Japan
Japan eyes revamp of workers insurance scheme
The issue will be discussed by a panel of government experts on the social security system.
Sompo International opens Tokyo office
The firm has appointed Kenneth Reilly to lead the new branch.
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%.