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Japan tag returned 431 results

  • Japan: Parametric earthquake insurance collaboration with seismograph manufacturer

    Japanese corporates can now avail parametric earthquake insurance using the compact seismograph, ACCURA certified by the Japan Meteorological Agency.

    AIRPlus | 27 Jul 2021
  • Japan: Non-life insurance sector's profitable underwriting supports stable outlook

    The market segment outlook on Japan's non-life insurance industry, predominantly driven by carriers' profitable underwriting performance amid the COVID-19 pandemic, is stable, says AM Best in a report released last week.

    Asia | 27 Jul 2021
  • Olympics: Reinsurers to bear losses of up to US$400m for Games without spectators

    Japan's decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300m-400m due to payouts for ticket and hospitality refunds, Fitch Ratings says.

    Asia | 15 Jul 2021
  • Barring crowds from Olympics to cost reinsurers about $400m

    Japan's decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300m to $400m due to pay-outs for ticket and hospitality refunds, Fitch Ratings said. However, this is only 10%-15% of the amount reinsurers would have faced had the Olympics been cancelled, and its impact on earnings should be limited, leaving capital and ratings unaffected.

    AIRPlus | 13 Jul 2021
  • Japan: Life insurers continue to be pressured by COVID-19 fallout

    The COVID-19 pandemic has dented life insurers' top-line growth while low interest rates have dampened their investment income significantly. Consequently, AM Best says that it is maintaining its negative market segment outlook on Japan's life insurance segment.

    Agents | 02 Jul 2021
  • Japan: Life insurers continue to be pressured by COVID-19 fallout

    The COVID-19 pandemic has dented life insurers' top-line growth while low interest rates have dampened their investment income significantly. Consequently, AM Best says that it is maintaining its negative market segment outlook on Japan's life insurance segment.

    Asia | 01 Jul 2021
  • Companies to merge to offer enhanced risk management capabilities

    Dentsu Public Relations will absorb risk consultancy K&D Consulting to strengthen the Dentsu Group's expertise in the risk consulting field and enhance the value provided to companies and organisations.

    Asia Risk | 30 Jun 2021
  • First Japanese insurance company to adopt coal exit policy

    On 25 June, MS&AD adopted a policy that it would no longer insure or invest in new coal power plants, becoming the first Japanese insurer to make this move. The policy follows on the heels of similar announcements by four Korean insurers on 21 June, isolating Tokio Marine, Japan's biggest insurer in the power sector, and its smaller rival Sompo, as some of the world's last remaining coal insurers.

    AIRPlus | 29 Jun 2021
  • Japan: General insurers to focus on climate change

    Members of The General Insurance Association of Japan (GIAJ) will further focus their efforts on climate change in the current fiscal year ending 31 March 2022 (FY2021) as the issue presents a global and urgent challenge that requires bold initiatives from a medium to long-term perspective, says Mr Shinichi Hirose, the association's chairman.

    Asia | 29 Jun 2021
  • Japan: Pricing boosts underwriting results of major non-life groups

    Better pricing will continue to support the underwriting performance of Japanese non-life groups - MS&AD Insurance Group Holdings, Tokio Marine Holdings and SOMPO Holdings - in the financial year ending 31 March 2022 (FYE22), Fitch Ratings says. Non-life insurers are benefiting from higher rates in the mainstay automobile and fire business lines.

    Asia | 15 Jun 2021


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