Japan
Japan's P&C sector surges with focus on profitability and international expansion
Japan's P&C sector surges with focus on profitability and international expansion
Positive trends drive Japanese insurers towards growth, bolstered by rate revisions and strategic initiatives, a Jefferies report said.
Sompo appoints new chief risk officer and Japan head of reinsurance
Koji Takahashi will be succeeding Emiko Maki.
Smartpay and Chubb team up to offer embedded insurance in Japan
The insurance market is expected to reach JPY80t by 2027.
Japan life insurers double premiums to $12b in 2023
Operating expenses also doubled for the year.
Tokio Marine Holdings acknowledges improper conduct, implements reforms
A Group Audit Committee will be established to replace the Internal Control Committee, expanding its scope.
Fitch affirms Tokio Marine & Nichido Fire Insurance's strength amid challenges
TMNF’s assessment considers TMHD's robust company profile, strong financial performance, and solid capital adequacy
Total claims payout from Noto quake at JPY20.5B
Accepted claims for the incident was tallied at 76,497.
STARR Insurance Japan CEO to Lead WTW's Japan Operations
Ryohei (Roy) Nakazawa will report to Luke Ware, head of CRB Asia.
Resolution Re enters first flow reinsurance collaboration with Japanese insurer
It aims to increase capacity and better product competitiveness.
Japanese life insurers poised to surge $350b by 2028: GlobalData
The industry should increase 4.6% in 2023.
Japanese non-life insurers navigate uncertainty despite stable outlook: AM Best
AM Best emphasises the need for a strategic approach to risk management.
Japanese life insurers' premiums income more than doubles November-end
Operating expenses, however, also rose to $22b.
Nissay positioned for stability with strong capital and operating profits – AM Best
AM Best also expects Nissay’s 2023 performance to recover.
Toa Reinsurance faces volatility risks despite stable core operations: S&P Global Ratings
Refinements to its liquidity ratio calculation improved liquidity assessment.
Noto earthquake hit 22,000 homes, loss estimate still at $6b
The losses covered damages from secondary impacts such as fire, tsunami, landslide, and liquefaction-induced ground movement.
GIAJ initiates survey for efficient assessment and claim payments after earthquake
The survey will be conducted through the use of aerial and satellite photography.
Regulator urges Sompo Japan to address corporate culture after Bigmotor scandal: Report
Bigmotor was involved in charging excessive repair fees.
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