Japan
How much will Japan's insurance market grow in eight years?
How much will Japan's insurance market grow in eight years?
Demographic shifts are driving structural changes in product demand.
Japan’s long-term care insurers face pressure from staff shortage
55.2% of home care operators reported a year-on-year revenue decline.
Tokio Marine aids ADB lending by joining $2.75b credit programme
ADB intends to quadruple private sector investment, financing by 2030.
Japan’s insurers disbursed $730m on disasters including Noto quake
Ishikawa Prefecture recorded the highest payouts.
Japan’s top P&C insurers post double-digit profit growth in fiscal 2024
Domestic net premiums written also grew across all three insurers.
What will drive Japan’s insurance sector to surpass $470b by 2029?
Premium increases in life and general insurance will boost the industry this year.
Dai-ichi Life acquires 15.1% stake in Challenger for $560m
It plans to acquire through its Australian subsidiary.
Japanese insurers expand overseas amidst domestic slowdown
AM Best forecasts sluggish growth in in-force premiums.
Tokio Marine sells Mitsubishi stake in $1.34b buyback
The shares will be sold at $15.65 each.
MS&AD to merge Mitsui Sumitomo, Aioi Nissay Dowa by April 2027
The merged entity could equate to the Japanese insurer holding the top market share.
Fortitude Re completes $4b reinsurance deal with Taiyo Life Insurance
The deal transfers a part of Taiyo Life’s whole life annuity business to Fortitude.
GIAJ approves guidelines to enhance insurance agent business quality
Education and examination system for agents and solicitors will also be improved.
Mitsui Sumitomo to invest $4b for 15% stake in W. R. Berkley
MSI expects to finalise the investment within the 2025.
Tokio Marine expands climate strategy to cover 200 major emitters
They account for 90% of emissions.
Nippon Life’s net income surges 63% YoY in 9M 2024
Ordinary expenses narrowed to $3.2b.
Aon acquires Mitsubishi Chemical's insurance agency business
The deal adds 100 new employees to Aon in Japan.
Japan Post Insurance to invest up to $2b in reinsurance vehicle
The company aims to deploy capital as early as 2026.
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