Nippon Life President Targets US Expansion

The video discusses the growth potential in the AUS and US life insurance markets, highlighting the US as the largest market with opportunities for business expansion. It also covers the company's strategy to increase its presence in the US market and the consecutive wage hikes for sales staff, amounting to ¥10 billion, translating to a 6% increase.

Which country is identified as having the largest life insurance market in the world?

• United States

• Canada

• United Kingdom

• Australia

What is one of the reasons the US is considered a key market for life insurance?

• Stable economy

• High levels of innovation

• Lack of competition

• Declining population

What has the company been looking to establish in the US life insurance market?

• A temporary office

• A core business space

• A small business base

• A research facility

How much has the company raised wages for its sales staff over two years?

• ¥20 billion

• ¥15 billion

• ¥10 billion

• ¥5 billion

What is the expected percentage increase in wages for the next year?

• 6%

• 3%

• 4%

• 5%