Sompo Holdings Group collaborates with the Berjaya Group in building up a renowned brand with stronger presence in Malaysia’s general insurance industry. As one of the leading general insurance companies in Malaysia, Berjaya Sompo strives to provide the best insurance solutions and services to our customers. With our strong financial background and consistent comparative global insights, we have increased our paid-up capital to over RM100 million way before the enforcement of the regulatory requirement for all insurance companies in Malaysia.
Our culture of prioritizing world-class services dates back to 1974, when the Company started as an overseas branch office for one of the international insurance companies. As the Company continues to progress towards the new millennium, things began picking up in 1991, when the Company officially changed its name to Berjaya General Insurance Sdn. Bhd. and converted to a public company in 1997. And by 1999, Berjaya General Insurance Berhad becomes 100% owned by Berjaya Capital Berhad.
In 2006, Sompo Japan Insurance Inc. purchased 30% equity stake in the Company from Berjaya Capital Berhad. Subsequently, we changed our name to Berjaya Sompo Insurance Berhad to reflect the strategic alliance between Berjaya Group and Sompo Group. In 2010, Sompo Japan Insurance Inc. transferred shares to Sompo Japan Asia Holdings Pte. Ltd. (currently known as Sompo Holdings (Asia) Pte. Ltd.) In 2011, Sompo Japan Asia Holdings Pte. Ltd. acquired a further 40% equity interest in the Company, thus making Berjaya Sompo Insurance Berhad 70% owned by Sompo Holdings (Asia) Pte. Ltd.
The Sompo Group boasts a global business network encompassing 211 cities in 32 countries and regions, including Europe, the Middle East, North America, Central and South America, Asia, Oceania and Africa.
The Sompo Group boasts a global business network encompassing 211 cities in 32 countries and regions, including Europe, the Middle East, North America, Central and South America, Asia, Oceania and Africa. The advantage of having Sompo Group as our major shareholder is immense, ranging from a stronger global presence to an enlarged pool of world-class expertise and experience.