Message from Management


To create a world-leading insurance and financial services group that continues to seek sustainable growth and to enhance enterprise value.

We would like to express our sympathy for all those who suffered in the 2016 Kumamoto earthquakes. We offer our best wishes for a speedy recovery.

The Group is making steady efforts to achieve the goals set forth in the Group's medium-term management plan "Next Challenge 2017", with fiscal 2017 as the final year.
During stage one, spanning the first two years of the plan (FY2014-FY2015), in the domestic non-life insurance business we expanded our business scale and made improvements in underwriting profit centered on voluntary automobile insurance. Furthermore, synergy effects resulting from the reorganization by function have become evident in a variety of areas including the reorganization of businesses and sales channels of the two core non-life insurance companies, Mitsui Sumitomo Insurance Co., Ltd. and Aioi Nissay Dowa Insurance Co., Ltd., the consolidation and integration of regional offices, joint development of insurance products and establishment of joint bases for on-site claim adjustment when large-scale disasters occur. The transfer of long-term policies in the third sector to Mitsui Sumitomo Aioi Life Insurance Co., Ltd. is also progressing on schedule.
The domestic life insurance business and International business we regard as growth areas are growing strongly as core business of the Group, thanks to business initiatives that capitalize on our strengths.

In addition, the Group promoted ERM from the first year of the current medium-term management plan. We have been implementing initiatives such as acceleration of the sale of strategic equity holdings and allocating capital to high-growth business areas to sustain growth, enhance profitability and improve capital efficiency with a foundation of capital soundness.
The acquisition of UK-based insurance holding company Amlin by Mitusi Sumitomo Insurance Co., Ltd. was completed in February 2016. Amlin is a leading player in the Lloyds market, which is one of the world's top insurance markets, and is an outstanding major insurance group backed by expert underwriting capabilities and an advanced risk management system. We will continue to leverage the strengths of our two companies in international business from now on to demonstrate global synergies.

The prompt and adequate payment of claims is a fundamental responsibility of an insurer, and we believe that it is even more important to quickly identify a variety of risks arising from social issues, inform those risks in advance and provide the know-how of prevention and minimization of the impact in the event risks would eventuate. We believe that contributing to the strengthening of the "resilience" of society on a global scale by sharing such know-how with society in cooperation with national and local governments and the academic community will lead to the realization of "the development of a vibrant society and help secure a sound future for the earth", our Group's mission.
Taking full advantage of diversity of the Group, we will move steadily forward with "Next Challenge 2017" as we maintain adequate, balanced communication with our stakeholders.
We look forward to your continued support and cooperation.

Yasuyoshi Karasawa
President & CEO


April 1975 Entered The Sumitomo Marine and Fire Insurance Co., Ltd.
April 2004 Executive Officer, General Manager of Corporate Planning Dept., Mitsui Sumitomo Insurance Co., Ltd. (“MSI”).
June 2005 Director, Executive Officer, General Manager of Corporate Planning Dept., MSI.
April 2006 Director, Managing Executive Officer, MSI.
April 2008 Director, Senior Executive Officer, MSI
Director, the Company.
April 2009 Director, Senior Executive Officer, the Company.
April 2010 President & Chief Executive Officer, MSI
Director, Executive Officer, the Company
June 2014 President, Director & CEO, the Company (present)
April 2016 Chairman of the Board, MSI (present)
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