InsurTech startups in Japan
There are 35 InsurTech startups in Japan which include Sompo, Sasuke Financial Lab, hokan, Lifenet Life Insurance, Ipet Insurance. Out of these, 14 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 1 new company has been launched annually.
Here is the list of top InsurTech startups in Japan
1. Sompo
Provider of multiple insurance products. The platform offers property and casualty insurance solutions, offering products such as auto insurance, fire insurance, earthquake insurance, and international travel insurance to support customer safety and security.
Key facts about Sompo
- Founded Year: 1888
- Location: Shinjuku City (Japan)
- Stage: Unfunded
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 2 of 5 Competitors
Sasuke Financial Lab provides insurance robo advisor to the users. It offers Donut which on the basis of requirement suggests the best insurance available. Offers proposals of products from multiple insurance companies. Also offers Wealth Care app which focuses on household finance and housing consulting.
Key facts about Sasuke Financial Lab
- Founded Year: 2016
- Location: Tokyo (Japan)
- Stage: Seed
- Total Funding till date: $474K
- Investors: KLab Venture Partners, Global Catalyst Partners Japan and 2 Others
- Latest Funding Round: Seed, Oct 25, 2018, $*****
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 1 of 3 Competitors
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3. hokan
Hokan is a SaaS-enabled insurance CRM/SFA(Customer Relationship Management/Sales Force Automation) software for insurance agents. Offers automated contract information entry, sales dashboard, and visualization tools. Enables sorting & grouping function, document upload, policy print & pdf conversion. Communications are protected by SSL encryption.
Key facts about hokan
- Founded Year: 2017
- Location: Chiyoda City (Japan)
- Stage: Seed
- Total Funding till date: $1.29M
- Investors: Sony Innovation Fund, Archetype Ventures and 5 Others
- Latest Funding Round: Seed, Jan 15, 2019, $*****
- Tracxn Score: 37/100 What is this?
- Competitors Rank: 103 of 716 Competitors
Key facts about Lifenet Life Insurance
- Founded Year: 2006
- Location: Chiyoda City (Japan)
- Stage: Public
- Investors: Venture United, Globis Capital Partners and 4 Others
- Latest Funding Round: Seed, Mar 2008, $*****
- Tracxn Score: 35/100 What is this?
- Competitors Rank: 1 of 1 Competitors
Provider of pet insurance for dogs and cats. It offers two main plans: one with comprehensive coverage for medical expenses, and a more affordable option focusing on surgical costs. Policyholders can utilize a direct claim process or a convenient in-office settlement at participating veterinary clinics. The company also provides resources such as guides on pet healthcare and frequently asked questions to assist pet owners. Coverage extends to various illnesses and injuries, including congenital conditions discovered after policy commencement. The plans are available for pets up to a certain age, with ongoing coverage possible after the initial term.
Key facts about Ipet Insurance
- Founded Year: 2006
- Location: Tokyo (Japan)
- Stage: Public
- Investors: The Gogin Capital and YCP Group
- Tracxn Score: 34/100 What is this?
- Competitors Rank: 1 of 2 Competitors
