|Corporate Name||Mitsui Sumitomo Insurance Company, Limited|
|Establishment Date||21 October 1918|
|Paid-in Capital||139,595 million yen (as at 31 March 2023)|
|Number of Employees||12,572 (non – consolidated basis as at 31 March 2023)|
|Head Office||9, Kanda-Surugadai, 3 Chrome, Chiyoda-ku, Tokyo, Japan|
|Insurer Financial Strength Rating||
In New Zealand, the Insurance (Prudential Supervision) Act 2010 requires licensed insurers to have a current financial strength rating that is given by an approved rating agency.
Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations.
Mitsui Sumitomo Insurance Company, Limited has a Financial Strength Rating of A+ (Stable) given by A.M. Best and A+ (Stable) given by Standard and Poor’s.
A.M. Best’s Financial Strength Rating Scale is:
Standard and Poor’s Financial Strength Rating Scale is:
The rating scales may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
|MS&AD Group Credit Ratings||The latest credit rating of MS & AD group|
The solvency of Mitsui Sumitomo Insurance Company, Limited expressed in JPY millions and its solvency ratio calculated on the Japanese regulatory basis at each reporting date were:
The solvency of Mitsui Sumitomo Insurance Company, Limited expressed in NZD millions and its solvency ratio calculated based on the requirements of the Reserve Bank of New Zealand at each reporting date were:
MS & AD Insurance Group Holdings, Inc.
MS&AD Holdings is a listed holding company with five directly invested Group insurance companies in Japan: Mitsui Sumitomo Insurance Co., Ltd. (MSI), Aioi Nissay Dowa Insurance Co., Ltd. (ADI), Mitsui Direct General Insurance Co., Ltd. (Mitsui Direct), Mitsui Sumitomo Aioi Life Insurance Co., Ltd. (MSI Aioi Life) and Mitsui Sumitomo Primary Life Insurance Co., Ltd. (MSI Primary Life); and nine affiliated operating companies: MS&AD InterRisk Research Institute & Consulting, Inc., MS&AD Business Support Co., Ltd., MS&AD Staffing Service Co., Ltd., MS&AD Systems Co., Ltd., MS&AD Business Service Co., Ltd., MS&AD Loan Services Co., Ltd., MS&AD GRAND ASSISTANCE Co., Ltd., MS&AD ABILITYWORKS Co., Ltd., and MS&AD VENTURES INC.