Meiji Yasuda Life Insurance, one of Japan's largest insurers, has launched "Easy Access to Insurance for Everyone" initiative, that it dubs as "the insurer's version of financial inclusion".
Mitsui Sumitomo Insurance (MSI) and its parent MS&AD Insurance Group Holdings (MS&AD Group) are expected to maintain strong non-life underwriting results, which will be supported by improvement in pricing and reduction in pandemic-related losses in 2022, assuming losses from natural catastrophes remain at the historical average, says Fitch Ratings.
Nippon Life Insurance Co is lowering its estimated rate of return on corporate pension insurance policies. This will be the first time it has slashed its estimated rate in 21 years.
Tokio Marine, a Tokyo-headquartered insurance corporation, said yesterday that it has launched a $42m corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage startups around the world.
Japanese non-life insurers have suspended undertaking new contracts entirely with domestic firms that operate in Russia, affected by Moscow's countermeasures against economic sanctions following its invasion of Ukraine, reported Kyodo News citing sources close to the matter.
Reinsurance Group of America, a leading global life and health reinsurer, has reached an agreement with Taiyo Life Insurance Company (Taiyo Life), a subsidiary of T&D Holdings, to reinsure JPY160bn of statutory reserves through coinsurance.
Global reinsurance broker, Gallagher Re, has outlined several developments taking place during the 1 April 2022 reinsurance renewal period that was largely driven by Japanese business.
The International Association of Insurance Supervisors (IAIS) will be holding its annual general meeting and annual conference in Tokyo in November 2023, according to a newsletter published on its website.
Reinsurance rates showed modest increases at 1 April characterised by an orderly renewal season, according to the "1st View " April reinsurance renewals report released last week by Gallagher Re, a global reinsurance broker.
Japan's new economic capital regulations will improve insurers' capital management, promote balanced risk-taking and make capital metrics more reflective of, and responsive to, interest rate changes, according to Moody's Japan K K in a new report released yesterday.