Multinational insurance

Built for global complexity

Target clients

Sompo defines multinational business as meeting the risk management needs of clients who must manage the transfer of risk or premium dollars and claims payments across country borders. Typically, this includes the following business profiles:

• Clients with a Controlled Master Program (CMP) in their home country and at least one local underlying insurance policy in another country
• Global clients in need of stand-alone local policies, issued separately in each country, but not tied into a CMP
• Sompo’s Japanese clients with interests outside of Japan

Our approach

With hubs in North America, EMEA, APAC, Latin America and Japan, our integrated global Multinational platform simplifies access to commercial property and casualty insurance products and services for clients with global operations and exposures, providing them with a single point of contact.

• Local knowledge – Sompo’s Multinational Business specialists understand how to navigate the complex regulatory and financial environments in 160 local jurisdictions around the world.
• Unparalleled ability to serve Japanese and oher Asian clients – established by one of the top three carriers in Japan, we have the unique ability to understand and service the risk management needs of Japan- and other Asian-based clients operating in markets around the world.
• A consistent approach – we can coordinate Master Programs and stand-alone policies in multiple countries with different forms, currencies, and regulatory environments.
• Handpicked network partners – our growing network of Sompo local subsidiaries and third party insurance companies can write local policies in key insurance markets around the world.
• Global underwriting expertise – we have the underwriting expertise and experience needed to properly assess risk in multiple countries across the lines of business we provide, including Property, General Liability, Marine, Directors & Officers Liability, Errors & Omissions, and Cyber.
• Global claims coordination – Sompo’s in-house Multinational Claims team works closely with our underwriting teams and network partners to coordinate claims handling and ensure fair outcomes for each of our insureds.
• A single operational platform – we are building an industry-leading platform offering the tools clients need to manage multinational business, including policy issuance, data and analytics, client servicing and local market intelligence in countries around the world.