MS&AD Insurance Will Decide Soon on Possible Merger of Domestic Nonlife Units

MS&AD Insurance Group Holdings held an IR Day for investors and analysts. This event was notable as it marked Funabiki Shinichiro’s debut as group CEO, succeeding Hara Noriyuki in June. Funabiki and MS&AD are well positioned to discuss significant structural changes in Japan’s nonlife insurance industry that we believe will impact industry sales practices, competitive dynamics, and economic moats for the major players. Unlike rival Sompo Holdings, whose chairman and CEO resigned in March amid an industry scandal, and Tokio Marine Holdings, which may be seen as representing the industry as a whole due to its size and leadership role, Funabiki and MS&AD can offer a more candid perspective.