Japan
Japanese life insurers to maintain strong credit in FY2025
Japanese life insurers to maintain strong credit in FY2025
Fitch Ratings expects insurers' capital adequacy to stay adequate.
Kyobo Life's profits reach $230m in Q1
CreditSights said this was the second-highest earnings figure in the market.
Asahi Life’s core profit soars fivefold in FY23
This was equivalent to $190m.
Fukoku Life posts record core profit in FY23
Despite a slight dip in premiums, its core profit accumulated $640m.
Japanese insurers eye profit from hikes in fire and auto insurance
FY24 profit targets exceeded Jefferies’ forecasts.
Japan insurers pay $215m for April hail damage
Nearly 100% of the claims received were covered.
Pacific Life Re secures reinsurance deal with Tokio Marine & Nichido Life
This will benefit Anshin Life’s product portfolio.
Sumitomo Life lags in attractiveness amongst peers
The insurer expects a 15% YoY increase in consolidated insurance premiums.
Meiji Yasuda bags solid solvency ratio
Meiji’s Elevance Health acquisition is expected to lift its premiums.
GIAJ completes $540m claim payments for Noto quake
More than half of this was under the Ishikawa Prefecture.
Sompo forecasts $1.47b net income for FY’25
Its FY’24 net income significantly grew compared to the previous year.
Japan pays $610b claims from severe rain last year
This included heavy rainfall “Baiu” and Typhoon Mawar.
Tokio Marine targets EPS growth of 8% by 2026 in new plan
Its new mid-term plan aims to counter risks and boost control.
Tokio Marine nearly doubles its FY’24 net income
It saw its assets reach $200b.
Asahi Life's profitability improves amid lower claims
Fitch Ratings expects Asahi Life to maintain or improve its capital strength.
Tokio Marine dR adopts Fathom data for disaster prep
Tokio Marine aims to assess flood risk from a climate change perspective.
Zurich Japan, Loyalty Marketing expands into digital offerings
Both entities have been partnering since 2013.
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