AM Best cited Sompo Japan’s increased overseas revenue and profit share following the Aspen deal, while highlighting integration and risk management as key areas to watch.
The proposals would require agencies to set clearer standards for recommendations, give customers fuller explanations and strengthen internal oversight.
Among the reforms outlined by GIAJ chairman Shinichiro Funabiki are the implementation of an Agency Business Quality Evaluation System and the formalisation of a Corporate Risk Management Advancement Support...
