Japan recorded a sharp rise in multiple pregnancies linked to assisted reproductive technology (ART) in 2023, reaching a record 4,354 cases, according to a recent study.
American asset manager Apollo Global Management is eyeing the acquisition of a Japanese life insurer in a bid to gain market share in the Asian country.
Sumitomo Life expects insurance premium income to rise 3.7% to US$24.6 billion (JPY3.9 trillion) in fiscal year 2026 (FY 2026), whilst group core profit is projected to increase 2.9% to $2.6 billion (JPY420 billion).
Nippon Life Insurance Company has partnered with Blackstone in a comprehensive strategic partnership aimed at strengthening its investment capabilities in private credit and real estate. Under the memorandum of understanding, Blackstone will provide investment management services as Nippon Life seeks to enhance long-term returns and broaden its exposure to alternative assets.
Climatic conditions this year suggest that conditions are conducive to the formation of typhoons in the Northwest Pacific, which are more likely to hit Japan, the Greater China region or South Korea.
Japan's life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24% in 2023 and 2024 from just under 10% in 2020, according to a new AM Best report.
Japan's parliament has enacted reforms in the health insurance segment, that will help reduce medical costs and health insurance premium.
The national census of Japan in 2025 has recorded the steepest fall in its total population. It marks a decline of over 3m persons in the last five years, according to official preliminary statistics released on 29 May 2026.
Japan's Prudential Life Insurance has earmarked millions of dollars to compensate customers affected by employee misconduct.
Aon has appointed Mr Masahito "Max" Hirai as CEO of Japan, effective 30 June 2026 and subject to completion of regulatory formalities, where required.