Dai-ichi Life Insurance Co. plans to expand in Asia to counter declining demand in Japan after its stock surged on debut in Tokyo in the world's biggest initial public offering in two years.
The nation's second-largest life insurer will concentrate particularly on China, where it has set up offices in Beijing and Shanghai and may start selling insurance by 2012, President Koichiro Watanabe said recently in Tokyo.
He aims to make Dai-ichi one of the top-10 listed global insurers by market value, by following the examples of U.S. and European rivals that demutualized and expanded globally.