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2013 outlook : Japanese Non-Life insurance groups : performance bolstered by life subsidiaries

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<titleInfo>
<title>2013 outlook</title>
<subTitle>: Japanese Non-Life insurance groups : performance bolstered by life subsidiaries</subTitle>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20130001234">
<namePart>Nishizaki, Akane</namePart>
<nameIdentifier>MAPA20130001234</nameIdentifier>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20100046593">
<namePart>Morinaga, Teruki</namePart>
<nameIdentifier>MAPA20100046593</nameIdentifier>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20100046616">
<namePart>Liew, Jeffrey</namePart>
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<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080438661">
<namePart>Fitch Ratings</namePart>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">New York</placeTerm>
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<publisher>Fitch Ratings</publisher>
<dateIssued>2012</dateIssued>
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<abstract displayLabel="Summary">Fitch Ratings maintains its stable outlook for the Japanese non-life insurance groups, as it believes that the three major non-life insurance groups (Tokio Marine Group, MS&AD Insurance Group and NKSJ Group) will each maintain an adequate capital buffer, underpinned by the robust capital position of their respective life subsidiaries. This indicates that the vast majority of Japanese non-life insurers. ratings are likely to be affirmed by Fitch over the next 12 to 24 months</abstract>
<note type="statement of responsibility">Akane Nishizaki, Teruki Morinaga, Jeffrey Liew</note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080591281">
<topic>Grupos aseguradores</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080573935">
<topic>Seguros no vida</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<topic>Ratios de gestión</topic>
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<topic>Perspectivas del seguro</topic>
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<geographic>Japón</geographic>
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<classification authority="">32</classification>
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<recordCreationDate encoding="marc">130129</recordCreationDate>
<recordChangeDate encoding="iso8601">20130129141534.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20130002798</recordIdentifier>
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