Why a demographic shift at home is driving this insurer to markets like the US
Sompo Holdings will be keen to keep the momentum going after an overseas profit hike, with Japan’s top three P&C insurer squaring up to an ageing population problem at home.
Sompo International reported a Q3 underwriting income bump up to $518 million, with adjusted profit up at $860 million. The results come as parent company, Tokyo-headquartered Sompo Holdings, has targeted aggressive global expansion.
One glaring reason that Sompo needs its international business to p