New Australian life insurer set to enter the retail market
Daido Life | February 19, 2019
Japanese insurer Daido Life, through its stake in insurance start-up Integrity Life of Australia, will enter Australia’s retail life insurance market next month. Daido bought a 14.9% interest in Integrity Life last year and initially launched in the group life market selling policies to small and medium businesses. The deal followed moves by fellow Japanese life companies Dai-ichi Life, which bought TAL in 2011, and Nippon Life, which acquired MLC Life Insurance in 2015.