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]