companiesandmarkets.com

Return to Report | Print

Premium Company Profile - Sumitomo Life Insurance Company

http://www.companiesandmarkets.com/Summary-Company-Profile/premium-company-profile-sumitomo-life-insurance-company-33698.asp

Report Summary

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

    • Table of Contents

    Overview 1
    Catalyst 1
    Summary 1
    Table of Contents 2
    tables 2
    Company Structure 3
    Company Overview and Key Facts 3
    Business Description 3
    History 4
    Company Locations and Subsidiaries 5
    Head Office 5
    Other Locations and Subsidiaries 5
    Products and Services List 7
    Major Products and Services 7
    Competitors and Strategic Business Relationships 8
    Top Competitors 8
    Strategy 9
    Company Statement 9
    Strategy 10
    Investment 10
    Enhanced Service 10
    Expansion into the Chinese market 11
    New Sales Channels 11
    Regulatory changes 11
    Corporate Social Responsibility 11
    Overview 11
    Sumitomo Foundation 12
    Sumitomo Life Social Services Foundation 12
    Sumitomo Life Health Foundation 12
    Initiatives for community development 12
    Charity concerts 12
    SWOT Analysis 14
    Overview 14
    Strengths 14
    Strong domestic life insurer 14
    Alternate platforms for sale 14
    Reduction in policy cancellations 15
    Weaknesses 15
    Lowered Ratings 15
    Operational disturbances 16
    Opportunities 16
    Expansion into the Chinese market 16
    Privatization of Japan Post and deregulation of OTC sales 16
    Buoyant asset management industry 17
    Threats 17
    Shrinking Japanese insurance market 17
    Japan's slowing population growth 17
    Natural disasters 18
    Key Employees 19
    List of Key Employees 19
    Financial and Operational Overview 21
    Financial Overview 21
    APPENDIX 23
    Ask the analyst 23
    Datamonitor consulting 23
    Disclaimer 23
    List of Tables
    Table 1: Sumitomo Life Insurance Company - Key Facts 3
    Table 2: Sumitomo Life Insurance Company - Other Locations and Subsidiaries 5
    Table 3: Sumitomo Life Insurance Company - Products and Services 7
    Table 4: Sumitomo Life Insurance Company - Top Competitors 8
    Table 5: Sumitomo Life Insurance Company - SWOT Analysis Summary 14
    Table 6: Sumitomo Life Insurance Company - Key Employees 19
    Table 7: Sumitomo Life Insurance Company - Financial Statements Summary 21
    Table 8: Sumitomo Life Insurance Company - Other Key Statistics and Ratios 21