Sompo enters the parking space sharing business
Last month, Sompo Holdings announced a partnership with and investment in Osaka-based Akippa , the largest provider of parking space sharing services in Japan.
With the goal to transform themselves into “a theme park for the security, health, and wellbeing of customers,” Sompo has decided to leverage its network of ~50,000 insurance agencies and about 13 million sets of car insurance data to help expand Akippa’s shared parking spaces and their membership, which currently counts 1.5 million members and 30,000 parking lots. Through this strategic alliance, the plan is to expand the number of members to 10 million and the number of parking lots to 200,000 by 2022.
Additionally, the companies will explore the possibility of providing specialized insurance that addresses the risks related to automobiles in parking spaces.