OSAKA, Japan, January 22, 2019 (Newswire.com) - Mitsui Gunma Management has commentated on Nippon Life Insurance, stating that the company is aiming to set its sights on new potential acquisitions in a bid to stimulate the company’s growth.
Founded in 1889, Nippon Life Insurance is currently the biggest Japanese private life insurance company. Nippon Life presently has over $670 billion U.S. dollars in assets.
Mitsui Gunma Management researchers highlighted that the company has already spent around over $7 billion U.S. Dollars to acquire new strategic positions in insurers and asset management companies.
Japan is facing a declining population combined with low-interest rates, which is a significant reason why the company is branching out for sustained future growth.
“Mergers & acquisition is an important option for large companies who need to increase more areas for revenue, Nippon Life Insurance can do this by looking beyond its horizons and moving into other countries,” commented James Morgan Head of Equity Derivatives at Mitsui Gunma Management.
Rival Japanese insurers have also taken action on ramping up overseas acquisitions to diversify their business presence. The industry as a whole is under pressure to seek new deals and markets as benefit policies are looking to decrease in demand as the population declines.
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Source: Mitsui Gunma Management