High likelihood of support from Japan-based parent company, Secom Co. Ltd. (Secom), if necessary, as a strategically important subsidiary within the Secom group. Unique business collaboration with the parent's sales agency channel and discounted products packaged together with the parent's security services. Solid sales of a unique medical insurance product, "MEDCOM," which supports business portfolio diversification. Relatively small business, which makes operating performance vulnerable to catastrophe-related losses and financial market volatility. Moderate risk position, with potentially volatile capital and earnings because of catastrophe-risk exposure and a portfolio containing a relatively high portion of high-risk assets such as equities. Our ratings on Secom General Insurance Co. Ltd. (Secom General) reflect our assessments of the company's business risk profile as satisfactory and
