MS&AD Insurance Group Holdings (JP:8725) has released an update.
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MS&AD Insurance Group Holdings is focusing on international expansion to offset the slow growth in Japan’s non-life insurance market due to demographic challenges. The company achieved a record ¥139.5 billion in adjusted profit from its international business in FY2023, and aims to grow this sector further while maintaining its strong position in the ASEAN region. Recent strategic moves include acquiring Transverse Insurance Group in the U.S. to enhance its presence and diversify revenue streams.
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