Japanese life insurers' premium income doubles to ¥16t YoY

Assets of Japanese insurers also doubled to $2.56t.

The premium income of 41 Japanese life insurers more than doubled (108.5%) to $102.4b (¥16.0t) on a year-on-year (YoY) basis in the eight months to August, data from the Life Insurance Association of Japan. 

Claims paid also nearly doubled (96.8% YoY) to $24.32b (¥3.8t). Annuities paid also grew twofold to $12.8b (¥2.0t). 

Assets of Japanese insurers also doubled to $2.56t (¥400t).

($1.00 = ¥156.45)