Medium to Long-Term Sales Strategy at a Life Insurance Company

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Medium to Long-Term Sales Strategy at a Life Insurance Company"

Transcription

1 FALIA Invitational Seminar in Japan Individual Life Insurance Marketing Course Medium to Long-Term Sales Strategy at a Life Insurance Company May 21 st, 2013 Tatsuo Nakagawa Manager Marketing Strategy Dept. The Dai-ichi Life Insurance Company, Limited

2 Presentation Contents 1 Session 1. Introduction Overview of Dai-ichi Life Changing Environment of the Life Insurance Business Session 2. Sales Strategy of Dai-ichi Life Total Life Planning Strategy Strategic Alliance Session 3. Sales Channel Strategy of Dai-ichi Life Efforts toward Diversifying Sales Channel Summary

3 2 Session 1. Introduction Overview of Dai-ichi Life

4 3 Overview of Dai-ichiLife (As of end of March 2012) Company profile (as of March, 2012) Name The Dai-ichi Life Insurance Company, Limited Total assets JPY 31,461.9 billion Head Office Chairman of the board President Date of establishment Foundation funds Policies in force (Sum insured, Unit: Billions of JPY) , Yurakucho, Chiyoda-ku, Tokyo, Japan Phone: Katsutoshi Saito Koichiro Watanabe September 15, 1902 JPY billion Individual insurance: 138, Individual annuities: 7, Group insurance: 50, Group annuities: 6, Premium income Claims payments Ratings Subsidiaries and affiliates Management principle JPY 3,056.0 billion (April, March, 2012) JPY 2,508.7 billion (April, March, 2012) Rating and Investment Information, Inc. A+ Japan Credit Rating Agency, Ltd. A+ Standard and Poor's A Fitch Ratings A- (as of July 1 st, 2012) Domestic: 18, Overseas: 11 Policyholders first Total life partner No. of employees 56,852 (Office employees: 12,904, Salespersons: 43,948) No. of field offices Branch offices: 84,Sales offices: 1,263 (as of April 1, 2012)

5 4 Position within the Industry Business in force (End of FY2011 Sum insured of Individual Insurance) (Trillion of JPY) Nippon 日 本 Dai-ichi 第 一 Sumitomo 住 友 Meiji 明 治 Yasuda 安 田 Daido 大 同 Asahi 朝 日 Fukoku 富 国 Mitsui 三 井 (18%) (16%) (11%) (10%) (4%) (3%) (3%) (2%) Share 70%

6 5 Session 1. Introduction Changing Environment of the Life Insurance Business

7 Development of Aging 6 (Population) Demographic Structure in the Seventies Current Demographic Structure Demographic Structure in s 30 s 40 s 50 s 60 s onward (Age)

8 7 Overview of Personal Financial Assets (At the end of FY2011) Total of personal Financial assets JPY 1,516 trillion 現 金 預 金 816 兆 円 (55 55%) Cash and Deposits 833 trillion yen (55%) Total of insurance And pension JPY 422 trillion (29%) Insurance reserves 219 trillion yen (15%) Pension & annuity reserves 202 trillion yen (14%) 1,600 1,500 1,400 1,300 Trends of Personal Financial Assets 1,401 1,429 1,389 1,409 1,371 1,356 1,328 1,286 1,256 1,260 1,519 1,545 1,490 1,410 1,452 1,480 1,516 1,200 1,134 1,177 1,100 1,000 1,026 1,

9 Deregulation (Insurance Industry) 8 Insurance system reform (1996~) Entry into life and non-life insurance markets each other through the affiliate company method Agency services between insurance companies (2000~) Made it possible for insurance companies to perform sales of the products of other insurance companies as agents Entry into the third sector Japan-US Insurance Talks January 2001~ Entry into each other insurance markets by life and non-life insurance affiliate companies July 2001~ Entry of life and non-life insurance companies themselves Insurance sales through banks and securities companies December 1998~ April 2001~ October 2002~ December 2005~ December 2007~ April 2011 Insurance sales through securities companies Insurance sales through banks themselves (credit insurance related to home loans) Insurance sales through banks themselves (individual annuities, etc.) Insurance sales through banks themselves (single premium whole life insurance + endowment insurance, etc.) Insurance sales through banks themselves (all insurance products) Revise measures for preventing harmful effects

10 9 Session 2. Sales Strategy of Dai-ichi Life New Total Life Planning Strategy

11 10 Diversified lifestyle Married at the ages of 20 s 2 children Wife is a fulltime housewife With children and a full-time housewife Dual income with children Dual income with no kids (DINKS) Not married Strong needs for death coverage Diversified needs for protection along with diversified lifestyles

12 Changes in Customers 11 Declining population and changing demographic structure (Declining birthrate and aging of society, etc.) Diversifying lifestyle and needs (Mandatory retirement age for the baby boom generation, increase of unmarried people, social advances of women, etc.) Further slimming of the social security system (Necessity of self-help efforts / Increasing unease of customers) Traditionally Life security for the surviving family when a death occurred Currently Life security for the surviving family when a death occurs + Existence security (medical care, nursing, income security) Life security for the elderly (annuities, savings)

13 12 Strategy Suited to the Changes in the Business Environment Changes in the business environment Social security/customer needs/competitive environment Policyholders-first policy Lifelong partner Total Life Plan

14 Example Image of the Total Life Plan 13 Savings (education fund, etc.) Old age protection (savings for old age) Nursing care protection Income protection Health protection Death coverage Finding employment Marriage Birth of a child Enrollment of child in school Purchase of a home Child s finding employment Retirement age Old age

15 Aim of the New Total Life Plan Strategy 14 Current population demographic Death coverage market Death coverage + living protection market 20 s 30 s 40 s 50 s 60 s~ Features of traditional life insurance in Japan Our company s Total Life Plan strategy Market ~ Being good at death coverage Not as good at living protection Once the sale is made it is over and done with and there is poor after service, which leaves the customers unsatisfied Sales of only a single product to each customer Proposal of products that are suited to the customers life stage Provision of after service to the customer via the same sense of values that the new contract was acquired through Overlapping sales to single customers, expanding into the customers households (families)

16 Orientation of Our Market Strategy 15 Population Population distribution (twin peaks) Wealthy group Protection core groups (Death coverage) Middle/senior group Junior group Single male group Female group (single, fulltime house wife, etc.) 20 s 40 s 60 s

17 Our Consulting System Supporting the Total Life Plan 16 Customers Salespersons In-house FP/Sales front Outside Agents Banks Securities companies Business owners and business administrators Wealthy group

18 Visit-Style Shops: Dai-ichi Life Insurance Shops 17 Aiming to further elevate CS by means of providing Total Life Plan recommendations by means of various policy conservation transactions, insurance consultations, and more at locations which are near at hand for customers and in a time frame which is convenient for them, including holidays. In addition, it also includes response to customers for whom it is difficult to maintain contact through visits and sales and customers who would like to perform a comparative review of their own insurance. Thinking things through together with customers Handled by our specialized staff User satisfaction rate of 90.7% Who should I ask about such matters? Dai-Ichi Life Insurance Shops are consultation service centers that were created based on customer comments like the one above. They thoroughly handle a variety of needs to suit the customer s lifestyle related to matters like providing for eventualities, children, and old age. Our procedures give customers peace of mind around the country ( ) Satisfaction rate with responses from contact points on the whole in the FY2012 Nationwide Customer Survey. (Survey period: September 3 November 26, 2012; survey carried out by Research and Development, Inc.)

19 18 Introduction of Mobile Computers (DL Pads) We are introducing DL Pads, which are cutting edge mobile computers with specifications that are unique to our company to serve as vital infrastructure for promoting our New Total Life Plan. DL Pads are equipped with functions that allow salespersons to explain a wide array of information in an easy to understand manner using illustrations, video, audio, and other media. The information includes that on health and medical care, the social security system, services customers will receive after joining based on their insurance arrangements, programs and arrangements that customers can soundly receive, and more. The DL Pad s Presentation Function

20 19 Session 2. Sales Strategy of Dai-ichi Life Strategic Alliance

21 20 Strategic Alliance (Essential Features of the Alliances) Introduction of the most powerful and very best products in order to make the Total Life Plan complete Expanding customer services by means of forming a comprehensive insurance group Creation of customer bases utilizing non-life insurance products and cancer insurance products Vitalization of Activities and the Creation of New Customer Bases Sompo Japan Insurance Inc. Mutually providing products Sales consisting mainly of Sompo Japan s car insurance in the non-life insurance sector Sales of our products by Sompo Japan s agents in the life insurance sector Strengthening our affiliate relationship In order to have our affiliation produce additional results, in September 2008 we invested in Sompo Japan DIY Life Insurance Co., Ltd., while Sompo Japan invested in Dai-Ichi Frontier Life Aflac Sales of cancer insurance We combined Aflac s Cancer Insurance Days for Living with the New Total Life Plan that we provide and are selling it as our customized Cancer Insurance Days for Living Dai-Ichi Life Full Support Plan

22 21 Session 3. Sales Channel Strategy of Dai-ichi Life Efforts toward Diversifying Sales Channel

23 Development of Sales Channels by Market and Product 22 Positioning salespersons channel as the central channel and developing agent channels in response to product and market General level Individual market Affluent level Corporate market Small/medium, companies Large companies Pro agents (alliance) Death coverage, (Tax accountant) medical insurance markets Salespersons Financial institutions independent agents Tokyo Market Sales Department RM FP Consulting Department Savings market Banks, securities companies

24 (Reference) Establishment of Dai-ichi Frontier Life as a Subsidiary Company for the Over the Counter Sales Business 23 Dai-ichi life established a subsidiary life insurance company in December 2006 that was the first in Japan to be fully financed by a life insurance company. Accompanying the expansion of the savings-based market, the company was designed to strengthen the over the counter sales business through banks and securities firms. [Background to its Establishment] Alterations in the population composition due to factors like the declining birthrate and aging of society Expanding need for annuity products due to insecurity over aging Growth of bank and securities firm channels (Channel) (Products) (Over the Counter Sales Business) Business Characteristics which Differ from Our Main Business Main business (Sales of insurance products by salespersons) Channels exclusive to one company Primarily coverage insurance Limits on the death coverage market Expansion of the savings-based market Responding to the over the counter sales business Over the counter sales business Independent channels (severe competition) Mainly savings-based (shortening of the development cycle) [Company Overview of Dai-ichi Frontier Life] Established: December 1, 2006 Capital: billion yen (incl. reserve capital of 67.5 billion yen) Shareholder: Dai-Ichi Life Insurance Company, Limited (90%), Sompo Japan Insurance Inc. (10%) Start of operations: October 1, 2007 Products handled: Individual annuity insurance (from the outset of the start of operations) (Relation between Dai-ichi Frontier and Dai-ichi Life) (Sales support) Banks and securities firms (Clerical processing) (No. of contracts) (System) (Service) Extremely vast number of contracts Vast information processing Uniform service structure throughout all of Japan Small number of contracts per product Rapid development suited to the product cycle Service varies for each agent The decision was made to establish a subsidiary company specializing in the over the counter sales business that was separate from our main company Dai-ichi Life (Agent and representative agreement) Sales support via a support unit Dai-ichi Frontier Product development Insurance underwriting Operations Through the establishment of a subsidiary company we have achieved the provision of competitive products suited to our customers needs and the unique characteristics of sales channels, as well as low cost, flexible operations

25 Summary 24

26 Future Expansion (Life Insurance Industry) 25 Increasing our role of supplementing the social security system Diversification of products and sales channels owing to the diversification of lifestyles and needs Shrinking of the death coverage market Expansion of the health, annuities, nursing care, and occupational disabilities markets Diversification of sales channels such as financial institutions like banks and securities, stores, and mail-order Intensifying competition, including that in peripheral industries

27 Future Expansion (Dai-ichi Life) 26 Becoming a life insurance company that has the utmost support of its customers Sustainable efforts to keep our competitive advantage in the death coverage market Further development into expanding markets such as savings and the third sector Investigation for advancement into the life insurance markets of other countries

28 Priority Areas 1. : Response to the Saving Market 27 Dai-ichi life established a subsidiary life insurance company in December 2006 that was the first in Japan to be fully financed by a life insurance company. Accompanying the expansion of the savings-based market, the company was designed to strengthen the over the counter sales business through banks and securities firms. The operation started in October, [Background to its Establishment] Changes in the population composition Expanding need for annuity products Growth of bank and securities firm channels (Channel) (Products) (Over the Counter Sales Business) Business Characteristics which Differ from Our Main Business Main business (Sales of insurance products by salespersons) Channels exclusive to one company Primarily coverage insurance Limits on the death coverage market Expansion of the savings-based market Responding to the over the counter sales business Over the counter sales business Independent channels (severe competition) Mainly savings-based (shortening of the development cycle) [Company Overview of Dai-ichi Frontier Life] Established: December 1, 2006 Capital: billion yen (incl. reserve capital of 67.5 billion yen) Shareholder: Dai-Ichi Life Insurance Company, Limited (90%) Sompo Japan Insurance Inc. (10%) Start of operations: October 1, 2007 Products handled: Individual annuity insurance (from the outset of the start of operations) (Relation between Dai-ichi Frontier and Dai-ichi Life) (Sales support) Banks and securities firms (Clerical processing) (No. of contracts) (System) (Service) Extremely vast number of contracts Vast information processing Uniform service structure throughout all of Japan Small number of contracts per product Rapid development suited to the product cycle Service varies for each agent The decision was made to establish a subsidiary company specializing in the over the counter sales business that was separate from our main company Dai-ichi Life (Agent and representative agreement) Sales support via a support unit Dai-ichi Frontier Product development Insurance underwriting Operations We have achieved the provision of competitive products suited to the unique characteristics of sales channels, as well as low cost, flexible operations

29 Priority Areas 2. : Response to Overseas Markets 28 Signed a merger contract that established a joint life insurance company with two major banks in India, Bank of India (BOI) and Union Bank of India (Union Bank) in Dec Named Star-Union Dai-ichi Life, it started operations in Feb India Vietnam Acquired Vietnam s life insurance company Bao Minh CMG and started business as Dai-ichi Life Insurance Company of Vietnam in Jan Started the life insurance business as the first Japanese life insurance company in Vietnam. Australia Thailand In May 2011 the local life insurance company TOWER Australia became a wholly owned subsidiary. The Australian life insurance market has expanded steadily as the country has gone on to achieve favourable economic growth. Entered into a group reinsurance agreement with Ocean Life Insurance Co. in Aug Subsequently, after strengthening relationships such as human interactions and provision of know-how, established a strategic business alliance in July 2008.

30 29

31 <Reference> Business Results (Individual Insurance) 30

32 Trends of Results (Policies in force, Sum insured in force, premium in force converted to a yearly basis) (1) Sum insured in force / Policies in force (Trillion Yen) Sum insured 保 有 S in force 1,267 1,258 保 有 N Policies in force 1,243 1,233 1,243 (Note) Shown for Individual Life Insurance + Individual Annuity (Note) Include results of Dai-ichi Frontier Life Insurance 1,266 1,298 (10,000 policies) 1,300 1, 年 度 年 度 年 度 年 度 年 度 年 度 年 度 (FY) 1,100 (2) Premium in force converted to a yearly basis (100 million Yen) 25,000 Individual Insurance 個 保 第 一 分 野 Individual Insurance 個 保 第 三 分 野 Individual 個 人 年 金 (First sector) (Third sector) Annuity 21,335 21,311 21,097 20,965 21,487 21,617 21,979 2,323 2,616 2,858 3,297 4,259 4,569 5,149 15,000 4,710 4,826 4,888 4,927 4,948 5,066 5,150 14,302 13,869 13,351 12,741 12,280 11,982 11,680 5, 年 度 年 度 年 度 年 度 年 度 年 度 年 度 (FY)

Financial Institution Agency (Bancassurance, Securities Companies) Strategy of a Life Insurance Company

Financial Institution Agency (Bancassurance, Securities Companies) Strategy of a Life Insurance Company FALIA Invitational Seminar in Japan Individual Life Insurance Marketing Course Financial Institution Agency (Bancassurance, Securities Companies) Strategy of a Life Insurance Company May 26th, 2015 Akira

More information

Transition of Product Development Responding to the Change of Management Environment

Transition of Product Development Responding to the Change of Management Environment FALIA Invitational Seminar in Japan Product Development Strategy Course Transition of Product Development Responding to the Change of Management Environment July 30th, 2015 Ken Shimo Manager Product Development

More information

Future Sales Strategy

Future Sales Strategy Future Sales Strategy The Prudential Life Insurance Co., Ltd. June 22, 2010 P.1 Table of Contents 1. Environment of Life Insurance in Japan 2. Summary of Prudential 3. Sales Strategy of Prudential 4. Performance

More information

I. The aim of reorganization by function. September 27, 2013

I. The aim of reorganization by function. September 27, 2013 September 27, 2013 MS & AD Insurance Group Holdings, Inc. Mitsui Sumitomo Insurance Company, Limited Aioi Nissay Dowa Insurance Company, Limited Mitsui Sumitomo Aioi Life Insurance Company, Limited Reorganization

More information

NEWS RELEASE. Life Insurance Companies: R&I Affirmed Ratings

NEWS RELEASE. Life Insurance Companies: R&I Affirmed Ratings Life Insurance Companies: R&I Affirmed Ratings No.2003-PA-009 Sep 26, 2003 Rating and Investment Information, Inc. (R&I), has completed a review of the insurance claims paying ability (CPA) ratings and

More information

Medium-Term Management Plan Action D for Fiscal 2013 to Fiscal 2015

Medium-Term Management Plan Action D for Fiscal 2013 to Fiscal 2015 Management Policy Medium-Term Management Plan Action D for Fiscal 2013 to Fiscal 2015 The Company is working on its medium-term management plan, Action D The Group s Collective Challenges for Achieving

More information

The Dai-ichi Life Insurance Company, Limited Annual Report. (Integrated version with Dai-ichi Life DSR Report)

The Dai-ichi Life Insurance Company, Limited Annual Report. (Integrated version with Dai-ichi Life DSR Report) The Dai-ichi Life Insurance Company, Limited Annual Report (Integrated version with Dai-ichi Life DSR Report) Koichiro Watanabe, President and Representative Director Katsutoshi Saito, Chairman of the

More information

The Dai-ichi Life Insurance Company, Limited

The Dai-ichi Life Insurance Company, Limited The Dai-ichi Life Insurance Company, Limited Investor Presentation: Product Strategies March 27, 2014 Product Development and Management Unit, The Dai-ichi Life Insurance Company, Limited [table of contents]

More information

Management Strategy of Neo First Life. Yuji TOKUOKA, President, The Neo First Life Insurance Company, Limited

Management Strategy of Neo First Life. Yuji TOKUOKA, President, The Neo First Life Insurance Company, Limited Management Strategy of Neo First Life Yuji TOKUOKA, President, The Neo First Life Insurance Company, Limited About Neo First Life Became wholly owned subsidiary of Dai-ichi Life in August 2014 Launched

More information

Basic Agreement on Management Integration

Basic Agreement on Management Integration Basic Agreement on Management Integration I. Purpose of the Management Integration II. Post-Integration Business Development III. Integration Scheme I. Purpose of the Management Integration II. Post-integration

More information

Present and Future of Japanese Life Insurance Industry

Present and Future of Japanese Life Insurance Industry Present and Future of Japanese Life Insurance Industry Seven Key Words That Define Where They Are and Where They Will Be Contraction, Diversification, Simplicity, Service, IT, Senior Citizens, Asia KENICHI

More information

NEWS RELEASE. R&I Affirms Ratings: 4 Major Life Insurers & Subsidiary Insurers

NEWS RELEASE. R&I Affirms Ratings: 4 Major Life Insurers & Subsidiary Insurers R&I Affirms Ratings: 4 Major Life Insurers & Subsidiary Insurers Rating and Investment Information, Inc. (R&I) has announced the following: Oct 13, 2011 : AA, Affirmed Commercial Paper: a-1+, Affirmed

More information

Product Development Strategy of Life Insurance

Product Development Strategy of Life Insurance FALIA Seminar in Tashkent, Uzbekistan November 28 th 2011 Product Development Strategy of Life Insurance Munehiro URYU General Manager, Product Development & Management Unit The Dai-ichi Life Insurance

More information

Japan s Life Insurance Industry Gains Strength by Overcoming Financial Crisis

Japan s Life Insurance Industry Gains Strength by Overcoming Financial Crisis Japan s Life Insurance Industry Gains Strength by Overcoming Financial Crisis Takeshi Inoue Senior Analyst, Chief Representative, London Representative Office of Nomura Institute of Capital Markets Research

More information

Development of the Sumitomo Life Medium-Term Business Plan 2016

Development of the Sumitomo Life Medium-Term Business Plan 2016 Development of the Sumitomo Life Medium-Term Business Plan 2016 April 18, 2014 Sumitomo Life Insurance Company ~ Three-Year Plan for Brand Evolution and Establishment of a New Growth Path ~ Sumitomo Life

More information

THE DAI-ICHI MUTUAL LIFE INSURANCE COMPANY

THE DAI-ICHI MUTUAL LIFE INSURANCE COMPANY THE DAI-ICHI MUTUAL LIFE INSURANCE COMPANY Annual Report 2009 Thinking People First Individual lifestyles will continue to diversify in the future. To propose, in a way that is easy to understand, quality

More information

The Dai-ichi Life Insurance Company, Limited Annual Report. (Integrated version with Dai-ichi Life DSR Report)

The Dai-ichi Life Insurance Company, Limited Annual Report. (Integrated version with Dai-ichi Life DSR Report) The Dai-ichi Life Insurance Company, Limited Annual Report (Integrated version with Dai-ichi Life DSR Report) Contents 4 Message from the President 9 Overview of the Dai-ichi Life Group 10 History of the

More information

Acquisition of Nikko Cordial Securities Inc. and Other Businesses Sumitomo Mitsui Financial Group, Inc. Sumitomo Mitsui Banking Corporation

Acquisition of Nikko Cordial Securities Inc. and Other Businesses Sumitomo Mitsui Financial Group, Inc. Sumitomo Mitsui Banking Corporation May 1, 2009 Acquisition of Nikko Cordial Securities Inc. and Other Businesses Sumitomo Mitsui Financial Group, Inc. Sumitomo Mitsui Banking Corporation Objectives of Acquisition of Target Shares, etc.

More information

Agreement to partner with National Australia Bank and acquire MLC s life insurance business

Agreement to partner with National Australia Bank and acquire MLC s life insurance business October 28, 2015 Agreement to partner with National Australia Bank and acquire MLC s life insurance business Nippon Life Insurance Company ( Nippon Life ; President: Yoshinobu Tsutsui) hereby announces

More information

The Dai-ichi Life Insurance Company, Limited

The Dai-ichi Life Insurance Company, Limited The Dai-ichi Life Insurance Company, Limited Investor Presentation: Sales Channel Strategies March 27, 2014 Marketing Strategy Department, The Dai-ichi Life Insurance Company, Limited Achievement during

More information

ORIX GROUP Retail Business Strategy ~ Expansion of ORIX Life Insurance ~ Kazunori Kataoka President ORIX Life Insurance Corporation September 9, 2015

ORIX GROUP Retail Business Strategy ~ Expansion of ORIX Life Insurance ~ Kazunori Kataoka President ORIX Life Insurance Corporation September 9, 2015 ORIX GROUP Retail Business Strategy ~ Expansion of ORIX Life Insurance ~ Kazunori Kataoka President ORIX Life Insurance Corporation September 9, 2015 Table of Contents Current Status of ORIX Life 1.Current

More information

Deregulation and Liberalization in Japanese General Insurance Market

Deregulation and Liberalization in Japanese General Insurance Market Deregulation and Liberalization in Japanese General Insurance Market 29 th October 2004 Takeshi Oiwa SOMPO JAPAN INSURANCE INC. INDEX 1. Features of Japanese General Insurance Market. P.1-4 2. Development

More information

NEWS RELEASE. No.2005-PA-002 Mar 11, 2005 8 Non-Life Insurance Companies: R&I Reviewed Ratings

NEWS RELEASE. No.2005-PA-002 Mar 11, 2005 8 Non-Life Insurance Companies: R&I Reviewed Ratings No.2005-PA-002 Mar 11, 2005 8 Non-Life Insurance Companies: R&I Reviewed Ratings Rating and Investment Information, Inc. (R&I), has reviewed the following ratings. R&I RATINGS (For rating actions, please

More information

Birth. Value Dai-ichi provides Consistent, high-quality consulting services in all settings from contract to payment to the expiration of policies.

Birth. Value Dai-ichi provides Consistent, high-quality consulting services in all settings from contract to payment to the expiration of policies. System to Provide Consulting Services That Leverage Dai-ichi s Organizational Power Direct Birth Call centers Approx. 2.36 million calls a year Advancement to the next stage of education Employment Website

More information

J.D. Power Asia Pacific Reports: Insurance Agents Are Becoming the Main Purchase Channel for Obtaining Medical Benefit Insurance

J.D. Power Asia Pacific Reports: Insurance Agents Are Becoming the Main Purchase Channel for Obtaining Medical Benefit Insurance J.D. Power Asia Pacific Reports: Insurance Agents Are Becoming the Main Purchase Channel for Obtaining Medical Benefit Insurance The Prudential Life Insurance Ranks Highest in Satisfaction with the Purchasing

More information

NEWS RELEASE. R&I Affirms Ratings: 3 Major P&C Insurance Groups. Rating and Investment Information, Inc. (R&I) has announced the following:

NEWS RELEASE. R&I Affirms Ratings: 3 Major P&C Insurance Groups. Rating and Investment Information, Inc. (R&I) has announced the following: May 14, 2014 R&I Affirms Ratings: 3 Major P&C Insurance Groups Rating and Investment Information, Inc. (R&I) has announced the following: SEC. COMPANY NAME CODE ---- Tokio Marine & Nichido Fire Insurance

More information

Business Activities. Domestic Insurance and Related Services

Business Activities. Domestic Insurance and Related Services Domestic Insurance and Related Services Meiji Life is committed to achieving and maintaining the highest level of customer trust in the industry, and that is why the Company has been continuously and deligently

More information

MS&AD Insurance Group Holdings 2 nd Information Meeting of FY 2015 (Held on November 25, 2015) Q&A Session Summery

MS&AD Insurance Group Holdings 2 nd Information Meeting of FY 2015 (Held on November 25, 2015) Q&A Session Summery MS&AD Insurance Group Holdings 2 nd Information Meeting of FY 2015 (Held on November 25, 2015) Q&A Session Summery Below is a summery of Q&A session from the Information Meeting held on November 25, 2015

More information

Current state of Japanese life insurance sector (2)

Current state of Japanese life insurance sector (2) Financial and Capital Market Current state of Japanese life insurance sector (2) 11 April 14 (No. of pages: 11) Japanese report: 26 February 14 Risk-based approach to life insurance business in Japan Part

More information

More Advanced Protection

More Advanced Protection More Advanced Protection Mirai no Katachi Product Nippon Life seeks to respond to the diversifying needs of customers throughout their lives, while providing customers with additional peace of mind. To

More information

Domestic Insurance Business Strategy. Hideo TERAMOTO, Director, Senior Managing Executive Officer

Domestic Insurance Business Strategy. Hideo TERAMOTO, Director, Senior Managing Executive Officer Domestic Insurance Business Strategy Hideo TERAMOTO, Director, Senior Managing Executive Officer Growth Initiatives for Domestic Insurance Business Catering to the changing needs of our customers Product

More information

Launch of the Future Creation Project to Create a Secure Future Along With Our Customers

Launch of the Future Creation Project to Create a Secure Future Along With Our Customers Three-year Management Plan Launch of the Future Creation Project to Create a Secure Future Along With Our Customers To Become a Life Insurer That Excels in Terms of Scale, Quality and Credibility What

More information

Peace of mind. In communities and around the world.

Peace of mind. In communities and around the world. Message from the President Peace of mind. In communities and around the world. July 2015 President and Representative Director Koichiro Watanabe 10 I would like to take this opportunity to express my gratitude

More information

Agreement to Acquire 100% Ownership of Protective Life Corporation

Agreement to Acquire 100% Ownership of Protective Life Corporation [Unofficial Translation] June 4, 2014 Koichiro Watanabe President and Representative Director The Dai-ichi Life Insurance Company, Limited Code: 8750 (TSE First section) Agreement to Acquire 100% Ownership

More information

New Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed

New Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed New Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed U.S. Life Insurance Group, StanCorp Financial Group, Inc. ~ July 24, 2015 Meiji Yasuda Life Insurance Company

More information

Agreement to Acquire Symetra Financial Corporation, A Listed U.S. Life Insurance Group

Agreement to Acquire Symetra Financial Corporation, A Listed U.S. Life Insurance Group For Immediate Release Agreement to Acquire Symetra Financial Corporation, A Listed U.S. Life Insurance Group Tokyo, Japan, August 11, 2015 - Sumitomo Life Insurance Company ( the Company ; President: Masahiro

More information

Highlights of 1H FY2015 Results. November 18, 2015

Highlights of 1H FY2015 Results. November 18, 2015 Highlights of 1H FY2015 Results November 18, 2015 Table of Contents 1. Trend of business results 3. Domestic life insurance Summary of 1H FY2015 results 3 Overview of 1H FY2015 results Himawari Life 27

More information

Fiscal 2013 Financial Results

Fiscal 2013 Financial Results [Unofficial translation] Fiscal 2013 Financial Results (Summary) May 26, 2014 Meiji Yasuda Life Insurance Company 1. Premium Income Breakdown of premium income Premium and other Income 3,616.2 1.2% 3,659.3

More information

Reforms at Banks and Life insurance companies Fall Short

Reforms at Banks and Life insurance companies Fall Short From Recovery to Reform: The Future Direction for Regional Banks and Life Insurance Companies Summary As bank loan margins continue to shrink and sales by life insurance companies remain sluggish, a pressing

More information

Current state of Japanese life insurance sector (1)

Current state of Japanese life insurance sector (1) Financial and Capital Market Current state of Japanese life insurance sector (1) 1 April 214 (No. of pages: 11) Japanese report: 25 February 214 Risk-based approach to life insurance business in Japan

More information

Notice Regarding Stock Purchase of TIPNESS Limited as a Wholly-Owned Subsidiary

Notice Regarding Stock Purchase of TIPNESS Limited as a Wholly-Owned Subsidiary November 21, 2014 To whom it may concern Company Name: Nippon Television Holdings, Inc. Representative: Yoshio Okubo Representative Director, President Stock Listing: TSE First Section (Code: 9404) Inquiries:

More information

Progress of the Credit Card Business Strategy of Sumitomo Mitsui Financial Group

Progress of the Credit Card Business Strategy of Sumitomo Mitsui Financial Group Sumitomo Mitsui Financial Group, Inc. (Code: 8316) Sumitomo Mitsui Banking Corporation Central Finance Co., Ltd. (Code: 8588) OMC Card, Inc. (Code: 8258) Sumitomo Mitsui Card Co., Ltd. QUOQ Inc. Progress

More information

Expansion in Australia: Acquisition of MLC Life Insurance Business and Development of Partnership with National Australia Bank.

Expansion in Australia: Acquisition of MLC Life Insurance Business and Development of Partnership with National Australia Bank. Expansion in Australia: Acquisition of MLC Life Insurance Business and Development of Partnership with National Australia Bank October 28, 2015 Deal outline Nippon Life to acquire

More information

rider has been widely acclaimed for covering the initial Meiji Life s objective is to achieve the highest level of

rider has been widely acclaimed for covering the initial Meiji Life s objective is to achieve the highest level of BUSINESS ACTIVITIES Insurance Services Quality Product Line rider has been widely acclaimed for covering the initial Meiji Life s objective is to achieve the highest level of costs required for long-term

More information

Overview of 3Q FY2014 Results

Overview of 3Q FY2014 Results Overview of Tokio Marine Holdings, Inc. February 13, 2015 Abbreviations used in this material TMNF: Tokio Marine & Nichido Fire Insurance Co., Ltd. NF : Nisshin Fire & Marine Insurance Co., Ltd. TMNL :

More information

Nippon Life and Mitsui Life have signed a basic agreement on management integration

Nippon Life and Mitsui Life have signed a basic agreement on management integration FOR IMMEDIATE RELEASE September 11, 2015 Nippon Life Insurance Company Mitsui Life Insurance Company Limited Nippon Life and Mitsui Life have signed a basic agreement on management integration Nippon Life

More information

J.D. Power Asia Pacific Reports: Customer Retention Improves as Satisfaction with Claims Handling Increases

J.D. Power Asia Pacific Reports: Customer Retention Improves as Satisfaction with Claims Handling Increases J.D. Power Asia Pacific Reports: Customer Retention Improves as Satisfaction with Claims Handling Increases Sony Life Insurance Ranks Highest in Customer Satisfaction With both Life Support Insurance and

More information

Credit Card Business Strategy of Sumitomo Mitsui Financial Group

Credit Card Business Strategy of Sumitomo Mitsui Financial Group Sumitomo Mitsui Financial Group, Inc. (Code: 8316) Sumitomo Mitsui Banking Corporation Central Finance Co., Ltd. (Code: 8588) OMC Card, Inc. (Code: 8258) Sumitomo Mitsui Card Co., Ltd. Credit Card Strategy

More information

The Strategies of Major Foreign Insurance Companies in Japan

The Strategies of Major Foreign Insurance Companies in Japan The Strategies of Major Foreign Insurance Companies in Japan Haruhiko Urushibata During the past year, Japan's life insurance industry has seen a number of changes, many of which have been initiatives

More information

June 2015 Financial Services Agency

June 2015 Financial Services Agency Tax Reform in FY 2015 Key FSA-related Items in the Outline for the FY 2015 Tax Reform June 2015 Financial Services Agency 1. Supporting asset formation for households and supplying the growth capital 1

More information

Session 7a Life Insurance Product Trends in Japan. Tom Burke

Session 7a Life Insurance Product Trends in Japan. Tom Burke Session 7a Life Insurance Product Trends in Japan Tom Burke Life Insurance Product Trends in Japan Tom Burke Prudential Holdings Japan June 26, 2014 1 Japan Key Statistics Population: 126,757,591 GDP per

More information

Investment in an Indonesian Life Insurance Company, PT Panin Life

Investment in an Indonesian Life Insurance Company, PT Panin Life June 4 th 2013 Koichiro Watanabe President and Representative Director The Dai-ichi Life Insurance Company, Limited Code: 8750 (TSE First section) Investment in an Indonesian Life Insurance Company, PT

More information

Overview of LIFENET INSURANCE COMPANY

Overview of LIFENET INSURANCE COMPANY Overview of LIFENET INSURANCE COMPANY August 2014 LIFENET INSURANCE COMPANY Copyright LIFENET INSURANCE COMPANY All rights reserved. 0 Table of Contents I. Company Overview II. Overview of Japanese Life

More information

Note: Amounts of less than one million yen are truncated, and percentages have been rounded to the nearest percent.

Note: Amounts of less than one million yen are truncated, and percentages have been rounded to the nearest percent. Consolidated Financial Summary (For the fiscal year 2002 ended March 31, 2003) May 22, 2003 Name of Company: Taiyo Life Insurance Company Stock Listing: Tokyo Security Code No.: 8796 Head Office: Tokyo,

More information

Non-Life Insurance in Japan --- Automobile Insurance & Fire Insurance

Non-Life Insurance in Japan --- Automobile Insurance & Fire Insurance Non-Life Insurance in Japan --- Automobile Insurance & Fire Insurance CAS Annual Meeting November 18, 2009 Kazuhiro Tanaka, F.I.A.J., Nipponkoa Insurance Co., Ltd. Jun Ikeda, F.I.A.J., Fuji Fire and Marine

More information

Past steps and current topics of life insurance industry in Japan

Past steps and current topics of life insurance industry in Japan 1 Past steps and current topics of life insurance industry in Japan Atsushi Ikemoto(aikem@dl.dai-ichi-life.co.jp) Shoji Saita(saita@dl.dai-ichi-life.co.jp) The Dai-ichi-life mutual life insurance company,

More information

Population distribution and business trend of life insurance in Japan

Population distribution and business trend of life insurance in Japan Population distribution and business trend of life insurance in Japan The Dai-ichi-life mutual insurance company Takahiro Ikoma Jun Miyamoto 1.Introduction In Japan, people are becoming aging, getting

More information

Protective Agreement to be Acquired by Dai-ichi Life. Creating Significant Opportunities for Growth for Both Companies

Protective Agreement to be Acquired by Dai-ichi Life. Creating Significant Opportunities for Growth for Both Companies Protective Agreement to be Acquired by Dai-ichi Life Creating Significant Opportunities for Growth for Both Companies June 3, 2014 Forward-looking Statements Statements in these materials that relate to

More information

Materials for FY2015 3Q Results Briefing - Conference Call. Feb. 15, 2016 (Mon)

Materials for FY2015 3Q Results Briefing - Conference Call. Feb. 15, 2016 (Mon) Materials for FY2015 3Q Results Briefing - Conference Call Feb. 15, 2016 (Mon) Contents Summary of FY 2015 3Q Results Consolidated Earnings for FY 2015 3Q Page 1-4 Domestic Non-life Insurance Companies

More information

Life Insurance Fact Book (2014)

Life Insurance Fact Book (2014) Life Insurance Fact Book (214) The Life Insurance Association of Japan Introduction The Life Insurance Fact Book summarizes key performance indicators of life insurance companies operating in Japan. We

More information

Growth Strategy for the New Stage

Growth Strategy for the New Stage September 7, 2005 Merrill Lynch Japan Conference Growth Strategy for the New Stage -Value Creation through Retail Financial Services Business- Teisuke Kitayama President Sumitomo Mitsui Financial Group,

More information

MEDIA RELEASE NIPPON LIFE INCREASES STAKE IN RELIANCE LIFE INSURANCE FROM EXISTING 26 PER CENT TO 49 PER CENT

MEDIA RELEASE NIPPON LIFE INCREASES STAKE IN RELIANCE LIFE INSURANCE FROM EXISTING 26 PER CENT TO 49 PER CENT MEDIA RELEASE NIPPON LIFE INCREASES STAKE IN RELIANCE LIFE INSURANCE FROM EXISTING 26 PER CENT TO 49 PER CENT NIPPON LIFE TO INVEST RS 2,265 CRORE (US$ 348 MILLION) FOR ADDITIONAL 23 PER CENT STAKE TO

More information

Japanese Insurance Industry - Global Strategic Business Report

Japanese Insurance Industry - Global Strategic Business Report Brochure More information from http://www.researchandmarkets.com/reports/604655/ Japanese Insurance Industry - Global Strategic Business Report Description: The Japanese Insurance Industry Report provides

More information

Financial Results of the Daiwa Bank (Non-Consolidated)

Financial Results of the Daiwa Bank (Non-Consolidated) Our Stockholders To Our Stockholders The Daiwa Bank, Limited Annual Report 2000 The Japanese financial services industry is reaching the final stages of its Big Bang as the implementation of limitations

More information

Materials for FY2015 2Q Results Briefing - Conference Call. Nov. 18, 2015 (Wed)

Materials for FY2015 2Q Results Briefing - Conference Call. Nov. 18, 2015 (Wed) Materials for FY2015 2Q Results Briefing - Conference Call Nov. 18, 2015 (Wed) Contents Summary of FY 2015 2Q Results Consolidated Earnings for FY 2014 2Q Page 1-4 Domestic Non-life Insurance Companies

More information

NEWS RELEASE. R&I Affirms Ratings, Changes Outlook to Positive: MS&AD Group, Sompo Japan Nipponkoa Group

NEWS RELEASE. R&I Affirms Ratings, Changes Outlook to Positive: MS&AD Group, Sompo Japan Nipponkoa Group Jun 11, 2015 R&I Affirms Ratings, Changes Outlook to Positive: MS&AD Group, Sompo Japan Nipponkoa Group Rating and Investment Information, Inc. (R&I) has announced the following: SEC. COMPANY NAME CODE

More information

SMFG s Strengths and Challenges

SMFG s Strengths and Challenges SMFG s Strengths and Challenges Below, we provide a brief explanation of the strengths of SMFG, and of SMBC in particular, as well as the challenges we currently face in our drive to raise our corporate

More information

To be The Most Convenient and Trustworthy Bank in Japan

To be The Most Convenient and Trustworthy Bank in Japan 24,185 OUTLETS The number of JApAN post BANk outlets in Japan special Feature To be The Most Convenient and Trustworthy Bank in Japan JApAN post BANk has continued to make consistent efforts to fulfill

More information

Operating Data (First Half of Fiscal Year 2012) Operating Data (Trends by Quarter) Results by Segment 1.3

Operating Data (First Half of Fiscal Year 2012) Operating Data (Trends by Quarter) Results by Segment 1.3 Operating Data (First Half of Fiscal Year 212) Intensified cardholder sign-up efforts and joint planning with affiliated merchants drove steady growth in transaction ti volume (increase of 12% YoY). Y)

More information

Increase overall group profits and diversify the group business portfolio (risk

Increase overall group profits and diversify the group business portfolio (risk Acquisition i i of StanCorp Financial Group July 24, 2015 Todayʼs Highlights Transaction Overview Acquisition of StanCorp Financial Group ( StanCorp ) in an all cash transaction $115 per share, approximately

More information

Presentation by Yoko Ogimoto Nomura Research Institute

Presentation by Yoko Ogimoto Nomura Research Institute Workshop on Development of Retail Banking in Vietnam Organized by State Bank of Vietnam Wealth Management Markets: Experiences of Japan and Implications to Vietnam December, 2007 Vietnam Presentation by

More information

THE GROWTH OF PRIVATE MEDICAL INSURANCE MARKET IN JAPAN

THE GROWTH OF PRIVATE MEDICAL INSURANCE MARKET IN JAPAN THE GROWTH OF PRIVATE MEDICAL INSURANCE MARKET IN JAPAN Takahito Otomo Mitsui Sumitomo Insurance Company Limited, Tokyo, Japan Abstract. In Japan, aging of population is progressing rapidly, due to rising

More information

PROFILE. Contents. Head Office, Tokyo. Computer and Service Center, Tokyo. Yasuda School Business Masters Academia, Tokyo

PROFILE. Contents. Head Office, Tokyo. Computer and Service Center, Tokyo. Yasuda School Business Masters Academia, Tokyo PROFILE Founded in 1880, The Yasuda Mutual Life Insurance Company, Ltd. (Yasuda Life) today has a network of 81 branches throughout Japan. In addition to direct marketing teams, approximately 15,000 highly

More information

(Unofficial Translation) Consolidated Summary Report under Japanese GAAP for the Nine Months Ended December 31, 2011 February 13, 2012

(Unofficial Translation) Consolidated Summary Report under Japanese GAAP for the Nine Months Ended December 31, 2011 February 13, 2012 (Unofficial Translation) Consolidated Summary Report under Japanese GAAP for the Nine Months Ended December 31, 2011 February 13, 2012 Company Name: The Dai-ichi Life Insurance Company, Limited Stock exchange

More information

Financial Highlights for the Fiscal Year Ended March 31, 2016 May 13, 2016

Financial Highlights for the Fiscal Year Ended March 31, 2016 May 13, 2016 Financial Highlights for the Fiscal Year Ended March 31, 2016 May 13, 2016 Japan Post Holdings: Financial Highlights Results of Operations for the Fiscal Year Ended March 31, 2016 Japan Post Holdings (Consolidated)

More information

Basic Agreement Regarding the Management Integration of Mitsubishi Tokyo Financial Group and UFJ Group

Basic Agreement Regarding the Management Integration of Mitsubishi Tokyo Financial Group and UFJ Group August 12, 2004 Mitsubishi Tokyo Financial Group, Inc. UFJ Holdings, Inc. The Bank of TokyoMitsubishi, Ltd. UFJ Bank Limited The Mitsubishi Trust and Banking Corporation UFJ Trust Bank Limited Mitsubishi

More information

Financial Overview of Life Insurance Companies in Fiscal 2003

Financial Overview of Life Insurance Companies in Fiscal 2003 Financial Overview of Life Insurance Companies in Fiscal 2003 by Kunio Ogihara Insurance Research Group ogihara@nli-research.co.jp 1. Introduction In fiscal 2003, life insurers managed to avert a solvency

More information

Survey on Life Protection ((Quick Report Version))

Survey on Life Protection ((Quick Report Version)) FY Survey on Life Protection ((Quick Report Version)) December Japan Institute of Life Insurance Table of Contents Chapter I Life Planning and Life Security Awareness 1. Awareness of Life Planning 1 (1)

More information

I am Nampei Yanagawa of MS&AD Holdings. Thank you for finding the time in your busy schedules to participate in our conference call today.

I am Nampei Yanagawa of MS&AD Holdings. Thank you for finding the time in your busy schedules to participate in our conference call today. I am Nampei Yanagawa of MS&AD Holdings. Thank you for finding the time in your busy schedules to participate in our conference call today. Please look at the first page, Slide 1, of the slides entitled

More information

Japanese life insurance market: some historical and current perspectives. Michael Freeman Willis Towers Watson

Japanese life insurance market: some historical and current perspectives. Michael Freeman Willis Towers Watson Japanese life insurance market: some historical and current perspectives Michael Freeman Willis Towers Watson Japan Life Insurance market Introduction and profile Demographics and the impact of the aging

More information

Business Hours and Points of Contact for Inquiries

Business Hours and Points of Contact for Inquiries Business Hours and Points of Contact for Inquiries 1 Business Hours 1. Japan Post Network (Post Offices) Post Office Business Hours Days of the week Mail services Deposit services Insurance services Monday

More information

Materials for FY2015 1Q Results Briefing - Conference Call. Aug. 7, 2015 (Fri)

Materials for FY2015 1Q Results Briefing - Conference Call. Aug. 7, 2015 (Fri) Materials for FY2015 1Q Results Briefing - Conference Call Aug. 7, 2015 (Fri) Contents Summary of FY 2015 1Q Results Consolidated Earnings for FY 2015 1Q Page 1-4 Domestic Non-life Insurance Companies

More information

Recent trends of dynamically growing and developing life insurance markets in Asia

Recent trends of dynamically growing and developing life insurance markets in Asia Recent trends of dynamically growing and developing life insurance markets in Asia Tomikazu HIRAGA, Ph.D. and LL.M. General Manager for Asia, NLI Research Institute Asia is a growth market where foreign

More information

Materials for FY2015 1Q Results Briefing - Conference Call

Materials for FY2015 1Q Results Briefing - Conference Call Materials for FY2015 1Q Results Briefing - Conference Call Aug. 7, 2015 (Fri) I am Satoru Shiono of MS&AD Holdings. Thank you for finding the time in your busy schedules to participate in our conference

More information

Special Feature II. New Medium-term Management Plan - Best Brand Daiwa 2005

Special Feature II. New Medium-term Management Plan - Best Brand Daiwa 2005 New Medium-term Management Plan - Best Brand Daiwa 2005 We will step up our pursuit of quality-driven growth and strive to differentiate ourselves from our competitors by implementing a strategy focused

More information

Private Sector Life Insurance Companies and the Mutual Insurance Business of the Agricultural Cooperatives (JA-kyosai)

Private Sector Life Insurance Companies and the Mutual Insurance Business of the Agricultural Cooperatives (JA-kyosai) Private Sector Life Insurance Companies and the Mutual Insurance Business of the Agricultural Cooperatives (JA-kyosai) 1. Introduction This report is the 2003 edition of the analysis of the life insurance

More information

Bank of Japan Review. Japanese Life Insurance Companies' Balance-Sheet Structure and Japanese Government Bond Investment. February 2013.

Bank of Japan Review. Japanese Life Insurance Companies' Balance-Sheet Structure and Japanese Government Bond Investment. February 2013. Bank of Japan Review 213-E-2 Japanese Life Insurance Companies' Balance-Sheet Structure and Japanese Government Bond Investment Financial System and Bank Examination Department Kazutoshi Kan, Yoshiyuki

More information

YOUR PRODUCT GUIDE. Making it easier to protect what matters most in life. Nationwide YourLife Guaranteed Level Term

YOUR PRODUCT GUIDE. Making it easier to protect what matters most in life. Nationwide YourLife Guaranteed Level Term YOUR PRODUCT GUIDE Making it easier to protect what matters most in life. Nationwide YourLife Guaranteed Level Term Life s complicated. Protecting it shouldn t be. There are so many things competing for

More information

Re: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance

Re: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance September 8, 2015 MS&AD Insurance Group Holdings, Inc. Re: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance Mitsui Sumitomo Insurance

More information

Business Activities. Life Insurance DOMESTIC INSURANCE AND RELATED SERVICES. Product Development. Enhancing Customer Service Capability

Business Activities. Life Insurance DOMESTIC INSURANCE AND RELATED SERVICES. Product Development. Enhancing Customer Service Capability Business Activities Life Insurance DOMESTIC INSURANCE AND RELATED SERVICES Meiji Yasuda Life is aiming at the life insurance company most trusted by customers. Through the enhancement of products and services,

More information

Retail Financial Services of Sumitomo Mitsui Trust Group

Retail Financial Services of Sumitomo Mitsui Trust Group Sumitomo Mitsui Trust Holdings, Inc. Sumitomo Mitsui Trust Bank, Limited Retail Financial Services of Sumitomo Mitsui Trust Group August, 2012 This presentation material contains information that constitutes

More information

Merger between Meiji Life Insurance Co., Ltd. and The Yasuda Mutual Life Insurance Co., Ltd.

Merger between Meiji Life Insurance Co., Ltd. and The Yasuda Mutual Life Insurance Co., Ltd. Merger between Meiji Life Insurance Co., Ltd. and The Yasuda Mutual Life Insurance Co., Ltd. April 17, 2003 Fair Trade Commission The Fair Trade Commission (hereinafter referred to as FTC ) received a

More information

5. The Life Insurance Association of Japan (LIAJ)

5. The Life Insurance Association of Japan (LIAJ) 5. () () started as an incorporated association with formal sanction by the authorities concerned on 7 December 1908. Since then, the Association has continued to make efforts for the sound development

More information

Q&A (Summary) on the Corporate Strategy Meeting of the Sony Financial Group for Fiscal 2014

Q&A (Summary) on the Corporate Strategy Meeting of the Sony Financial Group for Fiscal 2014 Q&A (Summary) on the Corporate Strategy Meeting of the Sony Financial Group for Fiscal 2014 Date: June 2, 2014, 15:30 17:00 Respondents: Katsumi Ihara President, Representative Director of Sony Financial

More information

INDEX. Products and Services 9. 1 New Products and Services 10 2 Investment Trust Sales at Japan Post Bank and Post Offices 11

INDEX. Products and Services 9. 1 New Products and Services 10 2 Investment Trust Sales at Japan Post Bank and Post Offices 11 INDEX 9 1 New 10 2 Investment Trust Sales at Japan Post Bank and Post Offices 11 Investment Trusts Offered by the Bank 11 Investment Trust Sales 12 3 Other 13 1) Deposits 13 2) Domestic Remittances 13

More information

You Don t Have To Go To Strangers For All Your Insurance & Financial Services

You Don t Have To Go To Strangers For All Your Insurance & Financial Services Financial & Insurance Services... The Credit Union Way MARCH 2010 1-888-439-0770 Email: cufig@goabco.org You Don t Have To Go To Strangers For All Your Insurance & Financial Services YOU CAN NOW GO TO

More information

AIMING AT THE BEST PRACTICE OF BANK MANAGEMENT -LAUNCH OF A NEW MEDIUM-TERM MANAGEMENT PLAN, REFORM OF THE MANAGEMENT SYSTEM, CHIBA BANK NEWS

AIMING AT THE BEST PRACTICE OF BANK MANAGEMENT -LAUNCH OF A NEW MEDIUM-TERM MANAGEMENT PLAN, REFORM OF THE MANAGEMENT SYSTEM, CHIBA BANK NEWS AIMING AT THE BEST PRACTICE OF BANK MANAGEMENT -LAUNCH OF A NEW MEDIUM-TERM MANAGEMENT PLAN, REFORM OF THE MANAGEMENT SYSTEM, REVISION OF THE HEADQUARTERS ORGANIZATION, AND REVISION OF THE PERSONNEL SYSTEM-

More information

Product Strategy That Supports Total Life Planning

Product Strategy That Supports Total Life Planning FALIA Invitational Seminar in Japan Product Development Strategy Course Product Strategy That Supports Total Life Planning September 5 th, 2013 Koichiro Niwa Manager Product Development and Management

More information

Current Situation and Management Strategies - Enhancement of Corporate Value and Contributions to Group Earnings Centered on ERM -

Current Situation and Management Strategies - Enhancement of Corporate Value and Contributions to Group Earnings Centered on ERM - Current Situation and Management Strategies - Enhancement of Corporate Value and Contributions to Group Earnings Centered on ERM - Presentation Details 1 Company Overview 2 Business Environment 3 Management

More information

BS2551 Money Banking and Finance. Institutional Investors

BS2551 Money Banking and Finance. Institutional Investors BS2551 Money Banking and Finance Institutional Investors Institutional investors pension funds, mutual funds and life insurance companies are the main players in securities markets in both the USA and

More information