Nippon Life Insurance Company (Nippon) is provider of individual and group life insurance and annuity products. The company offers insurance products for whole life, term life, endowment, general medical, physical disability, dread disease, cancer medical, and limited injury to individual customers. Its corporate insurance products include group credit life, group term life, group long-term disability income support, group medical life, employees’ pension fund, workers’ asset-formation pension fund, and workers’ asset-formation savings. It also focuses on asset management and general affairs-related operations. It offers trust banking services, leasing, type II financial instruments services, investment advisory, investment management, credit guarantee services, venture capital, mortgage loans, discretionary investment contract services, and finance agency services. It operates through a network of branches, sales offices, overseas representative offices, and agencies. It operates in Japan, the US, the UK, and Asia. Nippon is headquartered in Osaka, Japan.
Headquarters
Japan
Address
3-5-12, Imabashi, Chuo-ku, Osaka, 5418501
Website
www.nissay.co.jp
Telephone
81 6 62094500
No of Employees
76,792
Industry
Financial Services
Revenue (2022)
$74.4B
Nippon Life Insurance Company premium industry data and analytics
Products and Services
| Products |
|---|
| Dread Disease Insurance |
| Physical Disability Insurance |
| Nursing Care Insurance |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In February, the company signed a memorandum of understanding with Chulalongkorn University, Bumrungrad Hospital and Bangkok Life Assurance to enhance the quality of life of Thai people with financial stability and health. |
| 2023 | Financing Agreements | In January, the company agreed to invest an additional US$1 billion in Resolution Life. |
| 2022 | Contracts/Agreements | In September, the company made a syndicated transition loan agreement with Sumitomo Chemical Company to support the efforts by companies that are steadily reducing greenhouse gas. |
Competitor Comparison
| Key Parameters | Nippon Life Insurance Company | Japan Post Insurance Co Ltd | Meiji Yasuda Life Insurance Co | Sumitomo Life Insurance Co | Sony Life Insurance Co., Ltd. |
|---|---|---|---|---|---|
| Headquarters | Japan | Japan | Japan | Japan | Japan |
| City | Osaka | Chiyoda-Ku | Tokyo | Osaka City | Minato-ku |
| State/Province | Osaka | Tokyo | Tokyo | Osaka | Tokyo |
| No. of Employees | 76,792 | 20,541 | 47,415 | 40,000 | - |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yoshinobu Tsutsui | Chairman | Executive Board | 2018 | 68 |
| Hiroshi Shimizu | President; Director; Chief Executive Officer | Executive Board | 2018 | 61 |
| Satoshi Asahi | Senior Managing Executive Officer; Director | Executive Board | 2021 | 59 |
| Nobuto Fujimoto | Director; Senior Managing Executive Officer | Executive Board | 2021 | 60 |
| Yousuke Matsunaga | Executive Vice President; Director | Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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