Japanese major insurers will maintain sound credit profiles, driven by investment returns, revenue diversification, and robust capital, S&P Global Ratings said in a recent release.
Insurers will gain from higher domestic interest rate and increased stock prices, while robust earnings and capital will continue to back their positions, S&P said.
Players will further utilize growth investments to boost profitability through surplus capital from strong business performance and market risk reduction, the rating agency said.
S&P will monitor insurers' actions on market volatility, inflation, and higher rates, as well as acquisition results and credit risk management.