The outlook for Meiji Yasuda Group for the financial year ending 31 March 2025 (FY2024) remains positive, with insurance premiums expected to increase, says CreditSights, a credit research unit of the Fitch Group.
Nippon Life, one of Japan's biggest life insurers, anticipates a decrease in insurance and service revenue for the full financial year ending 31 March 2025 (FY2024), says CreditSights, a credit research unit of the Fitch Group.
The domestic underwriting profit of Nippon Life Insurance Company, one of Japan's biggest life insurers, began to recover from mid-2023, after the government eased COVID-19 pandemic-related restrictions, says Fitch Ratings. This will help profitability return to pre-pandemic levels from the financial year to March 2025 (FYE25).
Nippon Life Insurance Co has said that it will raise its promised yields on some retail insurance products with regular premium payments for the first time in about 40 years.
Japan's top three non-life insurance companies have posted record consolidated net profits in April-September thanks to gains from the sale of cross-held shares and strong overseas operations.
Tokio Marine Group has announced that it is partnering with the Resilient Cities Network (R-Cities) to support cities to develop holistic portfolios of resilience projects.
Life insurers and megabanks in Japan are increasing exposure to private credit and equity overseas, primarily in the US, to boost returns, says Moody's Ratings.
T&D Insurance Group is strengthening its capital base by expanding underwriting profits and reducing exposure to market risk, says S&P Global Ratings (S&P) in a new report.
Toa Reinsurance Co has made efforts to improve its profitability, says S&P Global Ratings in a recent report titled "Asia-Pacific Reinsurance Sector Update - Improvements Are Underway".
WTW, a leading global advisory and broking solutions company, yesterday announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service.