Business

Sompo International contributes to the security, health, and wellbeing of our customers and society as a whole by providing insurance and related services of the highest quality possible.

As the Group’s Overseas Insurance and Reinsurance business, Sompo International will help drive the scale and diversification of Sompo’s overall portfolio by focusing on growing profitably through expansion into new products and new geographies, leveraging the scale of our business for competitive advantage and securing the trust of our clients in everything we do. We will be working towards a goal of generating 50% of the operating income for the Overseas operations.

The Overseas Insurance and Reinsurance business remains focused on serving international clients (both corporate and individuals), providing excellent customer service, and continuing to identify and develop new, profitable business opportunities for the future. We will support the Group’s efforts to deliver social value while also creating economic value and strengthening its fundamentals, embracing our role as a primary driver for growth and risk diversification.

Sompo International has become a stronger, dynamic and more relevant market presence, with a focus on keeping our customers and trading partners at the center of everything we do. We will continue to invest in the best talent and tools to meet the strategic goals of our business while helping to drive brand recognition around the world. As we focus on expansion and sustainable growth, our new regional structure will enable us to better leverage our underwriting acumen, market expertise and consistency of appetite as we enhance the ease of doing business around the world.

Insurance for New Risks

At Sompo International, we continue to honor our commitment and responsibility as a global corporate citizen while innovating to meet client needs. This means optimizing opportunities to utilize our products and services to address local issues as we have done within our agriculture business in order to help support a “no hunger” society and the economic viability of farmers in key markets around the world.

We are also expanding our renewable energy business to assist in the delivery of a green recovery from the global pandemic with our One Sompo One Energy approach, which includes upstream energy, downstream energy, conventional power and renewables under one umbrella to best support our clients in a seamless energy transition.

By working to create a consciously profitable organization for the benefit of all stakeholders, we can bring innovative insurance solutions to the market, and in turn, help to build a sustainable future for our company and the world.

We believe that an inclusive culture is a key enabler for innovation, better decision making and attracting the best talent. And it’s the right thing to do. We continue to invest in building out an inclusive and diverse work environment and are committed to progress in this area.

In addition to launching our Sompo Women in Insurance Management (SWIM) program, we enhanced our parental leave and paid time-off policies globally and have adopted inclusive recruiting practices. Our Inclusive Diversity Council is progressing on building the foundation for executing on our Inclusive Diversity framework and we continue to develop robust intern and trainee programs to help build a diverse talent pipeline for the future.

At Sompo International, our story starts with people. With a focus on collaborative and productive relationships with each other and our clients, brokers and business partners, we value the contributions of every person. We are committed to celebrating diversity, embedding inclusive organization design, providing learning and development in this area, providing active support for under-represented groups and sharing our voice on the topic.

Our Inclusive Diversity Council continues to build on the progress already made within the company to further embed Inclusive Diversity into every aspect of who we are as an organization. All our senior leaders participate in the Inclusive Leader Journey, a program designed to further embed inclusive leadership across our organization. We sponsor and contribute to the Everywoman in Insurance Forum as well as Dive In (the global festival for inclusion and diversity in the insurance industry), the African Caribbean Insurance Network (ACIN) and celebrate diverse talent across our organization through our talent Spotlight series.