Japan
Japanese general insurers shift focus to property and specialty lines
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.
Aflac Life Insurance Japan soars with three wins at the Insurance Asia Awards 2021
Aflac Life Insurance Japan soars with three wins at the Insurance Asia Awards 2021
Tokyo Olympics without crowds could cost reinsurers up to $400m
These losses should not materially affect earnings as there are reserves in case of potential losses.
Headwinds persist for Japan's life insurers as low rates stifle investment income
However, most domestic life insurers maintain robust risk-adjusted capitalisation.
Japan's general insurers to further focus on climate change for FY2021
It has also commenced its Ninth Mid-Term Business Plan.
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