The Company began operation in 1974 as an overseas branch office of an insurance company. It was incorporated in Malaysia as a private limited company on 22 September 1980. The Company changed its name to United Prime Insurance (Malaysia) Sdn Bhd on 1 July 1985 and subsequently changed its name to Berjaya General Insurance Sdn Bhd on 26 October 1991. On 6 May 1997, it was converted to a public limited company and became a wholly owned subsidiary of Berjaya Capital Berhad, a public listed company in Malaysia on 15 May 2000.

On 11 December 2006, Sompo Japan Insurance Inc, the second largest insurance company in Japan purchased a 30% equity stake in the company from Berjaya Capital Berhad.

On 9 February 2007, the company changed its name to Berjaya Sompo Insurance Berhad to reflect the partnership between Berjaya Capital Berhad and Sompo Japan Insurance Inc.

This strategic alliance will enable the Company to widen its customer base and range of products as well as services through Sompo Japan global network and branding to better compete with the bigger reginal and international players.