Insurance
Information as of March 31, 2022.
Life Insurance
Business
Life insurance, including medical insurance and death insurance
| Assets (Share of total) | ¥2,072.1 billion (17%) |
|---|---|
| Profits (Share of total) | ¥53.3 billion (10%) |
Overview
Committed to Medical Insurance and Appreciated by Customers and Society
ORIX Life Insurance launched in 1991 and offers an extensive lineup based on the concept of offering simple and easily understood products and reasonably priced coverage. We are also committed to new product research and development. ORIX Life Insurance markets through insurance agents, financial institutions, mail-order and online sales, and sales by ORIX Life Insurance employees known as Conserve Advisors. We organically integrate these four sales channels within an omnichannel strategy that provides services through channels required by customers.
Strengths
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Strong ability to develop products that address customer needs
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Favorable recognition from third-party institutions
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Omnichannel business development
Challenges
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Improving the sales channel structure, which is heavily weighted toward agencies, and creating new customer contact points
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Building a balanced product portfolio by shifting from sales of mainly third-sector insurance products to death and savings-type coverage
Opportunities
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Rising asset formation and lifetime security needs brought on by an age of 100-year lifespans
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Increase in points of customer contact and expanded opportunities to sell policies using an omnichannel approach
Risks
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Contraction of the domestic life insurance market due to the declining population
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Intensifying competition in the life insurance industry
Overview of ORIX Life Insurance
Leadership
- Kazunori Kataoka
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President,
ORIX Life Insurance Corporation