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Sompo Holdings company logo
Holding Company
FINANCE | Insurance
sompo-hd.com

Investments

55

Portfolio Exits

8

Funds

1

Partners & Customers

10

About Sompo Holdings

Sompo Holdings (TYO: 8630) is a holding company encompassing Sompo Japan and Nipponkoa Insurance, mainly engaged in non-life, life insurance and other related financial services. Sompo Holdings consists of property and casualty insurance companies, Sompo Japan, Nipponkoa, Saison Automobile & Fire, life insurance companies NKSJ Himawari Life and Sompo Japan DIY Life, and other businesses including asset management company, Sompo Japan Nipponkoa Asset Management.

Headquarters Location

26-1, Nishi-Shinjuku 1-chome Shinjuku-ku

Tokyo, 160-8338,

Japan

+81 (0)3 3349 3111

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Research containing Sompo Holdings

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CB Insights Intelligence Analysts have mentioned Sompo Holdings in 3 CB Insights research briefs, most recently on Sep 3, 2020.

Latest Sompo Holdings News

Palantir Signs $50 Million Expansion with SOMPO Holdings

Feb 2, 2023

Share Palantir Technologies Inc. and Palantir Technologies Japan K.K. announced a $50 million, five-year expansion of its work with SOMPO Holdings (SOMPO) and its group companies including SOMPO Japan, the company’s insurance business. This expansion will enable the roll out of critical workflows across 10,000+ salespeople within SOMPO Japan, further developments of SOMPO’s Real Data Platform (RDP), and many other critical growth opportunities across SOMPO Holdings. Thousands of users across SOMPO use Palantir Foundry as the backbone of the company’s projects to realize digital transformation and work within the RDP, designed to improve security, health, and wellbeing in Japan and beyond. Within SOMPO Japan, use of Foundry to-date has been focused on improving profitability for the commercial insurance business, and supporting disaster response. One workflow alone has already delivered significant value in terms of underwriting profits to SOMPO Japan, and is now being rolled out to 10,000+ salespeople across the Japanese insurance business. The organization’s disaster response work has also delivered substantial results — streamlining traditionally labor-intensive efforts such as exchanging information with inspectors and processing claims into reusable workflows across disasters that can now be executed in days. Within SOMPO Care, Foundry is used by hundreds of care staff across nearly 300 long-term care facilities to connect hundreds of recipient parameters into flexible and recipient-specific long-term care plans. SOMPO has also recently started to use Foundry to enable secure government reporting, replacing highly manual and CSV-based email sharing with an automated and live-updating workflow that connects SOMPO care providers with critical government regulations, funding requirements, and more. “As Palantir’s most important partner in Japan, we SOMPO will continue to expand our efforts in DX to increase our own operational efficiency and profitability and in creation of RDP, by using Foundry,” says Mikio Okumura, Group COO, Director, President and Representative Executive Officer, SOMPO Holdings. “In parallel, SOMPO will promote DX for Japanese companies, government agencies, and society through Palantir Technologies Japan, which was jointly established by SOMPO and Palantir.” Related Posts “Our work with SOMPO is the combination of a visionary customer, a critical and time-sensitive challenge, and profound technology,” says Palantir CTO,  Shyam Sankar . “The expansion of our work across more of SOMPO Care, into SOMPO Japan and elsewhere, is emblematic of our joint ambition with SOMPO to support Japan as a global leader.” SOMPO has evolved from a traditional insurance firm, founded in the late 19th century, to a digitally transformed, multinational company that actively partners in research and develops real solutions to critical challenges, such as the nation’s aging population. Since 2019, SOMPO has used Foundry as the backbone of its RDP solution. RDP is a collaborative ecosystem designed to improve patient care, increase resiliency, modernize real-world operations, and create a connected healthcare infrastructure that enables collaboration between research institutions, government agencies, and private industry in Japan and abroad.

Sompo Holdings Investments

55 Investments

Sompo Holdings has made 55 investments. Their latest investment was in Gojo & Company as part of their Series E on November 11, 2022.

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Sompo Holdings Investments Activity

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Sompo Holdings Portfolio Exits

8 Portfolio Exits

Sompo Holdings has 8 portfolio exits. Their latest portfolio exit was SoundHound on April 28, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/28/2022

Reverse Merger

$99M

8

3/15/2022

Acquired

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$99M

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10

2/23/2022

Acquired

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$99M

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10

2/1/2022

Acquired

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$99M

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10

12/30/2021

Divestiture

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$99M

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10

Date

4/28/2022

3/15/2022

2/23/2022

2/1/2022

12/30/2021

Exit

Reverse Merger

Acquired

Acquired

Acquired

Divestiture

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

8

10

10

10

10

Sompo Holdings Acquisitions

6 Acquisitions

Sompo Holdings acquired 6 companies. Their latest acquisition was A&A on February 09, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/9/2018

$99M

Acquired

1

1/3/2018

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$99M

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10

1/3/2018

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$99M

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10

1/3/2018

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$99M

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10

3/28/2017

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$99M

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10

Date

2/9/2018

1/3/2018

1/3/2018

1/3/2018

3/28/2017

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

10

10

Sompo Holdings Fund History

1 Fund History

Sompo Holdings has 1 fund, including Israel Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Israel Investment Fund

1

Closing Date

Fund

Israel Investment Fund

Fund Type

Status

Amount

Sources

1

Sompo Holdings Partners & Customers

10 Partners and customers

Sompo Holdings has 10 strategic partners and customers. Sompo Holdings recently partnered with Reinsurance Group of America on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/10/2022

Partner

United States

RGA and Sompo Announce Partnership to Improve Eldercare.

Through the partnership , RGA and Sompo Holdings , Inc. will work to introduce products and services to help customers and their families strengthen their health and financial wellbeing .

1

10/5/2022

Partner

United States

Reinsurance of America Incorporated : RGA and Sompo Announce Partnership to Improve Eldercare

Through the partnership , RGA and Sompo Holdings , Inc. will work to introduce products and services to help customers and their families strengthen their health and financial wellbeing .

1

4/1/2021

Partner

Japan

1/14/2021

Vendor

Israel

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10

1/7/2021

Partner

United States

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10

Date

10/10/2022

10/5/2022

4/1/2021

1/14/2021

1/7/2021

Type

Partner

Partner

Partner

Vendor

Partner

Business Partner

Country

United States

United States

Japan

Israel

United States

News Snippet

RGA and Sompo Announce Partnership to Improve Eldercare.

Through the partnership , RGA and Sompo Holdings , Inc. will work to introduce products and services to help customers and their families strengthen their health and financial wellbeing .

Reinsurance of America Incorporated : RGA and Sompo Announce Partnership to Improve Eldercare

Through the partnership , RGA and Sompo Holdings , Inc. will work to introduce products and services to help customers and their families strengthen their health and financial wellbeing .

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Sources

1

1

10

10

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