Nippon Life Insurance Company · Osaka Japan
Company Description
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This link will open in a new window Nippon Life Insurance, also known as Nissay, is one of Japan's biggest life insurers (along with Dai-Ichi Mutual Life , Sumitomo Life , and Meiji Yasuda Life ). A door-to-door sales corps peddles its plain-vanilla products, including individual and group life and annuity products; the company has some 10 million policyholders in Japan. Nippon Life also sells through agencies and partnerships with financial institutions such as banks. In addition to its life insurance products, the company administers defined contribution pension plans and, through its Nissay Dowa General Insurance affiliate, sells auto and other property/casualty insurance.
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Key Nippon Life Insurance Company Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | March |
| 2008 Sales (mil.) | $66,545.1 |
| 2008 Employees | 63,802 |
Nippon Life Insurance Company Executives
39 executives listed for Nippon Life Insurance Company's Osaka, location.
| Title | Name & Bio | Contact |
| Chairman | Ikuo Uno | Network |
| Vice Chairman | Mitsuhiro Ishibashi | Network |
| President | Kunie Okamoto | Network |
Competition
Competitive Landscape for Nippon Life Insurance Company
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Nippon Life Insurance Company Competitors
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