Read the latest edition of AIR and MEIR as an Interactive e-book

Magazine

Aug 2020

Japan: Major insurers report declining profits amidst coronavirus-fuelled volatility

Source: Asia Insurance Review | Jul 2020

While capital and profitability remains at risk in fiscal year 2020 due to COVID-19, four major Japanese life insurers reported declines in their core profit in aggregate in the fiscal year ended March 2020 (fiscal year 2019) because of a revision in mortality tables - revealed a new report published by Moody’s Investors Service.
 
These four insurers are Dai-ichi Life, Meiji Yasuda Life, Nippon Life and Sumitomo Life.
 
According to the report, disruptions from the coronavirus outbreak remain a risk for fiscal 2020 whereby insurers’ investment yields could fall to reflect a lower-for-longer domestic interest rates and lower dividend incomes. A 
 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.