SOMPO, the second largest property insurance company in Japan, has announced a technology deal with China’s ZhongAn International. Zhong An is one of the
major players in enterprise blockchain in China.
The deal comes just a month after SoftBank invested $100 million in Zhong An International to expand into Asia.
SOMPO has prioritized the use of digital technology and set up SOMPO Digital Labs in Silicon Valley, Tokyo, and Israel. The company said that “We are particularly interested in the business model and technology of ZhongAn Insurance that got great success in China, which is a digital developed country.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
