NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos.
The state-owned insurer raised its holding through market purchases, crossing the regulatory threshold that requires disclosure of significant shareholding.
The development comes as Japanese life insurers are looking to lift portfolio yields after years of balance-sheet rebalancing ahead of new capital rules.
Reinsurer supports FSA’s proposed AIR rules, which would require Japanese life insurers to strengthen stress testing, oversight, and collateral management.
Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation.
