ZhongAn International Partners With Sompo Japan Nipponkoa
ZhongAn International and Sompo Japan Nipponkoa have announced a new partnership to enhance technical strengths and skillset in the insurance business.
ZhongAn International will provide Sompo Japan Nipponkoa with an IT insurance platform system that combines the know-how and the technology of ZhongAn Insurance, and will support customization and localization for the Japanese market. Sompo Japan Nipponkoa will support the expansion of ZhongAn International in Japan and receive the know-how and the technology cultivated in the Chinese digital market by ZhongAn Insurance for a design of new customer experiences and new values.
ZhongAn International was established in Hong Kong in December 2017 as a strategic subsidiary by ZhongAn Online P&C Insurance, an online-only insurance company in China, that aims to explore international business development, collaboration and investment opportunities in the areas of Fintech and Insuretech in overseas market.
ZhongAn insurance is an online-only Insuretech company in China. It started operations in October 2013 and has developed ecosystem-oriented insurance products and solutions through scenario-based settings to serve its customers. In November 2016, ZhongAn Insurance set up ZhongAn Technology, a wholly-owned subsidiary which focuses on the research and development of cutting-edge financial technologies to export technological capabilities to the industry.
On September 28, 2017, ZhongAn Insurance became the first Fintech company to be listed on the HKEX. ZhongAn Insurance established ZhongAn International in Hong Kong in December 2017 to explore international business development, collaboration and investment opportunities in the areas of Fintech and Insuretech in overseas market.
About Sompo Holdings
Sompo Holdings, the parent company of Sompo Japan Nipponkoa, has established SOMPO Digital Lab in Silicon Valley, Tokyo and Israel which is a research and development unit, as a priority issue of management of the utilization of digital technology.