Japan
Japanese non-life insurers suspends contracts for firms operating in Russia
Japanese non-life insurers suspends contracts for firms operating in Russia
The suspension comes after Russia designated Japan as ‘unfriendly’ last month.
Taiju Life Insurance halts sales of COVID-19 cover
This comes amidst a surge in Omicron cases in Japan.
Meiji Yasuda Life to invest $43m in new ESG engagement fund
This is part of a business alliance with SDG Impact Japan.
Tokio Marine enters into an alliance with May Mobility
One of its aims is to research insurance products for autonomous driving.
Japanese general insurers shift focus to property and specialty lines
Motor insurance premium decline triggered this shift.
Nippon Life proves resilient amidst pandemic
The insurer proved stable with core operating profits at ¥690b.
Tokio Marine joins Net-Zero Insurance Alliance
They are the first Japanese insurance firm to become a member.
Life Insurance Association of Japan lays out plans for 2022
It plans to focus on three initiatives to meet customer expectations.
Tokio Marine launches new partnership with MaaS Tech Japan
This expands their original business alliance agreement in June 2020.
Tokio Marine transforms non-life subsidiary to insurtech
It plans to position the new insurtech as the digital R&D hub of the group.
Are Japanese insurers ready to put a price on climate change?
AM Best associate director Jason Shum said they still have a long way to go.
Corporate risks in Japan’s SMEs on the rise: survey
Despite seeing the increased risks, 30% of the SMEs are yet to take measures.
Tokio Marine abandons thermal coal mining
Key changes in the group's policies will exclude thermal coal mining in the future.
Japan direct written premiums to blow up to $323.6b by 2025
The country’s life insurance industry is growing at a CAGR of 1.4%.
Sompo Holdings to acquire Italian crop insurance firm
The transaction will be finalised next year.
Tokio Marine & Nichido Fire Insurance was recognized with the Claims Initiative of the Year - Japan
It has maximized AI and satellite imaging for a better grasp of damage situations and quicker payment of insurance claims.
Mitsui Sumitomo Insurance claims two wins at Insurance Asia Awards 2021
It has won the Domestic General Insurer of the Year - Japan and Marketing Initiative of the Year.
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