November 17th, 2017

XTC Sponsorship Series announces Sompo Holdings as Sponsor of Healthcare IT & Biotech Vertical

Extreme Tech Challenge (XTC) is excited to announce Sompo Holdings as the Accelerator Sponsor of the BioTech and Healthcare IT Verticals for this years competition. As a provider of property, casualty and life insurances as well as nursing and healthcare services, Sompo and the company’s Chief Digital Officer, Koichi Narasaki are both welcome additions to XTC 2018. Koichi Narasaki will be joining the Semi-Finals judging panel at CES later this January and the Final Round taking place in February 2018, on Sir Richard Branson’s Necker Island.

The Sompo Holdings Group engages in business without four varying segments of domestic P&C insurance: domestic life insurance, nursing care, healthcare, and overseas insurance businesses. Working to thrive in the current “volatile, uncertain, complex and ambiguous” era, the Sompo Holding Group strives to move forward under a Group Management Philosophy “to contribute to the security, health, and wellbeing of our customers and society as a whole by providing insurance and related services of the highest quality possible.”.​

On their involvement in XTC 2018, Koichi Narasaki, Chief Digital Officer says:

In this digital disruption era, the digital companies are eating legacy ones. I believe our insurance industry is no exception, so I always have the sense of crisis that our company will be disrupted unless we transform ourselves now. XTC will help solve this problem of ours. I am really looking forward to meeting start-ups from all over the world at the XTC Semi-Finals and Finals.

Reflecting on the new partnership, XTC COO, Sabine Schindlbauer echoes Sompo’s sentiments:

We are delighted to welcome Sompo Holdings as a new sponsor for XTC 2018. Sompo is a truly innovative company that shares the same values as XTC and with Koichi as a judge for the Semi-Finals, and Finals, his added expertise and knowledge will help uncover the best start-ups on show.

About Sompo Holdings

Sompo Holdings Inc. is a provider of property and casualty insurance and life insurance as well as nursing and healthcare services. The company also provides insurance products to businesses globally. We boast more premiums written than any other property and casualty insurance company in Japan. In addition, we are the largest provider of nursing home rooms and the second largest provider of senior care services in Japan in terms of sales. With a network covering 210 cities in 32 countries, we are expanding our operations from developed countries to emerging nations.​​

About Extreme Tech Challenge

The Extreme Tech Challenge is the world’s largest startup competition. It is a contest designed to identify emerging leaders that have the potential to dominate their markets and reward them with greatly enhanced visibility, infrastructure and resources to scale quickly at low cost. Ten world class startups will be selected as semi-finalists to present live on stage at CES with 3 finalists presenting to a panel of all-star judges TBA on Necker Island. Winners will receive resources to amplify their success and scale their companies.