Soramitsu

insurtechsoftware/whitelabel/apis-insurtech

FOUNDING YEAR: 2016
LOCATION: Japan
Last Update: 18/10/2019

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About

Developed the world's first *live* #CentralBank issued Blockchain Payments App for the National Bank of Cambodia: #Bakong. Main developers of Hyperledger #Iroha

MEDICI Analysis

Soramitsu is working with Japanese P&C Insurer, Sompo Japan Nipponkoa Holdings to develop a means to purchasing and exchanging insurance policies related to natural disasters and other catastrophic events. The Derivative System using blockchain technology that Sompo Holdings and Soramitsu have begun jointly developing aims to create a service that simultaneously shares data such as contract details on the blockchain to swiftly carry out every step in the insurance process, from managing risk aggregation for derivative products to determining whether or not to pay out on claims and implementing procedures to pay compensation

Focus

PRODUCTS & SERVICES

Online insurance platform to purchase and exchange insurance policies.

company provided insights

People

KEY EMPLOYEES:

Makoto Takemiya

Ryu Okada

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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