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Home > Company Index > Insurance > Life Insurance > Asahi Mutual Life Insurance Company

Asahi Mutual Life Insurance Company
 PROFILE
One of Japan's largest life insurance firms (Nippon Life is #1), Asahi Mutual Life Insurance sells life and health policies to individuals and groups. Its specialized policies include ones that pay victims of cancer, stroke, and heart attack. Asahi Mutual is a member of Insurope, a global network that offers insurance to Japanese companies abroad and to foreign companies in Japan. The firm has formed an asset management joint venture with the US's Metropolitan Life Insurance and is also setting up an Internet unit. Increased competition from industry deregulation and Japan's economic woes have hurt the firm, which plans to demutualize and join a partnership with Tokio Marine and Fire and Nichido Fire & Marine.

 COMPETITION
Meiji Life Insurance Company (dossier)
Nippon Life Insurance Company (dossier)
Sumitomo Life Insurance Company (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 11,001.60
1-Yr. Sales Growth: 32.7%
Employees: 12,148
Revenue per employee: $905,630.56

 KEY PEOPLE
• Yasuyuki Wakahara
    CEO

 CONTACT INFO
7-3, Nishi-Shinjuku 1-chome, Shinjuku-ku
Tokyo 163-8611, Japan
Phone: 81-3-3342-3111
Fax: 81-3-3346-9397
Online: Web Site

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