The life insurance industry is considering disclosing the solvency margin of each firm for this fiscal year's closing of accounts, Yuzuru Fujita, chairman of the Life Insurance Association of Japan, said March 20.
Fujita, who is also president of Asahi Mutual Life Insurance Co., expressed the intention more clearly than ever before.
Solvency margins show a life insurer's ability to pay insurance claims in unusually disastrous situations. Fujita had been cautious to the disclosure issue as he feared policyholders might cancel contracts with weak insurers based merely on these figures.
Life insurers will release in June the settlements of accounts for fiscal 1997, which ends March 31.