Abstract
Tsuneta Yano, founder of Dai-ichi Life Insurance Company, started his career as an insurance doctor for Nippon Life Insurance, and then he was involved in enacting the Insurance Business Law as the first director of the insurance department of the Ministry of Agriculture and Commerce. Yano argued, based on the spirit of mutual aid, that life insurance was an economic system for maintaining a society where people live in harmony. Thinking his mission was to establish a mutual life insurance company, Yano established Japan’s first mutual life insurance company, Dai-ichi Mutual Life. Aiming to be the best insurance company, not the largest, Yano practiced scientific product development based on actuarial and statistical data. He pointed out as factors for successful insurance business “scientific validity of business plans” and “importance of trust”. In addition to the insurance business, Yano worked on the development of statistical data and publication of data books, which are widely used today in the field of education.
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