About Berjaya Sompo Insurance Berhad
Berjaya Sompo Insurance Berhad is a company based in Kuala Lumpur (Malaysia) founded in 1974 was acquired by Sompo Holdings in June 2011.. Berjaya Sompo Insurance Berhad offers products and services including Car Insurance, Health Insurance, Travel Insurance, Business Assets Coverage, and Personal Accident Insurance. Berjaya Sompo Insurance Berhad operates in a competitive market with competitors including Blue KC, Prudential, Beazley, AmGeneral Insurance and AmAssurance, among others.
- Headquarter Kuala Lumpur, Malaysia
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Berjaya Sompo Insurance Berhad
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Acquired by
Sompo Holdings
(Jun 15, 2011)
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Products & Services of Berjaya Sompo Insurance Berhad
Berjaya Sompo Insurance Berhad offers a comprehensive portfolio of products and services, including Car Insurance, Health Insurance, Travel Insurance, Business Assets Coverage, and Personal Accident Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers vehicles against accidents, theft, and damage
Provides coverage for medical expenses and health needs
Protects against travel-related risks and emergencies
Insures business property and income against losses
Offers protection for accidental injuries and disabilities
Funding Insights of Berjaya Sompo Insurance Berhad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Berjaya Sompo Insurance Berhad
Berjaya Sompo Insurance Berhad has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sompo Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Life, nursing care, healthcare, and overseas insurance services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Berjaya Sompo Insurance Berhad
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Berjaya Sompo Insurance Berhad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Berjaya Sompo Insurance Berhad Comparisons
Competitors of Berjaya Sompo Insurance Berhad
Berjaya Sompo Insurance Berhad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue KC, Prudential, Beazley, AmGeneral Insurance and AmAssurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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Financial services for pensions and investments are provided by Prudential.
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Specialist insurance and reinsurance are underwritten for clients worldwide.
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General insurance services are offered in Malaysia by AmGeneral Insurance.
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Diversified insurance services are offered across multiple sectors.
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Diversified insurance services are provided across multiple sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Berjaya Sompo Insurance Berhad
Frequently Asked Questions about Berjaya Sompo Insurance Berhad
When was Berjaya Sompo Insurance Berhad founded?
Berjaya Sompo Insurance Berhad was founded in 1974.
Where is Berjaya Sompo Insurance Berhad located?
Berjaya Sompo Insurance Berhad is headquartered in Kuala Lumpur, Malaysia.
Who is the current CEO of Berjaya Sompo Insurance Berhad?
Tan Sek Kee is the current CEO of Berjaya Sompo Insurance Berhad.
What does Berjaya Sompo Insurance Berhad do?
Berjaya Sompo Insurance Berhad was established in 1974 and is based in Kuala Lumpur, Malaysia. Insurance operations are conducted as a diversified carrier, encompassing various products and services for personal and commercial needs. Coverage is extended across the Malaysian market, with focus on risk management and claims handling. The company is led by CEO Tan Sek Kee, supporting regional insurance requirements.
Who are the top competitors of Berjaya Sompo Insurance Berhad?
Berjaya Sompo Insurance Berhad's top competitors include Beazley, Prudential and Pacific & Orient Berhad.
What products or services does Berjaya Sompo Insurance Berhad offer?
Berjaya Sompo Insurance Berhad offers Car Insurance, Health Insurance, Travel Insurance, Business Assets Coverage, and Personal Accident Insurance.
Who are Berjaya Sompo Insurance Berhad's investors?
Berjaya Sompo Insurance Berhad has 1 investor. Key investors include Sompo Holdings.