Sumitomo Life

Sumitomo Life is a major life insurance company in Japan, and a member of the Sumitomo Group. It was founded in 1907 as The Hinode Life Insurance Company and adopted its current name in 1991.

History[edit | edit source]

The company was established in 1907 as The Hinode Life Insurance Company. In 1991, it was renamed to Sumitomo Life. The company has a long history of providing a wide range of insurance products and services to individuals and businesses in Japan.

Business Operations[edit | edit source]

Sumitomo Life operates in various areas of life insurance business, including individual life insurance, group life insurance, and annuities. The company also offers health insurance and nursing care insurance. It has a strong presence in Japan and has been expanding its operations overseas.

Corporate Governance[edit | edit source]

Sumitomo Life's corporate governance structure includes a Board of Directors, which is responsible for decision-making and supervision, and an Audit & Supervisory Board, which audits the execution of duties by Directors.

Social Responsibility[edit | edit source]

Sumitomo Life is committed to fulfilling its social responsibilities as a life insurance company. It engages in various social contribution activities, including support for child-rearing, health promotion, and community contribution activities.