Global Network

Insurance Business

U.S.

Nippon Life Insurance Company of America Open new window

Established in 1991 as our first overseas primary insurance company.

Nippon Life Insurance Company of America provides products and services, mainly group medical insurance in New York, Los Angeles, Chicago and other cities. Under the motto, "Nissay even in America," it is working to provide detailed and quality services, and, in particular, the firm has built a strongly favorable reputation among Japanese and South Korean companies that are operating in the U.S. by offering customer service in Japanese and Korean.

Company Information
Country The United States
Established 1991
Main distribution channel Brokers
Premium revenue(FY2021)* ¥36.3 billion
Number of employees 88
Investment ratio 96.96%
Products Group Medical Insurance
  • *
    January 2021 to December 2021
  • *
    As of March, 2022

Australia

MLC Limited Open new window

In 2016, Nippon Life acquired the life insurance business of National Australia Bank and made it a subsidiary.

MLC is working to realize its vision to be "Australia's leading and most trusted life insurer." It provides products and ser vices to individuals through financial ad visors, etc. and aims to improve customer experience. In addition, MLC and Nippon Life actively share initiatives and know how with each other in a wide range of areas.

Company Information
Country Australia
Established 1886
Main distribution channel Financial advisors and others
Premium revenue(FY2021)* ¥147.4 billion
Number of employees 1,550
Investment ratio 80.00%
Products Term Life Insurance, Income Protection Insurance, Critical Illness Insurance and other products
  • *
    January 2021 to December 2021
  • *
    As of March, 2022

India

Reliance Nippon Life Insurance Company Limited Open new window

Reliance Nippon Life Insurance has an extensive network of sales offices throughout India and mainly offers products and services to individuals and groups through agents and other channels.

Nippon Life invested and made it an affiliated company in 2011, and since then, it has been working to create synergies in various sectors by proactively sharing examples of its good practices and other information. Distribution channels to service customers based on the activity model adopted by Nippon Life's sales representatives working in Japan are drawing attention in India.

Company Information
Country India
Established 2001
Main distribution channel Agents and sales representatives
Premium revenue(FY2021)* ¥82.1 billion
Number of employees 11,556
Investment ratio 49.00%
Products Endowment Insurance and other savings products
  • *
    April 2021 to March 2022
  • *
    As of March, 2022

Myanmar

Grand Guardian Nippon Life Insurance Company Limited Open new window

Grand Guardian Nippon Life offers endowment and other insurance products through its agents and corporate agencies.

Since its establishment in 2019 as a joint venture with one of the leading conglomerates in Myanmar, Nippon Life has been sharing best business practices, including product development through the advanced digital technologies, while seconding senior management personnel. It is committed to widely popularize life insurance in Myanmar society, and to contribute to the development and growth of the country's life insurance market and industry.

Company Information
Country Myanmar
Established 2019
Main distribution channel Agents and corporate agencies
Premium revenue(FY2021)* ¥0.3 billion
Number of employees 223
Investment ratio 35.00%
Products Endowment Insurance and other savings products, Agricultural and Travel Insurance, and other products
  • *
    October 2020 to September 2021
  • *
    As of March, 2022

China

Great Wall Changsheng Life Insurance Co., Ltd. Open new window

Great Wall Changsheng Life Insurance provides long-term and protection products mainly through agents in Shanghai, Zhejiang, Jiangsu and other parts of China.

Since 2003, when it was established as the first joint venture between a Japanese life insurance company and a local firm in China, Nippon Life has shared know-how and worked to advance its business management and risk management with a major Chinese financial asset company* as a partner. It is also promoting collaborative efforts in sectors such as unique product development and services for Japanese companies.

  • *
    We changed partners in 2009.
Company Information
Country China
Established 2003
Main distribution channel Agents
Premium revenue(FY2021)* ¥43.3 billion
Number of employees 621
Investment ratio 30.00%
Products Critical Illness Insurance, Whole Life Insurance, Cancer Insurance When Visiting Japan and other products
  • *
    January 2021 to December 2021
  • *
    As of March, 2022

Thailand

Bangkok Life Assurance Public Company Limited Open new window

Bangkok Life Assurance is a listed company with operations throughout Thailand including Bangkok, providing products and services that meet diverse customer needs through major commercial banks and agents.

Nippon Life invested in the company in 1997 and made it an affiliate in 2004. Its directors have been sent from Nippon Life to strengthen its governance, and we promote collaborative initiatives in areas such as actuarial operations and services for Japanese companies.

Company Information
Country Thailand
Established 1951
Main distribution channel Bancassurance and agents
Premium revenue(FY2021)* ¥123.4 billion
Number of employees 1,199
Investment ratio 24.21%
Products Endowment Insurance, Whole Life Insurance and other products
  • *
    January 2021 to December 2021
  • *
    As of March, 2022

Indonesia

PT Asuransi Jiwa Sequis Life Open new window

Sequis Life provides products and services throughout Indonesia including Jakarta mainly through agents. It is also working to train agents and diversify its distribution channels to further meet asset formation and coverage protection needs.

Nippon Life invested and made it into an affiliate in 2014, and together with one of Indonesia's leading conglomerates, it promotes the sophistication of asset management utilizing know-how and its network. In addition, it is working to support collaborative promotion with local Japanese companies.

Company Information
Country Indonesia
Established 1984
Main distribution channel Agents
Premium revenue(FY2021)*1 ¥21.9 billion
Number of employees 806
Investment ratio 20.00%*2
Products Whole Life Insurance, Endowment Insurance, Unit-Linked Products
  • *1
    January 2021 to December 2021
  • *2
    Includes indirect investments
  • *
    As of March, 2022

Asset Management Business

India

Nippon Life India Asset Management Limited Open new window

Nippon Life India Asset Management is a first-rate asset management firm with an expansive investment product lineup ranging from stocks to bonds in India's fund management industry, which continues to experience high growth.

Company Information
Country India
Established
(Share acquisition period)
1995
(August 2012)
Number of employees 944
Assets under management* ¥4.5 trillion (2.7 trillion rupees)
Investment ratio 73.80%
  • *
    As of March 31, 2022 mutual fund only
  • *
    As of March, 2022

U.S.

Post Advisory Group, LLC Open new window

Post Advisory Group is an asset management firm that provies investment products focused on high-yield corporate bonds, with a client base centered on US and Japanese institutional investors.

Company Information
Country The United States
Established
(Share acquisition period)
1992
(April 2013)
Number of employees 49
Assets under management* ¥2.0 trillion (US$17.7 billion)
Investment ratio 19.00%
  • *
    As of December 31, 2021
  • *
    As of March, 2022

The TCW Group, Inc. Open new window

The TCW Group is an asset management firm with especially strong fixed-income operations. It manages one of the largest investment trusts in the U.S. and supplies investment products to the world's largest pensions and institutional investors.

Company Information
Country The United States
Established
(Share acquisition period)
1971
(December 2017)
Number of employees 671
Assets under management* ¥30.4 trillion (US$264.4 billion)
Investment ratio 24.75%
  • *
    As of December 31, 2021
  • *
    As of March, 2022

Find out more

Insurance Business

TAIJU LIFE INSURANCE COMPANY LIMITED Open new window

Since the management integration in December 2015, we have steadily worked on achieving synergies, including approaching customers that were difficult to reach alone and increasing efficiency in various overlapping areas.

We are working to upgrade and expand the product lineups of both our companies in the sales representative channel through the mutual supply of one another's products. In the asset management field, we are working to strengthen our investment system by gathering the resources and expertise of each company. For instance, we are using a shared back office for investment securities, and have transferred the credit and alternative investment functions of Nippon Life and TAIJU LIFE to Nissay Asset Management.

Company Information
Established 1947
Main distribution channel Sales representative
Premium revenue ¥884.8billion
Number of employees 11,285
Investment ratio 85%
Products Coverage Selectable Life Insurance
  • *
    As of March, 2023

Nippon Wealth Life Insurance Company Limited Open new window

Since our management integration in May 2018, we have taken steps to demonstrate synergies between the two companies with the aim of upgrading and expanding the product lineup offered by our Group as a whole and strengthening sales and support systems for partner financial institutions and others.

As part of these activities, our wholesalers began providing sales support for Nippon Wealth Life products in January 2019, with a primary focus on regional financial institutions across Japan.

Both companies are working together to expand their networks of partner agencies and the products they carry.

Company Information
Established 1947
Main distribution channel Bancassurance
Premium revenue ¥570.5billion
Number of employees 463
Investment ratio 100%
Products Individual Annuities
  • *
    As of March, 2023

HANASAKU LIFE INSURANCE Co., Ltd. Open new window

HANASAKU LIFE INSURANCE Co., Ltd. began operations in April 2019. Ever since, HANASAKU LIFE has worked to strengthen its relationships with agencies while taking steps to flexibly provide products that accurately capture customer needs.

As part of the aforementioned activities, HANASAKU LIFE commenced sales of medical whole life insurance, lump-sum benefit insurance for specified diseases, term life insurance, whole life medical insurance with relaxed underwriting conditions, lump-sum benefit insurance for the three major diseases with relaxed underwriting conditions, and income security insurance in June 2019. We launched mail-order sales in July 2020 and online-based sales in September 2021, and will continue to upgrade and expand our product lineups and services.

Company Information
Established 2018
Main distribution channel Agencies/Direct channel (Mail-order/Web)
Premium revenue ¥22.2billion
Number of employees 298
Investment ratio 100%
Products Medical Insurance
  • *
    As of March, 2023

Nissay Plus SSI Company Inc. Open new window

Nissay Plus SSI Company Inc. launched business in April 2022 to meet the coverage needs of diverse customers, in the context of customer lifestyle changes and the ubiquity of digital environments.

In cooperation with wide-ranging partner companies, it offers a diverse variety of insurance products in both the life and non-life insurance fields. Its first product launch was Mother and Child 1,000 Days Insurance (official name: Mother and Child Insurance for Specified Diseases), and it will continue to flexibly upgrade and expand its product lineup by mobilizing its digitally driven, adaptable product provision system.

Company Information
Established 2021
Main distribution channel Direct channel (Web)
Premium revenue ¥2million
Number of employees 17
Investment ratio 100%
Products Medical Insurance
  • *
    As of March, 2023

Asset Management

Nissay Asset Management Corporation Open new window

Nissay Asset Management Corporation is a wholly-owned subsidiary asset management company that was established in 1995, concentrating the asset management capabilities of the Group.

Using its expertise in insurance asset management, the company offers a broad range of investment products to meet the need for stable, long-term asset formation held by pension fund and investment trust customers.

Company Information
Established 1995
Assets under management ¥34.0 trillion
Number of employees 685
Investment ratio 100%
  • *
    As of March, 2023

Other Group Companies

Nissay Information Technology Co., Ltd Open new window

Nissay Information Technology Co., Ltd. was founded in 1999 to oversee IT strategies for Nippon Life Group. In addition to developing systems for Nippon Life's new products that respond to diversifying market needs, the company offers high-quality IT and consulting services concerning social security markets for insurance/mutual aid, pension and healthcare based on its extensive experience.

Company Information
Established 1999
Business content
  • System services related to insurance and finance
  • System services related to medical and nursing care
  • Network service
  • Outsourcing etc…
Amount of sales ¥79.0 billion(*2)
Number of employees 2,480(*1)
Investment ratio 83.92%
  • *1
    As of April 1, 2023
  • *2
    As of March 2023
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