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.
Miller, the London-headquartered independent specialist (re)insurance broker, has acquired Tokyo-based Lead Insurance Services.
The Life Insurance Association of Japan (LIAJ) last month organised a global networking event for the insurance industry with the OECD Insurance and Private Pensions Committee (IPPC) at the latter's headquarters in Paris, France.
In the current uncertain environment in which natural disasters and cyber security concerns are on the rise, it is important for the general insurance industry to not only help enhance the resilience of society but also to increase value to the community through addressing these issues as a new source of business growth, says Mr Giichi Shirakawa, the new chairman of the General Insurance Association of Japan (GIAJ).