Brookfield Wealth Solutions has signed a reinsurance agreement with Japanese insurance company Dai-ichi Frontier Life. This agreement marks the first Japan-based reinsurance agreement for Brookfield Wealth Solutions.
The 31 members of the General Insurance Association of Japan (GIAJ), in the financial year ended 31 March 2025 (FY2024) posted a combined net income (after tax) of JPY1,817bn ($12.4bn), 103% higher compared to FY2023, according to Toa Reinsurance's recently released "Japan's Insurance Market 2025" report.
The premium income and other revenues of Japan's 41 life insurance companies increased slightly by 0.1% year on year to JPY43.0tn ($292.4bn) in the fiscal year ended 31 March 2025 (FY2024), according to an article by the Life Planning Department of The Toa Reinsurance Company (Toa Re).
Sony Life Insurance has announced that it intends to enter into a block reinsurance transaction with retirement services company Athene, a subsidiary of Apollo Global Management.
Aon has appointed Mr Shinji Kuriyama as enterprise client leader, APAC in Japan. In his new role, he will lead Aon's relationships globally with its Japanese clients, providing integrated risk capital and human capital solutions
The General Insurance Association of Japan (GIAJ) has released a statement by chairman Shinichiro Funabiki on the main initiatives undertaken since he took up his position in June 2025.
Leading global investment firm KKR has acquired Japanese insurance distributor Hoken Minaoshi Hompo Group. This is expected to accelerate the insurance distributor's growth strategy and unlock new value, including through organic and inorganic growth strategies such as sales enablement and bolt-on acquisitions.
In Japan, across 11 cities, in the quarter century (1974 - 1998) the days of thunder and lightning were confirmed on an average 180 days annually. However, in the quarter century (1999 - 2023) the lightning incidences increased by 16.3% to 209 days per year according to the Nihon Keizai Shimbun's analysis of the Japanese Meteorological Agency's 50 years of data released by Yonhap News agency.
A survey conducted among insurance companies in Japan revealed that insurance premiums for solar power equipment has nearly doubled on average over the past five years, reported the Mainichi Shimbun.
Japanese life insurers facing a number of scandals involving their staff are now planning to make changes to their external transfer policies, said a report in the Japan Times.