The Japanese insurer has told the Financial Services Agency that it has ended practices that risked distorting sales, including recruitment support for agents.
The review follows parent company Sompo Holdings' US$3.5bn bid to acquire Aspen Insurance, with potential benefits for Sompo Japan's global footprint and specialty (re)insurance profile.
The Japanese reinsurer's ratings were upheld with stable outlooks after profit in fiscal 2024 rose to JPY28.5bn (US$190m) on stronger underwriting and investment income.