MS&AD Insurance Group Holdings has announced its decision to proceed with specific discussions and preparations for the merger of Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance within the group. The target date for the merger is in April 2027.
The decision was made at a meeting of the holding company’s board of directors in March 2025.
The merger of Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance will build a more robust domestic non-life insurance business structure, to help the group achieve its vision of “Creating a world-leading insurance and financial group” and develop a resilient and sustainable economy and society.
“Our group aims to enhance the value we provide to customers by integrating the strengths of Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance in the domestic non-life insurance business. We are committed to strengthening efforts to meet customer trust and expectations while consistently securing profits commensurate with the size of the top line,” said MS&AD Insurance Group Holdings president and CEO Shinichiro Funabiki.
“Furthermore, we aim to establish a system to offer the best products and services to customers by investing accumulated capital into growth areas such as international business, domestic life insurance business, and digital/risk-related services.”
Said Mr Funabiki, “To achieve this target, we vigorously pursue efforts to maintain, consolidate and further expand the strengths of Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance.
“We will also focus on improving management efficiency, including IT system integration and optimising management resources such as human resources and facility network, with the aim of becoming a world-leading insurance and financial group.”
Details such as the merger method, post-merger company name and representatives will be announced once decided.
In addition, in response to various issues such as price-fixing and information leakage incidents, there are plans to enhance the compliance system. With shareholders’ approval, there is an intent to transition into a company with an audit and supervisory committee, as well as to appoint external parties to form the majority of directors on the board, thereby strengthening the supervisory and check-and-balance functions of the board and enable the effective monitoring of internal controls.