Corporate InformationMessage from the President
In the reinsurance industry, the softening trend of reinsurance premium rates halted to some extent because of the three massive hurricanes in North America and large-scale forest fires in California in 2017. However, fierce competition is continuing among major reinsurance companies to win contracts. Moreover, there is a need to respond to changes in international regulations and frameworks concerning reinsurance and to address issues such as diversification and increasing complexity of risks inherent in insurance products. Thus, the business environment in which the Toa Re Group operates is undergoing major change.

In these circumstances, the Toa Re Group formulated and initiated in April the “Mission 2020” medium-term management plan covering three years from fiscal 2018. In “Mission 2020”, our vision is to become “A reinsurance group that keeps being selected by clients across the world and that is developing together with them by providing optimal solutions”. In the changing business environment, we will strive to precisely meet clients’ reinsurance needs.

The Toa Re Group will do its utmost to fulfill its mission as a reinsurance company “Providing Peace of Mind”, as articulated in the ToaRe Mission Statement.


image
Tomoatsu Noguchi
President and Chief Executive


Medium-Term Management Plan “Re TOA RE 2017”

The Toa Re Group launched the “Mission 2020” medium-term management plan in April 2018, which covers three years from fiscal 2018. In “Mission 2020”, we articulated our medium- to long-term vision and set clear numerical targets and goals for enhancement of the management foundation for the Group as a whole. We will implement various measures to realize the vision and achieve the targets.

Overview of Mission 2020
Adjusted ROE
(after-tax basis)
: (Net income + Provision for catastrophe loss reserves + Provision for contingency reserves + Provision for price fluctuation reserves - Gains on sale of securities + Losses on sale of securities) / (Net assets + Catastrophe loss reserves + Contingency reserves + Price fluctuation reserves)
ERM : Enterprise Risk Management
E&I : Expertise and Intelligence
ICT : Information and Communication Technology
CSR : Corporate Social Responsibility

Medium- to Long-term Vision
Toa Re’s corporate vision is to become “A reinsurance group that keeps being selected by clients across the world and that is developing together with them by providing optimal solutions”. In the changing business environment, placing greater emphasis than ever on meeting clients’ reinsurance needs by adopting the clients’ viewpoint, we intend to promote business from a global perspective, in order to achieve sustainable growth in a challenging business environment.

Group Numerical Targets
With “Mission 2020”, the priority is to secure superior financial soundness as a basis for stable profit and we seek growth on that structure. According to this policy, we have set cumulative targets for the Group as a whole for three years in terms of soundness, profitability, and growth. The numerical targets are indicated in the figure titled “Overview of Mission 2020”. Specific strategies and measures will be formulated and implemented for each business category.

Targets for Enhancement of Management Foundation
In view of the business environment and medium- to long-term tasks, we selected four priority areas—“ERM”, “Human Resources/E&I”, “ICT/Operational Processes”, and “CSR”—and intend to enhance the foundation of each of them. In order to thoroughly promote the initiatives, we will formulate and implement concrete action plans in each category based on the enhancement policies described below.

Foundation Enhancement Policy
ERM Further evolution of ERM management from both profitability and soundness perspectives
Human Resources/
E&I
Development and securement of human resources for steady achievement of sustainable growth
ICT/Operational Processes Greater operation sophistication through ICT foundation building, etc.
CSR Further nurturing and spreading of a corporate culture which will enable sustainable growth



Copyright(c)2008 The Toa Reinsurance Company, Limited. All Rights Reserved.