About Sompo
Sompo is a company based in Bermuda founded in 2017. It operates as a Professional Services, and Subscription Services. Sompo has completed 6 acquisitions, including A&A, A&A S.r.l. and ARA1857. Sompo offers products and services including Property Insurance, Casualty Insurance, Specialty Insurance, and Reinsurance (SompoRe). Sompo operates in a competitive market with competitors including ICICI Lombard, Bajaj Finserv, HUB International, Aviva and Generali, among others.
- Headquarter Bermuda
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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 Sompo International Holdings Ltd.
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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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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
A&A
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Products & Services of Sompo
Sompo offers a comprehensive portfolio of products and services, including Property Insurance, Casualty Insurance, Specialty Insurance, and Reinsurance (SompoRe). 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.
Property insurance is provided for asset protection globally.
Casualty insurance is offered for liability coverage worldwide.
Specialty insurance is delivered for niche risk solutions.
Reinsurance solutions are provided for global risk management.
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Funding Insights of Sompo
| 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 |
Investments & Acquisitions by Sompo
Sompo has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include A&A, A&A S.r.l. and ARA1857. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Agricultural insurance brokerage services are provided to clients.
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2018 | ||||
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Provider of insurance claims assessment and management solutions
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2009 | ||||
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Surety bonds are provided for contracts, licenses, and court needs.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sompo
| 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 |
Sompo Comparisons
Competitors of Sompo
Sompo 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 ICICI Lombard, Bajaj Finserv, HUB International, Aviva and Generali, 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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| domain | founded_year | HQ Location |
Life, health, and general insurance services are provided across India.
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Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Insurance and asset management services are offered in multiple regions.
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| domain | founded_year | HQ Location |
Diversified insurance and asset management services are offered globally.
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| domain | founded_year | HQ Location |
Insurance and financial services are provided to individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sompo
Frequently Asked Questions about Sompo
When was Sompo founded?
Sompo was founded in 2017.
Where is Sompo located?
Sompo is headquartered in Bermuda.
What does Sompo do?
Sompo is established as a leading global insurer and reinsurer, offering property, casualty, and specialty insurance products. Services are provided across diverse industries including agriculture, aviation, energy, healthcare, and financial services. Operations are conducted in multiple regions such as North America, Asia Pacific, Europe, and Latin America. Customized solutions are developed to address complex risk management needs. A unified approach is adopted to ensure consistent client servicing worldwide.
Who are the top competitors of Sompo?
Sompo's top competitors include RAC, ICICI Lombard and Bajaj Finserv.
What products or services does Sompo offer?
Sompo offers Property Insurance, Casualty Insurance, Specialty Insurance, and Reinsurance (SompoRe).
How many acquisitions has Sompo made?
Sompo has made 6 acquisitions, including A&A, A&A S.r.l., and ARA1857.
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