Sompo Holdings, Inc.
Industry Group: Insurance
Country/Region: Japan
Identifier: TKS:8630
Sompo Holdings was formed in 2010 after the merger of the former Sompo Japan and Nipponkoa Insurance. The name Sompo, which literally just means “nonlife insurance” in Japanese, was adopted as a common brand in 2001 for a planned three-way merger of Yasuda Fire, Nissan Fire, and Taisei Fire, although that deal had to be reworked after Taisei Fire’s sudden bankruptcy from Sept. 11 losses. In the last few years Sompo has worked to integrate the former Nipponkoa, which before the merger had been somewhat of an industry laggard, to improve overall efficiency. Although Nissan Fire is one of its predecessor firms, in reality Sompo’s development has been mainly driven by the former Yasuda Fire and the group has balanced ties to most of Japan’s automakers, rather than focusing on Nissan.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Insurance 112 out of 304
Universe
Global Universe 6185 out of 16353
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
W.R. Berkley Corp. |
21.5
Medium
|
99 out of 304 |
Sompo Holdings, Inc. |
22.3
Medium
|
112 out of 304 |
Cincinnati Financial Corp. |
23.3
Medium
|
128 out of 304 |
Markel Group, Inc. |
26.9
Medium
|
192 out of 304 |
Erie Indemnity Co. |
27.7
Medium
|
205 out of 304 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Sompo Holdings, Inc.'s Exposure is Medium
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Sompo Holdings, Inc.'s Management of ESG Material Risk is Strong
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Top Material ESG Issues for Sompo Holdings, Inc.
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Controversy Rating
Highest Controversy level that has impacted Sompo Holdings, Inc.'s ESG Risk Rating in the last three years
Highest Controversy Level