Komori
Mortgage Service Japan Limited (7192) · RiskRestated

Housing Defect Insurance Schemes, Reinsurance, and Insured-Event Risk

First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2024.

4entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY20242017: 120172018: 020182019: 020192020: 020202021: 120212022: 020222023: 120232024: 12024
Same theme, other companies
Insurance Claim Frequency Deviations, Reinsurance Procurement, and Recovery RiskA theme 10 companies write about · 10 as a headwind · 0 as a tailwind

3 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024RestatedAnnual report

    「Home defect insurance hedges the risk of an insured event through reinsurance. However, 株式会社ハウスジーメン is primarily responsible for paying insurance proceeds to policyholders, and makes provision for outstanding claims and policy reserves in accordance with laws and regulations. However, if an insured event results in temporary expenditures exceeding expectations, this could affect the performance of the home defect insurance and related businesses.」

    While the response through reinsurance, outstanding claims reserves and policy reserves is described, the risk of insured-event expenditures exceeding expectations continues to be disclosed.
  2. FY2023RestatedAnnual report

    「However, if an insured event results in temporary expenditures exceeding expectations, this could affect the performance of the home defect insurance and related businesses.」

    While the response through reinsurance and reserves is described, the risk of insured-event expenditures exceeding expectations continues to be disclosed.
  3. FY2021RestatedAnnual report

    「Home defect insurance hedges the risk of an insured event through reinsurance. However, 株式会社ハウスジーメン is primarily responsible for paying insurance proceeds to policyholders, and makes provision for outstanding claims and policy reserves in accordance with laws and regulations. However, if an insured event results in temporary expenditures exceeding expectations, this could affect the performance of the home defect insurance and related businesses.」

    The risks associated with the home defect insurance system, reinsurance and temporary expenditures arising from insured events, together with the response through reinsurance and reserves, continue to be disclosed.
  4. FY2017First statedAnnual report

    「However, if a change to the laws and regulations described above causes the home defect liability insurance system itself to lose its legal basis, or otherwise makes it difficult to sell the insurance, this could affect the performance of the business.」

    The insurance business risks disclosed include the impact of legal and regulatory changes on the insurance system, higher reinsurance premiums and difficulty continuing transactions, and temporary expenditures arising from unexpected insured events.
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