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Japan tag returned 209 results

  • Japan: Non-life insurers maintain positive outlook in the face of Nat CAT losses

    Japanese insurers are under pressure to rebuild their reserves after deploying a sizeable portion in 2018 in what was a severe CAT year for the local market, revealed a new report by AM Best. Japan was rocked by a series of Nat CAT events last year which resulted in significant insured losses with the costliest being Typhoon Jebi.

    Asia | 22 May 2019
  • Japan: Major non-life insurers aim to raise fire premium rates

    Four major Japanese non-life insurers plan to raise their fire insurance premium rates by an average of 5-9% in October, reported Jiji Press.

    Asia | 17 May 2019
  • Japan: Companies develop products for uninsured tourists

    In anticipation of the influx of visitors to Japan for the upcoming 2020 Tokyo Olympic and Paralympic Games, local insurers are devising new products to cater to tourists visiting the country, according to The Yomiuri Shimbun.

    Asia | 10 May 2019
  • US claims administrator's leadership appointments in Asia

    As part of its expansion plans in Asia, Sedgwick has hired senior executives to grow the business in the region. It has appointed Mr James Ong as CEO of Asia, Mr Terry Dunning as head of business development in Asia, Mr Darren Livengood as regional manager for Sedgwick's operations in Japan and Korea and catastrophe manager for Asia as well as Mr Stephen Hope as executive director and head of major and complex losses in Asia.

    Asia | 08 May 2019
  • Japan: Government's new trade insurance seeks to drive Japan-Africa trade

    As Chinese corporations ramp up their presence in Africa, the Japanese government is trying to keep pace by encouraging Japanese companies to venture into the rapidly developing region with a newly-created trade insurance programme. According to Nikkei Asian Review, the insurance will fully cover infrastructure-related exports and loans to Africa via a partnership between the government-owned Nippon Export and Investment Insurance (NEXI), the African Trade Insurance Agency and the Islamic Development Bank. An official announcement on this development will be made by Japan's minister of economy, trade and industry Hiroshige Seko as early as 9 May.

    Asia | 30 Apr 2019
  • Japan: Local insurers find their way to least-insured economy in Southeast Asia

    Myanmar will soon see five Japanese insurers entering its emerging insurance market in partnership with local insurers, reported the Nikkei Asian Review. The Japanese insurers are aiming to offer products like annuities and automobile policies to a comparatively under-insured market. These insurers include Tokio Marine, Nippon Life Insurance, MS&AD Insurance, Sompo and Meiji Yasuda Life Insurance.

    Asia | 29 Apr 2019
  • Asia: How Chinese and Japanese insurance markets differ from Europe

    In a report just published, Moody's Investors Service highlights the unique fundamentals of the Chinese and Japanese insurance markets and draws a comparison between China's insurance solvency regime and Japan's solvency practice to the European Solvency II regime.

    Asia | 25 Apr 2019
  • Japan: Strong capitalisation & profitability back stable outlook for P&C insurers

    Strong internal capital generation and the increased use of reinsurance should support the capitalisation of Japanese property and casualty (P&C) insurers over the next 12-18 months, as reflected in the stable outlook for the sector, says Moody's Japan in a new report.

    Asia | 19 Apr 2019
  • Japan: Sale of shares in postal insurer raises US$2.9bn

    Japan Post Holdings yesterday priced a share sale of its insurance business at the bottom of an expected range, a filing showed, raising $2.9bn from the sale, reported Reuters.

    Asia | 16 Apr 2019
  • Japan: Life insurer to stop hiring graduates who smoke from next year

    Sompo Japan Nipponkoa Himawari Life Insurance has announced that it will not employ graduates who smoke when it recruits new hires in April next year, reported Jiji Press.

    Asia | 12 Apr 2019

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