EMB Japan will bring firm's range of actuarial software to market
EMB have opened a subsidiary in Tokyo. EMB Japan will offer a range of actuarial services to the country’s general insurers and reinsurers.
Fuminori Ogawa is managing director of the new operation; he is a qualified actuary with experience of the country’s insurance industry in both the corporate and consultancy sectors.
Fuminori Ogawa commented: “It’s a very interesting time to be getting into the Japanese market. The challenges that insurers face are changing. Many of them are becoming quite aggressive as they seek to expand, and the question is how to ensure this approach is sustainable. I believe the situation makes the expertise we offer even more relevant going forward.”
EMB Japan will be helping companies to adapt to a new risk-based regime, being introduced by the country’s regulator, which is similar to Solvency II.
The subsidiary will also be marketing the firm’s range of actuarial software. This is the fourth overseas subsidiary that EMB has opened in the past year. The other three were in South Korea, Brazil and Scandinavia.
