With a focus on strengthening its energy security, the Japanese government proposes to expand the scope of the arrangement that offers coverage equivalent to reinsurance for tankers transporting crude oil and other commodities to Japan.
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
The Financial Services Agency (FSA) plans to issue a partial business suspension order against Prudential Life Insurance in response to a series of customer fund misappropriation cases.
Fire insurance results in Japan have shown an improvement trend in recent years, according to Toa Reinsurance in its report "Japan's Insurance Market 2026", released earlier this month.
Life insurance major, Nippon Life will invest JPY2tn ($12.7bn) in various US AI infrastructure construction projects, reported the Nihon Keizai Shimbun.
General Insurance Association of Japan (GIAJ) Chairman Koji Ishikawa has addressed the industry, present policyholders, prospective insurance customers and other stakeholders of the industry in the country. Mr Ishikawa had taken charge as Chairman of GIAJ in late June this year.
The East Asian Insurance Congress (EAIC) announced the incoming executive board members for the 32nd EAIC. Mr Koji Takahashi was announced at EAIC President, while Dr Somporn Suebthawilkul was announced as Vice President.
Japan has a secondary peril profile that is fundamentally different from the global pattern. While global discussions often emphasise hail, tornadoes, and wildfires, Japan's risk landscape is more strongly influenced by flood and snow, with convective storm activity playing a comparatively limited role.
The 31st East Asian Insurance Congress opened in Tokyo yesterday evening, returning the gathering to the city where it began in 1964 for a fourth time in more than six decades. The theme, "Back to the Origin, A Bridge to the Future," called to mind the region's insurance history, the Congress' storied past and the many relationships that were built throughout its 62 years.
Marsh Re has announced the appointments of Mr James Beedle to its Pacific board of directors, subject to regulatory approval, and Mr Justin Ward as CEO of APAC.