Japan's insurance regulator has released new regulations, that will come into effect from 1 March 2028, requiring multi-insurer agencies to compare several products aligned with customer intent before making recommendations.
Over the past month, Asia has been hit by two Nat CAT events, namely typhoon Dolphin in China, the Philippines and Taiwan, and Japan's 5.9-magnitude earthquake.
Sompo Japan Insurance will raise automobile insurance premiums by an average of around 5% from January 2027, following a 1.8% increase implemented in July 2026.
The number of claims for the Kumamoto earthquake of 28 July 2026, accepted by the member companies of the General Insurance Association of Japan (GIAJ), have exceeded 40,000 as on 31 July 2026.
Japan's Financial Services Agency has launched interviews with insurers that had business dealings with insurance agency Advance Create, following allegations that insurers may have assisted in concealing improper accounting practices, according to a report by Toyo Keizai.
Japan's continued reliance on fossil fuels poses significant risks to its economy and people's livelihoods, according to a new report jointly published by SOMPO Institute Plus and Japan Youth Council.
Japan's Financial Services Agency (FSA) has warned of growing difficulties for high-risk companies and large factories to secure corporate insurance under the same terms as in the past, as non-life insurers strengthen risk-based underwriting.
Meiji Yasuda Life Insurance, one of Japan's top five insurers, is considering the implications of an industry-wide increase in policy cancellations, according to its Deputy President, Atsushi Nakamura.
Insurers are increasingly focusing their AI strategies on empowering employees rather than replacing them, to combat persistent workforce shortages while streamlining operations.
Verisk's Catastrophe and Risk Solutions group has estimated insured losses of the 6.8 magnitude earthquake that struck near Kumamoto City in Japan on 28 July to be between JPY220bn ($1.4bn) and JPY340bn.