Daiichi Life Insurance Company [Mutual Company] - Daiichi Life Insurance Company

Japanese: 第一生命保険[相互会社] - だいいちせいめいほけん

An independent life insurance company. It is the second largest in the industry after Nippon Life Insurance. In 1902, Yano Tsuneta (1865-1951), who retired as the first head of the Insurance Division of the Ministry of Agriculture and Commerce, founded Dai-ichi Life Insurance. It is known as the first mutual life insurance company in Japan with a 100-year history. After World War I, the company's performance improved significantly, and it secured its position as one of the five major life insurance companies in the 1920s and the second largest in the industry in the 1930s. After the war, the company's head office building was requisitioned by GHQ, but it continued to expand its business smoothly. It focused on improving its ATMs (automated teller machines), and boasts the highest number of ATMs in the industry. In response to the revised Insurance Business Act of 1996 and the Financial System Reform Act of 1998, the company entered into a full business partnership with the Industrial Bank of Japan (now Mizuho Financial Group) in 1998. In 2000, the company formed a comprehensive business partnership with Yasuda Fire & Marine Insurance (now Sompo Japan), and also with American Family Life Insurance, demonstrating its proactive management in response to changes in the business environment. Headquarters in Tokyo. Interim total assets as of September 2003 were 32,297.8 billion yen, and insurance premiums and other income for the fiscal year ending March 2011 were 3,312.4 billion yen.

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

独立系の生命保険会社。日本生命保険に次ぎ業界２位。1902年農商務省の初代保険課長を退官した矢野恒太〔1865-1951〕が，第一生命保険を設立。100年の歴史を持つ日本初の相互会社組織の生命保険会社として知られる。第１次大戦後，大きく業績を伸ばし，1920年代に五大生保，1930年代に業界２位の地位を確かなものした。終戦後，本社社屋がGHQに接収されるが，順調に業容を拡大。ATM（現金自動預入支払機）の充実に力を注ぎ，設置台数は業界最高水準を誇る。1996年に改正施行された保険業法と1998年に施行された金融システム改革法に対応して1998年日本興業銀行（現みずほフィナンシャルグループ）と全面業務提携。2000年には安田火災海上保険（現損保ジャパン）と包括業務提携を結び，さらにアメリカンファミリー生命保険とも業務提携し，事業環境変化に取り組む積極的な経営を示している。本社東京。2003年９月中間総資産32兆2978億円，2011年３月期保険料等収入３兆3124億円。

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