The Dai-ichi Life Insurance Company, Limited
(“Dai-ichi Life”), founded in 1902 as Japan’s first mutual company, is a life insurance company in Japan. Dai-ichi Life is one of the top players in the global life insurance with consolidated total assets of US$ 388.4 billion and consolidated premium and other income of US$ 39.8 billion (as of 31 March 2011).
Dai-ichi Life has been developing its overseas businesses by leveraging the expertise in life insurance it has developed over the past one hundred years.
Vietnam
In January 2007, Dai-ichi Life acquired Bao Minh CMG, which commenced operations as Dai-ichi Life Insurance Company of Vietnam, Limited.
India
In February 2009, Star Union Dai-ichi Life Insurance Company Limited, a joint life insurance company established together with the Bank of India and Union Bank of India, commenced operations.
Thailand
In July 2008, Dai-ichi Life agreed to take an equity stake in Ocean Life Insurance Co., Ltd. and form a strategic business alliance. Ocean Life Insurance subsequently became a Dai-ichi affiliate in the same year.
Australia
In August 2008, Dai-ichi Life agreed to take an equity stake in Tower Australia Group Limited and form a strategic business alliance. Tower Australia Group subsequently became a Dai-ichi affiliate in the same year
Taiwan
In June 2006, Dai-ichi Life agreed to take an equity stake in Shin Kong Financial Holding Co., Ltd. and form an operating alliance. Dai-ichi has been keeping the alliance.
Management Philosophy:
For more than 100 years since its foundation in 1902, Dai-ichi Life has endeavored to embody its “Customer First” principle. Dai-ichi Life will continue to position this management philosophy as our permanent raison d’être and it will seek to be a lifelong partner of our customers.
HISTORY:
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1902
Tsuneta Yano issues Characteristics of My Company, a pamphlet explaining the merits of a mutual company, and subsequently establishes Japan’s first mutual life insurance company, the Dai-ichi Mutual Life Insurance Company.
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1970
FALIA, Foundation for the Advancement of Life Insurance Around the World, a consolidation of several related organizations active since 1962, is established to expand Dai-ichi Life’s support for the life insurance business in Asia.
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1975
Dai-ichi Life’s first overseas representative office is established in New York (currently Dai-ichi Life International (U.S.A), Inc.) to study U.S. insurance, economic, and financial systems as well as to promote international group insurance policies among local subsidiaries of Japanese corporations.
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2002
Marking a century of insurance and investment achievements, Dai-ichi Life celebrates its 100th Anniversary.
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2007
Dai-ichi Life acquires Bao Minh CMG, which commences operations as Dai-ichi Life Insurance Company of Vietnam, Limited.
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2008
Dai-ichi Life concludes an agreement on a strategic business alliance, including the acquisition of shares, with Ocean Life Insurance Co., Ltd. of Thailand.
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2008
Dai-ichi Life enters into an agreement to form a strategic business alliance with Tower Australia Group Limited.