Innovation for Wellbeing
In the previous year, the impacts of COVID-19 pandemic continued from 2021 and the total number of new patients in Japan has reached 30 million. On May 8, 2023, COVID-19 's status under Act on the Prevention of Infectious Diseases and Medical Care for Patients with Infectious Diseases was changed to “Class 5 Infectious Disease,” moving from a life that focused on infectious disease control over three years to a stage of conducting socioeconomic activities with COVID-19.
On the other hand, we have experienced a string of natural disasters, including torrential rains and floods, heavy snows, hails, and earthquakes as well, showing no signs of abating. I’d like to offer my sympathies to all those who suffered losses as a consequence.
In recent years, various changes are occurring in our business environment such as the intensification of natural disasters due to climate change, changes in the demographic structure due to the declining birthrate and aging population, changes in the industrial structure and business models due to the evolution of digital technology, and changes due to the impacts of COVID-19. In order to solve social issues that exist in the midst of these changes, efforts such as SDGs and ESG initiatives are further progressing all over the world.
Amidst this rapidly changing landscape, we raise a vison as “Deliver a certain tomorrow full of happiness and vitality to all people, communities, and societies” in the mid-term management plan started in FY2021. This year is the final year of the mid-term management plan and it also marks the 135th anniversary of our founding.
To date, we have provided new products that protect customers from various risks that exist in society by pursuing speed, creativity & originality, and the spirit of “For customers, For people”. Going forward, besides continuing to develop our P&C business, we will further contribute to society by participating in projects that conduce to solving social issues.
Under the brand slogan “Innovation for Wellbeing”, we, as the core company of the SOMPO Group, will continue to provide the highest quality services to contribute to our customers’ security, health, and safety, and thereby contribute to the realization of a sustainable society.
I would appreciate your continued support as we strive to create a brighter, happier tomorrow for all our stakeholders.
Giichi Shirakawa
President
Sompo Japan Insurance, Inc.
