Mitsui Sumitomo
Encyclopedia
- Not to be confused with Sumitomo Life Insurance CompanySumitomo Life Insurance Companyis a mutual life insurance company in Japan, founded in 1907 and headquartered in Osaka.In 2005, the company announced a joint venture with the People's Insurance Company of China PICC Holdings Company . The new company will be called PICC Life Insurance Co....
, a mutual insuranceMutual insuranceA mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance. Under this idea, what would have been profits are...
organization.
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
ese insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
headquartered in Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
.
Formed in 2001 from the merger of Mitsui Marine & Fire Insurance Co. and Sumitomo Marine & Fire Insurance, it is the third-largest property insurance
Property insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main...
company in Japan behind Tokio Marine and Sompo Japan
Sompo Japan Insurance
, or Sompo Japan , is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007....
, with market share of 18.6% in 2007.
Life insurance
- Mitsui Sumitomo Kirameki Life Insurance Co., Ltd.
- Mitsui Sumitomo MetLife insurance Co., Ltd.
Companies not based in Japan
- MS Frontier Reinsurance Ltd.
- Mitsui Sumitomo Reinsurance Ltd.
- Mitsui Sumitomo Insurance London Management Ltd.
- MSI GuaranteedWeather, LLCMSI GuaranteedWeather, LLCMSI GuaranteedWeather, LLC is a weather risk management company based in Overland Park, Kansas. It began in 1999 as a subsidiary of Aquila, Inc. but since 2007 is a wholly owned subsidiary of Mitsui Sumitomo Insurance Co., Ltd.- External links :* *...
Financial services
- Sumitomo Mitsui Asset Management Co., Ltd.
- MITSUI SUMITOMO INSURANCE Venture Capital Co., Ltd.
Risk-related businesses
- InterRisk Research Institute & Consulting, Inc.
- MITSUI SUMITOMO INSURANCE Care Network Co., Ltd.
- American Appraisal Japan Co., Ltd.