Mr Toshiaki Sumino has assumed the position of Chairperson of the Life Insurance Association of Japan (LIAJ), effective 17 July 2026.
Upon assuming the role of Chairperson of the Life Insurance Association of Japan (LIAJ) on 17 July 2026, Mr Toshiaki Sumino released his policy statement for the coming year.
Japan Post Insurance has signed an MOU with SCOR SE to manage life insurance risks of the Japanese insurer through a new joint investment vehicle.
Japan has amended its public health insurance laws in a bid to reduce healthcare spending and ease the social insurance burden on the working population, although the reforms have sparked concerns among patients over higher out-of-pocket medical costs.
Upon assuming the position of the General Insurance Association of Japan (GIAJ) Chairman, Ishikawa Koji set out his beliefs and commitments as follows:
The National Federation of Health Insurance Societies, or Kenporen has called for an overhaul of the country's public medical insurance system, reported the Jiji Press.
Japan's non-life insurance market is expected to expand steadily over the next decade, with market value projected to increase from $238.3bn in 2025 to $314.6bn by 2035, representing a compound annual growth rate (CAGR) of 3.14% between 2026 and 2035.
The General Insurance Association of Japan (GIAJ) appointed Mr Ishikawa Koji as Chairman at its Annual General Meeting on 30 June 2026.
Densely populated cities could face growing risks from changing global climate patterns, with Tokyo's Ueno Park facing mounting threats from rising temperatures, extreme rainfall and shifting weather conditions, according to a new physical climate risk assessment by HDI Risk Consulting (HRC), a subsidiary of insurer HDI Global.
AM Best has maintained its stable outlook on Japan's non-life insurance segment, noting among other factors rising interest rates and the introduction of the Japan Insurance Capital Standard (J-ICS).