Japan
Japan P&I Club hikes premiums 7% for 2025
Japan P&I Club hikes premiums 7% for 2025
The decision comes as the association grapples with a high volume of claims.
Japan’s insurance sector sees stability amidst premium boom
Premium income has increased over the past two years.
Japan slated for 1.74% CAGR through 2028
The market also benefits from the integration of IT and analytic solutions.
Nippon Life eyes $8.2b Resolution Life buyout
If finalised, the deal would be the largest overseas acquisition by a Japanese insurer.
Japanese life insurers' premium income doubles to $128b in September
Assets of Japanese insurers also doubled to $2.8t.
Fitch expects continued capital adequacy for Japanese insurers
Weaker investor pressure has allowed insurers to build excess capital.
Aon to acquire Mitsubishi Chemical Group’s insurance agency
The insurance agency, part of Dia Rix, provides corporate and personal insurance.
Japan's Property Insurance to Hit $27b by 2028
However, a recovery is anticipated in 2024.
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.
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