Company profile

Future of Nippon Life Insurance

#
Rank
581
| Quantumrun Global 1000

Nippon Life Insurance Company also recognized as Nissay or Nihon Seimei is the biggest Japanese life insurance company by revenue. It was established as the Nippon Life Assurance Co., Inc. in 1889. The company is a mutual company by form. It first paid policyholder dividends in 1898.

Home Country:
Sector:
Industry:
Insurance - Life, Health (Mutual)
Founded:
1889
Global employee count:
85171
Domestic employee count:
Number of domestic locations:
2

Financial Health

Revenue:
$6260000000000 JPY
3y average revenue:
$5496666666667 JPY
Operating expenses:
$3950000000000 JPY
3y average expenses:
$3906666666667 JPY
Funds in reserve:
$1351600000000 JPY

Asset Performance

Innovation assets and Pipeline

Global brand rank:
128

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

Company Headlines