Japanese Insurance Company Sompo Partners With Two Israeli Cybersecurity Startups

Tokyo-listed insurance company Sompo Holdings Inc. has partnered with two Israeli cyber startups, the company announced in a statement. Last month the Japanese inaugurated a Tel Aviv innovation center, adding to existing operations in Tokyo, and Silicon Valley.

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One of Japan’s largest insurance companies and the nation’s largest company in the realm of geriatric medical and nursing services, Sompo operates internationally in more than 30 countries and reports 20 million customers.

The company partnered with Panorays Ltd., which provides an automatic system that mimics the sorts of activities hackers utilize, to provide a holistic view of possible third-party security flaws. Sompo also partnered with another Israeli cybersecurity startup, but the company did not disclose the latter’s name in its statement.

The company’s Israeli innovation center focuses on startups in the fields of insurtech, mobility, health and geriatric care, blockchain, and cybersecurity.