Reputational Risk in the Online Life Insurance Industry
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
5 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「If another company in the same industry experiences a problem such as a personal information breach or system failure, this may adversely affect consumers' assessment of the online life insurance industry as a whole, resulting in a decline in the number of new policies written and a decline in the number of in-force policies due to cancellations and other factors, thereby adversely affecting the Company's performance.」
The risk that information breaches or system failures at other companies in the same industry could affect new policies and cancellations through their impact on the industry's reputation continues to be disclosed. - FY2017First statedAnnual report
「If another company in the same industry experiences a problem such as a personal information breach or system failure, this may adversely affect consumers' assessment of the online life insurance industry as a whole, reducing the number of new policies written by the Company, increasing cancellations of in-force policies, and adversely affecting the Company's performance.」
The Company identifies the risk that information breaches or system failures at other companies in the same industry could affect its new policies and cancellations through their impact on the overall assessment of the online life insurance industry.