Future Growth

Taiyo Life Insurance Company/Focusing on insurance sales in the household market, we will deliver optimal comprehensive coverage to households through superior sales capabilities, aiming to expand our customer base, and to increase EV and the policy amount in force.

Looking ahead, Taiyo Life will strengthen its unique business model that integrates product and market channels, in order to continue to be a life insurance company that delivers optimal comprehensive coverage to households.

On the product front, from April 2015, Taiyo Life launched a new specified disease treatment insurance that expanded coverage for the three major diseases, with the focus on new protection that includes carcinoma in situ and skin cancer. Going forward, Taiyo Life will further evolve Hoken Kumikyoku Best and deliver the optimal life coverage to households.

Moreover, in the area of customer services, the company will promote the business reform project EVOLUTION '15 with the aim of simultaneously achieving operational efficiency and quality of the industry's highest level, strong sales activities, and a high degree of customer satisfaction, by utilizing the newest information technologies. Specifically, the company will work on the major measures of “workstyle reform,” “branch operation reform,” and “automation of assessment.” EVOLUTION '15 is a reform, enabling Taiyo Life to perpetually secure a competitive position, continue to grow, and provide a high degree of customer satisfaction. Taiyo Life will consider what is necessary with no sanctuary while it boldly accepts challenges and tackles them.

Overall Strategy of the Medium-term Management Plan
—Aim to be a life insurance company that delivers optimal comprehensive coverage to households—

Figure: Overall Strategy of the Medium-term Management Plan

Management Targets
Fiscal 2015
 Policy amount in force
¥22,220 billion
 New policy amount
¥2,370 billion
Fundamental Strategy
  • Promote unique marketing methods utilizing a wide customer base of women and middle-aged and elderly people
  • Offer comprehensive coverage that meets customer needs for death protection as well as medical and nursing care insurance through the in-house sales representative channel in the household market
  • Increase the number of sales representatives and the new policy amount
Business Model
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