Launch of Cassava Parametric Weather Insurance Program” in Thailand
Contribution to the SGDs through the development of an innovative new product collaborating with Ajinomoto (Thailand) and FD Green
THAILAND, 12 July 2021 – SOMPO Insurance Thailand Pcl. (CEO: Ms. Chayanna Siripirom (hereinafter referred to as “SOMPO Thailand”)), a subsidiary of SOMPO Holdings, Inc. (Group CEO & Managing Director: Mr. Kengo Sakurada (hereinafter referred to as SOMPO Holdings)), cooperates with Ajinomoto Co., (Thailand) Ltd. (President:Mr. Ichiro Sakakura (hereinafter referred as Ajinomoto (Thailand))) and FD Green (Thailand) Co., Ltd. (President:Mr. Kazuyuki Nakamura (hereinafter referred as FD Green)), the first company of The Ajinomoto Group of Companies in Thailand to launch the first parametric weather insurance program for cassava farmers in May, 2021.
1. Background & purpose
2. Outline for parametric weather insurance program (Cassava)
※1 Global Satellite Mapping of Precipitation (GSMaP)
A real time satellite derived global rain fall map from Japan Aerospace Exploration Agency (JAXA).
※2 The Remote Sensing Technology Center of Japan (RESTEC)
Foundation providing research and development from satellite driven remote sensing data.
3.Future plan
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Sompo Insurance (Thailand) Pcl.
Vassamol Sukhaya
About Sompo Insurance (Thailand) Pcl.
Sompo Insurance (Thailand) Pcl is a subsidiary of Sompo Holdings, Inc, a trusted and established insurance, and risk solution provider in Japan for over 132 years. Sompo Holdings serves its customers in more than 30 countries in regions. The company is a leading non-life insurance provider in Asia. Sompo Insurance Thailand is committed to taking care of Thai people with the Japanese mind.
For more information, please visit www.sompo.co.th.
About Sompo Holdings
Management of P&C insurance companies, life insurance companies, and other companies controlled as subsidiaries pursuant to the Insurance Business Law, and other related operations. Its management philosophy is “We will at all times carefully consider the interests of our customers when making decisions that shape our business. We strive to contribute to the security, health, and wellbeing of our customers and society as a whole by providing insurance and related services of the highest quality possible”.
Sompo Holdings aims to be the best customer service provider both at home and abroad. As the core company of the Sompo Holdings, Sompo Japan, originally established in Japan in 1888 as a general insurance company, has established a network spanning in 30 countries including Europe, the Middle East, North America, Central and South America, Asia, Oceania, and Africa. In addition to aiming to be a property and casualty insurance company that is most appreciated by the customers and leads the industry not only in scale but also service quality,
Sompo Holdings group is also driving the creation of “A Theme Park for the Security, Health, and Wellbeing of Customers”.
For more information, please visit https://www.sompo-hd.com/en/.
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