AYA SOMPO’s unique approach is to go beyond protecting you to providing you and your loved ones with peace of mind. For now and for the future.
As a general insurance service provider, AYA SOMPO Insurance provides nationwide service to tens of thousands of clients through its vast network and maintaining its own head office in Yangon’s bustling downtown district.
AYA SOMPO Insurance operates in more than 45 cities across Myanmar and has more than 570 employees. As a member of one of the largest financial groups in the country, AYA SOMPO Insurance combines local knowledge and network with international expertise. AYA SOMPO Insurance is a member of the UN Global Compact.
We look beyond the present. We go beyond insurance.
Through innovative solutions, we provide peace of mind.
For now and for the future.
Peace of mind
The future is unknown, but planning ahead together with AYA SOMPO will help manage the uncertainties of tomorrow and give customers peace of mind.
AYA SOMPO leads the way in providing customer- centred solutions that are simple and accessible. It informs and educates, promoting financial literacy and financial inclusion for the nation.
AYA SOMPO is driven by the innovative spirit to deliver ever-better products and services. And we build up human capital beyond our company needs, for the needs of the country.
U Zaw Zaw is the founder and Executive Chairman of AYA SOMPO INSURANCE COMPANY LIMITED – a joint venture company between AYA Myanmar Insurance (AMI) and Sompo Japan Insurance Inc. and a member of AYA Financial Group.
U Zaw Zaw is an established and well–connected entrepreneur and business leader in Myanmar, with over 25 years of management experience. U Zaw Zaw founded Max Myanmar Group of Companies, a major conglomerate in the country.
U Zaw Zaw is also the Chairman of the Myanmar Football Federation (MFF) and AYA Bank, the second largest bank in Myanmar since 2005 and 2010 respectively. He also served as an Executive Committee Member of Asian Football Confederation (AFC) and the Chairman of AFC Organizing Committee for Youth Competition. He was re-elected as vice-president of ASEAN Football Federation (AFF) for another four-year term from 2019-2023 and designated as vice president of the Asian Football Confederation (AFC) for the four-year term from 2019-2023.
U Zaw Zaw is a believer of contributing to the society and is a founder of Ayeyarwady Foundation. Through the Ayeyarwady Foundation, he has donated to various philanthropic causes and carried out numerous Corporate Social Responsibility activities. He has also donated generously for the development of football in Myanmar.
U Than Zaw is the Vice Chairman of AYA SOMPO INSURANCE COMPANY LIMITED – a joint venture company between AYA Myanmar Insurance (AMI) and Sompo Japan Insurance Inc. and a member of AYA Financial Group.
U Than Zaw played a pivotal role in starting AYA Myanmar Insurance (AMI) as the Managing Director when the market liberalized for private insurers in 2013. U Than Zaw served as Managing Director to AYA Bank from 2011 to 2013 and remains as the Executive Director of the Board at AYA Bank.
During his tenure, he has led the fledging Bank to grow its brand and network in Myanmar. U Than Zaw’s vast experience includes eight-year tenure with the Olympics Committee as a Treasurer and another two years as the Chief Executive Officer of the Myanmar Football Federation.
Chief Executive Officer
Chief Executive Officer
U Myo Min Thu is the Chief Executive Officer of AYA SOMPO INSURANCE COMPANY LIMITED – a joint venture company between AYA Myanmar Insurance (AMI) and Sompo Japan Insurance Inc. and a member of AYA Financial Group.
U Myo Min Thu joined AMI as the Managing Director in January 2015 and has spearheaded the company's progress as one of the leading private insurers in Myanmar providing insurance products through innovative channels. Under his leadership, AMI was the first insurer to embark on the digital journey, winning regional and global awards and accolades over the last 6 years. AMI successfully established a new joint venture company, AYA SOMPO INSURANCE COMPANY LIMITED in 2019, joining hands with a global brand in Sompo Japan Insurance Inc.
Prior to joining AMI, U Myo Min Thu had held various management positions in Singapore and overseas, bringing to the country his wealth of knowledge, international exposure, and experience.
U Myo Min Thu holds a bachelor’s degree from London School of Economics (LSE), UK with a BSc (Hons) in Banking and Finance and a Master of Business Administration (MBA) awarded by Edinburgh Business School (EBS) – Heriot Watt University, UK.
Chief Operating Officer
Chief Operating Officer
Mr. Hirokazu Mori is the Chief Operating Officer of AYA SOMPO Insurance. Mr. Mori has 27 years of insurance business experience throughout his career, including a diversified international experience in Japan and Indonesia, leading teams to provide professional insurance services to the clients across the different countries. Mr. Mori also had led teams to develop new service and products that contributed significantly to the businesses of Sompo Japan Insurance Inc.
As a Chief Operating Officer, Mr. Mori leads overall operations of AYA SOMPO Insurance that expands to Risk Management, Underwriting, Reinsurance, Customer Service, Claims Management and Innovation Lab. He brings with him valuable insights and experience through his professional career with Sompo Japan Insurance Inc in Japan and overseas.
Mr. Mori holds a Bachelor of Law degree from Doshisya University, Kyoto.
Mr. Takashi Kurumisawa is a Board of Director at AYA SOMPO Insurance. Mr. Kurumisawa has held various senior management positions, including as a Chief Executive Officer at Sompo International Insurance (Europe). He has been with the Sompo Group since 1995.
Mr. Kurumisawa is also currently holding on the role of Regional Strategy Planning Director at Sompo Holdings (Asia) Pte. Ltd. (Sompo Holdings Asia) in April 2022. Prior to that, he was Executive Vice President of Transaction-Strategy at Sompo International for 5 years. As the Regional Strategy Planning Director, Mr. Kurumisawa led the daily operations, management, and administrative activities of the Asian business entities, to ensure sustainable growth across the region.
Mr. Kurumisawa holds a Bachelor of Arts in History from Keio University, Japan.
Daw Thazin Aung is the Director of AYA SOMPO INSURANCE COMPANY LIMITED – a joint venture company between AYA Myanmar Insurance (AMI) and Sompo Japan Insurance Inc. and a member of AYA Financial Group.
She was a PwC Advisory Partner and local Lead Director/Partner for PwC Myanmar. She has over 16 years of professional experiences including 11.5 years with PwC Singapore and PwC Myanmar for audit, financial advisory and consulting and 5 years in the Maritime service industry in Myanmar.
During her 11.5 years with PwC, banking and investment management sectors are her areas of expertise and she has a strong understanding of asset management, investment funds, trade flow processes (end to end), structured finance and treasury product knowledge, financial analysis, due diligence transactions, people and change trans-formation of both private and investment bank op-erations. She led the local teams in PwC Myanmar for consulting, government, and banking advisory projects.
Daw Thazin Aung is also a member of USASEAN Business Council (USABC) where she actively participates and assists the Council’s business activities and missions related to foreign investments, and community initiatives in Myanmar.
Chaired by Non-Executive Director. Comprised of senior management members including the Head of Human Resource, the committee is responsible on behalf of the board of directors to review succession plans for directors, and the appointment and/or replacement of key management personnel, access process and criteria for evaluation of the performance of the board, its board committees, management committees and directors, and review of training and professional development programs for the board and its directors and appointment and re-appointment of directors. The committee also reviews a framework of remuneration for the board and key management personnel and the specific remuneration packages for each director as well as for the key management personnel.
Chaired by Non-Executive Director and comprised of senior management members including Chief Executive Officer, Chief Operating Officer, and Finance Divisional Head. The committee carries out the responsibilities delegated by the board of directors regarding recommendation of investment policy that lays down the operational framework for investment operations, and encompasses aspects concerning liquidity for smooth operations, compliance with prudential regulatory norms on investments, risk management/mitigation strategies to ensure commensurate yield on investments and above all protection of reserves and capital, which will be approved and adopted by the board.
Comprised of senior management members including Chief Executive Officer, Chief Operating Officer and Divisional Head and Deputy Division Heads of Business Division. The committee sets annual targets across the Bancassurance business in line with the company’s business strategy, executes to achieve set targets, monitors performance against targets, and makes improvements. The committee works closely with bank partner(s) and is responsible to create long-term sustainable business for the company as well as to implement strategy for marketing, distribution, and promotion of general insurance products through partner banks.
Led by Chief Executive Officer as Chair, comprised of senior management members including Chief Executive Officer, Chief Operating Officer, Head of Business Divisions and Head of Partnerships and Regional Business. The committee effectively represents and promotes the interest of AYA SOMPO Insurance with a view to provide long term value and sustainability of the company. The Committee is responsible to explore potential business opportunities that create long-term sustainable business for the company and also to implement strategy for marketing, distribution and promotion of general insurance products through the AYA SOMPO network. The Committee is accountable to the Management and Board members, and as such is responsible for the overall business growth, better customer services, serve good purpose to the industry and expand distribution channels to enhance company’s network, brand and value.
Lead by the Head of Corporate Planning Department as Chair to strategically plan the Company’s short-, medium- and long-term business sustainability with the respect to its vision and mission, and in response to market condition and comprise of senior management members including Chief Executive Officer, Chief Operating Officer and Head of Business Development. The committee aims to effectively represent and promote the interests of the Company with a view to provide long term value and sustainability of the company. Also, the Committee is accountable to the Management and Board members, and as such is responsible for the business planning of the Company.
Led by the Head of Claims Department as Chair. Comprise of senior management members including Principal Officer, Head of Audit, Risk and Compliance, Head of Underwriting, and Legal Officer. The committee reviews claim management processes, evaluates loss adjustment procedures, including the quality in decision making on claim disbursements and the evaluation process on the need of external loss adjustment teams. The committee also oversees the effectiveness and administration of claims-related policies, recommend enhancements to the policy or procedures, and to approve larger claims.
Led by Non-Executive Director and comprised of key members from Finance, Admin departments and key stakeholders. The committee prioritizes and implements purchase of default properties, servicing materials and equipment that are financially or otherwise advantageous to the company and its associates. The purchasing committee has the ultimate responsibility to recommend to the board of directors in order to engage purchasing functions that are mutually advantageous to obtain accurate performances in doing business with full transparency. The committee also oversees the effectiveness and administration of procurement policies, recommends enhancements to the policy or procedures, and to approve purchasing assets and capital expenditures in line with the company strategy.
Led by Certifying Actuary and comprised of key members from the Management Team, Finance, Technical and Claims departments. The committee reviews and monitors the actuarial estimates of the reserves as recommended by the Certifying Actuary and is responsible for finalizing and recommending the technical reserves to be booked in the financial accounts that are to be reported to the management and the board of directors. The committee is to ensure that the company has adequate reserves to be able to meet its financial obligations as and when the fall due, comply with local statutory guidelines, manage, and control reserving risks, and provide relevant information to the management team that allows efficient and effective management of its financial resources.
Chaired by the Chief Operating Officer and comprised of Divisional Head Operation Division and management members from Customer Experience, Corporate Communications, and Claims. The Customer Service Excellence Committee (SEC) aims to provide oversight on service quality standards and to promote and maintain positive customer experience. The objectives of the SEC are to embark on activities that would improve and enhance customer service and ensure positive customer experience in line with the company’s strategic plan.
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