Commercial Insurance Provider Sompo Joins Hands with TytoCare to Launch AI Healthcare for Elderly
By: Asia Business Outlook Team | Thursday, 14 September 2023
Sompo, Japan's leading commercial insurance provider, has partnered with Israeli telehealth startup TytoCare to launch its artificial intelligence-based remote medical device for elderly nursing care services.
According to the Times of Israel, TytoCare will integrate its remote medical examination products into nursing homes and the elderly care market throughout Japan under a recent commercial collaboration agreement with Sompo's digital arm, Light Vortex. This collaboration comes after the Japanese Pharmaceuticals and Medical Devices Agency (PMDA) approved TytoCare's products.
Since 2018, Sompo has been active in Israel through its Digital Lab Tel Aviv, investing over $20 million in Israeli startups such as Nexar (smart car dashcams), Intuition Robotics (robotics development), and Binah.ai (health data platform).
Sompo’s nursing care business operates the largest chain of nursing homes for the elderly in Japan, with 301 nursing homes comprising 28,500 rooms, along with 58-day centres for the elderly and 505 centres offering various services for the aging population.