Time - USA (2022-01-31)

(Antfer) #1
In the information age, data is gold. A precious
commodity, in responsible hands data can be a force for commodity, in responsible hands data can be a force for
the common good. As one of Japan’s largest providers the common good. As one of Japan’s largest providers
of insurance and nursing care, SOMPO has amassed of insurance and nursing care, SOMPO has amassed
a treasure trove of data on human health, safety, and a treasure trove of data on human health, safety, and
security. Ensuring wellbeing, however, requires more security. Ensuring wellbeing, however, requires more
than statistics. On its own, data is just a jumping-othan statistics. On its own, data is just a jumping-o point. point.
Interpreting and making the most of that informationInterpreting and making the most of that information
requires new and advanced technologies. requires new and advanced technologies.

SOMPO is embracing those technologies. WSOMPO is embracing those technologies. With its ith its
digital labs in Tokyo, Silicon Valley and Tel Aviv, anddigital labs in Tokyo, Silicon Valley and Tel Aviv, and
through partnerships with cutting-edge global tech through partnerships with cutting-edge global tech
fi rms, SOMPO is evolving into a new kind of company. fi rms, SOMPO is evolving into a new kind of company.
“This moment is the beginning of our transformation, “ “This moment is the beginning of our transformation, “
says Kengo Sakurada, Group CEO of SOMPO Holdings. says Kengo Sakurada, Group CEO of SOMPO Holdings.
“Going forward, we will be defi ned not as an insurer, but “Going forward, we will be defi ned not as an insurer, but
as a fi rm that oas a fi rm that o ers security, health and wellbeing.” ers security, health and wellbeing.”

To transform that defi nition into reality, SOMPO and its To transform that defi nition into reality, SOMPO and its
partners are building a Real Data Platform. Its foundation partners are building a Real Data Platform. Its foundation
is the wealth of detailed, proprietary information is the wealth of detailed, proprietary information
SOMPO has collected on accidents, weather and natural SOMPO has collected on accidents, weather and natural
disasters, human health and various other fi elds. Wdisasters, human health and various other fi elds. With its ith its
Real Data Platform, the company is collaborating with Real Data Platform, the company is collaborating with
top-echelon tech fi rms such as leading software provider top-echelon tech fi rms such as leading software provider
Palantir Technologies, the startup One Concern, and Tier Palantir Technologies, the startup One Concern, and Tier
IV. Together they apply artifi cial intelligence, state-of-the IV. Together they apply artifi cial intelligence, state-of-the
art modeling, and knowledge management to synthesize art modeling, and knowledge management to synthesize
the raw information in creative and innovative ways. the raw information in creative and innovative ways.

The result is that SOMPO’s Real Data Platform isThe result is that SOMPO’s Real Data Platform is
predictive, not reactive. It can be used to forecast in predictive, not reactive. It can be used to forecast in
detail what type of damage a disaster would causedetail what type of damage a disaster would cause
in a certain location at a certain time, or what illness in a certain location at a certain time, or what illness
a patient is bound to experience soon. That creates a patient is bound to experience soon. That creates
opportunity, allowing time for preparation or prevention. opportunity, allowing time for preparation or prevention.
“We can see what will happen in the future, and we can “We can see what will happen in the future, and we can
use that knowledge to solve social problems,” Sakurada use that knowledge to solve social problems,” Sakurada
says. Wsays. While data is a prized asset, privacy and securityhile data is a prized asset, privacy and security
are also central to the Real Data Platform technology are also central to the Real Data Platform technology
and philosophy.and philosophy.

CONTENT FROM SOMPO HOLDINGSCONTENT FROM SOMPO HOLDINGS

Building on its Real Data Platform,
Japan’s SOMPO is evolving
into an architect of security
health and wellbeing.

Real Data


is the Key to


Real Solutions


Going forward, we will be

defi ned not as an insurer, but


as a fi rm that o ers security,
health and wellbeing
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