The use of a mixture of market and book values for Japan’s current accounting and solvency regulatory regimes could put short terms strain on insurers’ balance sheets.
Ratings affirmed with the company narrowing losses and Fitch anticipating better performance due to enhanced underwriting and stable investment yields.
Insurer exited inward motor reinsurance, but portfolio overhaul expected to support sustainable underwriting and entity remains key in Sompo group's international strategy.
