Japan
Sompo Holdings' net profit soars by 99% to $1.7b in H1 2024
Ordinary income rose by 11.4% to $19.23b.
Nippon Life's capital adequacy amongst strongest of Japanese insurers
The insurer’s core profit margin increased to 13% in 2023 from 11% a year earlier.
Tokio Marine Holdings raises full-year net income forecast by $258m
Its first-half net income surged 77% YoY.
Dai-ichi Life H1 net income up 27% to $960m in H1 2024
However, premiums declined 6.3% YoY to $6.99b.
Fujitsu, SAP Fioneer launch cloud platform for insurers
It aims to help insurers modernise operations.
Japan’s general insurance sector slated for$94b by 2028
The industry is seen to grow 1.7% in 2024.
Japan’s life insurance slated for 4.7% CAGR through 2029
The industry is forecasted to expand by 6.8% in 2024.
Tokio Marine partners with R-Cities on resilience finance
The initiative aims to address a growing protection gap.
Japanese life insurers' premium income doubles to ¥16t YoY
Assets of Japanese insurers also doubled to $2.56t.
Japanese insurers double down on tech to weather disaster risks
Industry players are relying on data analytics to improve risk management.
WTW debuts new insurance brokerage service in Japan
They will offer insurance solutions to commercial clients as well as reinsurance services.
Lifenet establishes policy and committee for sustainability
It also determined a corporate value enhancement based on the LIFENET Manifesto.
Sumitomo Life new plan covers despicable contact lenses
The policy provides a one-time payout of $33.40.
Sumitomo Life strong despite investment pressures: Fitch Ratings
Its underwriting profitability recovered, with core profit margin at 12%.
Sumitomo Life's capital remains solid despite solvency ratio decline
Sumitomo Life’s core profit margin increased to 12%.
Meiji Yasuda Life’s core profit up 27% from strong sales
The weaker yen against the US dollar also boosted profits.
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