AYA SOMPO Insurance

What AYA SOMPO Insurance does

AYA SOMPO Insurance Company Limited is a Myanmar-domiciled general insurer headquartered in Yangon, operating as a joint venture established in September 2019 between AYA Myanmar General Insurance Co., Ltd (part of AYA Financial Group) and Sompo Japan Nipponkoa Insurance Inc. (a subsidiary of Japan's Sompo Holdings). The JV was approved by Myanmar's Ministry of Planning, Finance and Industry on November 28, 2019, and the legacy entity was rebranded to AYA SOMPO Insurance. The company serves both individual consumers and corporate clients in Myanmar through a 12-branch network, bancassurance distribution via AYA Bank, a network of agent partners, and digital self-service channels.

The company offers a comprehensive portfolio spanning personal lines (Motor Vehicle, AYA Health with Plus/Pro/Prestige/Prime tiers, AYA Go domestic travel, AYA Joy overseas travel, Personal Accident) and commercial lines (Fire, Industrial All Risks, Contractor's/Erection All Risks, Marine Cargo, Inland Transit, Cash In Safe, Cash In Transit, Fidelity, Marine Hull). Its technology stack centers on the My AYASOMPO mobile app and web portal for policy management, renewals, and claims; an E-Payment gateway integrating MPU, VISA, MasterCard, JCB, KBZ Pay and AYA Pay; an online Premium Calculator; the iPortal advisor tool; digital underwriting forms; and iVA, an AI-powered multilingual chatbot launched in April 2026.

Revenue is generated through insurance premiums across personal and commercial lines, with health insurance offered as customizable Cafeteria Plans for corporate clients. Distribution combines direct sales through branches, bancassurance partnerships (with AYA Bank as anchor and 10+ additional banks for premium collection including MUFG, Mizuho, SMBC for USD payments), corporate agency agreements, and digital self-service. The company's economic engine is tied to Myanmar's still-underpenetrated insurance market, with cross-sell leverage from the broader AYA Financial Group ecosystem.

Name

AYA SOMPO Insurance

Legal name

AYA SOMPO Insurance Company Limited

Website

https://ayasompo.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AYA SOMPO Insurance is a Yangon-based general insurer, jointly owned by AYA Financial Group and Japan's Sompo Holdings, offering personal and commercial insurance products across Myanmar through 12 branches, bancassurance partnerships, and digital self-service platforms.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Individual Health Insurance Administration (TPA/ASO) (FSAIAEAK)

akta.pro secondary industry

Airport & Ground Operations Insurance (FSAJAHAF)

Keywords

• General insurance products
• Motor vehicle insurance
• Health insurance plans
• Commercial property insurance
• Travel insurance coverage

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Personal Insurance Premiums: Revenue from individual insurance products including Motor Vehicle, Health, Travel, and Personal Accident insurance sold to individual consumers.
2. Commercial Insurance Premiums: Revenue from corporate insurance products including Fire, Industrial All Risks, Contractor's All Risks, Marine Cargo, Inland Transit, Cash In Safe, Cash In Transit, Fidelity, and Marine Hull insurance.
3. Health Insurance (Cafeteria Plan): Corporate health insurance plans customized to align with unique customer needs, offered as cafeteria-style benefit packages.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

AYA SOMPO Insurance is a Myanmar-based general insurance company providing both personal lines (Motor Vehicle, Health, Travel, Personal Accident) and commercial lines (Fire, Industrial All Risks, Contractor's All Risks/Erection All Risks, Marine Cargo, Inland Transit, Cash In Safe, Cash In Transit, Fidelity, Marine Hull). The company distributes its products through 12 branches, bancassurance partnerships (notably with AYA Bank), insurance agents, and digital self-service platforms including the My AYASOMPO mobile app and the iVA AI chatbot.

Product overview

AYA SOMPO Insurance is a joint venture between AYA Myanmar General Insurance and Sompo Japan Nipponkoa Insurance, operating as a general insurance company offering a comprehensive portfolio of personal and commercial insurance products. The personal insurance lineup includes Motor Vehicle Insurance, AYA Health Insurance (with Plus, Pro, Prestige, and Prime tiers), AYA Go Travel Insurance (domestic), AYA Joy Travel Insurance (overseas), and Personal Accident Insurance. Commercial offerings encompass Fire Insurance, Industrial All Risks Insurance, Contractor's All Risks/Erection All Risks Insurance, Marine Cargo Insurance, and Inland Transit Insurance. Additionally, the company provides specialty covers like Cash In Safe, Cash In Transit, Fidelity, and Marine Hull Insurance. The digital platform ecosystem includes My AYASOMPO self-service portal, E-Payment gateway, Premium Calculator, E-Claim Service, and iVA AI chatbot, enabling customers to access, purchase, and manage insurance products digitally.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Vehicle Insurance Comprehensive motor insurance covering private and commercial vehicles against losses from accidents, with optional covers for third party liability, theft, SRCC, Acts of God, windscreen, and nil excess.
• AYA Health Insurance Health insurance with four tiered plans (Plus, Pro, Prestige, Prime) offering comprehensive medical coverage including hospitalization up to 11,000,000 MMK, outpatient benefits, maternity care, and Thailand Zone coverage under Prime plan (44,000,000 MMK). Up to 10% Health Bonus on renewal premiums for no-claim policyholders.
• AYA Go Travel Insurance Domestic travel insurance covering individuals and families traveling within Myanmar against trip-related risks.
• AYA Joy Travel Insurance Overseas travel insurance for international travelers with coverage for medical emergencies, trip cancellations, and other travel-related incidents. Available for individuals and families (insureds below 70 years).
• Personal Accident Insurance Provides benefits for death, total permanent disability, and hospitalization expenses for injury-related events. Sum insured from 1,000,000 MMK to 10,000,000 MMK, ages 16-65, with coverage periods of 3, 6, or 12 months.
• Fire Insurance Property insurance covering residential, factory, shop, and warehouse buildings along with furniture, machinery, and goods against fire, lightning, explosions, riot, strike, flood, earthquake, and other perils.
• Industrial All Risks Insurance Comprehensive all-risks coverage for industrial premises, protecting against unforeseen losses from various perils.
• Contractor's All Risks (CAR) / Erection All Risks (EAR) Insurance Insurance protecting construction and erection projects against damage to works, materials, and third-party claims.
• Marine Cargo Insurance Coverage for goods during maritime transportation against loss or damage.
• Inland Transit Insurance Coverage for cargo transported overland between specified locations against risks during transit.
• Cash In Safe Insurance Coverage for cash held in safes or strong rooms at insured premises against burglary risks.
• Cash In Transit Insurance Coverage for cash during transportation between locations, protecting against unforeseen accidents while in transit.
• Fidelity Insurance Coverage for losses arising from employee dishonesty, providing lump sum benefits for cash manager's fidelity.
• Marine Hull Insurance Coverage for loss or damage to vessels and machinery from accidents, including total loss and all-risk coverage options.
• Cafeteria Plan (Corporate Health Insurance) Customizable corporate health insurance solution with cafeteria-style benefit packages including inpatient, outpatient, maternity, optical, dental, personal accident, and vaccination coverage. Minimum 5 persons for standard corporate or 50 persons for larger groups. Inpatient coverage up to 55,000,000 MMK; Thailand Zone coverage up to 110,000,000 MMK.
• iVA (Insurance Virtual Assistant) AI-powered chatbot integrated within the My AYASOMPO mobile app providing 24/7 real-time support for insurance inquiries in Myanmar and English languages.

Quantifiable outcome

• MMK 21 billion claim payout for disaster recovery
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability3 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Manulife MyanmarcoreStrategic or Co-development Partner · 10 June 2026Strategic collaboration announced June 10, 2026, aimed at delivering enhanced healthcare protection solutions. Combines general insurer and life insurer expertise to address evolving protection needs of customers across Myanmar.
• Ayeyarwady FoundationminorOthers · 1 September 2025CSR partnership for disaster relief efforts including MMK 1,000 lakhs donation to Wai Bar Gi Hospital and Yankin Children Hospital for COVID-19 prevention, and earthquake relief support in 2025.
• Matrix Institute of ProfessionalsminorImplementation/ SI/ Consulting Partner · 1 June 2022Learning and Development Partnership for cooperative agreement on professional training and development.
• National Management AcademyminorImplementation/ SI/ Consulting Partner · 18 May 2022Learning and Development Partnership signed May 18, 2022, for employee training and development programs.
• Strategy First UniversityminorImplementation/ SI/ Consulting Partner · 18 June 2020Learning and Development Partnership signed June 18, 2020, for educational collaboration and student development programs.
• AYE FC (AUFC)minorGTM or Marketing Partner · 28 January 2020Main sponsorship of AUFC football club competing in Myanmar National League. Sponsorship ceremony held January 28, 2020 at Novotel Yangon Max.
• Myanmar National LeagueminorGTM or Marketing Partner · 15 January 2020Partnership agreement signed January 15, 2020, in cooperation with AIA Myanmar and AYA Bank to support football sports development in Myanmar. Covers MNL-1, MNL-2, MFF Charity Cup General Aung San Shield, and Myanmar National Youth League.
• Sompo Japan Nipponkoa Insurance Inc.coreStrategic or Co-development Partner · 7 September 2019Joint venture partnership established September 7, 2019, between AYA Myanmar General Insurance and Sompo Japan Nipponkoa Insurance Inc. Combines Myanmar market expertise with Japanese insurance technology and quality standards. Approved by Ministry of Planning, Finance and Industry of Myanmar.
• AYA BankcoreChannel Partner/ Reseller/ DistributorBancassurance partnership for distributing insurance products through AYA Bank branches. Bank also provides premium collection services through mobile banking, internet banking, and branch counters.
• KBZ BankminorChannel Partner/ Reseller/ DistributorPremium collection partnership with KBZPay for MMK payments and QuickPay for USD and MMK transactions.
• CB BankminorChannel Partner/ Reseller/ DistributorPremium collection partnership through CB Bank branches for insurance payments.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Myanma Insurance (National Insurance): State-owned national insurance enterprise of Myanmar with the broadest product portfolio and longest history. Sets the competitive baseline against which private carriers like AYA SOMPO differentiate.
• Sompo Holdings: Parent of AYA SOMPO's JV partner and one of Japan's largest insurance groups with global P&C and life operations. Provides the Japanese insurance expertise embedded in AYA SOMPO and serves as a regional benchmark.
• Tokio Marine Holdings: Major Japanese P&C insurer with Southeast Asia operations and embedded bancassurance models. Comparable in JV-driven emerging-market strategy and product breadth.

Direct peers

• First Myanmar Insurance (FMI): Established Myanmar general insurer offering motor, fire, marine, and personal accident products. Comparable multi-line carrier competing in the same domestic market.
• CB Insurance: Insurance affiliate of CB Bank in Myanmar, offering multi-line personal and commercial insurance. Comparable in scale and bank-distribution model to AYA SOMPO's AYA Bank partnership.
• IKBZ Insurance: General insurance arm of KBZ Bank group, one of Myanmar's largest bank-led insurers. Directly competes with AYA SOMPO across motor, health, and commercial lines and shares the same bancassurance-led distribution playbook.
• MSIG Myanmar: ASEAN-focused P&C insurer under Mitsui Sumitomo Insurance group operating in Myanmar. Direct multi-line general insurance competitor leveraging Japanese parent capabilities.
• Grand Alliance Insurance Myanmar: Myanmar-licensed general insurer offering personal and commercial coverages with bank and agent distribution. Operates in the same regulatory and market environment as AYA SOMPO.
• Global Insurance Myanmar: Myanmar-licensed general insurance carrier with multi-line offerings. Competes head-to-head with AYA SOMPO in personal and commercial segments.

Emerging players

• Manulife Myanmar: Life and health insurance arm of Manulife in Myanmar and AYA SOMPO's 2026 strategic partner. Overlaps in health and personal accident, increasingly a co-seller rather than pure competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCqQnRlVP3gu5fkoDuseZcFA
• Facebookfacebook.com/ayasompo
• LinkedInlinkedin.com/company/ayasompo-insurance
• Instagraminstagram.com/ayasompo_insurance
• Xx.com/AyaSompo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AYA SOMPO Insurance