SOMPO Holdings

AM Best Affirms Credit Ratings of Sompo Seguros Mexico, S.A. de C.V.

Retrieved on:

Thursday, September 21, 2023

Consulting, Professional Services, Insurance, Finance, AM Best, S.A, ALL, ERM, SJ, Credit, SAIC, SOMPO Holdings, SIH, Superior, AM, News, Financial services

Sompo Mexico is a subsidiary of Sompo America Insurance Company (SAIC) and a member of Sompo International Holdings Ltd. (SIH).

Key Points:

Sompo Mexico is a subsidiary of Sompo America Insurance Company (SAIC) and a member of Sompo International Holdings Ltd. (SIH).
Sompo Japan Insurance Inc. (SJ) is the core operating unit of SOMPO Holdings, Inc. (SOMPO Holdings), the ultimate parent and one of the largest non-life insurance groups in Japan.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Sompo Japan Insurance Inc. and its Subsidiaries; AM Best Affirms Issuer Credit Rating of Sompo International Holdings Ltd.

Retrieved on:

Thursday, September 21, 2023

Insurance, Professional Services, AM Best, SJ, ERM, Policy, Credit, SOMPO Holdings, FSR, SIH, Superior, AM, Long-term care insurance, NPW, Security (finance), Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.
Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of Sompo International Holdings Ltd. (SIH) (Pembroke, Bermuda).
In addition, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) on $335 million 7% senior unsecured notes due by 2034 (which is guaranteed by SIH).
SJ is the core operating unit of SOMPO Holdings, Inc., (SOMPO Holdings), its ultimate parent and one of the largest non-life insurance groups in Japan.

Sustainability Management Platform Pulsora Raises $20 Million for Global Expansion

Retrieved on:

Tuesday, September 12, 2023

Pulsora (formerly known as pulsESG), the all-in-one platform for enterprise sustainability management, today announced a $20 million Series A round.

Key Points:

Pulsora (formerly known as pulsESG), the all-in-one platform for enterprise sustainability management, today announced a $20 million Series A round.
Pulsora has built a comprehensive platform that gives today’s leading organizations a centralized system to manage their sustainability business processes—from data collection and disclosures to audit logging and analytics.
“As businesses grapple with an increasingly complex set of business risks, Pulsora emerges as an essential solution, offering timely, precise data for sustainability and ESG management,” said Saloni Multani, co-head of Innovation + Expansion at Galvanize Climate Solutions.
In tandem with this announcement, Pulsora introduces its rebrand, reflecting the expansive capabilities of its platform, effective immediately.

Palantir Signs $50 Million Expansion with SOMPO Holdings

Retrieved on:

Wednesday, February 1, 2023

Insurance, Health, PLTR, Government, Workflow, NYSE, Disaster, SOMPO Holdings, Ageing, RDP, Research, Representative, CSV, Tokio Marine, DX, Palantir Technologies, Mobile phone, Palantir, Foundry

today announced a $50 million, five-year expansion of its work with SOMPO Holdings ("SOMPO") and its group companies including SOMPO Japan, the company's insurance business.

Key Points:

today announced a $50 million, five-year expansion of its work with SOMPO Holdings ("SOMPO") and its group companies including SOMPO Japan, the company's insurance business.
This expansion will enable the roll out of critical workflows across 10,000+ salespeople within SOMPO Japan, further developments of SOMPO's Real Data Platform ("RDP"), and many other critical growth opportunities across SOMPO Holdings.
"In parallel, SOMPO will promote DX for Japanese companies, government agencies, and society through Palantir Technologies Japan, which was jointly established by SOMPO and Palantir."
"The expansion of our work across more of SOMPO Care, into SOMPO Japan and elsewhere, is emblematic of our joint ambition with SOMPO to support Japan as a global leader."

AM Best Affirms Credit Ratings of Sompo Seguros Mexico, S.A. de C.V.

Retrieved on:

Friday, September 16, 2022

Sompo Mexico is well-integrated into the group, and reports to Sompo International Holdings Ltd.

Key Points:

Sompo Mexico is well-integrated into the group, and reports to Sompo International Holdings Ltd.
The ratings recognize Sompo Mexicos integration and support from SJ through SAIC, which provides synergies and operating efficiencies to the Mexico subsidiary.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of Sompo Japan Insurance Inc. and its Subsidiaries

Retrieved on:

Friday, September 16, 2022

Banking, Professional Services, Insurance, Finance, Income, NPW, SOMPO Holdings, ERM, Credit, Superior, SJ, AM, FSR, Proposed long-term solutions for the Eurozone crisis, Insurance, Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa- (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa- (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.
The ratings reflect SJs balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management (ERM).
SJ is the core operating unit of SOMPO Holdings, Inc., (SOMPO Holdings), its ultimate parent and one of the largest non-life insurance groups in Japan.
The FSR of A+ (Superior) and the Long-Term ICRs of aa- (Superior) have been affirmed with a stable outlook for the following subsidiaries of Sompo Japan Insurance Inc.:

TIER IV Launches $300 Million Green Autonomous Driving Project

Retrieved on:

Tuesday, July 19, 2022

Throughout this Green Autonomous Driving (AD) Project, TIER IV aims to achieve 100 times higher energy efficiency than the currently deployed technology for autonomous vehicles.

Key Points:

Throughout this Green Autonomous Driving (AD) Project, TIER IV aims to achieve 100 times higher energy efficiency than the currently deployed technology for autonomous vehicles.
Furthermore, TIER IV has raised $87 million in a Series B funding round from two existing shareholders, SOMPO Holdings , Yamaha Motor as well as a new investor, Bridgestone Corporation .
TIER IV has been accepted to a program of the GI Fund, presenting 'Microautonomy - Creating Collectively Scalable Autonomous Driving Systems'.
Adding our existing resources to the Green AD Project, we strive to accelerate our research and development at a scale of $300 million.

Chainproof Launches as the World's First Regulated Smart Contract Insurance Provider

Retrieved on:

Wednesday, July 6, 2022

HAMILTON, Bermuda, July 6, 2022 /PRNewswire/ -- Today, Chainproof is launched as the world's first regulated smart contract insurance provider.

Key Points:

HAMILTON, Bermuda, July 6, 2022 /PRNewswire/ -- Today, Chainproof is launched as the world's first regulated smart contract insurance provider.
Incubated by Quantstamp, Chainproof is the world's first regulated smart contract insurance provider.
By July 2022, Chainproof plans to offer licensed, institutional-grade insurance coverage for open-source, non-custodial smart contracts on public, decentralized blockchains[1].
By combining forces with SOMPO and Munich Re, global leaders in (re)insurance, Chainproof is positioned to become the world's leading regulated smart contract insurance provider.

Chainproof Launches as the World's First Regulated Smart Contract Insurance Provider

Retrieved on:

Wednesday, July 6, 2022

HAMILTON, Bermuda, July 6, 2022 /PRNewswire/ -- Today, Chainproof is launched as the world's first regulated smart contract insurance provider.

Key Points:

HAMILTON, Bermuda, July 6, 2022 /PRNewswire/ -- Today, Chainproof is launched as the world's first regulated smart contract insurance provider.
By July 2022, Chainproof plans to offer licensed, institutional-grade insurance coverage for open-source, non-custodial smart contracts on public, decentralized blockchains[1].
Further, traditional insurers generally lack the historical data and technical expertise required to properly underwrite insurance related to smart contracts.
By combining forces with SOMPO and Munich Re, global leaders in (re)insurance, Chainproof is positioned to become the world's leading regulated smart contract insurance provider.

Silicon Valley Veterans Launch pulsESG™—an Integrated SaaS Platform for Enterprise ESG Analysis with $8.5M in Seed Funding from Impact-Driven Investors

Retrieved on:

Wednesday, October 20, 2021

pulsESG today announced the launch of its enterprise environmental, social, and governance (ESG) software as a service (SaaS) platform backed by $8.5 million in seed funding from leading impact-driven investors and led by two Silicon Valley enterprise software veterans.

Key Points:

pulsESG today announced the launch of its enterprise environmental, social, and governance (ESG) software as a service (SaaS) platform backed by $8.5 million in seed funding from leading impact-driven investors and led by two Silicon Valley enterprise software veterans.
The company emerged from stealth mode today and the product is expected to be made generally available in Q1 2022.
Simply put, pulsESG offers an integrated, comprehensive, and flexible SaaS platform for enterprises to define, capture, analyze, derive insight, and improve their ESG footprint, added Murat Snmez, Co-founder and CEO.
pulsESG Co-founder Inderjeet Singh was most recently responsible for Oracles middleware and cloud platform and previously for TIBCOs infrastructure products.