HONG KONG, March 23 (Bernama-BUSINESS WIRE) — Despite the recent global equities rout, insurers in Japan remain financially stable to weather market volatility given their robust balance sheet fundamentals, according to an AM Best commentary.
The new Best’s Commentary, titled, “Japanese Insurers Continue to Grapple With Global Market Volatility,” states that in AM Best’s view, the credit fundamentals of most insurers in Japan have not changed materially, even with the ongoing COVID-19 virus outbreak and the recent declines seen across global stock markets. Domestically, the share prices of most of Japan’s large insurance groups have decreased by 30-40% from the start of the year.