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Sompo Holdings Asia Continues Rapid Expansion In Asia Pacific With Appointment Of New CEO

31 Mar 2019 | Corporate Leadership

Enhancing customer experience will be the key focus of CEO Daniel Neo

Singapore - (1 April 2019) - Sompo Holdings Asia, based in Singapore, today announced the appointment of Daniel Neo as its Regional Chief Executive Officer with immediate effect. He succeeded Yuji Kawauchi, who has returned to Sompo Holdings (in Tokyo) to assume the role of Executive Vice President of Global Business Planning. Sompo Holdings Asia (SOMPO) is responsible for the management of insurance business in the Asia Pacific region excluding Japan.


Daniel has held senior management positions in the insurance industry for the past 20 years.  SOMPO is looking forward to him applying his extensive insurance and leadership experience in the region to drive our business in Asia. Working with his colleagues from the Singapore office, Daniel will work to strengthen SOMPO group’s business capabilities, especially focusing on improving customer experience, business effectiveness and importantly, to create a strong culture where people from different backgrounds will enjoy being part of SOMPO group.

Daniel said, “I am proud to continue to be part of this 130-year community. Throughout its history, SOMPO group has strived to do the best for the customers, especially during difficult times. I have also seen many innovative solutions within our Group, whether it is in our SOMPO Digital Lab in Silicon Valley or at the Head office in Shinjuku Tokyo. In my new role, I hope we can offer the same level of experience and excitement to all our customers, business partners and employees alike in Asia.”


In today’s announcement, Yasuhiro Sasanuma will also be appointed with immediate effect as the Regional Chief Operating Officer for Sompo Holdings Asia. Yasuhiro was previously its Executive Director, Head of Corporate Planning.


“Understanding the markets we operate in is important, as each market has a different nuance and customer needs vary in this large Asia region,” said Yasuhiro Sasanuma. “With our experienced regional management team, SOMPO group is well-positioned in Asia to achieve rapid, inclusive and sustainable growth.”


SOMPO looks to the next phase of development in Asia with the new team.



About Sompo Holdings (Asia)

Based in Singapore, Sompo Holdings (Asia) Pte. Ltd., is the holding company for its Asia Pacific entities except Japan and is part of Sompo Japan Nipponkoa Insurance Inc, which is a member of the SOMPO Holdings headquartered in Tokyo, Japan. Established in 2008, our business spreads with over 4,000 employees across the region. We are now the Top 10 Largest Non-Life Insurance Companies in Indonesia, Malaysia and Singapore, and we have forged strategic partnerships to access a wider network of resources and distribution.


About Sompo Holdings

Management of P&C insurance companies, life insurance companies, and other companies controlled as subsidiaries pursuant to the Insurance Business Law, and other related operations. Its management philosophy is “We will at all times carefully consider the interests of our customers when making decisions that shape our business. We strive to contribute to the security, health, and wellbeing of our customers and society as a whole by providing insurance and related services of the highest quality possible”. SOMPO Holdings aims to be the best customer service provider both at home and abroad. As the core company of the SOMPO Holdings, Sompo Japan Nipponkoa, originally established in Japan in 1888 as a general insurance company, has established a network spanning 218 cities in 30 countries including Europe, the Middle East, North America, Central and South America, Asia, Oceania and Africa. In addition to aiming to be a property and casualty insurance company that is most appreciated by the customers and leads the industry not only in scale but also service quality, SOMPO Holdings group is also driving the creation of a “theme park for the security, health, and wellbeing of customers”


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