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Japan tag returned 665 results

  • Japan: Nippon Life buys stake in US retirement solutions company as part of 2024-26 business plan

    Nippon Life Insurance Company (Nippon Life), the biggest life insurance company in Japan, has announced that it has reached an agreement with Corebridge Financial and its parent company American International Group (AIG) to acquire a 20% equity interest in Corebridge.

    Asia | 17 May 2024
  • Japan: Asahi Mutual Life's underwriting profitability expected to rebound

    Asahi Mutual Life Insurance Company is expected to see a fall in hospitalisation claims, a development which should help restore its profitability from the financial year ended 31 March 2024 ( FYE24), says Fitch Ratings.

    Asia | 13 May 2024
  • Japan: Inflation continues to affect insureds exposed to Nat CAT

    According to the PERILS Industry Exposure Database (IED) 2024, the impact of inflation on insured exposures "continues to be visible". For instance, the PERILS IED for wind Japan remained stable in terms of JPY with y-o-y growth in "low single digits". However, when compared to the USD, the sums insured represented a decline of 5.1% y-o-y due to the appreciating dollar.

    AIRPlus | 09 May 2024
  • Japan: Noto earthquake claims continue to evolve

    Payouts on claims arising from the 1 January magnitude-7.5 Noto earthquake remain ongoing with the total insured loss, as estimated by the General Insurance Association of Japan (GIAJ), tentatively expected to exceed JPY100bn ($660m), says Aon.

    Asia | 03 May 2024
  • Japan: CAT reinsurance market at turning point

    The Japanese catastrophe reinsurance market has reached a turning point, although property risk, engineering and casualty lines remained somewhat challenging at the April renewal, according to Aon.

    Asia | 26 Apr 2024
  • Insurers must react to demographic changes in healthcare

    Asia is a region where the significance and impact of health, health care and health insurance cannot be overstated, said QBE Singapore CEO, Ronak Shah, speaking in his capacity as General Insurance Association of Singapore president at the 19th Asia Healthcare and Health Insurance Conference yesterday morning.

    Asia | 25 Apr 2024
  • Japan: Insurers pay out US$481m for losses arising from 1 Jan quake

    The General Insurance Association of Japan (GIAJ) has revealed that JPY74.44bn ($481.03m) has been paid out, up to 31 March 2024, on claims related to the 1 January Noto Peninsula Earthquake.

    Asia | 25 Apr 2024
  • Japan: Tokio Marine expands digital talent development courses

    Tokio Marine Holdings has announced that the Group will develop a new "Business Architect" development programme to be provided externally starting from May 2024. It would help to expand its data scientist development programme "Data Science Hill Climb" which has been offered externally since 2020.

    Asia | 23 Apr 2024
  • Japan: Life insurers expected to buy more domestic government bonds

    Japan's life insurers are likely to buy more domestic sovereign bonds this year after the end of negative interest rates in the country, reported Bloomberg.

    Asia | 17 Apr 2024
  • Japan: 2 major non-life insurers issue CAT bonds

    Mitsui Sumitomo Insurance Company and Aioi Nissay Dowa Insurance Co, as members of the MS&AD Insurance Group, have jointly issued the "Tomoni Re 2024" catastrophe bonds (CAT bonds) in Singapore covering domestic natural disaster risks in Japan.

    Asia | 05 Apr 2024

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