As an indicator of corporate value life insurance, general "European embedded value (EV)" a growing number of cases in the country to adopt. Sumitomo Life Insurance Mutual Company in October as the first published data such as that of the five companies to disclose 踏Mi切Tsu 13 major companies.

Meanwhile, Nippon Life Insurance Company is the largest "There is a limit to objectivity" has shown a cautious stance as タクシー , to settle in one of the key management indicators are likely to need a unified standard in the industry.

"EV is important as representing the value of a corporation. Want to explain aggressive investors." Began publication in 2008 EV, managing director of Dai-Ichi Life Kanai Hiroshi played an IPO this spring タクシードライバー , the emphasis this.

EV is unique in considering the structure of the budget gap is born unique occurrence of life insurance income and expense, can be expressed in terms of corporate value. The insurance contract is one to focus the cost of fees medical fees and sales in the early stages i4510.com , the premium is paid a little over the long term, the greater the number of new contracts 看護師 求人 , shrinking profit foundation showing the benefit of the profession of the year . If you do, "reversal" So the best fix it. However, EV is a component of the "contract value" retained a number of drawbacks blurred greatly depending on the assumptions. The company has adopted to maintain the objectivity of third-party verification, "about the transparency of company sales and profit is not" (official life insurance), reality is.

Moreover, such a cost is calculated as dividends paid to policyholders, the company made only by mutual agreement of returning profits are less familiar in some respects. Mutual life insurance company take the form of, Nippon Life is "not thinking" (executive Tsutsui Yoshinobu) and one negative to the adoption of EV, Meiji Yasuda Life Insurance Co. to consider adopting the idea and is divided.

On the other hand, EV focus on fair value like "solvency-based economic value (solvency margin) evaluation," and beginning to appear in Japan moves toward the introduction of machines that "EV might have increased the adoption of" (mid-life insurance), the sound of this.

Western rating agencies, Fitch Ratings analyst Kawada Kenzi is "for demutualization be held accountable to shareholders, can also be seen as representing the company's stance," he said. The FSA executive "benefits in terms of disclosure, but if used the wrong methods produce future value calculations, there are fears bring chaos to the markets and investors" are pointed out. (Amano Takashi)

[Glossary] embedded value (EV)

Promote a measure of corporate value life insurance company, that are useful when describing the Company primarily corporate value. Can be adopted by each company. Unrealized gains and added to net assets in securities that insurance companies calculate the corporate value created by the past, "adjusted net" and represents the future and generate profits policyholders have already acquired "contract value" retained the sum of the.

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