View source for Japan Post Insurance

{{short description|Japanese life insurance company}}
{{Infobox company
| name = Japan Post Insurance Co., Ltd.
| logo = [[File:Japan_Post_Insurance_Logo.svg|250px|Japan Post Insurance logo]]
| image = Otemachi Place W.jpg
| image_caption = Headquarters in [[Ōtemachi]], [[Chiyoda, Tokyo]]
| type = [[Public company|Public]] [[subsidiary]]
| traded_as = {{TYO|7181}}
| foundation = 2006, or establishment of the Postal Life Insurance Services (Kan'i Hoken/Kampo) in 1916
| founder = Government of [[Prime Minister of Japan|Prime Minister]] [[Junichiro Koizumi]]
| location_city = [[Tokyo]]
| location_country = Japan
| key_people = {{ubl
|Kunio Tanigaki ([[President (corporate title)|president]])
|Toru Onishi (Deputy [[President (corporate title)|president]])
}}
| industry = [[Insurance]]
| revenue = 
| net_income = 
| num_employees = 5,400
| parent = [[Japan Post Holdings]] (64.48%)
| homepage = {{url|http://www.jp-life.japanpost.jp/}}
| footnotes = <ref>{{cite web |url=https://www.jp-life.japanpost.jp/english/aboutus/company/en_abt_cmp_drt.html |title=Directors and Executive Officers |accessdate=2024-01-09}}</ref>
}}

{{nihongo|The '''Japan Post Insurance Company, Ltd.'''|株式会社かんぽ生命保険|[[Kabushiki gaisha]] Kampo Sēmē Hoken|}}, is a Japanese [[life insurer]] that was established on October 1, 2007, with the privatization of {{nihongo|Japan Post Life Insurance|簡易保険|Kan'i Hoken|lit. "Simple Insurance"}}. It is owned by the [[Japan Post Holdings]]. As of 2011, it was the world's fourth largest insurance company as regards net premiums written behind three European insurers and the largest as regards non-banking assets.<ref>{{Cite web |url=http://www.insurancenetworking.com/news/insurance_reinsurance_life_health_property_casualty_am_best-26826-1.html |title=End of 2011 list, A.M. Best |access-date=2013-08-03 |archive-date=2013-06-03 |archive-url=https://web.archive.org/web/20130603065913/http://www.insurancenetworking.com/news/insurance_reinsurance_life_health_property_casualty_am_best-26826-1.html |url-status=dead }}</ref>

On November 4, 2015, Japan Post Insurance ({{tyo|7181}}) was listed on the [[Tokyo Stock Exchange]] as part of a "triple IPO" ([[initial public offering]]) with shares offered as well in Japan Post Holdings ({{tyo|6178}}) and in [[Japan Post Bank]] ({{tyo|7182}}).<ref name="Reuters2015Nov">{{cite news |title=Japan Post firms make bumper debut after $12 billion triple IPO |url=https://finance.yahoo.com/news/japan-post-firms-bumper-debut-040824972.html |access-date=11 August 2018 |agency=Reuters |date=November 4, 2015}}</ref> About 10% of the shares in each company was offered.<ref name="Reuters2015Nov" />

== History ==
On September 1, 2006, the company started as the "preparation company (準備会社)". On October 1, 2007, it started with the division and privatization of [[Japan Post]].

In December 2019, Japan Post Holdings and Japan Post Insurance were revealed to be involved in a large-scale illegal insurance sales scam targeting elder customers. The president and CEO of Japan Post Holdings, Masatsugu Nagato, along with the president of Japan Post Insurance, Mitsuhiko Uehira, and the president of Japan Post, Kunio Yokoyama, were forced to resign due to public pressure.<ref>{{Cite news|url=https://www.wsj.com/articles/japan-post-ceo-quits-over-insurance-scams-that-targeted-elderly-11577442937|title = 'Gut-Wrenching': Japan Post CEO Quits over Scams That Targeted Elderly|newspaper = Wall Street Journal|date = 27 December 2019|last1 = Inada|first1 = Miho}}</ref> The stock price plummeted and the Japanese government announced to delay the privatization process by 5 years.<ref>{{Cite web|url=https://asia.nikkei.com/Politics/Insurance-scandal-delays-Japan-Post-privatization-by-5-years|title=Insurance scandal delays Japan Post privatization by 5 years}}</ref>

== See also ==
*[[Japan Post Holdings]] - a holding company of [[Japan Post Group]].

== References ==
<references />

== External links ==
*[http://www.jp-life.japanpost.jp/ Japan Post Insurance] {{in lang|ja}}
*[https://www.jp-life.japanpost.jp/english/aboutus/company/en_abt_cmp_drt.html Directors and Executive Officers]

[[Category:Life insurance companies of Japan]]
[[Category:Mutual insurance companies]]
[[Category:Japan Post Holdings]]
[[Category:Financial services companies established in 2007]]
[[Category:Japanese companies established in 2007]]
[[Category:2015 initial public offerings]]


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