Sumitomo Life Insurance Company · Osaka Japan
Company Description
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This link will open in a new window One of Japan's biggest mutual life insurers (along with Nippon Life and Dai-ichi Mutual Life ). The firm sells individual, group life, and specialized health policies through about 80 branch offices and nearly 2,000 district offices. Along with its sales force, Sumitomo Life sells its products through a network of hundreds of financial institutions. It also administers pension plans and, through subsidiary Sumisei General, offers auto insurance. Sumitomo Life has a pension management joint venture with Mitsui Life . Sumitomo Life, which has operations in China, the UK, the US, is part of the Sumitomo Mitsui keiretsu -- a group of firms linked by cross-ownership. To read the full description, subscribe now.
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Key Sumitomo Life Insurance Company Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | March |
| 2008 Sales (mil.) | $33,636.4 |
| 2008 Employees | 43,434 |
Sumitomo Life Insurance Company Executives
32 executives listed for Sumitomo Life Insurance Company's Osaka, location.
| Title | Name & Bio | Contact |
| Chairman | Yasuo Yoshino | Network |
| President, CEO, and Board Member | Shinichi Yokoyama | Network |
| Deputy President and Board Member | Hiroshi Kadota | Network |
Competition
Competitive Landscape for Sumitomo 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 Sumitomo Life Insurance Company Competitors
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