NIPPONKOA INSURANCE

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NIPPONKOA INSURANCE
Corporate Profile
Corporate Profile
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Corporate Profile
Corporate Profile

NIPPONKOA Insurance Co., Ltd. was established in April 2001 through a merger of The Nippon Fire & Marine Insurance Co., Ltd. (founded in 1892) and The Koa Fire & Marine Insurance Co., Ltd. (founded in 1918). Japan’s third-oldest non-life insurance provider, the Company commands more than 9% of Japan’s non-life insurance market, which ranks as one of the largest in the world, together with those of United States, Germany, and England.

 In line with its fundamental philosophy of enhancing customer satisfaction, the Company, which is not affiliated with any financial group, has developed operations involving a wide range of customers—beyond the keiretsu (corporate group framework)— and established numerous strategic business alliances. NIPPONKOA’s strength lies in its powerful sales network of highly capable professional sales agents and its extensive close ties with financial institutions, including nationwide and regional banks. At the same time, it has distinguished itself as a creative force in the industry by developing new products that reflect a solid understanding of changing lifestyles and customer needs.

 Making full use of these unique features and competitive advantages, the Company will strive to deepen the trust of customers and meet the expectations of shareholders by expanding its operations and improving profitability. It will at the same time step up activities aimed at fulfilling its corporate social responsibilities in terms of compliance, environmental issues and other matters, and by actively disclosing corporate information.

Credit Ratings

NIPPONKOA has received the following ratings from credit rating agencies (as of June 30, 2009):

Standard & Poor's A+
Rating and Investment Information(R&I) A+
Japan Credit Rating Agency (JCR) AAp
A.M. Best A

Corporate Philosophy

With an independent spirit, guided by its liberal corporate culture, the NIPPONKOA Insurance Group will contribute to the development of an affluent and healthy society, through unremitting effort and innovative ideas that transform old ways of thinking.

Guiding Principles

  1. We make our customers the starting point of all our corporate activities, thereby earning their full trust.
  2. We work all-out to boost corporate value and promote disclosure, thereby meeting the expectations of our shareholders.
  3. Guided by a high standard of corporate ethics, we promote sincere, fair and environmentally friendly corporate activities.
  4. We foster a vigorous corporate setting in which individuals feel free to express their opinions and put them into practice.
  5. Working together with our agents, we provide our customers with the highest level of comfort and satisfaction.
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