Japan
Japan’s vehicle insurance costs to climb in new year
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.
Japan's top insurers see mixed Q1 results amidst NatCat impacts
Jefferies warns to watch for potential natural catastrophes in Q2 2024.
Japanese insurers tighten underwriting amidst Q2 market challenges
This called for a careful evaluation of risk retention and risk transfer strategies, Aon said.
Sompo Holdings net income expands in Q1 2024
Net income per share stood at $0.83.
Dai-ichi Life’s Q1 2024 profit soars 41.1% YoY
Revenues inched up 0.52% YoY.
Tourism surge leads to more uninsured patients at Japanese hospitals
Nearly 30% of visitors to Japan are uninsured.
Prudential’s joint venture gains attention after Q2 report
The Q2 2024 solvency report, though brief, reveals some concerning trends.
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