System of JA Group's Mutual Insurance Business

JA 's mutual insurance business is an insurance business run by JAs. The mutual insurance business of JA is the newest among all areas of business undertaken by JAs, and JA is the pioneer of all types of mutual insurance businesses in Japan.

JA, as a matter of business principle, makes insurance contract with members and collects insurance premium. JAs, then, reinsures the contracts with Zenkyoren. This is an arrangement under which Zenkyoren bears 100% of risk liability and of making reserves. In this way, a safety net is built centered around Zenkyoren.

Zenkyoren, aside from paying out insurance benefit and investing fund, is also engaged in promotional activities, in welfare enhancing activities and in educational and cultural activities meant for contract holders in support of promoting insurance business of JAs.

Seen by the number of policies held, JA 's mutual insurance business ranks top in area of life insurance in terms of “the number of contracts with individuals in policies of life insurance and mutual life insurance,” as also in the area of building rehabilitation mutual insurance, i.e. a commodity of building insurance, in terms of “the number of policies under contracts of fire insurance and fire mutual insurance, which covers building and movable properties in the building.”

System of JA Group's Mutual Insurance Business

JA's Mutual Insurance: The country’s top class policy holder for man, building and car

Source: "Annual Report 2004," Zenkyoren and others.
Note: The figures are as of the end of March, 2004.

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