HONG KONG, July 23 (Bernama-BUSINESS WIRE) — AM Best is holding its stable market segment outlook on Japan’s non-life insurance industry, predominantly driven by carriers’ profitable underwriting performance amid the COVID-19 pandemic.
According to the new Best’s Market Segment Report, titled, “Market Segment Outlook: Japan Non-Life Insurance,” premium rate adjustments, which are likely to improve the profitability of the fire insurance line; and solid risk-adjusted capitalisation to weather potential financial market volatility also are key supporting factors behind the stable outlook.