Lifenet Insurance Company (7157) · RiskRestated
Liquidity Shortfall During Large-Scale Payouts
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
2entries
2years
0from disclosures
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Same theme, other companies
Risk of Cash Outflows and Deteriorating Solvency Due to Mass Insurance Policy Surrenders and Major CatastrophesA theme 7 companies write about · 7 as a headwind · 0 as a tailwind
3 other companies' latest entry also says "Restated".
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Full recordFilings, disclosures and news, newest first
- FY2018RestatedAnnual report
「However, if a large-scale disaster such as a pandemic, earthquake, tsunami or terrorist attack suddenly requires the payment of substantial insurance claims and benefits, the Company may be forced to sell assets on unfavorable terms, adversely affecting its performance.」
Liquidity risks continue, including unfavorable asset sales required to meet large payments and payment delays caused by the inability to dispose of assets. - FY2017First statedAnnual report
「However, if a large-scale disaster such as a pandemic, earthquake, tsunami or terrorist attack suddenly requires the payment of substantial insurance claims and benefits, the Company may be forced to sell assets on unfavorable terms, adversely affecting its performance.」
The Company identifies the liquidity risk that, if sudden benefit payments become necessary because of a large-scale disaster or similar event, it may have to sell assets on unfavorable terms or be unable to dispose of them, delaying payments.