”

To date, Sompo Japan has fulfilled its social responsibilities through the essential function of insurance such as covering economic loss on the occurrence of an accident. Looking ahead, Sompo Japan believes its social role is to proactively contribute to resolving various issues of customers and society, and to this end will accelerate product development based under the brand slogan “Innovation for Wellbeing.”
<Sompo Japan’s brand slogan>
In May 2021, Sompo Japan raised its vision to “Deliver a certain tomorrow full of happiness and vitality to all people, communities, and society” in its Mid-term Management Plan started in FY2021, and adopted the brand slogan “Innovation for Wellbeing.”

Began providing the safe driving assessment app SOMPO Drive and Safe Driving Discount

In April 2023, Sompo Japan Insurance Inc. began providing SOMPO Drive, a smartphone app that assesses driving safety and calculates a safe driving score that may be applied to automobile insurance discounts. At the same time, Sompo Japan has reinstated the Safe Driving Discount, which had been discontinued at the end of March 2022.
When conditions are met, a safe driving score will appear in the SOMPO Drive app. In cases where a customer who enrolls in automobile insurance for the first time signs up for Sompo Japan’s automobile insurance, the customer will be eligible to receive a Safe Driving Discount based on his or her safe driving score.

Began providing the Easy Household Belongings Assessment Tool in support of customers’ disaster readiness

In June 2023, Sompo Japan began providing the Easy Household Belongings Assessment Tool, the industry’s first online tool that allows customers to visualize the assessment value of their household belongings.
To ensure that they can receive sufficient compensation in the event of a disaster, customers can confirm and make sure that the assessment value of their household belongings is acceptable.
Sompo Japan will help customers to prepare for the unlikely event of a large-scale disaster through this tool, which will allow customers to easily simulate the assessment value of their household belongings with a smartphone or PC.

Began providing the Space Business Support Service

In November 2023, Sompo Japan and Sompo Risk Management Inc. began providing the Space Business Support Service.
The service will provide technical consulting to customers seeking to develop small artificial satellites, along with comprehensive support for measures to resolve risks. Its main feature is to provide support to projects in collaboration with customers from a technical perspective, starting from the development stage.
Sompo Japan and Sompo Risk Management will strive to monitor the actual in-orbit risk situation through the provision of this service and will also utilize this data to develop and supply in-orbit insurance.
Looking ahead, the two companies will broaden the service to cover a wider range of companies entering the space business, with the goal of upgrading and expanding services to meet a diverse array of needs.

Began providing Personalized Claims Service Videos

In July 2023, Sompo Japan began providing videos that explain to customers who have been involved in automobile accidents issues such as the impact that an accident will have on premiums for their next policy. The videos provide clear explanations according to each customers’ policy details.
Customers often find it particularly difficult to understand the impact of accidents on automobile insurance premiums in the following and subsequent fiscal years. Videos are created for this issue based on the customer’s policy details. URLs to the video are sent by email, LINE and other channels according to customer requests. Customers can now confirm the video’s explanations at any time, from anywhere, and as many times as they like from their own devices.

[SAISON AUTOMOBILE AND FIRE INSURANCE COMPANY] Adding a New Service Related to EVs to the Service Site SA·PO·PO

In September 2023, SAISON AUTOMOBILE AND FIRE INSURANCE added the EV Service to its service site SA·PO·PO, which provides safe, convenient, and inexpensive services to customers daily. The new EV Service offers complete support to help customers resolve any EV-related difficulties and problems they may face.
Customers may use this service to acquire basic knowledge of EVs and useful information for planning their EV purchases, in addition to utilizing a search service for charging stations and accessing other resources.
*The site also provides information about new services such as an EV-specific roadside assistance service, which is only available to certain policyholders.

[Mysurance] Started sales of Overseas Travel Cancellation Insurance

In September 2023, Mysurance started sales of Overseas Travel Cancellation Insurance for overseas travelers by expanding the scope of its Travel Cancellation Insurance, which has built up a sales track record of more than 400,000 policies for domestic travel.
The insurance’s main features include coverage for a wide range of overseas travel bookings and cancellation reasons, as well as the ability for customers to sign up for insurance in as little as three minutes using their smartphones or PCs.
Customers can sign up directly via Mysurance’s official website, of course. In addition, Mysurance will take steps to make this insurance more widely available by embedding it in travel booking services in collaboration with travel agencies, travel sites, and other partners, allowing even more customers to book overseas travel with peace of mind.

[Prime Assistance] Began providing Eyeco Support, a remote support service for people with vision impairments, through service plans for companies and local governments

In March 2023, Prime Assistance began providing Eyeco Support through service plans for companies and local governments, in addition offering this service to individuals as before. Eyeco Support is a service in which operators provide vision information via smartphones.
By providing a scheme (free area plan) in which people with vision impairments can use the service free of charge, with companies or local governments bearing the cost, Prime Assistance aims to create an ecosystem that will enable society as a whole to universally provide voice-based vision information to people with vision impairments. Furthermore, Prime Assistance will offer an at-work support plan for employees that they can use during working hours. Through this support plan, Prime Assistance will help to create an environment in which people with vision impairments can work comfortably and productively.

Group Companies

Sompo Japan Insurance Inc.

The core company of the Group and the P&C company with large number of premiums written in Japan.

SAISON AUTOMOBILE AND FIRE INSURANCE COMPANY, LIMITED

An insurance company responsible for direct marketing of the Group’s P&C insurance business.

Sompo Japan DC Securities Inc.

A company specializing in defined-contribution pension plans (DC), providing a variety of services relating to DC, from plan introduction to management.

Sompo Japan Partners Inc.

As one of Japan’s largest insurance agencies, we provide comprehensive services for the security, health and wellbeing, mainly in P&C and life insurance.

Sompo Risk Management Inc.

A company provides services such as business continuity management and planning (BCM / BCP), enterprise risk management (ERM) and cyber security.

Mysurance Inc.

As the Sompo Group's small-amount, short-term insurance company, we create new experiences and value in insurance by utilizing digital technology.

Prime Assistance Inc.

An innovative assistance company that provides the highest quality service in helping customers to resolve various inconveniences in their surrounding environment.

Sompo Warranty Inc.

We are extended warranty company that provides safe,secure and the best solutions for our customers.

  • linkedin
  • facebook
  • twitter
  • line