History of Sumitomo Life Group
- 1907
-
- May.
-
- Established Hinode Life Insurance Co., Ltd.
(Foundation of Sumitomo Life)
- Established Hinode Life Insurance Co., Ltd.
- 1926
-
- May.
-
- Name changed to Sumitomo Life Insurance Co., Ltd.
- 1947
-
- Aug.
-
- Established Kokumin Life Insurance Co.
- 1952
-
- Jun.
-
- Name changed to Sumitomo Life Insurance Company.
- 1960
-
- Oct.
-
- Established Sumitomo Life Social Welfare Services Foundation
(currently, Sumitomo Life Welfare and Culture Foundation).
- Established Sumitomo Life Social Welfare Services Foundation
- 1977
-
- Dec.
-
- Started "Sumisei children's drawing contests."
- 1985
-
- Jun.
-
- Established Sumitomo Life Health Foundation.
- 1986
-
- Feb.
-
- Started to distribute "Sumisei Anshin Dayori" (newsletters for
customers).
- Started to distribute "Sumisei Anshin Dayori" (newsletters for
- Apr.
-
- Started to host annual "Charity Concerts throughout Japan."
- 1990
-
- Apr.
-
- Opened "Izumi Hall" (currently, Sumitomolife Izumi Hall).
- Oct.
-
- Started to run "Sosaku Yojijukugo campaign to create four-character new idioms in kanji."
- 2001
-
- Apr.
-
- Launched an insurance product "LIVE ONE."
- Jul.
-
- Completed the head office building.
- Oct.
-
- Eight life insurance companies established a corporate pension
service agency, Japan Pension Service Co., Ltd.
- Eight life insurance companies established a corporate pension
- 2002
-
- Oct.
-
- Started to sell annuity products at bank counters.
- Dec.
-
- Sumitomo Mitsui Asset Management Co., Ltd. (currently, Sumitomo
Mitsui DS Asset Management Co., Ltd.) started operations.
- Sumitomo Mitsui Asset Management Co., Ltd. (currently, Sumitomo
- 2003
-
- Sep.
-
- Launched an insurance product "Q Pack."
- 2004
-
- Oct.
-
- Formed a business alliance with ALICO Japan (currently, MetLife, Inc.).
- 2005
-
- Apr.
-
- Launched an insurance product "Sumisei Senkyakubanrai."
- Nov.
-
- Jointly established PICC Life Insurance Co., Ltd. with The
People's Insurance Co. (Group) of China Ltd.
- Jointly established PICC Life Insurance Co., Ltd. with The
- 2006
-
- Apr.
-
- Launched the "designated proxy claim rider."
- Jul.
-
- Established the "Council for Insurance Payment" consisting of
external experts.
- Established the "Council for Insurance Payment" consisting of
- Sep.
-
- Started the Sumisei Direct Service.
- 2007
-
- Jan.
-
- Opened a "consultation window" and "a free consultation system
by external lawyers" for the payments of insurance claims, etc.
- Opened a "consultation window" and "a free consultation system
- May.
-
- 100th anniversary of foundation.
Started the "Child Rearing for a Bright Future Project" (currently,
the "Child Raising Project to Empower the Future").
- 100th anniversary of foundation.
- Nov.
-
- Launched the "long-term cancer support rider."
- 2008
-
- Mar.
-
- Established the "Customer Satisfaction Enhancement Advisors
Meeting" consisting of experts outside the company.
- Established the "Customer Satisfaction Enhancement Advisors
- 2009
-
- Jan.
-
- Launched the "hospitalization coverage enhancement rider."
- Oct.
-
- Started the full-scale sale of non-life insurance products of Mitsui
Sumitomo Insurance Company for individual and corporate
customers. - Consolidated subsidiaries involved in insurance agency business
and renamed to Izumi Life Designers Co., Ltd.
- Started the full-scale sale of non-life insurance products of Mitsui
- 2010
-
- Apr.
-
- Medicare Life Insurance Co., Ltd. started operations as a life
insurance subsidiary.
- Medicare Life Insurance Co., Ltd. started operations as a life
- Oct.
-
- Disclosed Embedded Value.
- 2011
-
- Mar.
-
- Started a brand strategy.
- Deployed a new corporate brand.
- Started "Sumisei Future Support Activities."
- 2012
-
- Mar.
-
- Enhanced the "Sumisei Future Support Activities."
- Dec.
-
- Formed a strategic business alliance with Baoviet Holdings
(Vietnam).
- Formed a strategic business alliance with Baoviet Holdings
- 2013
-
- Mar.
-
- Launched insurance products "Cancer PLUS," "Kyu-Q-Tai GO," and
"Doctor GO," and started the "Sumisei Second Opinion Service"
(currently, Sumisei Medical Navigation).
- Launched insurance products "Cancer PLUS," "Kyu-Q-Tai GO," and
- Aug.
-
- Launched an insurance product "Value Care," and started the
"Sumisei Care Advice Service."
- Launched an insurance product "Value Care," and started the
- Dec.
-
- Formed a strategic business alliance with PT Bank Negara
Indonesia (Persero) Tbk and PT BNI Insurance. - Launched "Tanoshimi Wonderful," and "Tanoshimi Mirai."
- Formed a strategic business alliance with PT Bank Negara
- 2014
-
- Mar.
-
- Started the "Sumisei After School Project."
- Jun.
-
- Started the direct payment service of advanced medical treatment
benefits to medical institutions. - Acquired full ownership of Medicare Life Insurance Co., Ltd.
- Started the direct payment service of advanced medical treatment
- Sep.
-
- Opened "Sumisei Health Consultation Dial."
- Started "YOUNG JAPAN ACTION: Mao Asada × Sumitomo Life"
- 2015
-
- Jul.
-
- Transitioned to a Company with Three Committees.
- Sep.
-
- Launched an insurance product "1-UP."
- 2016
-
- Feb.
-
- Acquired full ownership of Symetra Financial Corporation, a
U.S. life insurance group.
- Acquired full ownership of Symetra Financial Corporation, a
- Jul.
-
- Started the "Japan Vitality Project."
- Oct.
-
- Formed a business alliance with NN Life Insurance Company.
- 2017
-
- Mar.
-
- Launched an insurance product "Prime Fit."
- May.
-
- Started "Sumisei Vitality Action," a social contribution program,
commemorating the 110th anniversary of foundation of
Sumitomo Life.
- Started "Sumisei Vitality Action," a social contribution program,
- Jul.
-
- Acquired INSURANCE DESIGN as a subsidiary.
- 2018
-
- Apr.
-
- Established "Sumitomo Life Digital Innovation Labs."
- Jul.
-
- Launched an insurance product "SUMITOMO LIFE Vitality."
- Oct.
-
- Formed a business alliance with Sony Life Insurance Co., Ltd.
- Nov.
-
- Formed a business alliance with AXA Life Insurance Co., Ltd.
- Co-founded "Well Aging Co-creation Lab" with AXA Life Insurance
Co., Ltd.
- 2019
-
- Apr.
-
- Held the first "parkrun event" in Japan.
- Jun.
-
- Invested in Singapore Life Pte. Ltd. (Singlife).
- Aug.
-
- Acquired AIARU Small Amount & Short Term Insurance Co.,
Ltd. as a subsidiary.
- Acquired AIARU Small Amount & Short Term Insurance Co.,
- Oct.
-
- Started to develop "Sumitomo Life Vitality Plaza outlets."
- Launched "Well Aging Support - ASUNOEGAO"
- 2020
-
- Mar.
-
- Launched an insurance product "Dementia PLUS."
- Nov.
-
- Established "SUMISEI INNOVATION FUND."
- 2021
-
- Jan.
-
- Started the web-based application service for payment claims.
- Mar.
-
- Launched an insurance product "Cancer PLUS ALIVE."
- Apr.
-
- Set reduction targets toward net-zero greenhouse gas emissions.
- 2022
-
- Mar.
-
- "SUMITOMO LIFE Vitality" topped one million enrollments.
- May.
-
- Launched "Sumisei Dementia Insurance."
- Formulated the Sustainability Management Policy.
- 2023
-
- Feb.
-
- Tokyo Head Office relocated to Tokyo Midtown Yaesu.
- Mar.
-
- Formulated "Sumitomo Life Group Vision 2030."
- Apr.
-
- Sumitomo Life Group set GHG emissions reduction targets.
- Oct.
-
- Launched "Vitality Smart"
- Dec.
-
- Formed business alliance with Sumitomo Mitsui Card in the healthcare field
- Made PREVENT a part of Sumitomo Life Group
- 2024
-
- Mar.
-
- Acquired full ownership of Singlife
- Jun.
-
- Launch of "Vitality Employee Benefit Type"
- Sep.
-
- Launch of "Three Major Diseases PLUS ALIVE"
- 2025
-
- Jan.
-
- "SUMITOMO LIFE Vitality" topped two million enrollments