is a mutual
life insurance company in
Japan, founded in 1907 and headquartered in
Osaka
is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of ...
.
In 2005, the company announced a joint venture with the
People's Insurance Company of China
The People's Insurance Company (Group) of China Limited, known as PICC Group or just PICC, is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder.
The group contains the major subsidiaries: PICC Asset Managem ...
. 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
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...
by acquiring 18% of the company's shares previously held by
HSBC.
See also
*
List of investors in Bernard L. Madoff Securities
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricat ...
References
External links
Sumitomo Life Insurance Company(in Japanese)
Sumitomo Life Insurance Company Annual Report(in English)
Insurance companies of Japan
Mutual insurance companies
Mitsui
Companies based in Osaka Prefecture
Japanese brands
Sumitomo Group
Financial services companies established in 1907
Japanese companies established in 1907
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