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Premium Company Profile - Sumitomo Life Insurance Company (Datamonitor)
- Market: Finance and Banking
- Published Date: 22 Apr 2008
- Report Title: Premium Company Profile - Sumitomo Life Insurance Company
- Table of Contents: View Table of Contents
- Report Type: Company Profile
- Country: Global
- Number of Pages: 24
Introduction
Sumitomo Life Insurance Company (Sumitomo Life or ‘the company’) is a leading Japanese life insurer with premium income of JPY2,971 billion (approximately $25,433 million) in 2007. This profile offers a comprehensive review of Sumitomo Life’s operations and performance.
Scope
Contains corporate strategy, value chain presence and SWOT Analysis Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors Includes information on suppliers/ partners, shareholding structure and key employees with biographies
Highlights
Sumitomo Life, one of Japan's largest mutual life insurance companies, is a part of the Sumitomo Mitsui keiretsu, a group of firms linked by cross-ownership. The company offers individual, group life, and specialized health insurance policies. It operates in Japan, with international presence in other Asian countries as well the US and the UK.
Sumitomo Life ranks third among the largest life, health mutual insurers in the Forbes global 500 companies in 2007, just behind Nippon Life Insurance and Dai-ichi Mutual Life Insurance. The company recorded revenues of JPY3,780,294 million (approximately $32,359.3 million) in the fiscal year ended March 2007.
The company's policy cancellations and lapses in annualized premium recorded a significant fall over the last few years. The annualized premium decreased from JPY188.6 billion (approximately $1.6 billion) to JPY115.3 billion (approximately $1billion) during 2003–2007.
Reasons to Purchase
Access all the important information and analysis on the company in a single report Understand company’s strengths, weaknesses, opportunities and threats along with business strategy and value chain Understand company’s strengths, weaknesses, opportunities and threats along with business strategy and value chain
Scope
Highlights
Reasons to Purchase
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