Press Release
[English Translation]

Outline of Challenge 10, Stage I
MSI Group Mid-Term Management Plan: Fiscal 2005 and 2006


Draw on the comprehensive capabilities of the MSI Group to be “Out of the Starting Gate Quickly into the New Era” and create strong business positions to meet our objectives for fiscal 2010
Objectives
for Fiscal
2006
<No. 1 Targets>
Amount of increase in consolidated net premiums written: No. 1
Growth rate of net premiums written from domestic non-life insurance: No. 1
Overseas gross premiums and net income: No. 1
Growth rate of amount of in-force business (MitsuiSumitomo Kirameki Life): No. 1
Combined ratio: No. 1
Rate of investment return: No. 1


Growth Profitability Corporate Quality
Accelerate the expansion and promote the development of the Group’s five major businesses by implementing strategies to become No. 1 in the industry as well as unique strategies based on the comprehensive capabilities of the MSI Group   Implement aggressive strategies for enhancing claims handling services, improving cost-competitiveness, and raising return on investment   Strive to attain top rankings globally in all aspects of corporate quality
Domestic Non-Life Insurance;
  • Attain high growth in premiums to become No. 2 in terms of non-consolidated net premiums written
    (Expand market share in the retail business, become No. 1 in the corporate market, and be positioned within top 3 in the auto dealer area)
  • Enhance competitiveness of key products and expand personal accident and medical insurance product offerings
  • Take proper actions toward deregulation and establish a base of growth
    Overseas Business;
  • Establish exceptionally strong business positions in Asia outside Japan
  • Become more independent in three strategic regions and develop a profit-driven management system
    Life Insurance;
  • MitsuiSumitomo Kirameki Life: Expand operations steadily through 2010
  • Annuity Business Subsidiary: Establish a firm position through financial institution channels
    Financial services and Risk-related Business:
  • Establish a definite position toward 2010
     

    Improve loss ratios, principally in auto insurance

    Formulate effective tactics for reviewing existing costs and allocating funds

    Further enhance the Group’s strong investment capabilities
     

    Implement Group-wide CSR activities based on the MSI Group Charter on Professional Conduct

    Improve CS and strengthen bonds of trust with customers

    Aim to meet highest-quality risk management and compliance standards

    Increase corporate value through effective implementation of capital policies

    Strengthen world-class corporate governance systems

    Top Back

    Copyright (C) 2005 Mitsui Sumitomo Insurance Co.,Ltd. All rights reserved.