List of Businesses
View each company's website in a separate window by clicking on the name.
Domestic Non-life Insurance Business
Mitsui Sumitomo Insurance(MSI) is a wholly owned subsidiary of Mitsui Sumitomo Insurance Group Holdings(MSIGH) and a market leader in Japan's non-life insurance industry. Through a nationwide domestic network of 707 sales branch offices and about 46,000 agents, MSI provides both commercial line and personal line non-life insurance products. At the same time, MSI's claims handling network of 283 claims-handling offices and approximately 8,000 claims-handling specialists provides customers with accurate claims-handling service.
Mitsui Direct General Insurance(Misui Direct) is a direct sales automobile insurance company in which MSIGH holds an approximately 66% share. Mitsui Direct utilizes an innovative business model that uses the Internet as a principal sales channel with Internet users as prospective customers.
Life Insurance Business
Mitsui Sumitomo Kirameki Life Insurance(Kirameki Life), wholly owned subsidiary of MSIGH, engages in cross-sales to customers of MSI as its principal business model. Many of Kirameki Life's sales agents are also agents of MSI. MSI performs the guidance and management of sales agents on behalf of Kirameki Life.
Mitusui Sumitomo Metlife Insurance(MSI MetLife), in which MSIGH holds a 51% share, is a joint venture with U.S.-based MetLife, Inc. specializing in individual annuities and is a leading company for variable annuities in Japan. MSI MetLife offers individual annuities, mainly variable annuities, via its primary sales channels of financial institutions, particularly mega-banks, regional banks, and securities companies that have close relationships with MSI.
Overseas Business
MSI divides its global network into three areas Asia, Europe and Americas where each establishing a regional holding company to manage the regional business. In Asia, MSI maintains solid business platforms throughout the region providing a wide range of commercial and personal line insurances to its Asian customers, while in Europe and Americas, its business mainly concentrates in underwriting commercial-line insurances. Additionally, MSI participates in the re-insurance business globally through two re-insurance subsidiaries in Ireland and Bermuda.
Financial Services Business
Sumitomo Mitsui Asset Management, in which MSI has a 17.5% share, was established jointly with other financial institutions. As one of the largest asset management companies in Japan, Sumitomo Mitsui Asset Management has approximately ¥11 trillion assets under management in its investment advisory services business and its management of investment trusts.
MITSUI SUMITOMO INSURANCE Venture Capital is a wholly owned subsidiary of MSI that invests in venture companies with major future potential. The company’s balance of investments has reached ¥16.2 billion.
Risk-related Business
InterRisk Research Institute & Consulting, a wholly owned subsidiary of MSI subsidiary, provides a wide range of consultation, surveys and research, and seminars, all associated with risk solutions.
MITSUI SUMITOMO INSURANCE Care Network, a wholly owned subsidiary of MSI, is engaged mainly in the operation of retirement homes with nursing care services.
