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 già 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 necessità 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 più rapidi e accurati.
WTW (NASDAQ: WTW) y SOMPO Holdings han anunciado una asociación global para implementar la tecnología Radar de WTW en todo el Grupo SOMPO, marcando el primer acuerdo de este tipo en Japón. Sompo Direct Insurance ya integró Radar en su negocio de seguros de automóvil desde junio de 2025.
La alianza se centra en aprovechar la solución avanzada de pricing y suscripción de Radar, que permite a las aseguradoras utilizar modelado predictivo y aprendizaje automático sin necesidad de conocimientos de programación. Sompo Direct utiliza la tecnología para mejorar la tarificación de seguros de automóvil mediante análisis de datos avanzados y ajustes rápidos de primas.
El Grupo SOMPO ha comenzado a implementar Radar fuera de Japón, empezando por Turquía, con planes de expansión por el sudeste asiático. La tecnología permite ajustes directos de primas en entornos de producción, facilitando lanzamientos de productos aseguradores más rápidos y precisos.
WTW (NASDAQ: WTW)와 SOMPO Holdings는 WTW의 Radar 기술을 SOMPO 그룹 전반에 도입하기 위한 글로벌 파트너십을 발표했으며, 이는 일본에서의 첫 번째 계약입니다. Sompo Direct Insurance는 2025년 6월부터 이미 자동차보험 사업에 Radar를 통합했습니다.
이번 파트너십은 프로그래밍 지식 없이도 예측 모델링과 머신러닝을 활용할 수 있게 해주는 Radar의 고급 가격 결정 및 인수 솔루션을 활용하는 데 중점을 둡니다. Sompo Direct는 고급 데이터 분석과 신속한 보험료 조정을 통해 자동차보험 가격 책정을 향상시키기 위해 이 기술을 사용하고 있습니다.
SOMPO 그룹은 일본을 넘어 Radar 도입을 시작했으며, 터키에서 착수해 동남아시아 전역으로 확대할 계획입니다. 이 기술은 운영 환경에서 직접 보험료를 조정할 수 있어 보험 상품 출시를 더 빠르고 정확하게 합니다.
WTW (NASDAQ: WTW) et SOMPO Holdings ont annoncé un partenariat mondial visant à déployer la technologie Radar de WTW au sein du groupe SOMPO, marquant le premier accord de ce type au Japon. Sompo Direct Insurance a déjà intégré Radar dans son activité d'assurance automobile depuis juin 2025.
Le partenariat vise à exploiter la solution avancée de tarification et de souscription de Radar, qui permet aux assureurs d'utiliser la modélisation prédictive et le machine learning sans compétences en programmation. Sompo Direct utilise cette technologie pour améliorer la tarification automobile grâce à une analyse de données avancée et des ajustements rapides des primes.
Le groupe SOMPO a commencé à déployer Radar en dehors du Japon, en commençant 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 précis.
WTW (NASDAQ: WTW) und SOMPO Holdings haben eine globale Partnerschaft angekündigt, um WTWs Radar-Technologie im SOMPO-Konzern einzuführen. Dies ist die erste solche Vereinbarung in Japan. Sompo Direct Insurance hat Radar bereits seit Juni 2025 in seinem Kfz-Versicherungsgeschäft integriert.
Die Partnerschaft konzentriert sich darauf, Radars fortschrittliche Lösung für Pricing und Underwriting zu nutzen, die Versicherern den Einsatz prädiktiver Modellierung und maschinellen Lernens ohne Programmierkenntnisse ermöglicht. Sompo Direct verwendet die Technologie, um die Tarifgestaltung für Kfz-Versicherungen durch fortgeschrittene Datenanalyse und schnelle Prämienanpassungen zu verbessern.
Die SOMPO-Gruppe hat mit der Implementierung von Radar außerhalb Japans begonnen, zunächst in der Türkei, mit Plänen zur Ausweitung in Südostasien. Die Technologie erlaubt direkte Prämienanpassungen in Produktionsumgebungen und erleichtert so schnellere und genauere Produkteinführungen 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—a 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’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 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’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.
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 Purpose: "For a future of health, wellbeing and financial protection”. 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 https://www.sompo-hd.com/en/.
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’s 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’s 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’s 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—and provide perspective that moves you. Learn more at wtwco.com.
Media contact
Clara Goh +65 6958 2542
Clara.goh@wtwco.com
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