Risk of Downgrades to the Claims-Paying Ability Ratings of Life Insurers
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
2 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「If the financial strength, earnings capacity or asset quality of the 3 life insurers deteriorates, resulting in lower insurance claims-paying ability ratings or public disclosure that a downgrade is under consideration, lower new business and increased cancellations could adversely affect the Group's results and financial position.」
生命保険会社3社の健全性悪化や格下げによる新契約減少・解約増加のリスクが継続している。 - FY2017First statedAnnual report
「If the financial strength, earnings capacity or asset quality of the 3 life insurers deteriorates, resulting in lower insurance claims-paying ability ratings or public disclosure that a downgrade is under consideration, lower new business and increased cancellations could adversely affect the Group's results and financial position.」
The disclosure identifies the risk that deterioration in the 3 life insurers' soundness or a ratings downgrade could reduce new business and increase cancellations.