Digital Business

The digital business will develop solutions and business models based on Real Data Platform (RDP).

Insurance provides peace of mind through the payment of benefits when unexpected events occur, such as accidents and illness. Through the digital transformation of society, however, we aim to prevent these unexpected events and mitigate accidents, disasters, and illness, and thus can create a world of security, health, and wellbeing that does not require insurance.

Strength

Utilize of real data, the technology and network of strategic partners

Utilize of real data, the technology and network of strategic partners

As a leading player in insurance and nursing care businesses, our strengths are our ability to obtain vast amounts of real data from 20 million insurance customers and 100,000 nursing care-related data, and our strong partnerships with Palantir, one of the world's leading data analysis technologies, and ABEJA, which has an excellent track record in AI and data analysis.

Global R&D system (Tokyo, Silicon Valley, Tel Aviv)

  1. SOMPO Digital Lab Tokyo : Acts as a control tower for promoting innovation in the Company and supports R&D in each of the Sompo Group’s businesses.
  2. SOMPO Digital Lab Silicon Valley : We are gathering information on the latest digital technologies and building networks with leading local companies.
  3. SOMPO Digital Lab Tel Aviv : We are gathering information on cutting-edge technologies and building networks, including finding partners to support our customers in areas such as cyber security, healthcare, and mobility.

Since the establishment of the Digital Strategy Planning Department in April 2016, we have been working on transforming existing businesses and creating new businesses by gathering information on cutting-edge technologies and building networks with leading local companies, etc., with the aim of achieving digital transformation (DX) for the entire Sompo Group under the Sompo Digital Lab’s three-base structure in Tokyo, Silicon Valley, and Tel Aviv.

Topics

SOMPO AND PALANTIR LAUNCH “Real Data Platform for Security, Health and Wellbeing” (June 2020)

SOMPO Holdings, Inc. and Palantir Technologies Inc. announced their intent to launch a “Real Data Platform for Security, Health and Wellbeing”, powered by Palantir Foundry. The launch of the new “Real Data Platform for Security, Health, and Wellbeing” will strengthen the relationship among SOMPO, Palantir, and Palantir Japan (“the three parties”) and will accelerate their contribution to the digital transformation of Japanese commercial and governmental institutions. This platform will combine SOMPO’s mission of “Creating a Theme Park for Security, Health and Wellbeing of Customers” with Palantir’s mission of enhancing security, privacy and civil liberties.

Establishment of Sompo Light Vortex, Inc, a Subsidiary for Digital Businesses(July 2021)

SOMPO Holdings established SOMPO Light Vortex on July 1, 2021 as an operating company in the digital business. SOMPO Holdings has set "New Customer Value Creation" as one of the pillars of its core strategies in its medium-term management plan starting in FY2021, and established SOMPO Light Vortex to commercialize the digital domain and to strengthen the creation of services using digital technology that appeal to customers and to capture new business opportunities. SOMPO Light Vortex aims to provide value to society and customers through the practical application and commercialization of services using digital knowledge and digital elemental technologies.

Launch Online B to B Auction Business - Establishment of SOMPO AUX - (September 2020)

SOMPO Holdings, Inc. has full-fledged entered B to B auction business from September 2020. Sompo Japan Insurance Inc., (Sompo Japan), a subsidiary of SOMPO Holdings, takes in and sells approximately 50,000 vehicles per year that have been involved in accidents as part of its automobile insurance business, instead of paying insurance claims to customers. Selling these vehicles in an optimal manner and increasing the ratio of vehicles that are reused as used vehicles or parts can be one of the elements to realize a recycling-oriented society. For Sompo Japan, the sale of these vehicles to the most suitable buyers at a higher price could also lead to improved profits in the automobile insurance business.

Group Companies

SOMPO Light Vortex Inc.

SOMPO Light Vortex provides new products and services utilizing digital technology with the aim of offering new value to customers and the society.