Japan
Japan’s insurers disbursed $730m on disasters including Noto quake
Japan’s insurers disbursed $730m on disasters including Noto quake
Ishikawa Prefecture recorded the highest payouts.
17 hours ago
Japan’s top P&C insurers post double-digit profit growth in fiscal 2024
Domestic net premiums written also grew across all three insurers.
What will drive Japan’s insurance sector to surpass $470b by 2029?
Premium increases in life and general insurance will boost the industry this year.
Dai-ichi Life acquires 15.1% stake in Challenger for $560m
It plans to acquire through its Australian subsidiary.
Japanese insurers expand overseas amidst domestic slowdown
AM Best forecasts sluggish growth in in-force premiums.
Tokio Marine sells Mitsubishi stake in $1.34b buyback
The shares will be sold at $15.65 each.
MS&AD to merge Mitsui Sumitomo, Aioi Nissay Dowa by April 2027
The merged entity could equate to the Japanese insurer holding the top market share.
Fortitude Re completes $4b reinsurance deal with Taiyo Life Insurance
The deal transfers a part of Taiyo Life’s whole life annuity business to Fortitude.
GIAJ approves guidelines to enhance insurance agent business quality
Education and examination system for agents and solicitors will also be improved.
Mitsui Sumitomo to invest $4b for 15% stake in W. R. Berkley
MSI expects to finalise the investment within the 2025.
Tokio Marine expands climate strategy to cover 200 major emitters
They account for 90% of emissions.
Nippon Life’s net income surges 63% YoY in 9M 2024
Ordinary expenses narrowed to $3.2b.
Aon acquires Mitsubishi Chemical's insurance agency business
The deal adds 100 new employees to Aon in Japan.
Japan Post Insurance to invest up to $2b in reinsurance vehicle
The company aims to deploy capital as early as 2026.
Mitsui Sumitomo sees profit rise with strategic divestments: Fitch Ratings
Fitch also anticipates an improvement in underwriting profitability.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
Japan's insurance market to grow $47b by 2029
The ageing population is boosting demand for long-term care.
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Jul
08
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He discussed how insurers can leverage GenAI, especially in building new O2O channels to stay competitive in a digital-first world.
