As risks surrounding insurance companies have become diversified and complex, it is more important to develop Enterprise Risk Management ("ERM") as well as to maintain statutory-required own capital. ... more detail
New rule for calculation of Solvency Margin ratio
Financial Services Agency (FSA) has revised the standard for solvency margin ratio calculation stipulated in the Insurance Business Act that imposes stricter rules with an aim to respond to the changes in the financial markets and to improve financial conditions and risk management practices of the insurers in Japan. The revised standard became effective at the end of March 2012. ...more detail