SOMPO: Diversifying Insurance Business

Aired: Apr. 23, 2020

Insurance companies are best known for car and fire coverage, but their business environment has been seeing more diverse services change their conventional image. Examples include farming insurance, research on autonomous driving systems, big data analysis, and management of nursing facilities. This segment features a company’s strategy and new challenges in a rapidly changing society.

Sakurada Kengo, CEO of Sompo Group
Operator at a support center for self-driving car insurance service
Davos, Switzerland, venue of the World Economic Forum
Sakurada Kengo during the TIME100 Davos Dinner 2020

Viewers’ Voice

It was interesting to watch new technologies being developed now in Japan. How a car can be driven remotely in case the driver gets into an accident and can no longer drive; or the use of satellite images to receive data for agriculture management and providing high technology to support the health care system especially those in the nursing homes. Truly, Japan is the pioneer on these technologies.

From the Philippines

In this segment, we can see how companies that have mainly dealt with insurance are trying to find other holes in the market that can be filled and evolved in step with the times, focusing more on hi-tech efforts. It is very interesting to see how they are facing this situation from the research and development point of view.

From Italy

It was mind-blowing to think that someone from support assistance could take control of your car remotely to help you - it's amazing to see how far technology has come! Not only that, but the fine tune agricultural data and a simple sheet under the bed to keep track of patients sounded outerworldly.

From Ireland

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