Japanese insurance giant Sompo expands footprint in Israel with cybersecurity center and software development group
Japanese insurance giant Sompo expands footprint in Israel with cybersecurity center and software development group
The aim of the cybersecurity center is development of the ability to assist Sompo to secure its products against cyber threats and provide solutions to the various units of the company
The Japanese insurance giant Sompo is opening a cybersecurity center and a software development group in Israel as part of the expansion of the company's digital lab in Israel, Calcalist has learned. The aim of the cybersecurity center is development of the ability to assist Sompo to secure its products against cyber threats and provide solutions to the various units of the company around the world. The center will be headed by Rotem Matok, Sompo Israel’s head of the cybersecurity sector.
Additionally, the company is establishing a software development group in Israel for the fields of insurance and health. The group will be headed by Diyaa Shridi, CTO and Head of Product Incubation at Sompo Digital Lab in Tel Aviv.
Sompo, which is one of the three biggest insurance companies in Japan, operates in30 countries and is listed on the Tokyo Stock Exchange with a market cap of $15 billion. In 2018, the company established its innovation lab in Tel Aviv, (it has two others in Tokyo and Silicon Valley), which is headed by Yinnon Dolev. The center leads commercial collaborations with Israeli startup companies such as Planck,Parametrix, GEOX, Easysend and others.
Sompo Israel and Europe Digital Lab Head Yinnon Dolev said: “Establishing the cybersecurity center and development group is part of our trend of expanding into new areas, as well as the collaborations that we are creating with various startups.”
