Japan

Tokio Marine international net premiums segment jumps 29.8% in 2022

The insurer expects net income to grow 9% for the year.

Fortitude Re inaugurates Tokyo Representative Office

It also announced the appointment of its Tokyo Chief Representative.

America's Gallagher debuts Japan insurance brokerage

The brokerage will support the reinsurance team in Tokyo.

Meiji Yasuda Life Insurance to purchase US-based group pension business

If the acquisition materialises, three of Elevance's firms will be under Meiji Yasuda.

GIAJ lays down countermeasures vs. illegal home repairers

They disseminate information to areas affected by natural calamities.

How inclusive are life and health insurance markets in Asia?

Japan has the most inclusive L&H market in Asia.

Dai-ichi Life’s underwriting profitability to recover: Fitch

The ratings firm said that it also has ‘strong capitalisation’.

Japanese insurers hikes premiums on LNG vessels in Russian waters by 80%

The price of insurance for LNG vessels could reach ¥20m.

Zurich Japan and Aflac suffers data breach

The personal information of around 2 million people was reportedly stolen.

Japan raises health insurance premiums for high-income elderly

The aim is to ease the burden on the working generation.

Tokio Marine announces revise climate strategies

New revisions targets prohibitions of new business transactions in oil and gas.

Japanese insurers to face stagnant growth in the next five years

Sluggish sales of term life and savings products are slowing down the industry.

Prudential Financial appoints CEO for Japan operations

The current CEO will retire by the end of the year.

Insurance firm oligopoly holds 86% of Japan’s net premium income

Net premium income for all business lines in 2021 reached $62b.

Japanese insurers urged to narrow the scope of COVID-19 benefits

The advice comes from the Life Insurance Association of Japan.