Japan
Japanese worry most about loss of property, life
Japanese worry most about loss of property, life
88.9% of respondents cited earthquakes as their primary concern.
Yen products drive 13% revenue boost for Japanese insurers
Ordinary profits increased to US$22.40b.
Japan's insurance market tightens amidst increased disasters
Japan’s 3 major groups account for 86% of net premium income.
Rate hikes likely to boost Tokio Marine & Nichido Fire’s domestic non-life growth
The insurer has maintained a solid return on equity of 7.4% from 2019 to 2023.
Toa Re’s improved underwriting to boost financials overtime
Its FY 2023 net profit saw $110m.
Japan’s Shanshan brings major losses
The typhoon reached peak intensity on 27 August.
Japan’s vehicle insurance costs to climb in new year
The country’s big 4 players may raise premiums up to 5%.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
Nippon Life’s Q1 2024 net income skyrockets to $770m
Total new policies saw $4.1m during the period.
Aashi Life’s net profit jumps over threefold YoY in Q1 2024
This was equivalent to $20m in earnings.
Sumitomo Life net income climbs to $148m in Q1 2024
Gross premiums also surged 31.7% YoY.
Aflac strengthens solvency with strong Japan ratio
Particularly, its medical and cancer insurance business profile remains strong.
Meiji Yasuda to keep premiums modest in FY 2024 with 1.5% YoY rise
Despite the challenges, Meiji Yasuda's credit quality remains robust.
Meiji Yasuda buys Allstate's American Heritage for $2b
The deal is expected to close by the second quarter of 2025.
Nippon Life sees benefits from rising rates, market diversity
Revenue and profit for FY 2024 are projected to decline.
Crawford’s new model streamlines claims across Asia for Japanese insurers
It aims to adapt to the Japanese business culture, customs and etiquette.
Fukoku Life's solvency ratio expected to reach 300%
Positive investment spread will continue to widen over the next 3-5 years.
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