Universal Sompo General Insurance Co., Ltd. (USGI)Upload an image or a logo if pertinent
Overview (14 word limit)Universal Sompo General Insurance Company Limited (USGI) was established in 2007 as a joint venture established between the Japanese insurance company Sompo Japan Insurance Inc. and a group of unidentified local Indian banks to introduce combined packages of microinsurance and microfinance to rural communities in India.
Description (140 word limit)Universal Sompo General Insurance Company Limited (USGI) was established in 2007 as a joint venture established between the Japanese insurance company Sompo Japan Insurance and a group of unidentified Indian companies to introduce combined packages of microinsurance, microcredit and other products to rural communities in India. USGI is capitalized with shareholder funds of approximately INR 2.3 billion (USD 50 million). Sompo Japan Insurance Incorporated is a Fortune 500 Company headquartered in Tokyo with a presence in 27 countries and five product lines that include property, marine, general accident, workmen’s compensation and motor. Sompo reports capital of JPY 70 billion (USD 912 million) as of March 31, 2011. The group of Indian partners include three banks with a combined asset base of INR 926 billion (USD 20.4 billion) and approximately 4,000 branches and distribution centers, and a consumer goods company in India with approximately 15 million retail outlets.
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Page last modified on Thursday 11 of August, 2011 22:53:22 MDT