Japan
Japan plans of space tourism insurance by 2030: Report
The plan is to provide coverage for injuries and other issues that could arise during space travel, akin to conventional travel insurance policies.
JFTC storms four big Japanese insurers for alleged cartel behaviour: Report
The insurers are suspected of using co-insurance policies as a mechanism for coordinating and fixing premiums.
Japan’s fundamentals to stay healthy in 2024 – Fitch Ratings
Japanese life insurers are likely to increase their investments in super-long government bonds in 2024.
Japan’s life insurance segment accelerates in August
Individual insurance and group insurance both saw large increases YoY of 104.9% and 83.9%, respectively to Y4.0t and Y283b.
Aon bolsters Asian Transaction Solution team
Shunsuke Takechi will take on the role of associate director.
Nippon Life acquired a nursing care group: Report
The acquisition is worth $1.43b.
Japan’s public insurance to include treatment for obesity: Report
Despite concerns, Novo Nordisk claims Wegovy reduces the risk of major adverse cardiovascular events by 20%.
Tokio Marine forms new entity for disaster prevention and mitigation solutions
Tokio Marine Resilience will collaborate with Tokio Marine dR for core data functions and risk consulting services.
Dai-ichi Life’s capital efficiency to improve – Moody’s
The insurer has shown a strong domestic market position.
Marsh plans of Japan joint venture with MST Insurance Service: Report
The venture plans to offer specialised corporate insurance recommendations.
Higher domestic rates could raise investment income of Japanese life insurers: AM Best
Japanese life insurers may face a higher debt burden when they need to refinance their existing debt.Â
The general secretary of EAIC urges insurers to strengthen focus on ESG
EAIC said it serves as a platform for neighbouring countries in Asia to exchange information.
Tokio Marine’s September business sales fall 8% YoY
Year-to-date (YTD) total sales have reached JPY1.28t.
Tokio Marine boasts of new interim target for 2030 climate change initiatives
It also commits to be a responsible institutional investor.
August’s weather turmoil caused claim payments to reach Y40b – GIAJ
This was driven by a rainy season front and Typhoon Mawar.
GIAJ’s Chairman shares major initiatives to address shortcomings in the industry
It emphasises preventative measures against fraudulent insurance claims and prove-fixing practices.
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. InterContinental Singapore is saving insurance for a rainy day 3. 25% of employers to enhance insurance coverage in the next two years 4. Insurers struggle to balance customer acquisition and retention: study 5. Allianz Partners collaborates with MoneyHero for travel insuranceResource Center
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Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
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Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. InterContinental Singapore is saving insurance for a rainy day 3. 25% of employers to enhance insurance coverage in the next two years 4. Insurers struggle to balance customer acquisition and retention: study 5. Allianz Partners collaborates with MoneyHero for travel insuranceAwards
Jul
09
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