Sompo Holdings Asia names new regional CEO as it makes development plans

Insurance provider Sompo Holdings Asia (SOMPO) has appointed Daniel Neo (pictured) as its regional chief executive officer. He succeeds Yuji Kawauchi, who has returned to Sompo Holdings in Tokyo to assume the role of executive vice-president of global business planning. Neo will oversee Asia companies of SOMPO group excluding Japan, spearheading the entire operations, management, and administrative activities of the region. He will work to strengthen SOMPO group’s business capabilities, focusing especially on improving customer experience, business effectiveness and to create a strong culture where people from different backgrounds will enjoy being part of SOMPO group. Neo has held senior management positions in the insurance industry for the past 20 years. SOMPO is looking forward to him applying his extensive insurance and leadership experience in the APAC region to drive its business in Asia. “Throughout its history, SOMPO group has strived to do the best for its customers, especially during difficult times. I have also seen many innovative solutions within the Group, whether it is in the SOMPO Digital Lab in Silicon Valley or at the head office in Shinjuku Tokyo. In my new role, I hope we can offer the same level of experience and excitement to all our customers, business partners and employees alike in Asia,” Neo said. SOMPO has also appointed Yasuhiro Sasanuma as the regional chief operating officer. Sasanuma was previously its executive director, head of corporate planning. The company looks to the next phase of development in Asia with the new team. “Understanding the markets we operate in is important, as each market has a different nuance and customer needs vary in this large Asia region. With our experienced regional management team, SOMPO group is well-positioned in Asia to achieve rapid, inclusive and sustainable growth,” Sasanuma said.