Sumitomo Life Explained

Sumitomo Life Insurance Company
住友生命保険相互会社
Type:Private. Mutual
Foundation:1907
Location:4-35, Shiromi Itchome, Chuo-ku, Osaka, Osaka prefecture, Japan
Key People:
Yukinori Takada (President)[1]
Num Employees:42,098
Industry:Insurance
Homepage:sumitomolife.co.jp
Romanized Name:Sumitomo Seimei Hoken Sōgo-gaisha

is a mutual life insurance company in Japan, founded in 1907 and headquartered in Osaka.

In 2005, the company announced a joint venture with the People's Insurance Company of China. The new company was named PICC Life Insurance, which sells insurance products, including savings-oriented endowment insurance policies.

In 2012, Sumitomo Life decided to become a strategic partner of Bao Viet Insurance from Vietnam by acquiring 18% of the company's shares previously held by HSBC.[2]

See also

External links

Notes and References

  1. Web site: Board Members (As of July 4, 2023) . 2024-01-09.
  2. News: Cơ hội nào cho nhà đầu tư chiến lược mới tại Bảo Việt?. 20 December 2012. GaFin.vn. 20 December 2012. dead. https://web.archive.org/web/20121221013853/http://gafin.vn/20121219112947641p0c36/co-hoi-nao-cho-nha-dau-tu-chien-luoc-moi-tai-bao-viet.htm. 21 December 2012.