Sumitomo Life

Sumitomo Life Insurance Company is a mutual life insurance company in Japan, founded in 1907 and headquartered in Osaka.
In 2005, the company announced a joint venture with the People's [Insurance Company of China]. The new company was named PICC Life Insurance, which sells insurance products, including savings-oriented endowment insurance policies.
In 2012, Sumitomo Life decided to become a strategic partner of Bao [Viet Insurance] from Vietnam by acquiring 18% of the company's shares previously held by HSBC.