While Sompo Japan Insurance (SJ) is exposed potentially to considerable equity risk from sizeable domestic stocks investments and underwriting risk from expanding overseas insurance business, it appears to have ample available capital to absorb such risks, says AM Best.
To promote Tokio Marine Group's initiatives to tackle climate change in relation to insurance underwriting, the Japanese non-life insurance giant has set a group-based target for decarbonisation-related insurance premiums as an interimgoal towards realising a decarbonised society, announced Tokio Marine Holdings president and group CEO Satoru Komiya.
Japan will once again be hosting EAIC in 2026, 24 years after the country last staged the biennial event in 2002.
The GIAJ is now working hard to realise a healthy competitive environment and to improve the quality of business operations, according to Mr Hiroaki Shirota, chairman of the association.
The General Insurance Association of Japan (GIAJ) has reaffirmed that the management policy of the GIAJ and its member companies is to place the highest priority on thorough compliance with laws and regulations, customer-oriented business operations, and a fundamental review of old industry practices, said Mr Hiroaki Shirota, chairman of the association.
The General Insurance Association of Japan said yesterday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero, reported Reuters.
Howden has entered the Japanese retail insurance broking and captive consulting and management markets. Mr Takuya Aibe has been appointed CEO of Howden Japan's retail business.
Policy reviews and changes by the Bank of Japan (BOJ), the country's central bank, are affecting life insurance companies, notes The Toa Reinsurance Company (Toa Re).
Howden, a global insurance intermediary group, yesterday announced its launch into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings.
Competition is intensifying among insurance companies involved in group credit life insurance in Japan, says the Life Planning Department of The Toa Reinsurance Company (Toa Re).