Sumitomo Life
 |
|
|
Romanized name
|
Sumitomo Seimei Hoken Sōgo-gaisha |
|---|---|
| Mutual | |
| Industry | Insurance |
| Founded | 1907 |
| Headquarters | 4-35, Shiromi Itchome, Chuo-ku, Osaka, Osaka prefecture, Japan |
|
Number of employees
|
42,098 |
| Website | sumitomolife.co.jp |
Sumitomo Life Insurance Company (住友生命保険相互会社? Sumitomo Seimei Hoken Sōgo-gaisha, Sumisei) is a mutual life insurance company in Japan, founded in 1907 and headquartered in Osaka.
In 2005, the company announced a joint venture with the People's Insurance Company of China PICC Holdings Company (中国人保控股公司). The new company will be called PICC Life Insurance Co. (中国人保寿险有限公司). It will sell insurance products, including savings-oriented endowment insurance policies.
In 2012 Sumitomo Life decided to become a strategic partner of Bao Viet Insurance from Vietnam by acquiring 18% of the company's shares previously held by HSBC.
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Wikipedia