Mitsui Sumitomo Insurance Company, Limited was created in 2001 through a merger between its predecessors, Mitsui Marine & Fire Insurance Co., Ltd. and The Sumitomo Marine & Fire Insurance Co Ltd. Their respective origins, “Mitsui” and “Sumitomo”, were established more than 300 years ago and still operate as business management groups (“Zaibatsu”,financial conglomerate) that have major influence both in Japan and the rest of the world.
The origins of the Mitsui conglomerate can be found in a shop dealing in kimono fabrics, called “Echigoya”, which was opened in 1673 by Takatoshi Mitsui, a merchant in Edo. Echigoya introduced innovative business methods to accommodate customers’ needs; for example, adopting over-the-counter sales and the cash-and-carry system for the first time in Japan, which generated great prosperity.
Mitsui focused on customer-centered business management and brand strategy and sought to boost employee motivation and satisfaction through personality-oriented performance evaluation. These approaches laid the foundation for Mitsui’s subsequent success and prosperity.
Meanwhile, the “Sumitomo” family headed by Masatomo Sumitomo, was engaged in copper trading and copper mine operations as its core businesses. In 1690, Sumitomo discovered what would become the Besshi Copper Mine in Ehime Prefecture and would prove to be one of the few big copper mines anywhere in the world. This discovery contributed significantly Japan’s economic development.
The company undertook tree planting and relocated copper refineries in order to mitigate the impact of copper production on the environment.We can see the seeds of CSR management in Sumitomo’s approach to contributing to development of the national and regional economies and addressing environmental issues.
Mitsui and Sumitomo continued to achieve sustainable development over the long term by properly fulfilling their obligation to care for the environment and earning the trust of their many and varied stakeholders, including customers, employees, communities. This philosophy has been inherited by Mitsui Sumitomo Insurance.
Mitsui Sumitomo Insurance Company, Limited Service & Products
- Service & Products TOP
- Industrial Special Risks (ISR)
- Marine Cargo / Transit
- Commercial Motor Vehicle Insurance
- Construction All Risks
- Public & Products Liability
- Financial Lines
Industrial Special Risks (ISR)
Section 1 of this insurance covers your building, plant, machinery, contents and trade stocks against risks of accidental physical loss or damage e.g. fire, explosion , earthquake and burglary unless specifically excluded.
Section 2 of this insurance covers consequential loss e.g. loss of gross profit and additional expenses caused by a claim under Section 1 unless specifically excluded.
To know more, please contact us or your Insurance Representative.
Marine Cargo/ Transit
This policy covers against physical loss or damage to goods while in transit within Australia or in transit to and from Australia. We can provide single voyage cover and open/annual cover to suit your needs. Some conditions and exclusions apply.
Some conditions and exclusions apply.
To know more, please contact us or your insurance representative.
Commercial Motor Vehicle Insurance
This policy provides cover against property damage to your vehicle and third party vehicle/property if you are liable. This insurance also has a section to provide CTP Gap Cover.
CTP cover is Compulsory Third Party Insurance which is a State and Territory based insurance which covers your liability from third party bodily injury caused by motor accident. MSI does not offer this cover.
Some conditions and exclusions apply. To know more, please contact us or your insurance representative.
Construction All Risks / Transit
Material Damage Policy provides cover for loss or damage to the contract works caused by accidental physical loss or damage from any cause unless specifically excluded, and Third Party Liability Policy provides indemnity for the insured’s legal liability for accidental bodily injury or property damage to third parties occurring in direct connection with the contract works.
Some conditions and exclusions apply. To know more, please contact us or your insurance representative.
Public & Products Liability / Transit
This Insurance covers your legal expense and third party compensation for bodily injury and/or property damage arising from business activities and from products manufactured, imported, distributed or sold. It also provides the cover for tenant liability when you lease office or warehouse.
Some conditions and exclusions apply. To know more, please contact us or your insurance representative.
Financial Lines / Transit
Directors & Officers Liability
Legal Liability for wrongful acts committed by the Directors or Officers of a company.
Management Liability
Liability relating to the Management of a company
Professional Indemnity
Liability for the provision of Professional acts or advice given to clients.
Some conditions and exclusions apply. To know more, please contact us or your insurance representative.
Others
Weather Insurance
This Policy covers a financial loss due to change in weather conditions over the period of time. For example, cancellation of an outdoor event or delay in construction period due to excessive rain. Reduced harvest due to drought. Claim is payable based on weather data so that prolonged loss adjustment will be eliminated.
FAQ is here (PDF)
General Property
Wide cover for loss / damage to defined property.
Fidelity Guarantee
Losses owing to the dishonesty of employees.
Corporate Travel
Costs following accident or illness while travelling.
NZ service may differ, please contact us or your insurance representative.
Some conditions and exclusions apply. To know more, please contact us or your insurance representative.
Mitsui Sumitomo Insurance Company Limited General Enquiries
Sales, products, policy information or any other general inquiries
Call to Australia: +61 2 9222 7600
New Zealand: +64 9 980 3325