NU Online News Service, Dec. 6, 9:21 a.m. – Japanese life insurers still face big problems, according to a report from Moody’s Investors Service, New York.
The Japanese economy and investment markets have been weak since the mid-1990s, and the life insurers also face a saturated market and consumer skepticism about their stability, Moody’s analysts write.
“The recovery efforts of individual life insurers appear to be ineffective, while growing concerns over the weaker players have led to insecurity about the industry as a whole,” the analysts write. “We believe that the structural changes needed to restore the sector’s financial strength are unlikely to materialize over the medium term.”