Japan

Japan life insurance sector to shrink 1%

The segment is now poised to rise at a 0.9% CAGR from 2019 to 2023.

Storms ahead for Japan's top life insurers as profits dip

Group insurance policies caused the fall, triggered by changes in mortality tables.

Japan's top P&C insurers still enjoy strong results amidst pandemic

Solid premium growth was backed by premium rate hikes in 2019.

Economic, financial volatility push Japanese insurers towards hybrids

They can withstand the downsides through low financial leverage and strong earnings.

Japan, Korean insurers to see dampened sales as COVID claims rise

Both countries will see an increase in death claims.

Japanese firms foray into Myanmar's highly uninsured market

Tokio Marine Holdings and Mitsui Sumitomo Insurance are amongst the firms seeking entry into Myanmar.

Sompo Holdings Asia appoints Daniel Neo as regional CEO

He succeeds Yuji Kawauchi who will be vice president of global business planning in Sompo Holdings in Tokyo. Sompo Holdings Asia has named Daniel Neo as regional CEO, succeeding Yuji Kawauchi, who has returned to Sompo Holdings in Tokyo to assume the role of executive vice president of global business planning. Neo is an industry veteran with 20 years of experience in the insurance sector.  

Sompo Japan Nipponkoa taps US startup One Concern for AI solution

The app will let users simulate disaster-related scenarios.

Sompo Japan Nipponkoa Insurance-Line tie up to allow insurance gifting

The policyholder can get a payout of $89 after an earthquake with an intensity of lower 6 or above hits their neighbourhood.

Japan moves to limit national health insurance coverage

Only workers and their dependents in the country can avail to prevent abuse.

Japanese non-life insurers burned by fire premium losses

Insurance firms are bearing the weight of losses brought about by natural disasters.

Japanese P&Cs face fierce price war risk

E-commerce giant Rakuten and other players may "threaten" the country's insurance market.

Fire insurance in Japan receives profit boost to offset dismal auto underwriting

The advisory rate revision will reflect increased losses from natural catastrophe and water leakages.

Japanese insurers embrace third-sector medical policies to weather ultra low rates

They rose 9% whilst individual annuity policies plunged 56% in fiscal 2017.