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Japan tag returned 289 results

  • Japan: Most businesses fail to flood-proof their facilities

    Not enough Japanese companies are doing enough to fortify facilities against floods, even though they have contingency plans for such events, a Reuters poll has found. Most companies rely instead on insurance and securing alternative supply sources.

    Asia | 20 Jan 2020
  • US risk modeler predicts $110bn in NatCAT losses for 2020

    Recent (re)insurance renewals were difficult for some: apparently some entities alleged no indication for improvement this year. However, US-based risk modelling and forecasting company AbsoluteClimo expects improvement with below normal risk direction for 2020, with global total losses most likely to meet or exceed $110bn USD and a probability range from $80bn to $164bn - notably better than 2017, 2018 and 2019.

    Asia Risk | 15 Jan 2020
  • Japan: Public insurance recommended to cover therapy for gambling addicts

    The Central Social Medical Insurance Council, an advisory panel to the Japanese health minister, is recommending that the national health insurance programme should cover treatment for gambling addiction, starting from April this year.

    Asia | 14 Jan 2020
  • Japan: Insurer to charge premiums based on flood risk

    Rakuten General Insurance is introducing a system which determines non-life insurance premiums according to the risk of flooding during heavy rains. To start in April, the insurance system is said to be the first in the country in which an insurer charges premiums according to flood risk.

    Asia | 13 Jan 2020
  • Japan: New leader strives to fix trust issues after insurance sales scandal

    Following a scandal involving the inappropriate sales of insurance products which eventually prompted the resignation of top leadership, newly-appointed Japan Post Holdings president Hiroya Masuda has pledged to regain the public's trust in the postal service conglomerate.

    Asia | 10 Jan 2020
  • Deadly typhoons in Japan costs insurers $17bn, estimates Munich Re

    The biggest Nat CAT losses in 2019 were caused by typhoons Hagibis and Faxai in Japan which emerged as the two costliest natural catastrophes of that year in terms of both overall losses and insured losses, revealed new data from reinsurer Munich Re.

    Asia | 09 Jan 2020
  • Japan: Major insurers hike motor insurance premiums

    The four companies are: Tokio Marine & Nichido Fire Insurance, Sompo Japan Nipponkoa Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance.

    Asia | 08 Jan 2020
  • Japan: Payments of typhoon-related insurance claims hit by lack of damage estimates

    Non-life insurance companies have been hampered in paying compensation for claims arising from Typhoon Hagibis last October and Typhoon Faxai in September. This is because of the shortage of manpower who provide repair estimates for damaged properties.

    Asia | 06 Jan 2020
  • Japan: EY highlights what non-life insurers could see in 2020

    International professional services firm EY has pointed out that more non-insurance companies (largely financial services players) are entering Japan's P&C market, which could significantly impact the dominant position of the top P&C insurers.

    Asia | 02 Jan 2020
  • Pana Harrison joins forces with Mitsui

    Major global trading and investment firm Mitsui & Co is all set to become Pana Harrison (Asia) Singapore's largest institutional shareholder following a long-term partnership agreement between both parties. The latter's management will continue to manage and own a stake with private equity firm The Huntington Group retaining a strategic minority stake in the firm.

    Asia | 31 Dec 2019

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