Leading life insurance groups in Japan FY 2020, by total assets
Leading life insurance group in Japan
Nippon Life Insurance Company, also known under the name Nissay, is a mutual insurance company that was founded in 1889. It is one of the leading life insurers in Japan in terms of premium income and has several Japanese and overseas subsidiaries under its umbrella that primarily engage in the insurance and asset management business.Modern insurance practices in Japan developed under the influence of the Meiji Restauration of 1868 that was followed by a period of modernization and industrialization. Japan’s first insurance company Tokio Marine was established in 1879, followed by the first life insurance company, Meiji Yasuda, founded in 1881.