The value provided by digital business is geared towards achieving SOMPO’s Purpose
Seeking to foster the security, health, and wellbeing of customers and help achieve the SDGs, we make full use of digital, AI, and data analysis technologies to provide new customer value in various ways. These include promoting behavioral change through risk visualization, improving quality of life (QoL) through various health support initiatives, and furthering the advancement of women.
Target Profile
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.
Strengths, Opportunities and Risks
Strengths |
- Real data obtained from business activities (20 million people in insurance business; 100,000 people in nursing care business)
- Technical capabilities and network of strategic partners, such as Palantir and ABEJA, that excel in data analysis and AI applications
- Global R&D system (Tokyo, Silicon Valley, Tel Aviv)
- Rigorous recruitment of external talent (executives, business development, engineers, data scientists, UI/UX designers)
- Track record of verification tests using advanced digital technologies
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Opportunities |
- Growing need for increased productivity in all industries due to decline in active workforce and scarcity of
diverse and specialized human resources
- New business opportunities using real data in a “connected society” through IoT, CASE, smartification, etc.
- Adapting best digital transformation practices from overseas to the Japanese market
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Risks |
- Emergence of new players and business models unfettered by boundaries of ownership, use, industry, or business category (characterized by development of sharing economy)
- Emergence of new risks, such as cyber attacks, new infectious diseases, and intensification of natural disasters
- Excessive competition to attract digital talent (difficulty in securing and training talent)
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