Taiyo Fire Remains In Auto Insurance

August 7, 2000

Taiyo Fire & Marine Insurance Co. has decided against its earlier plan to withdraw from the Japanese auto insurance business. The company reportedly made the decision based on the belief that collecting sufficient premium revenue from other insurance policies would be difficult. Taiyo Fire was considering pulling out of auto due to increasing competition following financial deregulation in 1998 and a series of foreign entries into the market.

Taiyo Fire & Marine Insurance Co. has decided against its earlier plan to withdraw from the Japanese auto insurance business. The company reportedly made the decision based on the belief that collecting sufficient premium revenue from other insurance policies would be difficult. Taiyo Fire was considering pulling out of auto due to increasing competition following financial deregulation in 1998 and a series of foreign entries into the market.

Was this article valuable?

Here are more articles you may enjoy.