Editorial

15:00 JST, April 6, 2025

Collusion that undermines healthy competition has become the norm under the oligopoly in the nonlife insurance industry, and illicit incidents have occurred frequently. The new company that will be born through large-scale reorganization must take the lead in breaking with harmful outdated practices.

Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co., both of which are under the umbrella of the major nonlife insurance company MS&AD Insurance Group Holdings, Inc., have decided to merge with a target date of April 2027.

This will be a major corporate reorganization involving the third- and fourth-largest companies in the nonlife insurance industry. The new company is expected to become the largest in the industry, with net premiums written — equivalent to sales — of about ¥3 trillion, exceeding those of Tokio Marine &........

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