Commercial lines and higher sums insured are supporting premium growth, while conservative asset allocation is helping insurers absorb equity-market volatility.
Issued after insurer feedback, the guidance requires appointed actuaries to report to boards and insurers to run validation throughout the first year of adoption.
The updated guidelines also incorporate parameters such as the implementation of Indian Accounting Standards and the removal of “dark patterns” in customer interactions.
Ratings agency flags ongoing FX exposure and higher funding needs ahead of new capital standards, with asset-intensive reinsurance yet to gain traction.
The ratings agency highlights stronger capital management and diversified earnings among Japan’s insurers as they adapt to higher interest rates, solvency reforms and increased use of reinsurance and overseas...
