Risks Relating to Life Insurance Underwriting and Minimum Guarantees
First written in FY2017. 6 of 7 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 4 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The main risks in the life insurance business are market risk, business risk and, in particular, insurance underwriting risk.」
The company continues to disclose risks specific to life insurance underwriting, minimum guarantees on variable annuities and variable life insurance, and reinsurer defaults. - FY2021RestatedAnnual report
「The subsidiary provides minimum guarantees for variable annuity and variable life insurance contracts and is exposed to the risk of fulfilling the minimum benefits stipulated in the contracts to policyholders.」
The company continues to disclose the risk of fulfilling minimum guarantees on variable annuities and variable life insurance, the risk of reinsurer defaults, and economic hedging. - FY2019RestatedAnnual report
「The main risks in the life insurance business are market risk, business risk and, in particular, insurance underwriting risk.」
The company continues to disclose risks specific to life insurance underwriting, minimum guarantees on variable annuities and variable life insurance, and reinsurer defaults. - FY2018-Q3RestatedAnnual report
「The subsidiary provides minimum guarantees for variable annuity and variable life insurance contracts and is exposed to the risk of fulfilling the minimum benefits stipulated in the contracts to policyholders.」
The company continues to disclose the risk of fulfilling minimum guarantees on variable annuities and variable life insurance in the life insurance business, including its use of reinsurance and economic hedging. - FY2018-Q2RestatedAnnual report
「The subsidiary provides minimum guarantees for variable annuity and variable life insurance contracts and is exposed to the risk of fulfilling the minimum benefits stipulated in the contracts to policyholders.」
The company continues to disclose the risk of fulfilling minimum guarantees on variable annuities and variable life insurance, including its use of reinsurance and economic hedging. - FY2018-Q1RestatedAnnual report
「The subsidiary provides minimum guarantees for variable annuity and variable life insurance contracts and is exposed to the risk of fulfilling the minimum benefits stipulated in the contracts to policyholders.」
The company continues to disclose the risk of fulfilling minimum guarantees on variable annuities and variable life insurance in the life insurance business, together with its use of reinsurance and economic hedging. - FY2017First statedAnnual report
「The main risks in the life insurance business are market risk, business risk and, in particular, insurance underwriting risk.」
The company explicitly identifies risks specific to the life insurance business, including insurance underwriting, minimum guarantees on variable annuities and variable life insurance, and reinsurer defaults.