Country Profile – Japan: The challenging opportunity of the non-Life insurance community
Source: Asia Insurance Review | Sep 2009
As a result of differing cycle management, there is sometimes a “disconnect” between the insurance and the reinsurance markets. Typically this may create stress – and opportunity – for a relatively short period before the sectors align once again. Mr Chris Ott, Chairman, Aon Benfield Japan Ltd notes that during periods of economic growth, this short term aberration resolves itself without permanent damage. However, as he has not witnessed a period where the two sectors are in constant misalignment, he explores whether Japan is moving into this scenario and if so, how it can respond.
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