Sompo Japan Insurance Inc. and Omron Healthcare Co. said Monday they have agreed to set up a joint venture Oct. 1 to offer health-care support services.
The venture, yet to be named, will be capitalized at 1.05 billion yen, with the major insurer holding 61.9 percent and the Omron Corp. affiliate the remainder.
The company will initially support corporate health insurance programs by providing services to help prevent adult diseases, including diabetes, the two firms said.
It will set targets for corporate insurance program members, check their health and suggest the most suitable measures to achieve the targets.
The two companies said the joint venture will expand the scope of its services to areas that include mental health and nursing in the future.
The new company will also seek to win health services contracts not only from companies but from the central and local governments under the public insurance system, as well as medical institutions, they said.