Over half of Japanese firms believe the Tokyo Olympic Games should be cancelled or postponed, the findings of a survey by think tank Tokyo Shoko Research show, casting further doubt over the fate of the troubled Games, according to a report by Reuters.
The operating performance of Dai-ichi Life Holdings (DLH) has been strong and stable, supported by a stable trend of premium income and ordinary profit, notes AM Best.
Heightened market risk amid low interest rates and prolonged economic uncertainty likely will hamper insurers' ability to achieve sustainable and consistent corporate value growth, according to AM Best.
Mr Akio Negishi, chairman of the Life Insurance Association of Japan (LIAJ) has said that because of the COVID-19 pandemic, there is a need to figure out the way forward for some time and that the present high degree of uncertainty will continue.
The new-sales performance of Nippon Life Insurance Company (Nissay) is likely to be affected negatively over the near term by the COVID-19 pandemic and the low foreign interest rate environment, says AM Best.
Japanese airline JAL has partnered with Allianz Travel to offer COVID-19 cover for the travel needs of its passengers.
Guy Carpenter has announced the appointment of Pietro Toffanello as head of Japan in Q1 2021.
Travel insurance and assistance provider Cover-More and Zurich Insurance Japan have started a partnership to offer travel insurance services to the flyers on Japanese airlines Peach Aviation. Peach Aviation currently services seven cities in Japan including Tokyo, Osaka and Sapporo.
In Japan, the pandemic has had a negative impact mainly on the new policy sales while in-force business, capital and profitability have largely remained unscathed according to an analysis by Moody's Japan K K.