ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan insurer Sompo begins Asia expansion as Western rivals retreat

Local digital partners and AI to help push Sompo's drive into Asian retail insurance

Japanese general insurer Sompo Holdings is ramping up its presence in Southeast Asia, hoping to fill the gap left behind by Western insurers.(Photo by Yoshiyuki Tamai)

TOKYO -- Japanese general insurer Sompo Holdings has embarked on a major push into Southeast Asia's giant retail market as western rivals such as the US's AIG and Insurance Australia Group retreat.

Sompo's focus on the retail business in Asia contrasts with those of its Japanese peers -- Tokio Marine Holdings and  MS&AD -- which are focused on commercial businesses such as insurance for factories, buildings and marine cargo. Raising its brand recognition will be key if Sompo were to succeed in the retail market dominated by local players.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more