In Japan, major companies, including a few major insurers, are permitting employees to hold side jobs, viewing the step as a morale booster that pays dividends for both the individual and enterprise in question.
Japanese insurer Dai-ichi Life Holdings has acquired New Zealand firm Partners Life as a wholly owned subsidiary.
Dai-ichi Life Holdings has announced its acquisition of 100% of the shares in Partners Group Holdings Limited, the parent company of Partners Life for NZ$980m ($630m).
Dai-ichi Life will acquire the company through its wholly owned subsidiary Dai-ichi Life Insurance International Holdings, which controls the group's overseas business.
Tokio Marine Asia has formed a strategic partnership with Arbor Ventures, a leading global FinTech / InsurTech-focused venture capital firm, headquartered in Singapore.
Insurance giant Tokio Marine Holdings has announced that the group will report a loss of JPY53.9bn ($405.8m) in the quarter ending 30 September due to COVID-19 claims incurred by its insurance unit in Taiwan.
Tokio Marine Holdings, Hirosaki University, and Tokyo-based health management services company Value HR have jointly established the Department of Healthy Life Expectancy Extension Science as a joint research unit within Hirosaki University Graduate School of Medicine.
Life insurers and pension funds in the country sold record amounts of foreign bonds in July as heightened volatility in global debt markets dampened appetite.
Fitch Ratings has assigned Dai-ichi Life Reinsurance Bermuda (Dai-ichi Life Re) an 'AA-' (Very Strong) Insurer Financial Strength (IFS) Rating. The outlook is 'Stable'.
Mitsui Sumitomo Insurance (MSI) will acquire US reinsurance broker Transverse Insurance Group for an estimated $400m.
With Japan experiencing one of its hottest summers on record this year and thousands of Japanese hospitalised for heat-related medical issues, Japanese insurance companies have come up with daily coverage for heat stroke.