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Largest Japanese insurance company enters Slovak market

Mitsui Sumitomo Insurance Group (MSIG), a Japanese company which does business in the area of non-life insurance, became the first Japanese insurance company to enter the Slovak market on June 9, the TASR newswire wrote.

Mitsui Sumitomo Insurance Group (MSIG), a Japanese company which does business in the area of non-life insurance, became the first Japanese insurance company to enter the Slovak market on June 9, the TASR newswire wrote.

Slovakia is seen as a stepping stone for the company in line with its growing activities in central and eastern Europe, especially in the Czech Republic, Hungary and Poland, said MSIG representatives in Bratislava, TASR wrote.

According to the director of MSIG's Slovak branch, Dušan Smolenák, the company wants to offer services mainly to Japanese companies doing business in this region while also serving domestic firms. MSIG is the fifth-largest non-life insurance company in the world, with more than 300 branches in 40 countries and around 24,000 employees. TASR

Compiled by Zuzana Vilikovská from press reports
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