The General Insurance Association of Japan (GIAJ) appointed Mr Ishikawa Koji as Chairman at its Annual General Meeting on 30 June 2026.
Densely populated cities could face growing risks from changing global climate patterns, with Tokyo's Ueno Park facing mounting threats from rising temperatures, extreme rainfall and shifting weather conditions, according to a new physical climate risk assessment by HDI Risk Consulting (HRC), a subsidiary of insurer HDI Global.
AM Best has maintained its stable outlook on Japan's non-life insurance segment, noting among other factors rising interest rates and the introduction of the Japan Insurance Capital Standard (J-ICS).
Japan's insurers turned net sellers of superlong government bonds in May, reversing their early fiscal-year buying as yields climbed to multidecade highs and volatility increased in the market.
Japan recorded a sharp rise in multiple pregnancies linked to assisted reproductive technology (ART) in 2023, reaching a record 4,354 cases, according to a recent study.
American asset manager Apollo Global Management is eyeing the acquisition of a Japanese life insurer in a bid to gain market share in the Asian country.
Sumitomo Life expects insurance premium income to rise 3.7% to US$24.6 billion (JPY3.9 trillion) in fiscal year 2026 (FY 2026), whilst group core profit is projected to increase 2.9% to $2.6 billion (JPY420 billion).
Nippon Life Insurance Company has partnered with Blackstone in a comprehensive strategic partnership aimed at strengthening its investment capabilities in private credit and real estate. Under the memorandum of understanding, Blackstone will provide investment management services as Nippon Life seeks to enhance long-term returns and broaden its exposure to alternative assets.
Climatic conditions this year suggest that conditions are conducive to the formation of typhoons in the Northwest Pacific, which are more likely to hit Japan, the Greater China region or South Korea.
Japan's life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24% in 2023 and 2024 from just under 10% in 2020, according to a new AM Best report.