Sompo Holdings Davos 2020
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Collaborating for Sustainable Global Solutions

At this year’s World Economic Forum in Davos, representatives of governments, business, civil society, and communities will collaborate on charting a course to achieve the UN’s 17 Sustainable Development Goals (SDGs). Every individual has a role to play. We are all stakeholders in this global mission to eliminate hunger, promote health and wellbeing, and combat climate change. With the Fourth Industrial Revolution upon us, we must ensure that technology is used for the health, security and wellbeing of all.

Health and wellbeing start with diet and nutrition. Achieving the SDGs of no hunger and good health requires food that is safe, good quality, affordable, and abundant. We rely on farmers for food security. But who can farmers rely on in the face of climate change, extreme weather, environmental, and other threats to their crops and livelihoods?

AgriSompo offers solutions. At Sompo International, a global specialty provider of property and casualty insurance outside Japan, AgriSompo works with farmers in more than 30 countries on six continents to manage risk and mitigate losses. With access to extensive data, innovative software platforms and cutting-edge analytics, AgriSompo offers growers specialized product expertise, advanced technologies, and an insurance partner with exceptional financial strength.

Few things impact farmers more than the weather. AgriSompo pioneered weather index insurance in northeastern Thailand, where farmers annually battle droughts and floods. AgriSompo also works with agro-technology firms globally such as our exclusive partnership with CropTrak, a U.S.-based tech company that collects, tracks, and verifies data along the entire food supply chain. Through these strategic alliances, the company customizes solutions that support and address farmers concerns, enabling them to make better or more intelligent business decisions, improve traceability, satisfy sustainability reporting, and deliver healthy, nutritious food to markets.

Advances in nutrition, health, and medicine are allowing us to live longer than ever before. How can we provide seniors with the care, facilities, and systems they need to live lives of quality as their numbers continue to rise?

SOMPO is working on solutions. Last February, SOMPO founded Future Care Lab in Japan, a research facility where caregivers can team up with technology so seniors can live with independence, dignity, and full medical and health support.

Future Care Lab is the latest addition to SOMPO’s “A Theme Park for Security, Health and Wellbeing,” a mission to go beyond the traditional role of an insurance company and become a proactive partner in building richer, more fulfilling lives.

SOMPO is now a leading nursing home operator in Japan with over 300 facilities. But a shortage of qualified caregivers is growing. At Future Care Lab, staff members collect and monitor residents’ data using the Internet of Things, analyzing the information in real-time to craft personalized care plans. For instance, Sleep Scan bed sensors examine sleep patterns in deep detail, while providing information on heartbeat and breathing for evidence-based care.

SOMPO’s commitment to preventing dementia has led to a Comprehensive Alliance Agreement with Japan’s “National Center for Geriatrics and Gerontology” in addition to securing the advisory services of Professor Miia Kivipelto of the Karolinska Institutet, a leading authority in this field.

Until scientists can find a cure, SOMPO has formulated several types of insurance and services to ensure people with dementia receive long-term care. The company is disseminating information on dementia prevention while training caregivers, family members, and others in dementia understanding and support.

Caring for the elderly requires collaboration. SOMPO will continue building partnerships to enhance the lives of our seniors and create a more sustainable world. Now and in the future.

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