Tag - sumitomo-life

 
 

SUMITOMO LIFE

Rising domestic yields are leading Japan’s top life insurers to increase local bond holdings and reduce overseas debt as foreign returns lose their appeal.
BUSINESS / Companies
Oct 29, 2025
Japanese insurers trim foreign debt as domestic yields soar
Roughly half of 10 companies that disclosed half-year investment plans said they had cut overseas debt holdings.
Yukinori Takada, president of Sumitomo Life Insurance, is interviewed on Wednesday in Bellevue in Washington.
BUSINESS / Companies
Oct 19, 2025
Sumitomo Life to mull using AI tech to support sales agents
The comments followed a series of scandals in the industry that called into question the relationships between life insurance companies and their sales agents.
Among respondents in a recent survey who have been affected by inflation, 91.3% said price increases had impacted their food expenses.
JAPAN / Society
Oct 9, 2025
Over 80% of households in Japan feel impact of rising prices, survey shows
Over half of respondents said their cost of living had increased, with average monthly living expenses rising by ¥9,636.
Sumitomo Life is pledging not to sell its debt assets at a loss, in a rare move to avoid booking valuation losses, a source said.
BUSINESS / Companies
Oct 3, 2025
Sumitomo Life takes unusual step to avoid marking JGB losses
The Osaka-based firm, one of Japan’s top-four life insurers, is taking advantage of guidelines for bond investors when prices move sharply.
Four leading Japanese life insurance companies will stop sending employees on loan to agents and banks for insurance sales, following recent scandals involving these workers, sources revealed on Monday.
JAPAN
Aug 26, 2025
Japanese life insurers to stop transferring workers on loan
The move follows a series of scandals in which employees sent to sales agents leaked rival insurers' customer information.
Japan Times
BUSINESS / ANALYSIS
May 8, 2019
Japan's labor shortage eats away at backbreaking work culture
When she worked in sales for a bank, Chihiro Narazaki was passed over for the best assignments in favor of older colleagues. Her input was discouraged and she often stayed late just to do routine paperwork.
BUSINESS / Companies
Aug 12, 2015
Sumitomo Life to buy Buffett-backed Symetra for $3.8 billion
Sumitomo Life Insurance Co. agreed to buy Symetra Financial Corp. for about $3.8 billion (¥473.5 billion) as the Japanese company seeks to expand in the U.S.
BUSINESS / Companies
Jun 26, 2013
Sumitomo Life eyes stake in Bank Negara's insurance unit
Sumitomo Life Insurance Co. is among companies preparing to bid for a stake in the life insurance unit of PT Bank Negara Indonesia, according to two sources.

Longform

Mamoru Iwai, stationmaster of Keisei Ueno Station, says that, other than earthquake-proofing, the former Hakubutsukan-Dobutsuen (Museum-Zoo) Station has remained untouched.
Inside Tokyo's 'phantom' stations — and the stories they tell