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Nippon Life Insurance Company · Osaka Japan

Company Description

3-5-12, Imabashi, Chuo-ku
Osaka
541-8501
Japan (Map)
Phone: +81-6-6209-5525
Fax: +81-3-5533-5282
    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 TypePrivate - Mutual Company

    Headquarters
    Fiscal Year-EndMarch
    2008 Sales (mil.)$66,545.1
    2008 Employees63,802

    Nippon Life Insurance Company Executives

    39 executives listed for Nippon Life Insurance Company's Osaka,  location.
    TitleName & BioContact
    ChairmanIkuo UnoNetwork
    Vice ChairmanMitsuhiro IshibashiNetwork
    PresidentKunie OkamotoNetwork

    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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