Tadashi Yamanaka, executive officer of System at Sompo Direct Insurance Inc. said, “The introduction of Radar has enabled us to rapidly implement premium revisions that reflect changes in market, accident trends and customer risk profiles more accurately. We will continue to improve our pricing so that we can provide our customers with reasonable and affordable automobile insurance by utilizing WTW’s advanced technology .”
TOKYO: Re/insurance broker WTW and Sompo Holdings, Inc., one of Japan’s leading insurance groups, today announced a global partnership to deploy WTW’s Radar technology across SOMPO Group.
This marks the first global agreement for Radar in Japan with Sompo Direct Insurance Inc., a member of the SOMPO Group, already implementing Radar as part of its efforts to improve automobile insurance pricing since June this year. Sompo Direct specializes in providing online automobile insurance, providing its customers with easy to understand, fast and reliable insurance services.
Sompo Direct has introduced Radar to its auto insurance business so that it can predict each customer’s risks based on advanced data analysis and quickly reflect them in insurance premiums.
WTW Radar comprehensively supports everything in the insurer’s system from risk analysis and rating decision-making to market development.
Tadashi Yamanaka, executive officer of System at Sompo Direct Insurance Inc. said, “The introduction of Radar has enabled us to rapidly implement premium revisions that reflect changes in market, accident trends and customer risk profiles more accurately. We will continue to improve our pricing so that we can provide our customers with reasonable and affordable automobile insurance by utilizing WTW’s advanced technology .”
Chiaki Tanaka, Head of Insurance Consulting & Technology, Northeast Asia, at WTW, added, “In non-life insurance product development, data sophistication and speed are critical. Radar has enabled Sompo Direct to unlock the full value of its data and bypass traditional system development bottlenecks. Premiums determined by product development teams are now directly reflected in production environments of the system, allowing for flexibility and agile pricing so that Sompo Direct can launch their insurance products quickly.
“The SOMPO Group has also begun to introduce Radar into its operations beyond Japan, starting with Turkey, with further expansion being considered and planned across Southeast Asia. We value our partnership with SOMPO and look forward to continuing to build our capability for them and their customers.”
Radar is WTW’s advanced pricing and underwriting solution designed to empower insurers with predictive modeling, machine learning and seamless system integration — all without requiring programming expertise. Its deployment enables faster, more flexible, and more accurate decision-making, helping insurers respond swiftly to market dynamics.