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3. the Life Insurance Association of Japan

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3. the Life Insurance Association of Japan 3. The Life Insurance Association of Japan a) Basic Information The Life Insurance Association of Japan (LIAJ) started as an incorporated association with formal sanction by the authorities concerned on December 7, 1908. Since then, the Association has continued to make efforts for the sound development of the life insurance industry. 1) Objective To strive for the sound development of the life insurance industry and maintain its reliability. 2) Activities page I) Activities to provide information and promote understanding on the life insurance business ························ 43 II) Consultation services, complaint processing and dispute resolution operations regarding life insurance ······· 43 III) Activities regarding systems and measures to ensure appropriate operation of the life insurance business ··· 45 IV) Activities regarding education and training for the staff of member companies ·········································· 49 V) Research and study activities regarding the theory and practice of life insurance VI) Activities regarding making requests and proposals to relevant authorities, agencies and organizations ······· 51 VII) Activities to fulfill social responsibilities ································································································ 52 VIII) Other activities considered necessary to achieve the goals of the LIAJ Note: This “Life Insurance Business in Japan” does not specifically introduce (V) Research and study activities regarding the theory and practice of life insurance and (VIII) Other activities considered necessary to achieve the goals of the LIAJ. 3) History 1898 ・The Forum of Japanese Life Insurers was founded. 1905 ・The Forum of Japanese Life Insurers was reorganized into the Association of Japanese Life Insurers. 1908 ・The Association of Japanese Life Insurers was authorized as an incorporated association. 1942 ・The Life Insurance Control Association was founded. The Association of Japanese Life Insurers was renamed the Life Insurance Network, and most of its operations were transferred to the Life Insurance Control Association. 1945 ・The Life Insurance Council of Japan was founded to take over the operations of the Control Association after it was dissolved. The Life Insurance Network was renamed The Life Insurance Association of Japan (LIAJ). All the operations of the Life Insurance Network were transferred to the LIAJ. 2008 ・The LIAJ marked the 100th anniversary since its foundation. 2014 ・The LIAJ made a transition from an incorporated association to a general incorporated association. 4) Membership All 41 life insurance companies operating in Japan (As of December 31, 2016) 5) Board Members Representatives of member companies and full-time officers of the LIAJ (See page 40 for the list of Board Members.) 6) Offices 52 offices (the headquarters in Tokyo and 51 local offices) (As of December 31, 2016) 7) Number of Employees 268 employees (As of December 31, 2016) 8) Funding Membership fees and revenues from business activities such as examination business (Budget for fiscal 2015: approx. 5.24 billion yen, of which 4.14 billion yen from membership fees and 1.05 billion yen from revenues from business activities) LIAJ Business in Japan 2015/2016 38 3. The Life Insurance Association of Japan Organization Chart (As of December 31, 2016) The Life Insurance Association of Japan (LIAJ) General Meeting Auditors Board of Directors Committees Association Office Life Insurance Consultation Center General Affairs Dept. Arbitration Local Committees Public Relations Dept. Advisory Committee Administration & Education Dept. Arbitration Planning Dept. Council Research Dept. Joint System Office Life Insurance Consultation Office International Dept. Local Offices (51 Districts) LIAJ Business in Japan 2015/2016 39 3. The Life Insurance Association of Japan Board Members (As of December 31, 2016) Chairman Akio Negishi President, Meiji Yasuda Life Insurance Company Vice Chairmen Masahiro Hashimoto President and Chief Executive Officer, Sumitomo Life Insurance Co. Minoru Kudo Representative Director and President, Daido Life Insurance Co. Directors Yoshinobu Tsutsui President, Nippon Life Insurance Co. Shinichi Hirose Member of the Board, President, Tokio Marine & Nichido Life Insurance Co., Ltd. Yasunori Kume Representative, CARDIF Assurance Vie Koichiro Watanabe President, THE DAI-ICHI LIFE INSURANCE COMPANY, LIMITED Tomoo Hagimoto President and Representative Director, Sony Life Insurance Co., Ltd. Akira Nishino Representative Director and President, AEGON Sony Life Insurance Co., Ltd. Kaoru Takahashi President & CEO, Sompo Japan Nipponkoa Himawari Life Insurance, Inc. Kazunori Kataoka President, ORIX Life Insurance Corporation President & CEO, Representative Executive Officer, Manulife Life Insurance Hitoshi Morita Company Mitsuru Imoto Representative Director and President, MassMutual Life Insurance Company Yoshiteru Yoneyama President, Fukoku Mutual Life Insurance Co. Shoichiro Ichitani President and Chief Executive Officer, The Prudential Life Insurance Co., Ltd. Norimitsu Shimada Executive Managing Director, NN Life Insurance Company, Ltd. Representative Director, President and COO, AIG Fuji Life Insurance Company, Norio Tomono Limited Director, Representative Executive Officer, Deputy President and Chief Distribution Tomohiko Komoto Officer, AXA Life Insurance Co., Ltd. President of Aflac Japan, Representative in Japan of Aflac, American Family Life Hiroshi Yamauchi Assurance Company of Columbus Director, Representative Statutory Executive Officer and Vice Chairman, MetLife Eiji Hirano Insurance K.K. Hitoshige Tambo President, Mitsui Sumitomo Aioi Life Insurance Co., Limited Vice Chairmen Toyonari Sasaki The Life Insurance Association of Japan (Full-time) Ichiro Wakasa The Life Insurance Association of Japan (Full-time) Director Kazushige Mori The Life Insurance Association of Japan (Full-time) Auditors Daisuke Iwase President & Representative Director, LIFENET INSURANCE COMPANY Yuzo Hashiya President and Representative Director, Rakuten Life Insurance Co., Ltd. Yoshiki Sato President, Asahi Mutual Life Insurance Co. Kazuo Ohtake Attorney at Law LIAJ Business in Japan 2015/2016 40 3. The Life Insurance Association of Japan Member Companies (As of December 31, 2016, in alphabetical order) AEGON Sony Life Insurance Co., Ltd. http://www.aegonsonylife.co.jp/ Aoyama Oval Building, 5-52-2 Jingumae, Shibuya-ku, Tokyo 150-0001 AIG Fuji Life Insurance Company, Limited http://www.aig-fuji-life.co.jp/ Kamiyacho MT building, 4-3-20 Toranomon, Minato-ku, Tokyo 105-8633 Allianz Life Insurance Japan Ltd. http://life.allianz.co.jp/ Anzen Building, 1-6-6 Motoakasaka, Minato-ku, Tokyo 107-0051 American Family Life Assurance Company of Columbus http://www.aflac.co.jp/ Shinjuku Mitsui Building, 2-1-1 Nishi-shinjuku, Shinjuku-ku, Tokyo 163-0456 Asahi Mutual Life Insurance Co. http://www.asahi-life.co.jp/ Asahi Seimei Otemachi Building, 2-6-1 Otemachi, Chiyoda-ku, Tokyo 100-8103 AXA Life Insurance Co., Ltd. http://www.axa.co.jp/ NBF Platinum Tower, 1-17-3 Shirokane, Minato-ku, Tokyo 108-8020 AXA Direct Life Insurance Company Limited http://www.axa-direct-life.co.jp/ 8th Floor, KDX Kojimachi Building, 3-3-4 Kojimachi, Chiyoda-ku, Tokyo 102-0083 CARDIF Assurance Vie http://www.cardif.co.jp/ 9th Floor, Shibuya Infoss Tower, 20-1 Sakuragaoka-cho, Shibuya-ku, Tokyo 150-0031 Crédit Agricole Life Insurance Company Japan Ltd. http://www.ca-life.jp/ 15th Floor, Shiodome Sumitomo Building, 1-9-2 Higashi-Shimbashi, Minato-ku, Tokyo 105-0021 Daido Life Insurance Co. http://www.daido-life.co.jp/ 1-2-1 Edobori, Nishi-ku, Osaka-shi 550-0002 Fukoku Mutual Life Insurance Co. http://www.fukoku-life.co.jp/ 2-2-2 Uchisaiwaicho, Chiyoda-ku, Tokyo 100-0011 Fukokushinrai Life Insurance Co., Ltd. http://www.fukokushinrai.co.jp/ 8-17-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo 160-6132 JAPAN POST INSURANCE Co., Ltd. http://www.jp-life.japanpost.jp/ 1-3-2 Kasumigaseki, Chiyoda-ku, Tokyo 100-8798 LIFENET INSURANCE COMPANY http://www.lifenet-seimei.co.jp/ Kojimachi NK Building, 2-14-2, Chiyoda-ku, Tokyo 102-0083 Manulife Life Insurance Company http://www.manulife.co.jp/ 3-20-2 Nishi-shinjuku, Shinjuku-ku, Tokyo 163-1430 MassMutual Life Insurance Company http://www.massmutual.co.jp/ 2-1-1 Osaki, Shinagawa-ku, Tokyo 141-6023 Medicare Life Insurance Co., Ltd. http://www.medicarelife.com/ 5th Floor, Sumitomo-seimei Kiyosumi Park Building, 1-11-12 Fukagawa, Koto-ku, Tokyo 135-0033 Meiji Yasuda Life Insurance Company http://www.meijiyasuda.co.jp/ 2-1-1 Marunouchi, Chiyoda-ku, Tokyo 100-0005 MetLife Insurance K.K. http://www.metlife.co.jp/ 4-1-3 Taihei , Sumida-ku, Tokyo 130-0012 Midori Life Insurance Company http://www.midori-life.com/ 6-3-43 Ohji, Kita-ku, Tokyo 114-8595 Mitsui Life Insurance Company Limited http://www.mitsui-seimei.co.jp/ 1-1-20 Aomi, Koto-ku, Tokyo 135-8222 LIAJ Business in Japan 2015/2016 41 3. The Life Insurance Association of Japan Mitsui Sumitomo Aioi Life Insurance Co., Limited. http://www.msa-life.co.jp/ 2-27-2, Shinkawa, Chuo-ku, Tokyo 104-8258 Mitsui Sumitomo Primary Life Insurance Company, Limited http://www.ms-primary.com/ 16th Floor, Yaesu First Financial Building, 1-3-7 Yaesu, Chuo-ku, Tokyo 103-0028 Nippon Life Insurance Co. http://www.nissay.co.jp/ 3-5-12 Imabashi, Chuo-ku, Osaka-shi 541-8501 NN Life Insurance Company, Ltd. https://www.nnlife.co.jp/ 26th Floor, New Ohtani Garden Court, 4-1 Kioicho, Chiyoda-ku, Tokyo 102-0094 ORIX Life Insurance Corporation http://www.orixlife.co.jp/ Akasaka Star Gate
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