Sompo and APRIL International Announce Strategic Partnership to Expand Health Insurance Offerings Across Asia Pacific
- Written by: iPMI Global
Sompo, a leading global provider of commercial and consumer property and casualty, and specialty insurance and reinsurance, and APRIL International (APRIL), a subsidiary of APRIL Group – a leader in international health insurance, today announced a strategic agreement to jointly expand International Private Medical Insurance (IPMI) offerings and their footprint across the Asia Pacific (APAC) region.
This partnership strategically aligns the two firms to meet the growing demand for sophisticated health protection solutions within the dynamic APAC market. By integrating their complementary capabilities, Sompo and APRIL are poised to deliver enhanced value and accessibility to customers throughout the region.
The synergistic value of the collaboration lies in the fusion of distinct organizational strengths. Sompo contributes its deep regional market knowledge and underwriting expertise, while APRIL brings its extensive distribution network and deep experience in IPMI management.
The partnership’s primary objective is to jointly develop and distribute tailored health products across Sompo’s key APAC markets. The agreement focuses on leveraging combined expertise in underwriting, claims management, and assistance services to deliver unique offerings that strengthen both companies’ presence in the region’s health insurance sector and drive sustainable growth.
Executive endorsements from both organizations underscore the strategic alignment and shared vision driving the partnership.
Bill Zhang, President of APAC Consumer Lines at Sompo, highlighted the customer-centric focus of the collaboration, "This collaboration marks a significant milestone in our strategy to become the preferred partner for our customers’ health, wellbeing and financial protection across APAC. By aligning with APRIL, an organization that shares our commitment to putting customers first, we are well positioned to deliver innovative and tailored protection and service solutions that address the evolving needs of businesses and individuals across the region."
Romain Di Meglio, Chief Executive Officer of APRIL International in Asia and the Middle East, emphasized the strategic fit and growth potential, "As we have been strongly anchored in Asia for the past 10 years, Sompo’s trusted brand and regional scale make them an ideal partner as we accelerate APRIL’s growth. Together, we are focused on building a partnership that delivers meaningful value to customers and sets a new benchmark for excellence in the IPMI industry across the APAC market."
The first jointly developed IPMI offering is scheduled to launch in Singapore, with plans for further expansion across the region to follow. This agreement directly supports the distinct corporate strategies of each partner, advancing Sompo's goal to grow its customer base and expand its portfolio of specialized health insurance products while reinforcing APRIL’s mission to strengthen its position as a leading IPMI provider in the Asia Pacific market.
By uniting their distinct strengths, Sompo and APRIL are poised to set a new benchmark for customer-centric health solutions across Asia Pacific.
About Sompo
Sompo is a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 135 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.
“Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Sompo Holdings shares are listed on the Tokyo Stock Exchange.
About APRIL International
APRIL International is a subsidiary of APRIL Group, a leader in international health insurance. The company has a strong presence, having been anchored in Asia for the past 10 years.
