Sumitomo Life

Sumitomo Life Insurance Company 住友生命保険相互会社

TypePrivate. Mutual
Headquarters4-35, Shiromi Itchome, Chuo-ku, Osaka, Osaka prefecture, Japan
  • 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.
  • In 2005, the company announced a joint venture with the People's Insurance Company of China.
    • The new company was named PICC Life Insurance, which sells 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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