“The times they are a-changin’,” Bob Dylan sang during
a turbulent decade long ago. Today, as global leaders
gather in Davos for the World Economic Forum 2022,
Dylan’s words ring truer than ever. Our world is in a time
of profound and complex change. Advances in science
and technology are improving lives and creating new
global possibilities. At the same time, existential risks
are rising; deadly pandemics, military aggression,
cybercrime and warfare, and the most dangerous threat
of all – climate change. In these uncertain times, people
are naturally searching for safe havens. More than ever,
they feel the need for security, health and wellbeing.
SOMPO can deliver on those needs. While it may be a new
and unfamiliar name to some, SOMPO Holdings is one of
the largest insurers and nursing care providers in Japan.
And it has a long and proven history of helping people.
The SOMPO story began in 1888, over 130 years ago, with
thethethe founding of its predecessor, the Tokyo Fire Insurance the founding of its predecessor, the Tokyo Fire Insurance founding of its predecessor, the Tokyo Fire Insurance
Company.ComComCompany.pany. It was Japan’s fi rst fi re insurance fi rmpany. It was Japan’s fi rst fi re insurance fi rmIt was Japan’s first fire insurance firm, which, which , which
representedrepresentedrepresented a bold innovation at the timrepresented a bold innovation at the tima bold innovation at the time. But what trulye. But what truly e. But what truly
distinguisheddistinguisheddistinguished the comdistinguished the comthe company was what it did next.pany was what it did next. pany was what it did next.
CONTENT FROM SOMPO HOLDINGSRather than just pay compensation after losses, the fi rm
decided it would also work to prevent disasters. It created
the Tokyo Fire Brigade. As the only private-sector fi refi ghters
of their day, they were always at the ready, responding
to countless blazes, saving homes, businesses and lives.
That proactive approach became part of SOMPO’s DNA.
Today, that approach is guiding the group’s transformation
into a new and unique type of enterprise beyond that of
an insurance company. “SOMPO’s Purpose” is to create a
society in which every person can live a healthy, prosperous,
and happy life in their own way. SOMPO is doing that by
building what it calls a “Theme Park for Security, Health and
Wellbeing.”If that sounds like an ambitious goal, SOMPO is well-
positioned to achieve it. Along with its pioneering vision,
SOMPO’s strengths include its size, product diversity, global
reach, distribution networks, industry-leading technologies,reach, distribution networks, industry-leading technologies,reach, distribution networks, industry-leading technologies, reach, distribution networks, industry-leading technologies,
breadth of experience and an incomparable corpsbreadth of experience and an incombreadth of experience and an incombreadth ofexperienceand anincomparableparable corps of parable corps of corpsof
talent. Since its early days, the company has steadilytalent. Since its early days, the comtalent. Since its early days, the comtalent. Sinceitsearlydays, thecompany has steadily pany has steadily panyhassteadily
grown through merging with other insurance figrowngrown through mgrown through mthroughmerging with other insurance fi rmergingerging with other insurance fi rmwithother insurancefirmsrms and ss and and
groups. In the process, it expanded its base ofgroups. Ingroups. In the process, it expanded its base of customgroups. In the process, it expanded its base of customthe process, it expandedits base ofcustomersers ers
and broadened its range of services. Partnershipsandand broadened its range of services. Partnerships have and broadened its range of services. Partnerships have broadeneditsrangeof services. Partnershipshave
also been vital, taking the firm into new fialso been vital, taking the fi rmalsobeenvital, takingthefirm into new fi elds and new intonewfields and new
countries. In 2010, it founded SOMPO Holdingscountries. In 2010, it founded SOMPOcountries. In 2010, it founded SOMPO Holdings to mcountries. In 2010, it founded SOMPO Holdings to mHoldingsto manageanage anage
its increasingly diverse portfolio. To advanceitsits increasingly diverse portfolio. To advance its global increasingly diverseportfolio. To advanceits global
goals, in 2017, it acquired Endurance Specialtygoals, ingoals, in 2017, it acquired Endurance Specialty Holdings 2017, it acquiredEnduranceSpecialtyHoldings
and established SOMPO Internationalandand established SOMPO International with a footprint inestablishedSOMPOInternationalwith a footprint in
29 countries and over 74,000 employees.29 countries and over 74,000 em29 countries and over 74,000 em29 countries and over 74,000 employees.ployees. ployees.SOMPO’s core businesses are domesticSOMPO’sSOMPO’s core businesses are domcore businesses aredomesticestic property and property and
casualty insurance, overseas insurancecasualtycasualty insurance, overseas insurance and reinsurance, insurance, overseasinsuranceand reinsurance,
domestic life insurance, nursing care anddomdomestic life insurance, nursing care andestic life insurance, nursing care and digital businesses. digital businesses.
SOMPOSOMPO SOMPO andandand itsitsits subsidiaries subsidiariessubsidiaries areareare fi nancially financially strong, strong,
their balance sheets filled with high-qualitytheirtheir balance sheets fi lled with high-quality assets and their balance sheets fi lled with high-quality assets and balancesheetsfilledwithhigh-qualityassets and
excellent liquidity. That solid financiaexcellent liquidity. That solid fi nancial footing provides the footing provides the
foundation for SOMPO to venture into newfoundation for SOMPOfoundation for SOMPO to venture into new businesses with to venture into newbusinesses with
new technologies and to operate with anewnew technologies and to operate with a social conscience. technologies and to operate with asocial conscience.
These are exemplified by the companyThese are exemThese are exemplifi ed by the complifi ed by the company’s foray into nursing pany’s foray into nursing ssforay into nursing
homes and care in Japan. SOMPO’s nursinghomhomeses and care in Japan. SOMPO’s nursing homandcareinJapan. SOMPO’snursinghomes does do
mmmmore than tend to the elderly. They employore than tend to the elderly. They emore thanore than tend to the elderly. They emtendtothe elderly. They employploy technological ploy technological technologicalDELIVERING ON THE PROMISE OF
JAPAN’S SOMPO HOLDINGS IS WORKING
TO BUILD BETTER MORE SUSTAINABLE SOCIETIES
BY PAIRING NEW TECHNOLOGIES WITH SOCIAL CONSCIENCE.SECURITY
HEALTH &
WELLBEING