Crédit Agricole Life Insurance

Wiki route

This entry sits under life-insurers INDEX (its domain route). Read it against Cardif Life and Pgf Life for the foreign-affiliated bancassurance peer / contrast, and against the FSA plus Seiho Kyokai for the supervisory / industry-body boundary. The bancassurance economics it operates inside are mapped in bancassurance economics in Japan.

TL;DR

クレディ・アグリコル生命保険株式会社 is the Japan life-insurance operating company of the French universal-banking group Crédit Agricole; it holds a life-insurance company license under the Insurance Business Act and appears in the FSA’s life-insurance company license list and the Seiho Kyokai member list. Rather than a large life insurer with a sales-representative channel, it is a foreign-affiliated life insurer whose primary channel is the counters of partner financial institutions (over-the-counter bank sales / bancassurance), handled separately from the group’s banking and asset-management functions. Its head office is in Minato-ku, Tokyo. Crédit Agricole is a pioneer of bancassurance in France and, in Japan too, provides products such as individual annuities and group credit life insurance via partner financial institutions.

1. License / group boundary

2. Operating model

As a foreign-affiliated bancassurance life insurer, the company’s revenue structure optimises the standard life-insurer model — premium underwriting, accumulation of policy reserves, long-term ALM matching long-dated liabilities, and payment of insurance and annuity benefits — for the financial-institution agency channel. By selling savings-oriented and ancillary products such as single-premium individual annuities and group credit life insurance through the counters of partner banks, shinkin banks, and the like, its business model differs greatly from domestic majors such as Dai Ichi Life Insurance that maintain face-to-face sales representatives. The direct comparators are Cardif Life, which shares the same foreign-affiliated / over-the-counter-bank-sales model, and Ms Primary Life and Daiichi Frontier Life Insurance, which specialise in the domestic FI channel. For the asset-liability-management framework see Japan life-insurance ALM overview; for the Japan-market positioning of foreign-affiliated life insurers see foreign life-insurance affiliates positioning.

3. Why this page matters

• It fixes the exact-name operating-company anchor on the FSA’s life-insurance company license list.
• It pins Crédit Agricole’s life-insurance surface in Japan to JapanFG / life-insurers, separate from its banking and asset-management functions.
• It provides a foreign / FI-channel peer anchor for Cardif Life, Pgf Life, and Ms Primary Life.

Related

• life-insurers INDEX
• Cardif Life
• Pgf Life
• Daiichi Frontier Life Insurance
• FSA
• bancassurance economics in Japan
• FinWiki index

Sources

• FSA: 生命保険会社免許一覧 (life-insurance company license list).
• Life Insurance Association of Japan (生命保険協会): member-company list.
• Credit Agricole Life Japan official company profile / group page (banc­assurance channel via affiliated financial institutions; HQ Minato-ku, Tokyo).