Top 100 Companies by Members As of August 1, 2013 2013 RANK

Total Page:16

File Type:pdf, Size:1020Kb

Top 100 Companies by Members As of August 1, 2013 2013 RANK Top 100 Companies by Members as of August 1, 2013 2013 RANK COMPANY NAME COUNTRY MBRS 1 New York Life United States 2,228 2 SBI Life Insurance Company Ltd India 2,064 3 Samsung Life Ins Co Ltd Republic of Korea 1,646 4 Northwestern Mutual United States 1,300 5 LIC India India 1,189 6 Fubon Life Insurance Co Taiwan R.O.C. 1,114 7 AIA International Ltd HOK Hong Kong SAR 1,000 8 Prudential Life Ins Co Ltd Japan 945 9 MetLife Korea Republic of Korea 836 10 Sony Life Insurance Co Japan 663 11 Prudential Assurance Co Ltd Hong Kong Hong Kong SAR 620 12 Prudential Financial United States 593 13 AXA China Region Insurance Co Ltd Hong Kong SAR 533 14 Cathay Life Taiwan R.O.C. 488 15 Ping An Life Insurance Ltd P. R. China 476 16 ING Life Ins Co Ltd-Korea Republic of Korea 456 17 MetLife Alico KK-Japan Japan 446 18 Kyobo Life Ins Co Ltd Republic of Korea 392 19 MetLife United States 382 20 Prudential Life of Korea Republic of Korea 364 21 AXA Advisors LLC United States 358 21 Massachusetts Mutual Life Ins Co United States 338 23 Securian Financial Group United States 335 24 Taiwan Life Ins Co Ltd Taiwan R.O.C. 315 25 Guardian Life Insurance United States 310 26 Gibraltar Life Insurance Company Ltd Japan 299 27 Nan Shan Life Ins Co Ltd Taiwan R.O.C. 295 28 Manulife Vietnam Limited Vietnam 286 29 Manulife(International)Ltd-Hong Kong Hong Kong SAR 282 30 Everpro Insurance Brokers Co Ltd-Taiwan Taiwan R.O.C. 275 30 PT Asuransi Allianz Life-Indonesia Indonesia 275 32 Sun Life of Canada-Philippines Inc Philippines 274 33 AIA-China P. R. China 267 34 Seguros Monterrey New York Life SA de CV Mexico 264 35 Hoken No Madoguchi Group Ltd Japan 263 36 Principal Financial Group United States 234 37 Philam Life Philippines 204 38 AIA Life-Korea Republic of Korea 201 38 Cigna & CMC Life Insurance P. R. China 201 40 Prudential Assur-Singapore Singapore 199 41 AIA-Singapore Singapore 197 41 Hong Leong Assurance Berhad Malaysia 197 Page 1 Prepared by Debbie Oprenchak Top 100 Companies by Members as of August 1, 2013 2013 RANK COMPANY NAME COUNTRY MBRS 43 AIA-Thailand Thailand 195 43 Sun Life Financial Distributors Inc Canada 195 45 BOC Group Life Assurance Co Limited Hong Kong SAR 192 46 Sino-US United Metlife Ins Co Ltd P. R. China 184 47 Great Eastern Life Assurance (Malaysia) Malaysia 179 48 HDFC Standard Life Insurance Company Ltd India 176 49 Korea Post Republic of Korea 171 50 Lincoln Financial Group United States 163 51 John Hancock Financial Services United States 161 52 Dai-Ichi Mutual Life Insurance Company Japan 157 53 London Life Canada 152 53 Ohio National Financial Services United States 152 55 Ageas Insurance Co (Asia) Ltd Hong Kong SAR 145 56 Thrivent Financial for Lutherans United States 143 57 Allstate Insurance Company United States 142 58 Great Eastern Life- Singapore Singapore 140 58 Hanwah Life Insurance Company Republic of Korea 140 60 ING Life Insurance Co (Bermuda) Ltd Hong Kong SAR 133 61 Taiping Life Insurance Company Ltd P. R. China 132 61 Tokio Marine Nichido Anshin Life Ins Japan 132 63 New England Financial United States 130 64 MetLife Mexico Mexico 128 65 Prudential Assurance Malaysia Berhad Malaysia 126 66 PT Prudential Life Assurance Indonesia 125 67 PT.A.J.Sequis Life Indonesia 124 68 Meiji Yasuda Life Insurance Japan 116 68 Prudential Life Ins Co of Taiwan Inc Taiwan R.O.C. 116 70 Nippon Life Insurance Company Japan 115 71 China Life Ins Ltd-China P. R. China 114 72 Mirae Asset Life Insurance Co Ltd Republic of Korea 110 73 Ameritas Life Insurance Co United States 108 74 Knights of Columbus United States 107 75 Manulife Financial-Canada Canada 106 76 Manulife-Philippines Philippines 101 77 Penn Mutual Life United States 100 78 Allianz Life Insurance Malaysia Berhad Malaysia 98 79 PCA Life Insurance Co Ltd Republic of Korea 97 79 TransGlobe Life Ins Inc (Taiwan) Taiwan R.O.C. 97 81 Ameriprise Financial United States 96 81 Pru Life Ins Corp of UK Philippines 96 83 Max Life Insurance Co Ltd India 92 84 State Farm Life United States 90 Page 2 Prepared by Debbie Oprenchak Top 100 Companies by Members as of August 1, 2013 2013 RANK COMPANY NAME COUNTRY MBRS 85 Modern Woodmen of America United States 89 85 Sun Life Hong Kong Limited Hong Kong SAR 89 87 Thai Life Insurance Public Co Ltd Thailand 86 88 Mitsui Sumitomo Aioi Life Ins Co Ltd Japan 77 89 A Plus Asset Advisor Ltd Republic of Korea 73 89 Taikang Life Insurance Company P. R. China 73 91 Prudential do Brasil Seguros de Vida S.A Brazil 72 92 AIA International Assur-Malaysia Malaysia 69 93 Daido Life Insurance Company Japan 67 93 MassMutual Asia Ltd Hong Kong SAR 67 95 EFU Life Assurance Ltd Pakistan 66 96 Insular Life Assurance Co Ltd Philippines 62 96 ING Life Companies-USA United States 62 98 NTUC Income Singapore 59 99 AXA Seguros Mexico 57 99 China Pacific Life Ins Co Ltd-Beijing P. R. China 57 Page 3 Prepared by Debbie Oprenchak.
Recommended publications
  • 2. MS&AD Insurance Group Strategies
    Japan’s Insurance Market 2013 The Toa Reinsurance Company, Limited The Toa Reinsurance Company, Limited Japan’s Insurance Market 2013 Contents Page To Our Clients Tomoatsu Noguchi President and Chief Executive, The Toa Reinsurance Company, Limited 1 1. The Japanese Non-Life Insurance Market Yasuyoshi Karasawa President, Chief Executive Officer, Mitsui Sumitomo Insurance Company, Limited 2 2. Practical Risk Appetite David Simmons Managing Director, Analytics, Willis Re Head of Strategic Capital and Result Management 12 3. Japanese Insurance Company Management and the Introduction of Enterprise Risk Management Systems Nobuyasu Uemura Managing Director, Capitas Consulting Corporation 23 4. Enhancement of Enterprise Risk Management and Emerging Risk for Insurers Koichi Dezuka Executive Director, Ernst & Young ShinNihon LLC 27 5. Trends in Japan’s Non-Life Insurance Industry Underwriting & Planning Department The Toa Reinsurance Company, Limited 32 6. Trends in Japan’s Life Insurance Industry Life Underwriting & Planning Department The Toa Reinsurance Company, Limited 37 Supplemental Data: Results of Japanese major non-life insurance groups (company) for fiscal 2012, ended March 31, 2013 (Non-Consolidated Basis) 44 ©2013 The Toa Reinsurance Company, Limited. All rights reserved. The contents may be reproduced only with the written permission of The Toa Reinsurance Company, Limited. To Our Clients It gives me great pleasure to have the opportunity to welcome you to our brochure, Japan’s Insurance Market 2013. It is encouraging to know that over the years our brochures have been well received even beyond our own industry’s boundaries as a source of useful, up-to-date information about Japan’s insurance market, as well as contributing to a wider interest in and understanding of our domestic market.
    [Show full text]
  • Underwriting Issues and Innovations Seminar
    Underwriting Issues and Innovations Seminar Attendee List by Last Name As of July 12, 2017 Stephen Abrokwah Merly Agellon Geoff Andrews Swiss Re Life & Health America Inc Sun Life Financial Carpe Data Fort Wayne, IN Toronto, ON Santa Barbara, CA David Aronson Thomas Ashley Denise Bates MIB Gen Re Penn Mutual Life Insurance Co Braintree, MA Stamford, CT Horsham, PA Natalie Bergstrom JP Bewley Phillip Beyer AIG Big Cloud Analytics USAA Life Insurance Company Milwaukee, WI Atlanta, GA San Antonio, TX Donnamarie Blake Paul Boudreau Laura Boylan Lexisnexis Risk Solution Munich Re Haven Life Alpharetta, GA Atlanta, GA New York, NY Greg Brandner Colin Bruesewitz Jessica Bublitz Munich Re American Family Insurance Milliman Intelliscript Nashwauk, MN Sun Prairie, WI Brookfield, WI Peggy Buck Marc Cagen Minyu Cao Milliman Intelliscript Fidelity Life Association RGA Brookfield, WI Chicago, IL Chesterfield, MO Eric Carlson Paul Carmody Audrey Chervansky Milliman Inc Pacific Guardian Life Insurance Swiss Re Life & Health America Brookfield, WI Honolulu, HI Armonk, NY Amanda Christensen Juliet Christenson Jennifer Ciollaro Riversource Insurance Royal Neighbors of America Swiss Re Minneapolis, MN Rock Island, IL Fort Wayne, IN Derek Coburn Brian Coens Joanne Collins Unum Clinical Reference Laboratory Stoneriver Worcester, MA Lenexa, KS Waxhaw, NC Chris Connor Sean Conrad Steve Cox Illinois Mutual Life Insurance Hannover Re Oneamerica Financial Partners Company Charlotte, NC Indianapolis, IN Peoria, IL Kathryn Cox Kim Curley Mike Curran RGA Great-West Financial Force Diagnostics, Inc. Chesterfield, MO Greenwood Village, CO Bannockburn, IL Bruce Dahlquist Donna Daniells Ben Davidson Clinical Reference Laboratory AXA US Sagicor Life Insurance Lenexa, KS Charlotte, NC Scottsdale, AZ Jim Davis Dee Davis Paul Dennee Synodex Swiss Re Trustmark Insurance Co Canton, CT Fort Wayne, IN Lake Forest, IL Tedd Determan Ammon Dixon Cris Downey Force Diagnostics, Inc.
    [Show full text]
  • Annual Report 2018 1 Corporate Profile
    Annual Report Meiji Yasuda Life Insurance Company, 20Year ended March18 31, 2018 Contents Corporate Profi le 2 Individual Administrative Services (Individual Administrative Service Reforms) 36 Meiji Yasuda Philosophy 4 Group Insurance Administrative Services (Group Insurance Administrative Service Reforms) 37 A Message from the President 6 Asset Management (Asset Management Reforms) 38 History of Our Challenges 8 Asset Management Administrative Services (Asset Management Administrative Service Reforms) 39 Value Creation Process at Meiji Yasuda Life 12 Overseas Insurance Business Contributing to the SDGs through Business (Overseas Insurance Business Reforms) 40 Activities 14 Domestic Affi liate Business (Domestic Group Company Management Reforms) 41 Topics Operating Base Reinforcement Strategy Stepping up After-Sales Service Tailored for the Elderly 16 Adopting a More Sophisticated Management Enhancing Our Product Lineup 18 Approach (Governance Reforms) 42 Pursuing Customer-Focused Business Operations 19 Human Resource Management (HR Reforms) 43 Our Support of Meiji Yasuda J. League and General Affairs, Infrastructure Management Other Initiatives to Vitalize Local Communities 20 and Working Environment Development (General Affairs Reforms) 44 Promoting Sustainable Investment and Financing 22 System Development Structure Community Vitalization Initiatives via (System Development Structure Reforms) 45 Partnerships with Local Governments 23 Brand Strategy Initiatives to Realize Improved Work Engagement 24 Solidifying Brand Recognition by Disseminating
    [Show full text]
  • China Landscape: Selections from the Taikang Collection 2019
    China Landscape: Selections from the Taikang Collection 2019 March 21 – May 5, 2019 Opening Reception: March 21, Thursday, 4:00pm Producer: Taikang Insurance Group General Organizer: Chen Dongsheng General Coordinator: Ying Weiwei Curator: Tang Xin Artists: Ai Xuan, Ai Zhongxin, Cai Guo-Qiang, Chen Ren, Chen Shaoxiong, Chen Yifei, Chen Zhen, Ding Fang, Ding Yi, Fang Lijun, Gao Weigang, Hu Xiangqian, Jiang Zhaohe, Jiang Zhuyun, Jin Shangyi, Li Yo u son g , Liu Chuang, Liu Kaiqu, Liu Wei, Liu Wei, Liu Xiaodong, Liu Xinyi, Liu Ye, Luo Zhongli, Ma Qiusha, Mao Xuhui, Nabuqi, Qiu Xiaofei, Shang Yang, Shen Yaoyi, Shi Chong, Su Tianci, Sui Jianguo, Wang Guangle, Wang Guangyi, Wang Sishun, Wang Yuyang, Wu Dayu, Wu Guanzhong, Wu Zuoren, Xie Molin, Xu Bing, Xu Wenkai (aaajiao), Yang Jiechang, Yao Qingmei, Yuan Qingyi, Yu Yo uha n , Zeng Fanzhi, Zhang Peili, Zhang Wenyuan, Zhang Xiaogang, Zhao Bandi, Zhao Zhao, PSFO, Zhou Chunya Address: No.A07, 798 Art Zone No.2 Jiuxianqiao Rd, Chaoyang District, Beijing, CHINA Open Hours: 11:00 - 17:00 Monday to Sunday About the Exhibition Taikang Insurance Group will present “China Landscape: Selections from the Taikang Collection 2019” from 21st March to 5th May 2019 at No.A07, 798 Art Zone. The exhibition is the third time we show Taikang Collection publicly, following its inaugural presentation at the National Art Museum of China in 2011 and the Wanlin Art Museum of Wuhan University in 2015. Warming up the inauguration of Taikang Art Museum, Chen Dongsheng, Chairman of the Board and Chief executive Officer of Taikang Insurance Group, plays the leading role of the general organizer of the exhibition, while Ying Weiwei, Secretary of The Board, Assistant President of Taikang Insurance Group plays the role of the general coordinator.
    [Show full text]
  • Qdiis(June02,2021)
    Qualified Domestic Institutional Investors(QDIIs) with Investment Quotas Granted by the SAFE By June 2, 2021 Unit: 100 million USD No. Name of QDII Latest Approval Date Investment 1 Bank of China, Ltd. (BOC Wealth Management Co.,Ltd) 2021.03.18 Quota30.00 Industrial and Commercial Bank of China Limited (ICBC 2 2021.03.18 28.00 Wealth Management Co.,Ltd) 3 Bank of East Asia (China), Ltd. 2020.11.04 3.00 Bank of Communications Co., Ltd.(BOCOM Wealth 4 2020.04.10 5.00 Management Co.,Ltd) China Construction Bank Corporation (CCB Wealth 5 2020.06.01 5.00 Management Co.,Ltd) 6 HSBC Bank (China) Company, Ltd. 2021.06.01 44.00 China Merchants Bank Co., Ltd. (CMB Wealth Management 7 2021.03.18 23.00 Co.,Ltd) 8 China Citic Bank 2006.09.18 1.00 9 Hang Seng Bank (China) Company, Ltd. 2021.06.01 2.50 10 Citibank (China) Co., Ltd. 2021.01.06 35.00 11 Industrial Bank (IB Wealth Management Co.,Ltd) 2021.05.18 6.00 12 Standard Chartered Bank (China), Ltd. 2021.06.01 28.00 13 Minsheng Bank 2006.11.08 1.00 China Everbright Bank (China Everbright Wealth 14 2021.01.06 2.00 Management Co.,Ltd) 15 Bank of Beijing 2006.12.11 0.50 16 Bank of China (Hong Kong), Ltd. Branches in Mainland 2007.01.11 0.30 17 Credit Suisse Shanghai Branch 2007.01.30 0.30 18 Agricultural Bank of China(ABC Wealth Management Co.,Ltd) 2020.10.09 2.00 19 Nanyang Commercial Bank (China) Co., Ltd.
    [Show full text]
  • Life Business
    61 LIFE BUSINESS THE MALAYSIAN INSURANCE DIRECTORY | 36TH ISSUE 62 AIA Bhd. Date of Incorporation : 4 October 2007 Capital: Authorised : Not Applicable Paid-up : RM 1,450,890,000 Financial Year End : 30 November Major Shareholders/ Ownership : AIA Company Limited: 31.5% Premium Policy Bhd. (under Members’ Voluntary Liquidation Process) 68.5% Classes Written : - Group Life - Healthcare - Individual Life Head Office Address : Menara AIA, 99 Jalan Ampang 50450 Kuala Lumpur Telephone Number : 03-2056 1111 Facsimile Number : 03-2056 1291 E-mail : [email protected] Website : www.aia.com.my Board of Directors : Ching Yew Chye @ Chng Yew Chye Independent Non-Executive Director (Chairman) Mohd Daruis Bin Zainuddin Independent Non-Executive Director Dr. Chong Su-Lin Independent Non-Executive Director Anusha a/p Thavarajah Executive Director/ Chief Executive Officer Shulamite N K Khoo Non Independent Non-Executive Director Chief Executive Officer : Anusha Thavarajah THE MALAYSIAN INSURANCE DIRECTORY | 36TH ISSUE 63 Management Team Chief Executive Officer : Anusha Thavarajah Chief Agency Distribution Officer : Leong Chee Soong Chief Partnership Distribution Officer: Serrina Foo Chief Corporate Solutions Officer : Sainthan Satyamoorthy Chief Officer, AIA Health Services : Choy Shook Yee Sdn.Bhd. Chief Financial Officer : Andrew Loh Chief Human Resources Officer : Thomas Wong Chief Marketing Officer : Heng Zee Wang Chief Customer Experience Officer : Ng Jit Seng General Counsel : Datin S. Veronica CEO, AIA Public Takaful Bhd. : Elmie Aman Najas
    [Show full text]
  • Stock Code : 2628 CONTENTS 01 Prelude Core Competitiveness 2 Honors and Awards 3 Business Highlights 5 Financial Summary 6
    Stock Code : 2628 CONTENTS 01 Prelude Core Competitiveness 2 Honors and Awards 3 Business Highlights 5 Financial Summary 6 The Company is a life insurance company established in Beijing, China on 30 June 2003 according to 02 the Company Law and the Insurance Law of the People’s Republic of China. The Company was Chairman’s Statement 10 successfully listed on the New York Stock Exchange, the Hong Kong Stock Exchange and the Shanghai Stock Exchange on 17 and 18 December 2003, and 9 January 2007, respectively. The Company’s registered capital is RMB28,264,705,000. 03 The Company is a leading life insurance company in China and possesses an extensive distribution network comprising exclusive agents, direct sales Management representatives, and dedicated and non-dedicated Discussion and Analysis agencies. The Company is one of the largest Review of Business Operations 14 institutional investors in China, and becomes one of in 2020 the largest insurance asset management companies in China through its controlling shareholding in China Business Analysis 18 Life Asset Management Company Limited. The Company also has controlling shareholding in China Analysis of Specific Items 27 Life Pension Company Limited. Technology Empowerment and 30 Operations and Services Our products and services include individual life insurance, group life insurance, and accident and Performance of the Corporate 32 health insurance. The Company is a leading provider Social Responsibility of individual and group life insurance, annuity products Future Prospect 32 and accident and health insurance in China. As at 31 December 2020, the Company had approximately 317 million long-term individual and group life insurance policies, annuity contracts, and long-term health insurance policies in force.
    [Show full text]
  • For Insurance and Takaful Industry
    1 8 10 11 14 22 77 84 88 ANNUAL REPORT 2019 1 2019 LIFE INSURANCE INDUSTRy’s HigHLIGHTS INCREASED BY INCREASED BY INCREASED BY 14.19% 6.22% 6.91% NEW BUsiness – NEW BUsiness – NEW BUsiness - TotAL PREMIUMS NUMBER OF POLICIES SUM ASSURED RM11.8 billion 1.31 million RM483.3 billion 2019 2019 2019 RM10.3 billion 1.24 million RM452.1 billion 2018 2018 2018 INCREASED BY INCREASED BY INCREASED BY 7.39% 0.60% 7.83% NUMBER OF POLICIES IN IN FORCE PREMIUMS FORCE SUM ASSURED IN FORCE RM36.9 billion 12.74 million RM1.63 trillion 2019 2019 2019 RM34.4 billion 12.67 million RM1.51 trillion 2018 2018 2018 CLAIMS PAYOUT INCREASED BY NUMBER OF NUMBER OF BANK StAFF AGENTS SELLING LIFE INSURANCE RM11.9 billion 2019 10.19% 75,999 17,809 2019 2019 RM10.8 billion 2018 75,707 17,002 2018 2018 NUMBER OF NUMBER OF AGENTS BY EDUCATION LEVEL 2019 AGENTS BY GENDER 2019 Primary LCE/SRP MCE/SPM 37,863 Male 164 1,178 39,520 HSC/STPM College/University 38,136 Visit our website for Female 2,281 32,316 more information http://www.liam.org.my/ 2 LIFE INSURANCE ASSOCIATION OF MALAYSIA Loh Guat Lan President ANNUAL REPORT 2019 3 PRESIDENT’S MESSAGE On behalf of the LIAM New business sum assured expanded by 6.91% to RM483.4 billion in 2019 Management Committee, The total in force compared to RM452.1 billion in 2018. it gives me great pleasure premiums rose by to present the Annual 7.39% to reach RM37 The total in force premiums rose by Report for Life Insurance billion from RM34.4 7.39% to reach RM37 billion from Association of Malaysia billion in 2018.
    [Show full text]
  • Business Activities
    Business Activities Individual Insurance Marketing General Agent Marketing We are drastically reforming our sales personnel channel With regard to OTC sales at banks and other fi nancial as part of our initiatives to thoroughly enhance customer institutions, we launched individual annuity insurance satisfaction. in April 2008, and single premium increasing whole life More specifi cally, in April 2008, we adopted the "Ease insurance products (nursing care type)—the fi rst nursing of Mind Service Program" to standardize the frequency of care assurance products designed in response to the policyholder visits and service level in order to enhance total removal of the ban on insurance sales by banks and communications with customers and make customer other fi nancial institutions—in August 2008. The launching services more consistent. We also introduced a "Company of single premium individual annuity insurance in March Training Authorization System" for all sales personnel to 2009 further strengthened our product line-up. reinforce education and training, and regularly confi rm At the beginning of fi scal 2008, we reorganized our their knowledge and skill levels. As these programs marketing organization into three marketing departments gained momentum, we started calling our sales personnel depending on the type of fi nancial institution we "MY Life Plan Advisors" from November. Premised on collaborate with, thus strengthening our support for sales their implementation of "Ease of Mind Service Activities" activity in such institutions. and their acquisition of knowledge and skills, we We continue to enhance new partnership agreements endeavored to stabilize our treatment of sales personnel. with corporate agencies and tax accountant agencies, we We also altered the focus of our operations management have also strengthened our sales support by reinforcing at regional offi ces and agency offi ces to emphasize training for agencies.
    [Show full text]
  • 2011-2012 HR Service Delivery and Technology Research Report
    Keep Your Eye on the Prize An ERM Update on the Global Insurance Industry April 2013 2012 Global Insurance ERM Survey Report Since our 2010 survey, Financial Crisis Puts the Spotlight on ERM, insurers have endured volatile investment markets, persistently low interest rates, and a number of major natural and man-made catastrophes. Meanwhile, insurance regulations around the world are undergoing significant change, adding to the uncertainty and in some regions drawing materially on resources, with unclear tangible benefits to the business. As insurers set priorities for 2013 and beyond, there is a need to focus on those aspects of enterprise risk management (ERM) that will truly add value to your business, and to “Keep Your Eye on the Prize” — the theme we have chosen for our 2012 Global Insurance ERM Survey. Keep Your Eye on the Prize An ERM Update on the Global Insurance Industry Table of Contents Executive Summary 2 Introduction 4 Seven Major Findings 6 Finding One: Insurers see the value in ERM 6 Figure 1: How ERM is expected to enhance business performance 7 Finding Two: The business impact of ERM continues to grow, albeit slowly 7 Figure 2: Business changes resulting from insurers’ ERM programs 7 Finding Three: Those that stay the course reap the rewards 8 Figure 3: Making progress with ERM enhances business performance 8 Finding Four: Risk culture is critical to long-term ERM success 9 Figure 4: Risk culture’s importance in the end-state vision of ERM 9 Finding Five: Defining risk appetite and monitoring against it are key short-term
    [Show full text]
  • Annual Report 2020 1 Corporate Profile
    Annual Report Meiji Yasuda Life Insurance Company Year ended March 31, 2020 1-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-0005, Japan Phone:+81-3-3283-8293 Fax:+81-3-3215-8123 Contents Value Created by Meiji Yasuda Life 2 Relationship with Stakeholders 85 Corporate Profile ..................................................................... 3 Relationship with Customers Meiji Yasuda Philosophy .......................................................... 4 Initiatives to Ensure the Swift, Accurate Payment Thoughts behind Our Corporate Emblem and Logo................. 6 of Insurance Claims and Benefits ....................................... 86 Meiji Yasuda Life at a Glance ................................................... 6 Initiatives to Promote Customer-Oriented Financial and ESG Highlights ................................................... 8 Business Operations .......................................................... 88 History of Our Challenges ........................................................ 10 Initiatives to Enhance Customer Satisfaction Value Creation Process at Meiji Yasuda Life ............................. 12 with Regard to Sales Personnel ......................................... 89 Contributing to the SDGs through Business Activities .............. 14 Diversifying Our Sales Channels A Message from the President ................................................. 18 while Developing New Markets .......................................... 90 Our Products and Services Aimed at Delivering Our Value Creation Strategies
    [Show full text]
  • 2019 Complaint Ranking Report
    STATE OF CONNECTICUT INSURANCE DEPARTMENT 2018 Complaint Rankings Accident & Health Auto Insurance Andrew N. Mais Insurance Commissioner August 1, 2019 The Connecticut Insurance Department investigates thousands of complaints each year from consumers on all types of insurance policies including health, auto, homeowners, renters and life insurance. Our primary mission is consumer protection and we closely monitor insurance companies to make certain they adhere to state laws and are financially solvent to fulfill their obligations to their policyholders. In 2018, the Department’s Consumer Affairs Unit (CAU) fielded 6,349 complaints and inquiries from consumers. As a result, we were able to recover and return nearly $5.6 million back to consumers who turned to us for help. Those complaints are an important tool in helping us regulate the insurance industry. Our CAU examiners are effective liaisons between policyholders and their insurance companies. They assist consumers by: • Ensuring companies comply with state laws and the terms of the insurance policy • Communicate with a company on a policyholder’s behalf • Correct misunderstandings and provide consumers with information • Work with policyholders proactively before a problem develops In this report, companies that sell Auto and Accident & Health insurance are ranked by the number of complaints reported, whether those complaints were justified or questionable by company, by market share, identified by written or earned premium. A company’s ranking is determined by a “complaint ratio,” which is the total number of complaints divided by the direct premium and multiplied by 1 million. A company with the lowest complaint ratio is ranked No. 1. The types of complaints reviewed for the purposes of this report include claims handling, underwriting, marketing and sales, and policy service.
    [Show full text]