ZhongAn International, a subsidiary of China’s largest online-only insurer ZhongAn Online P&C Insurance, has entered into a partnership with Sompo Japan Nipponkoa aimed at providing a cloud-based, end-to-end insurance service.
Through the new partnership, ZhongAn International will be expected to help Sompo, one of Japan’s largest insurers, approach digital transformation; increasing the rate at which it can process insurance policies and launch new products.
“We are very excited to collaborate with ZhongAn, the most successful Insurtech company in the world,” said Satoshi Iitoyo, Director, Senior Managing Executive Officer of Sompo.
“We are very confident in this cooperation with ZhongAn and believe digital transformation will set us in a strong position to achieve more successes in the Japanese market.”
Wayne Xu, President of ZhongAn International, added, “We are pleased to announce this partnership with Sompo, and look forward to unleashing our respective strengths to grow in the Japanese market and drive digital transformation.”