Secom General's unique products and services are likely to support its steady business despite its relatively small size and are also likely to help it maintain sufficient capital. We are affirming our 'A-' financial strength and long-term issuer credit ratings on the insurer. The outlook remains stable, reflecting our view that solid growth of its MEDCOM business will gradually increase its retained earnings. On Sept. 24, 2019, S&P Global Ratings affirmed its 'A-' financial strength and long-term issuer credit ratings on Secom General Insurance Co. Ltd. (Secom General). The outlook is stable. We base our stable outlook on our view that Secom General will likely accumulate retained earnings within the next two years through continued growth of its MEDCOM cancer
