Sumitomo Life

Sumitomo Life to roll out AI-driven sales support system for multi-insurer agencies

September 29 2026

The solution aims to improve sales management systems across multiple stages of insurance sales at multi-insurer agencies.

Sumitomo Life new business premiums rise 26% on overseas and single-premium demand

August 19 2026

The group's in-force annualised premiums reached ¥4.06tn (US$25bn), while core profit rose 82.3% to ¥134.5bn in the first quarter.

Nighttime city skyline with densely packed buildings and bright neon lights, a tall blue-lit tower visible in the distance.

RGA signs block coinsurance deals with Sumitomo Life and Anshin Life in Japan

July 8 2026

Sumitomo Life turns to reinsurance for the first time as insurers across Asia move in-force blocks off their books.

hsbc-exploring-sale-of-singapore-insurance-arm-reports

Allianz leads bid for HSBC’s Singapore life insurance unit - Report

June 15 2026

Details of the transaction are expected to be announced soon, though other bidders remain interested in HSBC's Singaporean assets.

sumitomo-life-dai-ichi-life-turn-to-private-credit-as-japan-insurers-seek-higher-returns

Sumitomo Life, Dai-ichi Life looking for higher returns in private credit – Report

May 21 2026

The development comes as Japanese life insurers are looking to lift portfolio yields after years of balance-sheet rebalancing ahead of new capital rules.

sumitomo-life-finds-improper-access-to-agency-premium-performance-data-at-eight-outlets

Sumitomo Life to withdraw all agency secondees after finding evidence of improper data sharing

February 10 2026

The insurer identified 780 instances of misconduct across eight outlets between April 2022 and October 2025.

Fitch affirms Sumitomo Life at 'A+' as overseas in force premiums surge 22%

October 2 2025

The Japanese insurer's core profit margin also grew four percentage points in FYE25.

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Major Japanese life insurers to end secondments following data leak scandals: Report

August 27 2025

Nippon Life, Meiji Yasuda, Sumitomo Life and Dai-ichi Life will end the practice following data leak scandals involving seconded staff.

Investments weaker yen cushion JGB losses as Japanese life insurers push ahead with overseas growth

Japan's life insurers post record profits, press on with overseas expansion, undeterred by JGB losses

June 17 2025

Investment gains and weaker yen contribute to record core profit, though pressure from rising government bonds is likely to remain.

sumitomo-lifes-capitalisation-to-remain-solid-despite-rising-investment-risks-s-and-p

Sumitomo Life’s capitalisation to remain solid despite rising investment risks: S&P

November 29 2024

S&P affirms A+ ratings, taking into account 2024 acquisition of Singapore Life and changes in asset allocation.

fitch-affirms-sumitomo-lifes-ratings-as-international-growth-outpaces-domestic-recovery

Sumitomo Life’s international growth outpaces domestic recovery

October 10 2024

Fitch maintains Sumitomo Life's ratings as overseas premiums, boosted by the Singapore Life acquisition, now exceed 30% of total premiums.

Singlife Philippines receives US$10.6m funding boost from parent company

April 3 2024

Singlife Philippines secures ₱600m (US$10.6m) from its parent company to fuel digital innovation and market expansion.

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