Japan is the top-ranked country in Asia, based on Swiss Re's metrics for availability, accessibility and affordability of health insurance in Asia, according to the reinsurer's head of life and health reinsurance APAC excluding China, Ms Daisy Ning.
The Japanese government has initiated a survey on public health insurance usage by foreign residents living in the country. Some lawmakers had raised concerns that people may come in from overseas to take advantage of the support for expensive medical treatment.
Japanese insurance companies are expanding overseas and making acquisitions primarily because the domestic market has matured, with limited growth potential due to a shrinking and aging population, according to the latest report by AM Best.
There is an 80% probability of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough, according to a report issued by the Japanese government.
Tokio Marine Holdings will change the name of Tokio Marine Healthcare Business Establishment Preparatory Company, which was established as a wholly owned subsidiary in April 2023, to Tokio Marine Healthcare Co.
Japanese life insurer Dai-ichi Life Holdings Inc. will take a 15.1% stake in an Australian life insurer Challenger.
Japan's insurers are taking advantage of growth opportunities in international markets, particularly in the United States, Australia and other developed economies to maintain long-term growth and diversify revenue streams, says AM Best.
A series of wildfires that broke out in Japan and South Korea in March this year were fuelled by human-induced climate change according to a new rapid analysis.
MS&AD Insurance Group Holdings has announced its decision to proceed with specific discussions and preparations for the merger of Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance within the group. The target date for the merger is in April 2027.
Taiyo Life Insurance has signed and closed a $4bn reinsurance transaction with Fortitude Re. Under the transaction, Taiyo Life has reinsured a significant portion of its whole life annuity business to Fortitude Re. Taiyo Life will continue to service and administer the reinsured policies.