Federation of ZENROSAI Trade Unions

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Labour bank Unions Presidet Eiichi kaku
Federation of ZENROSAI Trade Unions Secretary
Hiroaki Iida
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Presentation for UNI-Apro 12th October 2004
Our Commitment for better life
Zenrosai
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Housing HOUSINGCO-OP
Insurance ZENROSAI
Travel UNION TRAVEL
Bank LABOUR BANK
Wedding/ Accommodetion UNIONHALL
Life CO-OP
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Structure
NATIONAL WORKERS WELFARE COUNCIAL
Business entities at national level
Labor organizations at national level
Business entities at prefectural level
Labor organizations at prefectural level
PREFECTURAL WORKERS WELFARE COUNCIAL
LABOUR BANK ZENROSAI CO-OP HOUSING CO-OP UNION
TRAVEL UNION HALL
Rengo/ Unit and Industrial labor unions
LOCAL WORKERS WELFARE COUNCIAL
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Zenrosai is a Cooperative

• National Federation of Workers and Consumers
  Insurance Cooperatives
• Non-profit organization
• Supervision of the Ministry of Health and Welfare
• Open to anyone

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Operating Insurance Business for Members

• Philosophy of mutual aid solidarity
• Hand in hand with trade unions
• Provide insurance coverage for members life

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Activities for our society

• Tie-up with Cooperative Societies
• Social contribution
• Environment issue
• International collaboration
• ? ICA (International Cooperative Alliance)
• ? ICMIF (International Cooperative Mutual
  Insurance Federation)

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Membership

• 13.8 million members totally
• At Workplaces
• ? About 49,000 Affinity group
• ? 60 of total members
• At Communities
• ? Anyone can be a member
• ? 40 of total members

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Democratic Structure
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At Workplaces

• Promoting insurance coverage through affinity
  markets, such as trade unions
• Group program as one of services of each
  organization
• Low operating expense

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At Communities

• Easy to join
• Simple policy
• No agents
• No door to door sales person
• Various channels (Branch offices, DM, Banks,
  Organizer, Convenience stores)

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Total Sum Insured
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Total Number of Contracts
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Total Premium Income
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Total Claims Paid
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Paid Dividend
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Types of Insurance

• Fire
• Natural Disaster
• Mutual Aid Benefit Scheme
• Traffic Accident
• Automobile

• Group Term Life
• Individual Term
• Life
• Individual Long-
• term Life
• Annuity
• Whole Life

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Premium Income by Lines
As at May 2003
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Three Segments of Players

• Commercial Insurance Companies
• Postal Insurance (Only Life insurance)
• Cooperative Insurance
• ? Consumers
• ? Agricultural
• ? Fishery
• ? Small and medium sized enterprises

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Insurance Business in Japan
High premium volume (No. 2 following U.S),
however
Low interest rate
Deregulation
Consolidation Demutualization
Long recession
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Premium Income last 10 years
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Current social situation in Japan

• Decrease of disposal income
• Unemployment rate has increased
• Deflation
• Aging society low birth rate
• Uncertain social security
• Organization rate of trade unions has
  decreased

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Amount of average life insurance coverage in each
household
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Source Japan Institute of Life Insurance
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Expectation to Cooperatives?

• Open fair management
• Stable reliable
• Right Information
• Supplement to social securities
• Suitable coverage for life

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Zenrosai needs to

• Keep providing total coverage for peoples life
  based on mutual help
• Be efficient organization in order to tackle
  severe competition
• Be alert to changing society, especially aging
  society
• Strengthen our affinity market and look after
  retired employee
• Educate suitable coverage for individual life

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Thank you !!
ZENROSAI
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