Mitsui Sumitomo Insurance President Yutaka Hiroyama said the company is advancing dialogue under the keywords of understanding, acknowledging, and respecting as it prepares for the planned merger with Aioi Nissay Dowa Insurance in April 2027. Hiroyama has been informally appointed as president of the new merged entity, Mitsui Sumitomo Aioi Insurance, which aims to combine both firms' accident data and disaster prevention and mitigation expertise to create new value, such as reducing accidents and providing stable insurance premiums. With auto insurance falling into the red due to rising prices, he indicated a policy of implementing proactive and stable rate revisions, while also pushing ahead with a transformation to a business model that does not rely excessively on agents. The merged company is expected to lead the domestic market in net premium income, but Hiroyama stressed that rather than scale, he prioritizes becoming the insurance and financial group most chosen by customers, and is committed to tackling regional issues from a frontline perspective.
MS&AD Insurance Group Holdings, Inc.Merger with Aioi Nissay Dowa expected to create market leader and synergies in data and disaster prevention.