FHP, Inc. Partners with Nippon Life to Provide Managed Health Care Benefits to Japanese Companies in the United States

Strategic Insights -

FHP, Inc., one of the nation's largest health maintenance organizations, has been selected by Nippon Life Insurance Company to provide managed health care benefits to Japanese companies with operations in the United States. This partnership represents a significant business opportunity for FHP, as it will be the exclusive managed care provider for many globally renowned corporations. FHP President and CEO Westcott W. Price III praised the partnership, highlighting the company's commitment to providing high-quality HMO products to its clients. Meanwhile, Akira Ogata, President of Nippon Life Insurance Company of America, Inc., expressed his pleasure at the collaboration, emphasizing the company's goal of providing more comprehensive employee benefit choices for its Japanese-affiliated customers.

Key Takeaways:

  • FHP, Inc. has been selected by Nippon Life Insurance Company to provide managed health care benefits to Japanese companies with operations in the United States.
  • The partnership will make FHP the exclusive managed care provider for many globally renowned Japanese corporations.
  • FHP President and CEO Westcott W. Price III highlighted the partnership as a significant business opportunity for the company.
  • Nippon Life Insurance Company's U.S. unit, NLI Insurance Agency, Inc., will offer FHP's HMO products to its clients.
  • FHP's Southern California operation is one of the few HMOs in the nation to be fully accredited by the National Committee for Quality Assurance (NCQA).
  • FHP, Inc. serves 1.8 million people in 11 states and Guam.
  • Nippon Life, the largest life insurance company in the world, has more than $410 billion in assets and over $63 billion in annual premiums.

Statistics:

  • 1.8 million people are served by FHP, Inc. in 11 states and Guam.
  • Nippon Life has over $63 billion in annual premiums.
  • Nippon Life has more than $410 billion in assets.
  • 1984 is the founding year of NLI Insurance Agency, Inc.
  • 1889 is the founding year of Nippon Life.

Sources:

  • FHP, Inc. (1995) FHP, Inc. Partners with Nippon Life to Provide Managed Health Care Benefits to Japanese Companies in the United States.
  • Nippon Life Insurance Company (n.d.). Retrieved from [www.nippon-life-global.co.jp](http://www.nippon-life-global.co.jp).
  • HealthWire (1995). FHP, Inc. Partners with Nippon Life to Provide Managed Health Care Benefits to Japanese Companies in the United States.