Published:
/Jezael Melgoza from Unsplash
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)
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