Asian Shares End Lower; Financials Fall In Tokyo After Moody's Japan Downgrade - Asian stock markets

Dai-ichi Life Insurance! : Asian Shares End Lower; Financials Fall In Tokyo After Moody's Japan Downgrade - Asian stock markets

Asian stock markets declined Wednesday after struggling to hold their early gains, with investor tolerance for risk assets evaporating after Moody's downgrade of Japan's credit ratings brought back worries related to sovereign debt and the global economic outlook.

Financial stocks lost ground in Tokyo, while the Hong Kong market was pulled lower as China Life Insurance fell sharply after reporting downbeat earnings. The performance in Tokyo came as Moody's cut the nation's debt ratings by one notch to AA3 from AA2 with a stable outlook, citing wide budget deficits and burgeoning debt since 2009. Read More

Valuations are compelling at this point in time: Star Union Dai-ichi - AVP–Investments & Head of Research, Star Union Dai-ichi Life Insurance Company Ltd QE3, FMCG

Valuations are compelling at this point in time: Star Union Dai-ichi - AVP–Investments & Head of Research, Star Union Dai-ichi Life Insurance Company Ltd QE3, FMCG

Valuations are compelling at this point in time: Star Union Dai-ichi - AVP–Investments & Head of Research, Star Union Dai-ichi Life Insurance Company Ltd: The markets are in a corrective mode certainly and further course of the market as of now is not known because of certain events which are going to come like QE3, as we are all talking about. But the markets at this point in time have corrected fairly to a level that the valuations are pretty cheap and any further corrections from this point in time should be a good opportunity for accumulating stock from medium to long term gains.Read More

The Dai-ichi Life Insurance Company, Limited. - Strategy and SWOT Report - new company profile

The Dai-ichi Life Insurance Company, Limited. - Strategy and SWOT Report - new company profile

The Dai-ichi Life Insurance Company, Limited. - Strategy and SWOT Report - new company profile: The The Dai-ichi Life Insurance Company, Limited.'s SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360° view of the company. BQFJM5J85KWK Read More

Dai-ichi Mutual Life Insurance Co. on Friday announced the plan to acquire Vietnam’s Bao Minh CMG.

Dai-ichi Mutual Life Insurance Co. on Friday announced the plan to acquire Vietnam’s Bao Minh CMG.

Market analysts said this is one of the largest acquisitions that Japanese companies have made in recent years, and the first acquisition oversea of Japanese company in 2007.

Bao Minh CMG, the fifth largest life insurer in Vietnam, is a, equally-shared joint-venture between Vietnam’s Bao Minh insurance company and the CMG of the Australia’s Commonwealth Bank Group. The joint-venture was established in 1999.

Dai-ichi Mutual Life Insurance, established in 1902, is the oldest mutual insurer in Japan and the second largest life insurer in Japan (only after the Nippon Insurance) with total assets over $276 billion in 2006.

An internal source said the Dai-ichi will rename Bao Minh CMG to Dai-ichi Mutual Life Insurance Vietnam. The terms and condition of the deal have not been disclosed.

However, the acquisition will have to wait for approval from the Vietnam’s Ministry of Finance. Read More

Dai-Ichi Insurance Company Buys Bao Minh Cmg

Dai-Ichi Insurance Company Buys Bao Minh Cmg

JAPANESE INSURER TO BUY VIETNAM'S BAO MINH CMG

HANOI, Jan 15 Asia Pulse - The Dai-ichi Mutual Life Insurance Company (Dai-ichi Life) plans to purchase Bao Minh CMG Life Insurance Company (Bao Minh CMG), a move which has been approved in principle by the Finance Ministry.

This is the first Japanese life insurance company to begin operation in Vietnam and is the first full-scale mergers and acquisition (M&A) transaction in the Vietnam financial sector.

Bao Minh CMG, the fifth largest life insurance company in terms of gross premium income in Vietnam, was established in 1999 by a 50/50 joint-venture of the major Australian life insurance company, Colonial Mutual Life Assurance Society Limited and the joint-stock Bao Minh Insurance Corporation.

Bao Minh CMG will be changed into the Dai-ichi Life Insurance Company of Vietnam (Dai-ichi Life Vietnam) after the acquisition.

Despite the change of the name and the ownership of the company, all the rights and obligations of customers under all existing insurance contracts remain unchanged until the expiration of the contracts, according to press releases issued by Bao Minh CMG and Dai-ichi Life.... Read More

Dai Ichi Mutual Life Insurance 1133 Avenue of the Americas # 28 New York, NY 10036-6710

Dai Ichi Mutual Life Insurance 1133 Avenue of the Americas # 28 New York, NY 10036-6710

About Dai Ichi Mutual Life Insurance

Dai Ichi Mutual Life Insurance in New York, NY is a private company categorized under Insurance. Current estimates show this company has an annual revenue of $2.5 to 5 million and employs a staff of approximately 20 to 49. Companies like Dai Ichi Mutual Life Insurance usually offer: Comprehensive Auto Insurance, Full Coverage Auto Insurance, Liability Auto Insurance, House Insurance and Cheap Car Insurance.

Business Categories

Insurance in New York, NY

Insurance Agencies & Brokerages

View newly formed U.S. businesses

Company Contacts

Toshiya Kanane, President

Akira Noguchi, Chairman

Hideki Soraoka, Senior Vice President

Dai Ichi Mutual Life Insurance Business Information

Location Type	:Single Location
Annual Sales (Estimated)	:$2.5 to 5 million
Employees (Estimated)	:20 to 49
SIC Code	:641112, Insurance
NAICS Code	:524210, Insurance Agencies & Brokerages
Products, Services and Brands	:Information not found

Dai-ichi Mutual Life: Japan's Dai-ichi Mutual Life IPO to be biggest since Visa

Dai-ichi Mutual Life: Japan's Dai-ichi Mutual Life IPO to be biggest since Visa

Japan's Dai-ichi Mutual Life Insurance Co. is headed for a market capitalisation of 15.5 billion US dollars after its April 1 initial public offering, the world's biggest since Visa's in 2008.

Japan's second-biggest life insurer will be listed at the start of next month as it will be demutualised to become a joint stock company.

Facing a declining home market due to Japan's ageing and shrinking population, the company is raising funds for expansion, including in emerging Asian markets such as India, Thailand and Vietnam.

The Tokyo-based company on Tuesday set the offering price at 140,000 yen (1,550 US dollars), the middle of its previously announced tentative price range, for the 10 million shares, for a total of 1.4 trillion yen.

Of these, about 7.2 million shares will be released to retail investors, raising 1.01 trillion yen, or 11 billion US dollars, with some five million shares sold domestically and over two million overseas, the company said.

The remainder will be allotted to existing Dai-ichi policy-holders.

The IPO is set to be the world's largest since Visa's 19.7-billion-dollar offering in March 2008.

It will be Japan's biggest in more than a decade, since Nippon Telephone and Telegraph released shares in its mobile phone operator NTT DoCoMo in 1998, which came to 2.1 trillion yen.

Dai-ichi Mutual has decided to list the company, which is currently a mutual corporation owned by its eight million customers, so that it will be able to secure funds for investment in domestic and overseas operations.

"With funds obtained through the market, Dai-ichi can strengthen its health and pension insurance businesses," said Masahiko Miwa, analyst at Moody's Japan. "It will also be able to expand its business overseas. If Dai-ichi succeeds in taking advantage of the listing, its rivals may follow suit."

The looming IPO has already created ripples at the Tokyo Stock Exchange, said Hirokazu Fujiki, analyst at Okasan Securities.

"Some investors have started selling their own shares to cash in for planned purchases of Dai-ichi, which may send overall prices down temporarily," he said. "But in the long run, the listing is expected to activate Japan's equity market and will have a positive impact on the entire Japanese economy."

Mizuho Securities, Merrill Lynch Japan and Nomura Securities are the lead underwriters for the IPO in Japan.

Mizuho Financial Group Inc. would acquire a 5.6 percent stake in Dai-ichi, Sompo Japan Insurance Inc. 4.0 percent and the Bank of Tokyo-Mitsubishi UFJ 2.2 percent, Kyodo News reported earlier.

The joint lead managers overseas are Merrill Lynch International, Mizuho International, Nomura International and Goldman Sachs International, said Dow Jones Newswires. Read More

Dai-ichi Mutual Life: The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社 Dai-ichi Seimei Hoken Kabushiki-kaisha)

Dai-ichi Mutual Life: The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社 Dai-ichi Seimei Hoken Kabushiki-kaisha)

The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社 Dai-ichi Seimei Hoken Kabushiki-kaisha?), or Dai-ichi Life for short, is the third largest life insurer in Japan measured by revenue, only behind Japan Post Insurance and Nippon Life Insurance.

Founded on September 15, 1902, Dai-Ichi was the oldest mutual insurance company in Japan until a motion to demutualise was passed in 2009 and, on April 1, 2010, it listed on the Tokyo Stock Exchange Nikkei, raising 1.01 trillion yen. As a result of its listing, Dai-Ichi replaced Nippon Telegraph and Telephone Corporation (NTT) as Japan’s most widely held stock.

Key facts

• Total assets - $276,552 million USD
• Policy reserves - $227,524 million USD
• Total capital - $21,425 million USD
• Solvency margin ratio - 1,095.5%
• Policies in force - $2,085 billion USD
• Policyholders - 8,646,469

History

• 1938 - head office is moved to its current Tokyo location.
• 1975 - first overseas representative office is established in New York City.
• 1982 - first European representative office is established in London.
• 1990 - investment in Lincoln National Life Insurance Company marks the first time a Japanese company has participated in capitalizing a leading U.S. insurer.
• 1993 - completion of the DN Tower 21, a new head office building.
• 1995 - Great Hanshin earthquake: simplification of claims settlement procedures.
• 1996 - establishment of the Dai-ichi Property and Casualty Insurance Co., Ltd.
• 1997 - establishment of Dai-ichi Life Research Institute Inc.
• 1999 - agreement on total business cooperation with the Industrial Bank of Japan (now Mizuho Financial Group.)
• 2000 - agreement to form a comprehensive business alliance with Sompo Japan Insurance and Aflac.
• 2002 - celebration of its 100th Anniversary.
• 2010 - Demutualization and stock listing on the Tokyo Stock Exchange

Dai-ichi Life Insurance Company, Limited Company Profile | Dai-ichi Life Insurance

Dai-ichi Life Insurance Company, Limited Company Profile | Dai-ichi Life Insurance

Trying its best to live up to its name (Dai-ichi means "first"), Dai-ichi Life Insurance Company is one of Japan's top insurers. The firm sells individual and group life insurance, annuities, and supplemental medical coverage, as well as individual and group pension products. Dai-ichi Life also provides nonlife insurance products through its partnership with Sompo Japan Insurance, as well as cancer insurance through a partnership with Aflac. Other services include asset management and risk management. Dai-ichi Life sells its products through thousands of sales representatives it calls "Total Life Plan Designers."

Contact Information

Address: 13-1, Yurakucho 1-chome, Chiyoda-ku

Tokyo 100-8411, Japan

Phone: +81-3-3216-1211

Fax: +81-3-5221-4360

Financial Highlights

Fiscal Year End: March

Revenue (2009): 53710.50 M

Revenue Growth (1 yr): 1.70%

Employees (2009): 54,276

Employee Growth (1 yr): 3.00%

Key People

• Chairman: Tomijiro Morita

• President and Board Member: Katsutoshi Saito

Industry Information

Sector: Financial

Industry: Life Insurance

Top Competitors

• Meiji Yasuda Life Insurance Company

• Nippon Life Insurance Company

• Sumitomo Life Insurance Company

What Is Dai ichi Mutual Life Insurance – Definition

Dai ichi Mutual Life Insurance (Dai ichi Seimei Hoken Sōgo gaisha) was founded on September 15, 1902, by Tsuneta Yano, and it is the oldest mutual insurance company in Japan. It took its name from the Dai ichi Bank Ltd. that had been established in June 1873, the first banking institution established in Japan (when it was called the First National Bank). In 1896 it became a joint stock commercial bank as the Dai ichi Bank; the insurance company was established six years later when Tsuneta Yano published a small booklet entitled Characteristics of My Company. The company prospered and in 1938 moved its headquarters to its current location in Chiyoda, the business district of Tokyo. In 1945, its headquarters became the General Headquarters of the Allied Powers under General Douglas MacArthur. Later Dai ichi built a new 20 story building for the company’s policy service department and computer systems section.

During the 1960s, Dai ichi Mutual Life Insurance Company started to expand into other parts of Asia, but faced problems in some areas owing to the lingering resentment toward the Japanese in parts of the region they had occupied during World War II. This led Dai ichi to join the Foundation for the Advancement of Life Insurance Around the World (FALIA) in 1970. Five years later, the company established its first overseas office in New York City, initially to help staff study how the U.S. insurance market works, and later to help with the promotion of business in the United States. Seven years later it opened an office in London. The company continued to prosper and in 1990 invested in the Lincoln National Life Insurance Company, the first time a Japanese company had provided capital for a leading U.S. insurance company. Three years later, in 1993, the company finished its DN Tower 21 as its new head office.

The Great Hanshin (or Kobe) earthquake on January 17, 1995, listed in the Guinness Book of Records as the costliest natural disaster to befall any one country, resulted in such a vast number of claims that this led to the simplification of the entire claims settlement procedures, and in the following year the company set up a subsidiary, the Dai ichi Property and Casualty Insurance Co. Ltd., and in 1997 the Daiichi Life Research Institute, Inc. After years of competition, in 1999 the company agreed on business cooperation with the Industrial Bank of Japan (now the Mizuho Financial Group), and in 2000, there was an agreement to form a business alliance with the Sompo Japan Insurance and with Aflac.

In 2001 Dai ichi won the Japan Quality Award, being the first company from the financial and insurance industry to get this award. In recent years the company has continued to expand, and in 2007 it bought Bao Minh CMG and started trading in Vietnam as Dai ichi Life Insurance Company of Vietnam, Ltd. The Daiichi Mutual Life Insurance Company employs about 54,400 people (2005), with total capital of $21,425 million (2006) and total assets of $276,552 million (2006). It now has about 8.65 million policy holders.

the science of figuring out whats missing

These days, companies are collecting huge volumes of data about customers, products, employees, and services. One of the big challenges is storing and trackiing it in superior ways so they can do business effectively and comply with regulations. Our IBM Research scientists in Japan, New York, Zurich and elsewhere are working hard to produce major advances in this area, which we call managing business integrity.

An important piece of the puzzle is just now coming out of our Tokyo lab. Working on behalf of Japanese insurance giant Dai-ichi Life, IBM researchers have produced a new semantic analysis tool that the insurance company expects will save it millions of dollars per year by improving its ability to diagnose and fix problems that emerge in its business processes, such as processing claims. It’s a so-called First-of-a-Kind project where researchers accelerate the development of technology by working closely with a client on its real-world problems.

The insurance company converted from paper-based claims processing to a digital system, but couldn’t gather sufficiently detailed information about the actions taken at each stage of the process. When each employee involved in the process completes their discrete task and passes the claim on to the next person in the workflow, the actions they take are recorded as event logs. But the workflow system does not record complete information in the logs, making it harder to resolve quality and efficiency issues. “Invisibility was the problem,” says Satoshi Hada, one of the lead researchers on the project.

IBM scientists developed a new software technology that uses semantic analysis to make it easier for Dai-ichi Life to get a clear view of what’s was going on inside its claims processes. By examining event logs from earlier and later points in the processes, the system can figure out what action was taken at a particular step, making it possible to spot the root causes of problems and fix them.

The project was started just over a year ago and was completed in March. Now researchers are continuing to develop the semantic analysis technology so it can become an element of IBM’s Insurance Operations of the Future initiative–a complete data management architecture for the insurance industry. The technology has a lot of potential beyond the insurance industry, as well. Wherever data is missing, people will need help finding it.

Dai-ichi Life to take over Tower Australia

Dai-ichi Life, one of Japan’s leading life assurers, is taking control of Tower Australia group, in a Y99.6bn ($1.2bn) deal that reflects the pressure placed on Japanese insurance groups to expand outside the shrinking home market.

Dai-ichi, which already owns 29 per cent of Tower Australia, aims to acquire the remaining shares of the Australian life assurance business and position it as its main platform for expanding in the Asia-Pacific region, the Japanese group said.

The agreed takeover is at a 46 per cent premium to Tower’s one-month average share price, and takes Dai-ichi further toward its effort to build up its overseas operations.

Tower, which is the fourth-largest life assurance company in Australia by market share, will boost Dai-ichi’s net income attributable to overseas businesses from 3 per cent to 9 per cent.

“This will give Dai-ichi a way to participate in the Australian market, where the market for risk insurance products is taking off,” said Jun Shioda, analyst at Daiwa Institute of Research in Tokyo.

Japan is a mature market which has been in decline since peaking in 1996, according to Mr Shioda. The percentage of those aged 65 and over in Japan hit a new high last year at more than 22 per cent of the overall population, according to the Japan Life Insurance Association.

By contrast, the general insurance market in Australia is growing by about 10 per cent per annum, according to estimates by Rice Warner Actuaries and DEXX&R, a research company specialising in pensions and insurance.

Dai-ichi, which initially invested in Tower in 2008, aims to use the Australian group’s management expertise in developing its own overseas businesses, it said.

Tower is a much smaller insurer, with Y7.3bn in net income, compared with Dai-ichi’s Y54.6bn.

But it has a higher return on equity, at 11.4 per cent compared with 7.8 per cent for the Japanese group.

Dai-ichi, which raised $11bn from its initial public offering in April, has accelerated its overseas expansion since 2007, when it acquired a Vietnamese life assurer and took a 26 per cent stake in a joint venture in India.

Since then, it has set up a strategic alliance with Ocean Life in Thailand in 2008 and taken up the 29.7 per cent stake in Tower.

Japanese non-life insurers have been more aggressive in their overseas expansion than life assurers because of their ample capital, said Mr Shioda.

However, life assurance companies are now also expected to expand overseas in the face of a stagnant market for their products at home.

Dai-ichi is targeting overseas life assurance businesses and individual savings product businesses as the most promising growth areas.

Star Union Dai-ichi Life Insurance Co. Ltd

Bank of India and Union Bank of India, two leading Public Sector Banks in India and the Dai-ichi Mutual Life Insurance Company, a leading Japanese Company in the Life Insurance market, have floated a Joint Venture Company, "Star Union Dai-ichi Life Insurance Co. Ltd." for undertaking Life Insurance Business in India.

The Company, has been incorporated / registered with the Registrar of Companies, Maharashtra on 25th September, 2007. The Company has been issued the license for undertaking life insurance business in India by Insurance Regulatory and Development Authority (IRDA) on 26.12.2008. The Company has best insurance, IT, finance and investment resources to ensure that it soon earns a prominent position in insurance sector.

The Company has a capital stake of 51% by BOI, 26% by Dai-ichi Life and 23% by Union Bank. The Company has authorized capital of Rs. 250.00 Crores.

Specialties
Life, Pensions, Health & Group Insurance.

Bank of India, Union Bank of India and Dai-ichi Mutual join hands for Life Insurance Joint Venture

Bank of India (BOI) and Union Bank of India (Union Bank), two leading Public Sector Banks head quartered at Mumbai, and the Dai-ichi Mutual Life Insurance Co. (Dai-ichi Life), a leading Japanese company in the Life Insurance field have joined hands for setting up a Joint Venture Life Insurance Company.

The arrangement was formalized with the signing of an MOU on 21st Dec 2006, among the three partners which envisages, a capital stake of 51% by BOI, 26% by Dai-ichi and 23% by Union Bank.

Dai-ichi Life is a leading player in the world's second largest life insurance market in Japan. It has a century of experience in Life Insurance business. It ranks one among the top players by premium written in the global life insurance industry and No.2 in Japanese market with over US$21 billion of capital base.

Bank of India and Union Bank have a strong network of more than 5000 service outlets which shall provide a sound distribution channel, which is the key to the success of an insurance venture. The 40 million banking customers base of the two banks taken together shall provide much scope of cross selling of insurance products. Additionally the Regional Rural Banks sponsored by the two banks have more than 1400 service outlets to tap the life-insurance business in the rural areas.

Click here for more Insurance News : http://www.banknetindia.com/finance/inews.htm

Dai-ichi Life Insurance Company, Limited

Dai-ichi Life Insurance Company, Limited Ringkasan Perusahaan

Dai-ichi Mutual Life Insurance Company (TYO:8750) is one of Japan's top insurers. The firm sells individual and group life insurance, annuities, and supplemental medical coverage, as well as individual and group pension products. Dai-ichi Life also provides nonlife insurance products through its partnership with Sompo Japan Insurance, as well as cancer insurance through a partnership with Aflac. Other services include asset management and risk management. Dai-ichi Life sells its products through thousands of sales representatives it calls "Total Life Plan Designers."

DATA PERUSAHAAN

	Sektor Utama	Keuangan
	Industri Utama	Banks & Insurance
	Homepage	www.dai-ichi-life.co.jp

Dai-ichi Life Insurance Company, Limited Company Profile

Trying its best to live up to its name (Dai-ichi means "first"), Dai-ichi Life Insurance Company is one of Japan's top insurers. The firm sells individual and group life insurance, annuities, and supplemental medical coverage, as well as individual and group pension products. Dai-ichi Life also provides nonlife insurance products through its partnership with Sompo Japan Insurance, as well as cancer insurance through a partnership with Aflac. Other services include asset management and risk management. Dai-ichi Life sells its products through thousands of sales representatives it calls "Total Life Plan Designers."

Star Union Dai-ichi Life Insurance Company Ltd

India
http://www.staruniondai-ichilife.com/

Website Designing / Web site Maintenance

Our Role(s)

1. Taking the requirements and presenting the client with the complete specifications of the project requirement

2. Assigning of 2 Web Designers and 1 Project Manager

3. Maintaining the website for regular updates

Client's business profile

Bank of India and Union Bank of India, two leading Public Sector Banks in India, and The Dai-ichi Mutual Life Insurance Company, a leading Japanese Company in the Life Insurance market, have floated a Joint Venture Company, "Star Union Dai-ichi Life Insurance Co. Ltd." for undertaking Life Insurance Business in India.

The Company, has been incorporated / registered with the Registrar of Companies, Maharashtra on 25th September, 2007 and will be a Mumbai based Company. The Company’s application for License is under process at an advanced stage with IRDA. The Company is well advanced in preparation for setting up office, putting up the team and other infrastructure.

Dai-ichi Life is a leading player in the Life Insurance Segment in Japan and is one of the Top 10 Life Insurers in the world and the second largest Life Insurance Company in Japan. Established in 1902, it has more than a century of experience in Life Insurance business. It has sound product knowledge, sharp asset management skills, and strong operational capabilities to manage Life Insurance business, which make Dai-ichi Life the best insurance JV partner on the domain side.

Client's Feedback

Short listing of CorpMedia Inc. for development of the website for our company was not difficult as they had a very good clientele base supported with the quality work provided to them in various sectors like website development, development of intranet applications, etc.

The website has shaped very well as per our requirement.

We also, appreciate your quick response time for updating our website on regular basis.

- Sanjay Dhavalikar

Star Union Dai-ichi Life Insurance Company

Dai-ichi Life Insurance Company, Limited

Dai-ichi Life Insurance Company, Limited Rankings

Company Description

Trying its best to live up to its name (Dai-ichi means "first"), Dai-ichi Life Insurance Company is one of Japan's top insurers. The firm sells individual and group life insurance, annuities, and supplemental medical coverage, as well as individual and group pension products. Dai-ichi Life also provides nonlife insurance products through its partnership with Sompo Japan Insurance, as well as cancer insurance through a partnership with Aflac. Other services include asset management and risk management.  

Dai-ichi Life sells its products through thousands of sales representatives it calls "Total Life Plan Designers."

To read the full description: http://www.hoovers.com/marketing/free-trial/100004835-1.html