These objectives, which are directly relevant to any consideration of the opportunities and risks relating to Insurtech & innovation, require that insurance firms: have sufficient financial resources including under a plausible but severe stress; have sustainable, capitally accretive business models, over the long-term; are well governed, have an appropriate culture, with effective risk management and control arrangements in place, which are commensurate with their nature, scale and complexity; can recover if they get into difficulty, and if they cannot, are resolvable in an orderly manner without significant externalities or taxpayer costs; and fully meet reporting and disclosure requirements.
To elaborate on that, the amount outstanding of the “Asset Purchase Program” now stands at about 65 trillion yen and, by pursuing the already decided purchases, it will increase by about little less than 40 trillion yen by the end of the year.