Mitsui Sumitomo Insurance Company

Mitsui Sumitomo Insurance Company, Limited, headquartered in Tokyo, Japan, is a prominent provider of non-life insurance products. Founded in 1918, the company offers a diverse range of insurance solutions, including fire and allied, marine, personal accident, voluntary automobile, and compulsory automobile liability coverage. Mitsui Sumitomo was established in October 2001 through the merger of Mitsui Marine & Fire Insurance Co., Ltd. and The Sumitomo Marine & Fire Insurance Co., Ltd., combining their strengths to enhance service delivery and product offerings. As a subsidiary of MS&AD Insurance Group Holdings, Inc., Mitsui Sumitomo Insurance plays a significant role in the Japanese insurance market, catering to a wide array of customer needs.

Shinichiro Funabiki

Director, Vice President and Executive Officer

Ando Masaaki

Investment Development Principal and Manager

Past deals in Motor Insurance

Transverse Insurance Group

Acquisition in 2022
Transverse Insurance Group launched in 2018 serving as a P&C program carrier, partnering with reinsurers and program administrators to provide a broad range of property and casualty products for commercial and personal lines. Transverse can provide admitted and non-admitted solutions. Transverse adds unique value through its ability to retain risk and being an active partner in all functional areas of the program cycle.

CoverHound

Series D in 2019
CoverHound, Inc., operating as CoverHound Insurance Solutions, is a technology company based in San Francisco, California, that provides a comparison shopping platform for car and property insurance. Founded in 2010, CoverHound connects consumers with national insurance carriers and local agents, allowing them to compare accurate rates and find policies that suit their individual needs. The platform is designed to offer transparent access to insurance options, providing smart recommendations and personalized quotes without spamming users. With a focus on user control and data privacy, CoverHound facilitates a seamless experience for customers seeking to shop for and purchase insurance.

Element

Series A in 2019
ELEMENT Insurance AG, founded in March 2017 and based in Berlin, Germany, specializes in digital insurance services and InsurTech innovations. The company operates as a licensed direct insurer for non-life insurance, authorized by the German Federal Financial Supervisory Authority to function as a risk carrier across 28 European countries. ELEMENT provides a unique technology platform known as "Insurance as a Platform," which supports a B2B2X value chain. It collaborates with various partners, ranging from e-commerce businesses to established insurance firms, to develop customized white-label insurance products quickly. By enabling its partners to market these innovative products under their own brands, ELEMENT addresses the complexities of the insurance value chain, including actuarial calculations, underwriting, policy administration, customer service, and claims management.

First Capital Insurance

Acquisition in 2017
First Capital Insurance Ltd. is a commercial property and casualty insurer that offers a range of non-life insurance services. The company provides personal insurance products, including home, personal accident, travel, and motor insurance. For commercial clients, First Capital Insurance offers a comprehensive suite of coverage, including industrial all risks, fire and extra perils, burglary, engineering, liability, marine cargo, and hull insurance. Additionally, the company provides packages tailored for offices and retail and industrial businesses. Through its diverse offerings, First Capital Insurance aims to meet the reliable insurance needs of both individual and commercial customers.
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