As MS&AD Insurance Group celebrates its 10th anniversary, President and CEO Noriyuki Hara says the challenges the company has surmounted during its first decade have made it more resilient and focused on achieving its future sustainable development goals.
Through international expansion and increased profitability, consolidated net premiums have grown 1.4 times, and projected adjusted profit for the 2021 fiscal year is about six times larger than it was when the group was established in 2010.
During global challenges such as natural disasters and the COVID-19 pandemic, MS&AD Insurance Group has strengthened its products and services, catastrophe prevention protocols and risk management techniques and developed faster and more efficient claim payment methods. With these improvements, the team is poised to continue focusing on three key strategies in the Vision 2021 medium-term management plan that began in fiscal 2018:
In his message, Hara thanks all stakeholders for supporting the sustainable development of society and the sustainable growth of the company. Read it here.
“MS&AD Insurance Group” refers to the subsidiary insurers of MS&AD Insurance Group Holdings, Inc. and any affiliates or subsidiaries thereof. U.S. insurers are Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc., and MSIG Specialty Insurance USA Inc. Not all insurers do business in all jurisdictions. The U.S. insurers are managed by Mitsui Sumitomo Marine Management (U.S.A.), Inc. with offices at 15 Independence Boulevard, P.O. Box 4602, Warren, NJ 07059-0602, USA.
The financial information in this document is for informational purposes only and should not be construed as a substitute for audited financial statements. While the financial information contained in this brochure is accurate as of the date(s) referenced for such information herein (if any), MS&AD Insurance Group does not represent or warrant that the information is current and accurate on the date this document is distributed. MS&AD Insurance Group does not undertake to provide any updates, and assumes no liability by virtue of reliance on the information contained in this document.