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Meiji Yasuda Life Insurance Company

MEIJI YASUDA LIFE INSURANCE COMPANY


By : Ririn Sholiha

History of Meiji Yasuda Life Insurance Company

life insurance

life insurance

Meiji Yasuda Life Insurance Company is a Japanese life insurance company, headquartered in Tokyo, and was made in 2004 from the merger of Meiji Yasuda Life and Life. The company is one of the oldest and largest insurance companies in Japan.

In 1880, employers Zenjiro Yasuda founded the Yasuda Mutual Life Insurance Company, making it part of the Yasuda Zaibatsu. On January 1, 2004, Meiji Mutual Life Insurance Company and Yasuda Mutual Life Insurance Company merged to create Meiji Yasuda Life Insurance Company.

In this case Meiji Yasuda Life Insurance Co. has entered into exclusive talks to buy a 15 percent stake in Thai Life Insurance Co. for about $ 700 million, people familiar with the matter told Reuters, as Japanese insurers increase their presence in Southeast Asia.

Meiji Yasuda which has 38,000 employees is the second-largest life insurer by premium income after Japan’s Nippon Life Insurance Co., managed to beat Sumitomo Life Insurance Co. to enter into final negotiations, in an auction that has attracted private equity firm Carlyle Group, KKR & Co. and CVC Capital Partners.

If succeeded, the purchase will make the fourth Meiji Yasuda financial services acquisition by a Japanese company in Southeast Asia this year, bringing the total value of year-to -date on the Japanese M & A deals in the region to $ 6.6 billion.

Increased personal income Meiji Yasuda companies in Southeast Asia for the first time to solve it from a lot of cases, individuals and families is a problem in the ability to pay for insurance. It is one of the new demands that can push stock prices and company valuations, culminating in a spate of M & A.

In addition, the insurance company Meiji Yasuda Life Insurance Company provides a range of insurance services in the life insurance industry in Japan, Asia, North America, and Europe. The company offers a range of insurance solutions, such as individual life insurance individual annuities, group life insurance and group pension products. It also provides insurance services to the international insurance and annuity needs of overseas branches and subsidiaries of multinational companies and international reinsurance products comprising reinsurance, accident and health insurance policies. Company sells its products through sales force, OTC sales at banks and other financial institutions.

Recently Meiji Yasuda Life Insurance provides 30,000 Fujitsu tablets with Windows 8 for sales personnel in the deployment of the largest in Japan, Leading insurance companies do need to make use of technology to win the hearts of customers.

In view of the history of this company, Meiji Yasuda not be surprised if , in the list of the second largest life insurance company in Japan based on premium revenue after Nippon Life Insurance Co. Beating Sumitomo Life Insurance Co. as described above . For those of you who are interested to know the details of this company , you can contact at:

Meiji Yasuda Life Insurance Company
1-1 , Marunouchi 2 – chome
Chiyoda – ku
Tokyo , 100-0005
Japan
Phone : 81 3 3283 8293
Fax : 81 3 3215 8123

 

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