Sumitomo Life Insurance Co - Company Profile
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Sumitomo Life Insurance Co (Sumitomo Life) is a provider of life insurance products and services. Wide distribution network, solvency margin ratio, and European Embedded Value (EEV), are the company’s key strengths, even as its geographical concentration remain an area for concern. Growing life insurance segment, the short-term economic outlook and aging population in Japan could provide growth opportunities to the company. However, intense competition, fluctuation in interest rates and risks related to online theft and hacking, could affect its business and profitability.
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