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Sumitomo Life
Sumitomo Life

Sumitomo Life

Sumitomo Life is a life insurer selling individual protection, savings, and group cover through agents and banks.

Operating headquarters
Osaka, JP🇯🇵
Founded
1907
Overview
M & A
Analysis
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Employees
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Sumitomo Life sells individual life, medical, cancer, and savings policies to households in Japan, plus group life and pension cover to corporate clients. Most of that business is written through its career-agent force and bank distribution partners, with a direct channel serving online buyers. Its range runs from traditional death and medical cover to Vitality-linked policies that tie premiums and rewards to policyholders' health and activity data.

Outside Japan, the company moved from a minority stake to full ownership of Singapore Life (Singlife), building a health and protection business across Southeast Asia. Sumitomo Life is also exploring artificial intelligence to support its sales agents and back-office operations, and holds the US life insurer Symetra as a subsidiary.

Sumitomo Life - M & A Snapshot

Open M & A
  • Symetra

    Acquired by Sumitomo Life • $3.8B • Aug 11, 2015

Sumitomo Life - Similar Companies

Mitzu logo

Mitzu

mitzu.io

Signify logo

Signify

signify.com

Flowlu logo

Flowlu

flowlu.com

Senteca logo

Senteca

senteca.com

Sumitomo Life - Quick Facts

Who are Sumitomo Life's competitors?

Companies similar to Sumitomo Life include Mitzu, Signify, Flowlu and Senteca.

When was Sumitomo Life founded?

Sumitomo Life was founded in 1907.

Where is Sumitomo Life's headquarters located?

Sumitomo Life's headquarters is located in Osaka, JP.

Sumitomo Life - Classification

Industry
  • Insurance
  • Life Insurance Companies
Ownership
  • Mutual
Technology
  • Artificial Intelligence
Geographic Exposure
  • Asia
  • Japan
Model
  • Full-Stack Insurance Carrier
Revenue
  • Insurance Premiums
Customer
  • Business to Business
  • Consumer
Tags
  • Digital Transformation
  • Insurance