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Company Directory - Mitsui Sumitomo Insurance Group

Company Details - Mitsui Sumitomo Insurance Group

Mitsui Sumitomo Insurance Group Logo

Mitsui Sumitomo Insurance Group

Website

Japan

Mitsui Sumitomo Insurance Group is a leading financial services group in Japan, specializing in insurance and asset management. The company offers a wide range of insurance products including life, non-life, and health insurance, along with financial services aimed at individuals and businesses.

CCI Score

CCI Score: Mitsui Sumitomo Insurance Group

-16.92

0.01%

Latest Event

Merger of Mitsui Sumitomo Insurance with Aioi Nissay Dowa

Mitsui Sumitomo Insurance and Aioi Nissay Dowa are set to merge in April 2027, a move aimed at creating Japan's largest nonlife insurer. The consolidation is intended to improve operational efficiency amid a shrinking domestic market, but it also raises concerns about increasing market concentration and potential risks of oligarchic influence.

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ENABLER

Mitsui Sumitomo Insurance Group is currently rated as an Enabler.

-10 to -19 CCI Score
Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

  • Merger of Mitsui Sumitomo Insurance with Aioi Nissay Dowa Logo
    APR
    01
    2027

    Mitsui Sumitomo Insurance and Aioi Nissay Dowa are set to merge in April 2027, a move aimed at creating Japan's largest nonlife insurer. The consolidation is intended to improve operational efficiency amid a shrinking domestic market, but it also raises concerns about increasing market concentration and potential risks of oligarchic influence.

  • -20

    Economic and Structural Influence

    April 1

    The merger consolidates significant industry power by merging two major insurers, potentially reducing competition and increasing market concentration. This centralization of economic influence can enhance the power of corporate elites, thereby increasing risks of oligarchic control which may indirectly support authoritarian dynamics.

    Mitsui Sumitomo Insurance to merge with Aioi Nissay Dowa

  • Planned 15% Stake Acquisition by Mitsui Sumitomo in WR Berkley Logo
    APR
    01
    2025

    An analyst noted that Mitsui Sumitomo Insurance Group's plan to acquire a 15% stake in WR Berkley may not lead to a takeover soon, positioning the move as a strategic long-term financial maneuver amid a high price-to-book trading environment.

  • Antitrust Fine for Collusion Among Insurers Logo
    OCT
    31
    2024

    Mitsui Sumitomo Insurance Co., along with other major insurers, was fined by Japan’s Fair Trade Commission for committing nine antitrust violations by colluding to adjust insurance fees in advance. The fine, part of a broader crackdown on non-competitive practices, highlights unethical business conduct that undermines consumer welfare and market fairness.

  • -50

    Business Practices and Ethical Responsibility

    April 1

    The antitrust violations indicate that Mitsui Sumitomo engaged in unethical business practices by colluding with other insurers to adjust rates. Such behavior not only breaches legal standards but also harms market competition and consumer protection, reflecting negatively on business ethics and social responsibility.

    Japanese Watchdog Fines Four Insurers for Antitrust Violations

  • Regulatory Action Against Anti-Competitive Practices Logo
    DEC
    27
    2023

    Mitsui Sumitomo Insurance Group, along with three other major non-life insurers, was ordered by Japan’s Finance Minister to end anti‐competitive practices aimed at artificially inflating premiums. The order requires the company to review and revamp its management controls to restore trust and comply with antitrust laws.

  • -70

    Business Practices and Ethical Responsibility

    April 1

    Mitsui Sumitomo Insurance Group’s involvement in coordinated actions with its peers to fix high premiums demonstrates a clear breach of ethical business practices. This anti-competitive behavior directly harms consumers and violates antitrust principles, warranting a strongly negative rating.

    Japan Orders 4 Non-Life Insurers to End Anti-Competitive Business Practices

  • -60

    Economic and Structural Influence

    April 1

    The collusive behavior reflected in the coordinated anti-competitive conduct by non-life insurers undermines market fairness and structural economic balance. This abuse of market power contributes to systemic distortions, further justifying a negative evaluation in the economic and structural influence domain.

    Japan Orders 4 Non-Life Insurers to End Anti-Competitive Business Practices

  • Improvement Order Issued Over Price Collusion Logo
    DEC
    26
    2023

    Japan's financial watchdog ordered Mitsui Sumitomo Insurance Group, along with three other major insurers, to reform its operations following findings of collusive behavior that inflated insurance premiums. The regulator demanded accountability from management and drastic operational reforms to safeguard market integrity.

  • -70

    Business Practices and Ethical Responsibility

    April 1

    Mitsui Sumitomo Insurance Group's alleged involvement in price collusion represents a significant breach in ethical business practices. The regulatory improvement order highlights a serious failure in corporate governance and accountability, undermining trust in market integrity.

    Japan slaps 4 insurers with improvement order over price collusion

  • Mitsui Sumitomo Insurance Group Implicated in Suspected Cartel Logo
    DEC
    19
    2023

    On December 19, 2023, the Japan Fair Trade Commission raided four major insurers, including Mitsui Sumitomo Insurance Group, as part of an investigation into alleged cartel activities involving premium fixing and unreasonable trade constraints that violate antimonopoly laws.

  • -70

    Business Practices and Ethical Responsibility

    April 1

    The article details that Mitsui Sumitomo Insurance Group, along with three other insurers, is under investigation by the Japan Fair Trade Commission for alleged cartel formation. This behavior—colluding to fix premiums and impose trade constraints—undermines fair business practices and market competition, constituting a significant ethical breach in corporate conduct.

    Japan Fair Trade Commission raids 4 insurers over suspected cartel

  • Anti-Slavery and Human Trafficking Statement for FY Mar 2023 Logo
    SEP
    14
    2023

    Mitsui released its Anti-Slavery & Human Trafficking Statement for the fiscal year ended March 2023, detailing comprehensive measures including supplier questionnaire surveys, face-to-face inspections, corrective actions for non-compliant suppliers, and extensive employee training initiatives to ensure compliance with human rights standards.

  • +80

    Labor Relations and Human Rights Practices

    April 1

    The statement underscores a strong commitment to upholding labor rights by actively addressing risks of modern slavery, forced labor, and human trafficking through robust policies and proactive supplier audits. This represents a positive, progressive stance in protecting workers' rights.

    Anti-slavery & Human Trafficking Statement for Fiscal Year Ended 31 March 2023

  • +70

    Supply Chain Ethics

    April 1

    The statement details rigorous supply chain management protocols including supplier surveys, face-to-face interviews, and mandatory corrective actions for non-compliance. This proactive approach in managing and ethically overseeing its supply chain alongside clear sustainability policies is commendable.

    Anti-slavery & Human Trafficking Statement for Fiscal Year Ended 31 March 2023

  • Expansion of Human Rights Due Diligence in Supply Chains Logo
    MAY
    01
    2023

    The article details a significant update to supply chain management practices, where a human rights clause was added to standard purchase contracts in May 2023 and due diligence efforts have been expanded into high-risk sectors. This proactive initiative is designed to ensure suppliers adhere to sustainable and ethical standards, including the mitigation of forced labor and child labor risks.

  • +85

    Supply Chain Ethics

    April 1

    By incorporating comprehensive human rights due diligence procedures and updating supplier contracts with explicit human rights obligations, this initiative demonstrates a robust commitment to ethical supply chain management. Such measures help protect vulnerable workers and marginalized communities, aligning with anti-authoritarian and progressive corporate practices.

    Supply Chain Management | Social | Sustainability - MITSUI & CO., LTD.

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