Sumitomo Life

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Sumitomo Life Insurance Company
住友生命保険相互会社
Type Mutual
Industry Insurance
Founded 1907
Headquarters 4-35, Shiromi Itchome, Chuo-ku, Osaka, Osaka prefecture, Japan
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.

Headquarters of Sumitomo Life Insurance Company in Chuo-ku, 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.[1]

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References[edit]

  1. ^ "Cơ hội nào cho nhà đầu tư chiến lược mới tại Bảo Việt?". GaFin.vn. 20 December 2012. Retrieved 20 December 2012. 

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