Company Profile
| Company Name | The Kyoritsu Co., Ltd. | |
|---|---|---|
| Address | Kyoritsu Nihonbashi Building 2-2-16, Nihonbashi, Chuo-ku, Tokyo103-0027, Japan Tel +81-3-5962-3100 |
|
| Establishment | April 14th, 1910 | |
| Capital | JPY 322,915,420 | |
| President | Koichi Hasegawa | |
| Number of Employees | 263 (as of March 2023) | |
| Operations in Japan | Head Office | Tokyo |
| Branches | Osaka, Fukuoka, Nagoya, Sendai, Toyama,Hiroshima, Sapporo, Niigata, Takamatsu, Shizuoka | |
| Subsidiaries | Kyoritsu Insurance Brokers of Japan Co., Ltd. The Kyoritsu Risk Management Co., Ltd. Kyodo Kokokusha Co., Ltd. |
|
| Overseas Network | Shanghai | Kyoritsu Insurance Brokers of China Co., Ltd. |
| Hong Kong | The Kyoritsu Insurance Brokers (Hong Kong) Co., Ltd. | |
| Singapore | Kyoritsu Insurance Brokers (Singapore) Pte. Ltd. | |
| Bangkok | Kyoritsu Insurance Brokers (Thailand) Co., Ltd. | |
| Jakarta | Japan Desk, PT IBS Insurance Broking Service | |
| Kyoritsu Insurance Brokers of Japan Co., Ltd. is a member of The Lockton Global and GBN Global Insurance Network. | ||
History
| 1910 | Hasami Kogyo Co., Ltd. was founded as a subsidiary of The Industrial Bank of Japan (The Company was operated as a mining company until 1932) |
|---|---|
| 1916 | Hasami Kogyo Co., Ltd. was renamed as The Kyoritsu Kogyo Co., Ltd. |
| 1932 | The Company was renamed as The Kyoritsu Co., Ltd. and became a non-life insurance agency |
| 1969 | Became life insurance agency |
| 1975 | Established The Kyoritsu Insurance Brokers (Hong Kong) Co., Ltd. |
| 1995 | Established Shanghai Representative Office |
| 1996 | Established Kyoritsu Insurance Brokers of Japan Co., Ltd. Nominated as member in Japan for the Assurex Global |
| 2001 | Established The Kyoritsu Risk Management Co., Ltd. Business alliance with HSBC Insurance Brokers (Singapore) Pte Ltd |
| 2007 | Shanghai Representative Office was re-organized as a subsidiary, Kyoritsu Insurance Brokers of China Co., Ltd. (The first fully licensed Japanese broker in China) |
| 2009 | New head office building completed (The Kyoritsu Nihonbashi Building) |
| 2012 | Established Kyoritsu Insurance Brokers (Singapore) Pte. Ltd. |
| 2013 | Business alliance with Independent Consultant Co., Ltd. (ICC) in Bangkok |
| 2016 | Established Kyoritsu Insurance Brokers (Thailand) Co.,Ltd. |
| 2017 | Business alliance with PT IBS Insurance Broking Service (IBS) in Jakarta |
Business Activities
The Kyoritsu Group is engaged primarily in non-life insurance intermediary business as well as life insurance and intermediary insurance for corporate clients. The Group also undertakes risk consulting. In Japan, Kyoritsu, being an insurance agency, owns an insurance brokerage and a risk management company as subsidiaries. Together, the Kyoritsu Group provides clients with a full lineup of services as an insurance intermediary, offering the research and analysis of corporate risks, the design and proposal of optimal insurance, consulting, appraisals and proposals of employee benefit programs.
In the area of International business, through its four insurance brokerage subsidiaries in Hong Kong, Shanghai, Singapore, Bangkok and IBS Japan Desk in Jakarta, Kyoritsu provide insurance services mainly to Japanese corporations with operations in those regions. In particular, the subsidiary in Shanghai, Kyoritsu Insurance Brokers of China Co., Ltd (the first and fully licensed Japanese insurance broker in China) has been steadily expanding business since beginning operations in 2007.
The Kyoritsu Group has established business alliances with leading insurance brokers around the world, including the members of The Lockton Global and GBN Global Insurance Network. We support corporations that operate globally with the comprehensive administration of insurance for their overseas operations (for example, we implement worldwide insurance programs and arrange local insurance policies depending on client requirements).