CONTENT FROM SOMPO HOLDINGS
Healthcare is the fi eld in which SOMPO’s data is making
the most signifi cant diff erence right now. Even before the
pandemic, SOMPO was using technology to revolutionize
elder care at its facilities, using innovations tested at
SOMPO’s Future Care Lab in Japan. This allows them to
tailor care for each individual while giving seniors more
freedom and independence, making their golden years
richer and more fulfi lling.SOMPO’s use of technology helped Japan avert a
catastrophe. Nursing homes have been epicenters of
Covid-19 outbreaks in many countries. But SOMPO’s
approach minimized the need for physical contact at its
400 nursing homes by using a video conference system.
This is reducing the risk of Covid-19 transmission along
with other standard precautions. The result is that a very
small percentage of Covid-19 deaths in Japan have been at
nursing homes.The New York Times wrote that Japan’s positive nursing
home experience “may off er important lessons for the
entire industry as it reviews policies and protocols for the
next possible world health crisis.”Those lessons fi t neatly with SOMPO’s philosophy:
technology should benefi t people and society. “That is our
philosophy when thinking about Japan’s social issues,”
Sakurada says. And so the company keeps learning
and creating new and better solutions to the problems
we all face. SOMPO’s central pillar is still insurance, not
technology. But SOMPO is harnessing new technologies
to more eff ectively protect its customers – and to create a
safer, healthier, more secure world. SOMPO’s Theme Park
for Security, Health and Wellbeing is still under construction.
However, it is well worth the price of admission today.SOMPO possesses a treasure trove of ‘real data’ – data
acquired through sensors that detect real-world activities.
The company has amassed vast volumes of valuable
information on accidents, catastrophes, lifestyles, health
and nursing care. Using that information, SOMPO provides
solutions that prevent accidents and illness. SOMPO
handles its data with care and the utmost respect for privacy
because it values the trust of its customers.
SOMPO’s customers come from every walk of life, and the
company is committed to making positive contributions to
society.
No company can solve complex social issues on its own.
To maximize its impact and expertise, SOMPO is building
partnerships with elite global fi rms in a wide variety of
disciplines. SOMPO’s latest collaboration is one of its most
promising.
Last November, the fi rm forged an alliance with Palantir
Technologies Inc. of the United States to found Palantir
Technologies Japan. In 2020, Palantir Technologies Inc.’s
advanced software platforms were deployed to support the
global COVID-19 response at institutions including the U.S.
Department of Defense, multiple U.S. government health
agencies, the United Kingdom’s National Health Service,
and others.
At Sompo International, a global specialty provider of
property and casualty insurance and reinsurance outside
Japan, tracking climate change, which is threatening global
food security, is another challenge. AgriSompo, Sompo
International’s global agricultural platform, partners with
farmers to address these weather-related risks and assists
in mitigating losses. Pioneering weather index insurance,
AgriSompo is helping farmers battle droughts and fl oods
while working with agro-technology fi rms globally, including
our exclusive partnership with CropTrak, a U.S.-based tech
company that collects , tracks and verifi es data along the
entire food supply chain. Through these strategic alliances,
the company customizes solutions that support and
address farmers’ concerns, enabling them to make better,
more intelligent business decisions, improve traceability,
satisfy sustainability reporting and deliver healthy, nutritious
food to markets.