Lifenet Insurance Company (7157) · RiskRestated
Inadequate Risk Management Framework and Lack of Experience
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
2entries
2years
0from disclosures
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- FY2018RestatedAnnual report
「However, the Company may not have accumulated sufficient past results and experience necessary to identify risks. If its risk management framework fails to function effectively, its financial condition and performance may be adversely affected.」
While maintaining a risk management committee and other bodies, the Company continues to indicate the potential risks arising from insufficient accumulated experience and an inadequate framework. - FY2017First statedAnnual report
「However, the Company may not have accumulated sufficient past results and experience necessary to identify risks. If its risk management framework fails to function effectively, its financial condition and performance may be adversely affected.」
While establishing a risk management committee and other bodies, the Company identifies insufficient accumulated results and experience and the potential inadequacy of its framework as risks.