WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services
WTW (NASDAQ: WTW) and SOMPO Holdings have announced a global partnership to implement WTW's Radar technology across SOMPO Group, marking the first such agreement in Japan. Sompo Direct Insurance has already integrated Radar into its auto insurance business since June 2025.
The partnership focuses on leveraging Radar's advanced pricing and underwriting solution, which enables insurers to utilize predictive modeling and machine learning without programming expertise. Sompo Direct is using the technology to enhance automobile insurance pricing through advanced data analysis and swift premium adjustments.
The SOMPO Group has initiated Radar implementation beyond Japan, beginning in Turkey, with plans for expansion across Southeast Asia. The technology allows for direct premium adjustments in production environments, facilitating faster and more accurate insurance product launches.
WTW (NASDAQ: WTW) e SOMPO Holdings hanno annunciato una partnership globale per implementare la tecnologia Radar di WTW all'interno del Gruppo SOMPO, segnando il primo accordo di questo tipo in Giappone. Sompo Direct Insurance ha gi脿 integrato Radar nel proprio ramo di assicurazione auto a partire da giugno 2025.
La collaborazione mira a sfruttare la soluzione avanzata per pricing e sottoscrizione offerta da Radar, che consente alle compagnie assicurative di utilizzare modellizzazione predittiva e machine learning senza necessit脿 di programmazione. Sompo Direct impiega la tecnologia per migliorare la determinazione dei prezzi delle polizze auto tramite analisi dati avanzata e rapidi adeguamenti dei premi.
Il Gruppo SOMPO ha avviato l'implementazione di Radar anche al di fuori del Giappone, iniziando dalla Turchia, con piani di espansione nel Sud-est asiatico. La tecnologia permette adeguamenti diretti dei premi in ambienti di produzione, facilitando lanci di prodotti assicurativi pi霉 rapidi e accurati.
WTW (NASDAQ: WTW) y SOMPO Holdings han anunciado una asociaci贸n global para implementar la tecnolog铆a Radar de WTW en todo el Grupo SOMPO, marcando el primer acuerdo de este tipo en Jap贸n. Sompo Direct Insurance ya integr贸 Radar en su negocio de seguros de autom贸vil desde junio de 2025.
La alianza se centra en aprovechar la soluci贸n avanzada de pricing y suscripci贸n de Radar, que permite a las aseguradoras utilizar modelado predictivo y aprendizaje autom谩tico sin necesidad de conocimientos de programaci贸n. Sompo Direct utiliza la tecnolog铆a para mejorar la tarificaci贸n de seguros de autom贸vil mediante an谩lisis de datos avanzados y ajustes r谩pidos de primas.
El Grupo SOMPO ha comenzado a implementar Radar fuera de Jap贸n, empezando por Turqu铆a, con planes de expansi贸n por el sudeste asi谩tico. La tecnolog铆a permite ajustes directos de primas en entornos de producci贸n, facilitando lanzamientos de productos aseguradores m谩s r谩pidos y precisos.
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WTW (NASDAQ: WTW) et SOMPO Holdings ont annonc茅 un partenariat mondial visant 脿 d茅ployer la technologie Radar de WTW au sein du groupe SOMPO, marquant le premier accord de ce type au Japon. Sompo Direct Insurance a d茅j脿 int茅gr茅 Radar dans son activit茅 d'assurance automobile depuis juin 2025.
Le partenariat vise 脿 exploiter la solution avanc茅e de tarification et de souscription de Radar, qui permet aux assureurs d'utiliser la mod茅lisation pr茅dictive et le machine learning sans comp茅tences en programmation. Sompo Direct utilise cette technologie pour am茅liorer la tarification automobile gr芒ce 脿 une analyse de donn茅es avanc茅e et des ajustements rapides des primes.
Le groupe SOMPO a commenc茅 脿 d茅ployer Radar en dehors du Japon, en commen莽ant par la Turquie, avec des projets d'expansion en Asie du Sud-Est. La technologie permet des ajustements directs des primes en environnement de production, facilitant des lancements de produits d'assurance plus rapides et plus pr茅cis.
WTW (NASDAQ: WTW) und SOMPO Holdings haben eine globale Partnerschaft angek眉ndigt, um WTWs Radar-Technologie im SOMPO-Konzern einzuf眉hren. Dies ist die erste solche Vereinbarung in Japan. Sompo Direct Insurance hat Radar bereits seit Juni 2025 in seinem Kfz-Versicherungsgesch盲ft integriert.
Die Partnerschaft konzentriert sich darauf, Radars fortschrittliche L枚sung f眉r Pricing und Underwriting zu nutzen, die Versicherern den Einsatz pr盲diktiver Modellierung und maschinellen Lernens ohne Programmierkenntnisse erm枚glicht. Sompo Direct verwendet die Technologie, um die Tarifgestaltung f眉r Kfz-Versicherungen durch fortgeschrittene Datenanalyse und schnelle Pr盲mienanpassungen zu verbessern.
Die SOMPO-Gruppe hat mit der Implementierung von Radar au脽erhalb Japans begonnen, zun盲chst in der T眉rkei, mit Pl盲nen zur Ausweitung in S眉dostasien. Die Technologie erlaubt direkte Pr盲mienanpassungen in Produktionsumgebungen und erleichtert so schnellere und genauere Produkteinf眉hrungen im Versicherungsbereich.
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Insights
WTW's Radar partnership with SOMPO expands its market presence in Japan and Asia, strengthening recurring revenue potential.
WTW's global partnership with SOMPO Holdings represents a significant strategic expansion for its Radar technology into the Japanese insurance market. As the first global agreement for Radar in Japan, this deal establishes WTW as a technology provider to one of Japan's insurance leaders, creating a valuable reference customer in a traditionally difficult-to-penetrate market.
The implementation at Sompo Direct Insurance for automobile insurance pricing demonstrates immediate practical application, with the company already reporting benefits in pricing agility and risk assessment accuracy. What's particularly notable is how the technology allows direct implementation of premium revisions without traditional IT bottlenecks鈥攁 significant efficiency gain in an industry where speed-to-market can be a competitive advantage.
Most promising for WTW shareholders is the expansion trajectory outlined in the announcement. The partnership has already extended beyond Japan into Turkey, with further implementation planned across Southeast Asia. This indicates potential for a multi-year revenue stream as SOMPO deploys the technology throughout its international operations.
For WTW, this partnership validates their Radar product's market fit in diverse insurance environments and positions them to capture more market share in the growing insurtech segment across Asia. The fact that SOMPO is already seeing tangible benefits in responsiveness to market changes and risk assessment precision suggests strong potential for contract renewal and expansion over time.
SOMPO uses Radar to accelerate data-driven management across pricing, underwriting and portfolio optimization, and with Sompo Direct Insurance Inc. implementing Radar as its rate calculation engine.
TOKYO, Sept. 09, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, and Sompo Holdings, Inc., one of Japan鈥檚 leading insurance groups, today announced a global partnership to deploy WTW鈥檚 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 specialises 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鈥檚 risks based on advanced data analysis and quickly reflect them in insurance premiums. WTW Radar comprehensively supports everything in the insurer鈥檚 system from risk analysis and rating decision-making to market development.
Tadashi Yamanaka, Executive Officer of System at Sompo Direct Insurance Inc. said, 鈥淭he 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鈥檚 advanced technology.鈥�
Chiaki Tanaka, Head of Insurance Consulting & Technology, Northeast Asia, at WTW, added, 鈥淚n 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.
鈥淭he 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.鈥�
Radar is WTW鈥檚 advanced pricing and underwriting solution designed to empower insurers with predictive modeling, machine learning and seamless system integration 鈥� all without requiring programming expertise. Its deployment enables faster, more flexible, and more accurate decision-making, helping insurers respond swiftly to market dynamics.
About Sompo Holdings, Inc.
Building on more than 135 years of innovation, Sompo Holdings is a leading global integrated insurance and financial services group guided by its銆�Purpose:聽"For a future of health, wellbeing and financial protection鈥�. Headquartered in Tokyo, the Group's core businesses include Property & Casualty (P&C) insurance globally, as well as Life Insurance, Nursing Care & Wellbeing services in Japan. With approximately 75,000 employees in 29 countries, the Group is recognized for its financial strength, with its main operating subsidiaries holding A+ ratings from both A.M. Best and S&P Global Ratings. Shares of Sompo Holdings, Inc. are listed on the Prime Market of the Tokyo Stock Exchange (Ticker: 8630).
For more information, visit聽.
About Sompo Direct Insurance Inc.
Sompo Direct Insurance Inc. is a member of the SOMPO Group, a leading global integrated insurance and financial services group. As a direct-to-consumer Property & Casualty (P&C) insurance company, Sompo Direct leverages cutting-edge technology to deliver products, services, and customer experiences that foster customer loyalty at reasonable prices.
About Radar
Smarter insights. Better results. Delivered faster.
Radar is a complete, end-to-end analytics and model deployment solution. It was built specifically for insurers by insurance experts and continually enhanced through ongoing investment, development, and innovation.
Radar delivers proprietary machine learning algorithms, real-time decision-making, regulatory reporting, speed, and ease of deployment.
Radar is part of WTW鈥檚 Insurance Consulting and Technology business, which serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Its mission is to innovate and transform insurance and deliver solutions that help clients better select, finance and manage risk and capital.
About Insurance Consulting and Technology (ICT)
WTW鈥檚 ICT business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital.
We work with clients of all sizes globally, including most of the world鈥檚 leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success鈥攁nd provide perspective that moves you. Learn more at wtwco.com.
Media contact
Clara Goh聽聽聽聽聽聽聽聽+65 6958 2542
FAQ
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