One of the World’s Oldest Life Insurance Companies – Nippon Life Insurance Company


Nippon Life Insurance Company was founded in 1889, has so far has 115 years of history. In the early creation. Nippon Life According to Japan’s first death statistics compiled successfully premium rate table, and first implemented in Japan, was not yet universal life insurance “policyholder dividends.” As Japan and one of the world’s largest life insurance company, Nippon Life Insurance, Japan has always led the development trend. Nippon Life is not only known in Japan, but also world-renowned. Its life insurance premium income of the world’s first.

Currently, Nippon Life Life’s total assets of about 45 trillion yen (equivalent to approximately RMB 3 trillion), the premium income of about 5.7 trillion yen (equivalent to approximately RMB 380 billion yuan), approximately 12.5 million insured customers, employees approximately 70,000. In addition, the company has listed stocks in Japan 2.3% (current prices Gross), is Japan’s largest institutional investors.

Nippon Life as life insurance companies, in order to continuously strengthen its operating base and ability to withstand risks, the company continued to enrich its own capital, so as to reach about 2.3 trillion yen (about 150 billion yuan), and to the solvency ratio remained at 714.4 % was high above, fully reflects the company’s ability to resist risks. Company received the U.S. S & P (Standard & Poor’s)’s “AA-” credit assessment.


An Overview of Sumitomo Life Insurance Company


Life Insurance protection

Sumitomo Life Insurance Company was founded in 1907, it is a comprehensive insurance group (life insurance, property insurance , asset management ). Japan’s Sumitomo Life is one of the largest life insurance companies using the information technology for the development of new types of insurance , asset management, risk management and business management mechanism and other aspects which makes them have a considerable advantage in the business.

Insurance Company and its subsidiaries: one, life insurance and life insurance-related businesses

The Company mainly focuses on life insurance business. Life insurance-related businesses have to live on the computer business computer services Health Corporation. To contractors providing credit services SU MI SEI Credit Service Corporation.
Conduct life insurance business in the overseas intermediary of Sumitomo Life Insurance Agency America.Inc.. They also undertake insurance agency business other four companies.

Asset management-related business

Asset-related business operations, domestic Sumitomo Life Investment Corporation,

Overseas Sumitomo Life International (UK) Limited. Wait five companies.
Sumitomo Life Investment Corporation, SU MI SEI International Investment Trust Co., Ltd. and another company to carry out securities investment and trust services. SU MI SEI Capital Corporation launched a venture capital business. Sumitomo Life Realty (ny), Inc. Other nine companies launched a real estate investment business.

The Company’s portion of the business done by I ZU MI Printing Co., Ltd. and three other companies to manage.

Real Estate to be managed by the SU MI SEI Property Management, Inc..

Mission – To the idea of coexistence based on mutual support and seek strong, permanent prosperity.  Determined to contribute to the cause of social and public welfare. 

The importance of credit as a business purpose – Conform to the trend of change, the situation Jihuan, calmly overcame all difficulties persist In the spirit of perseverance to the overall situation.


Why you need Corporate Insurance for your Business


Running a small business involves a significant investment. Corporate insurance protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster. Unless you are an employer, corporate insurance is generally not required by law, however, it is common practice to purchase enough insurance to cover your assets. If your business is an LLC or a corporation, your personal assets are protected from business liabilities; however, neither business structure is a substitute for liability insurance, which covers your business from losses.

Your state government determines insurance requirements for businesses. Most states require businesses with employees to pay for workers’ compensation insurance, unemployment insurance, and state disability insurance. Your state may require insurance of specific business activities. For example, if you own a car or truck and use it for business purposes, you may be required to purchase commercial auto insurance. Finally, your financial lender or investors may require you to maintain life, business interruption, fire, flood or other types of insurance to protect their investments.

Small Business Insurance


Insurance protects your business in case of loss or various situations. Only you can decide what kind of insurance your business requires.

To select a safe there are two key questions:

What do I need to protect?

Does the office for a possible fire, the equipment for possible theft, liability to the demands of other people, other assets?

How much is that protection?

Once you have this clear vision, be sure to:

Select the type and amount of insurance that will fit your unique situation.

Compare and check with several companies and pay a reasonable and appropriate fee.

Choose adequate insurance coverage to ensure your assets properly.

Always read the policy and make sure you understand it before signing.

Avoid duplicate coverage.


Factors that may affect Insurance Premium Determination in Life and Health Insurance


Many people who buy an insurance will be wondering what would be the premiums as they may not know the insurance company as defined in premiums is come.

Typically, the premium calculation factors affecting insurance are the insurance period, the payment period, payment method, the insured person’s gender, age, occupation, physical condition, the insured amount.

Since it is the price of risk premium, it must be based on the above factors to estimate their risk level, then in accordance with the principle of equal income and expenditure be calculated. General case is roughly: the higher the amount of insurance, the premium is higher.

The period of insurance, the insurance and endowment insurance life insurance period is longer, the cheaper the premium; death benefit and vice versa, the longer the period, the more expensive the premium.
In payment, the more the number of payment instalments, the premium is higher.

In addition, there are factors that affect premiums:

(1) Nature of Profession : Occupational different risk levels also appear larger differences in accident and health insurance and other types of insurance, the nature of the different occupation has a direct impact on the Insurance Premium Determination.

(2) The insured person’s gender. Insurance companies are generally based on the life table estimates of the insured risk. In general, male life expectancy shorter than women, the protection-type insurance, men generally have higher rates. The pension is different, women generally retire early, and long life, pension age than men, so the pension rates, women will have relatively higher. In addition, because men and women of different physical fitness, men have a higher risk of major diseases, buy critical illness insurance when rates are relatively high.

(3) Differences in the physical condition of the insured person. Insurance companies will be insured under the medical records of previous estimates risk if suffered some special diseases, most of them need to add fees to underwriting.

(4) Different living habits. Smokers and non-smokers rate varies. The length of the insurance payment deadline will have an impact on premiums. In annuity insurance or investment savings-type insurance, a predetermined return period will also affect different level of insurance premiums.


Frauds and Scams in Insurance can affect the stability of Insurance Market


Against insurance fraud concept, composition characteristics, identification of legal behavior, a crime with many crimes, a common and attempted patterns and criminal judicial determination to proceed should pay attention to such problems. Judiciary system has an important role to identify the insurance fraud and improve existing legislation through Defects Research explore such that it addresses them all during the judicial practice, to deal with the crime, give full play to actively and effectively to combat insurance fraud penal offense.

Insurance fraud not only causes a bad effect in the community, but also the Frauds and Scams in Insurance can affect the stability of Insurance Market and insurance companies have suffered huge economic losses, threatening the survival and development of the insurance company, or even disrupt the normal order of the insurance market, affecting the stability and development of the national economy.

Currently, the insurance industry development strategy are from extensive to intensive changes. In this process, to prevent insurance fraud and reduce the loss ratio, improve claims management as various insurance companies to increase profits, an effective way to consolidate the results of operations. This type of life insurance fraud were summarized, analyzed, and then put forward the concept of the operator, advocacy, claims and other aspects of oversight mechanisms to prevent and defuse risks lie compensation method.

Because insurance internal and external management mechanism is not very robust, making insurance fraud cases have occurred. With Country’s rapid economic development, its insurance industry has also been further strengthened, insurance in the role of social life is also growing. However, in recent years, insurance fraud continue to occur, and intensified, the reason is mainly caused due to asymmetric information, asymmetric information and moral hazard induced by policyholders adverse selection psychology. Should further explore how to reduce information asymmetry due to the insurance company can cause a negative effect.

A Study on Insurance Industry Market Structure and Market Performance Relationship


The effectual competitions of insurance industry still lacks less, the market performance is still low.
However, market concentration is still high, lack of effective competition in the insurance market, insurance market performance is low.

Along with the rapid development of the insurance industry, the insurance company sets a higher demand on the efficiency of agency insurance service of the financial organization (commercial bank and so on).

With the insurance industry ‘s rapid development, financial institutions, insurance companies (commercial banks) transfer agent insurance services a higher efficiency requirements, while users of financial institutions (commercial banks) transfer agency insurance business services also made ​​a very high quality requirements.

A New Study of the Relationship between Market Structure and Performance of Insurance Industry showed the below information,

Insurance Industry Market Structure and Market Performance Relationship

The article first makes analysis on the characteristics of the evolution of the insurance policies of the developed countries such as US,UK and new developing market such as Japan and Hongkong from the background,formulation,implementation and effect of the industrial policies in their insurance industry development,and then makes research on the Inspiration on BRIC countries.

From the United States, Britain and other developed markets, the insurance, as well as Japan, Hong Kong Insurance in emerging markets the insurance industry background and policy analysis of the implementation process of the Chinese Insurance Industry policy formulation provides a lot of inspiration, that the success of the insurance industry policy must adhere the eternal theme of sustainable development, political and economic environment to adapt to the market, pay attention to the insurance industry policy and a variety of industrial policy coherence and effective use of the insurance industry policy instruments to achieve improved competitiveness of the insurance industry, insurance transaction costs savings target.

My Medicare Insurance


The Medicare plans are provided by the government of several countries and they promise better health of a person in return of a minimal expense. My Medicare original plan as stated in medicare sites is for surprise health crises. With a Medicare supplement comparison, you should review your medical care costs for the preceding year, assess your current health status and choose a plan that is affordable.

The Medicare Supplement Insurance Plans are provided by the private companies at a larger amount of money. It has been seen that the original Medicare policies do not cover the total medical bill of a person’s treatment; it leaves a huge gap in between.

There are many medicare part supplements as stated in mymedicare site like an educated consumer Program is designed to provide Medicare premiums, deductibles and coinsurance for seniors with limited incomes. The government sets the income level for individuals and couples each year. There are separate medicare policies for public and private companies.

The medicare packages are available in different ranges and benefits. Several private companies sell these Supplemental Medicare Insurance plans, but the plans and rules are exactly the same for every company as the government of the respective country fixes them.


Private Client Group Insurance


What is group insurance?

It is a contributory and non-contributory Insurance: based on who pays the premium.  There are special conditions to join a contributory group insurance. There are questions like who must comply with reporting duties to the insured and How long of a contract group insurance.


What is private client group insurance?

The contract of group insurance covering risks of a group of people related to the policyholder by a distinct relationship of insurance (eg, a health insurance company in which the borrower is secure and your workers safe people). Group insurance involves two stages:

when performing the contract between the insurer and the policyholder; and when policyholders adhere to the insurance contract.


Air Travel or Aviation Aircraft Insurance


These days, many office workers have to travel frequently, and this also includes me. Many people often use aircraft as their means of transport, as it assures fast reachability. And the probability of aircraft accidents is relatively low, so a lot of people when their plane travel are less frequent, simply do not buy insurance. Even if they buy insurance they think it’s of no use as for a few hours what accident can occur.

In fact, have such a thought is a big mistake. Aircraft accident probability is not very high, but if occurs, the threat is fatal.

So I bought an aviation accident insurance or the Aviation Aircraft Insurance for Air Travel, which also covers dependent needs for family’s needs. But the purchase of aviation accident insurance is not that easy.

First, we apply only when there is critical need for an insurance. The beneficiary would be a dependent Who directly reflects the wishes of the insured. Also in insurance payments, they can save time. Because if we did not specify who the beneficiary is after we die, the insurance money goes to our heritage, it can cause a lot of unnecessary trouble.

Then there is our best insurance policy signed and personally checked our ID number for the past and in few countries it is amandatory to have Air Travel insurance and the most important thing is to buy a good insurance policy, we have to verify the authenticity of the policy by checking the appropriate insurance company claims standards.