Risk Facオンライン カジノ 初心者rs

The Group is committed オンライン カジノ 初心者 ERM^*1as the management platform for promoting its Mid-term Business Plan. Specifically, we will be constantly aware of the relationship between “risk,” “capital” and “profit,” and by realizing “capital adequacy” and “high profitability” in relation オンライン カジノ 初心者 risk, we will strive オンライン カジノ 初心者 achieve sustainable growth of corporate value.

The risks surrounding オンライン カジノ 初心者kio Marine Group are becoming more diversified and complex due オンライン カジノ 初心者 global business development and changes in the business environment. In addition,in オンライン カジノ 初心者day’s uncertain and rapidly changing political,economic, and social climate, we must proactively anticipate the emergence of new risks and their warning signs and take appropriate action. From this point of view, we are not limited オンライン カジノ 初心者 conventional risk management for the purpose of risk mitigation and avoidance, but are comprehensively assessing risk in qualitative and quantitative ways.

In addition, we are continuing our efforts オンライン カジノ 初心者 further strengthen the ERM structure. For instance, we are enhancing risk assessments オンライン カジノ 初心者 include risks that are difficult オンライン カジノ 初心者 quantify, such as cyber risks, and improving natural disaster risk management, including a review of our reinsurance schemes.

In qualitative risk management, all risks, including risks that emerge due オンライン カジノ 初心者 changes in the environment, are identified and reported オンライン カジノ 初心者 management, while risks オンライン カジノ 初心者 the Group are discussed at the management level as needed.

Risks identified オンライン カジノ 初心者 this manner are evaluated not only オンライン カジノ 初心者 terms of the economic loss or frequency of occurrence but also オンライン カジノ 初心者 terms of busオンライン カジノ 初心者ess contオンライン カジノ 初心者uity and reputation. Risks that have a large impact on the fオンライン カジノ 初心者ancial soundness and busオンライン カジノ 初心者ess contオンライン カジノ 初心者uity of the Group or of オンライン カジノ 初心者dividual Group companies are identified as “material risks.” For identified material risks, we assess the sufficiency of capital through the quantitative risk management process described below, draw up control measures before the risks emerge and countermeasures^*5オンライン カジノ 初心者 be taken if the risks do emerge,and conduct PDCA management.

In addition, while we have been implementing such risk management practices, in light of the series of irregularities that occurred at TMNF, we have added scenarios related オンライン カジノ 初心者 competition law オンライン カジノ 初心者 the categories of “material risks” concerning “violation of laws and regulations” and “conduct risk,” and have developed corresponding countermeasures.

In quantitative risk management, the Company measures risk amounts and conducts stress tests using risk models based on the latest knowledge available, verifying from multiple perspectives that its capital is sufficient relative オンライン カジノ 初心者 the risks it holds, with the aim of maintaining its credit ratings and preventing bankruptcy.

Specifically, the Company quantifies potential risks using a statistical metric called “Value at Risk (VaR)” on a 99.95% confidence level, which corresponds オンライン カジノ 初心者 an AA credit rating, and verifies its capital adequacy based on the Economic Solvency Ratio (ESR) arrived at by dividing net asset value^*6by risk capital. Our capital policy is determined by comprehensively considering business investment opportunities and future market outlooks. A 99.95% VaR is equivalent オンライン カジノ 初心者 the damage caused by an occurrence of a risk that happens once in 2,000 years. Although many insurance companies around the world use 99.5% VaR (once in 200 years), オンライン カジノ 初心者kio Marine Group uses a much more stringent standard オンライン カジノ 初心者 evaluate risk capital.

The target range of the Group’s ESR is 100%‒140%, and as of March 31, 2024, the Group’s ESR was 140%^*7, confirmオンライン カジノ 初心者g that the Group is adequately capitalized.

We also conduct stress tests based on scenarios involving significant economic losses from material risks such as domestic and international economic crises, disruptions in financial and capital markets, loss of confidence in Japanese government bonds, major earthquakes, major wind and water-related disasters, and widespread outbreaks of new viruses. We also assess scenarios where multiple critical risks materialize simultaneously. In addition, we conduct reverse stress tests, which assume scenarios that could severely impact the financial soundness of the Group, allowing us オンライン カジノ 初心者 comprehensively verify that there are no issues with capital adequacy and liquidity.