Sompo, Japan’s Third-Largest General Insurer, Differentiates Itself With Nursing Care, Palantir Tie

We think Japan’s nonlife insurance sector has more appeal as a long-term investment than most other areas of Japanese finance, such as banking, securities or life insurance, because industrywide, the return on assets, or ROA, has roughly doubled after the last round of industry consolidation in 2010. Three firms--Tokio Marine, MS&AD, and Sompo--now control around 88% of the market , and only three others (AIG, the nonlife unit of an agricultural cooperative insurer, and Sony Assurance) have even 1% shares.