Capitalization of non-life insurers

The rating agency Fitch deems that the capitalization of the five major Japanese insurers is appropriate. The latter have limited financial exposure in Europe and none in Greece. Moreover, they are able to withstand the natural catastrophes which affected them in 2011. The five main insurers are: Tokio Marine, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance (which make up MS&AD Insurance Group), Sompo Japan Insurance and Nipponkoa Insurance. These companies were hit harder by the Thailand floods than by the March 2011 events. However, the increase in the incidence and in the scale of the natural catastrophes, can, in the long run, exert pressure on insurers’ capitalization.