GlobalData forecasts sector to grow by 7.3% CAGR to NZ$12.9bn (US$7.87bn) in 2028, but profitability to remain volatile due to nat cats and reinsurance rates.
AM Best assigns 'exceptional' National Scale Rating, while spotlighting general insurer's technology and analytics strategy to sustain market position.
Nishizawa looks set to step down and would be the latest high-profile resignation in the wake of the Japanese insurance industry's Bigmotor and price-fixing scandals.