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.
WTW has expanded its corporate risk and broking business in Japan with the launch of an insurance brokerage service. The new brokerage operation will be headed by Mr Tetsuro Nakazawa, head of WTW Broker Japan.
Miller has appointed Mr Satoshi Watanabe as business development manager of its Japanese business, Lead Insurance Services. In his new role, he will expand Miller's non-marine arm.
Japanese general insurance giant Tokio Marine has paused the sale of its $1bn Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring bancassurance agreement, four sources with knowledge of the matter said.
Sumitomo Life Insurance Company's core profit margin moderately improved to 12% in the financial year ended March 2024 (FYE2024), from 11% a year earlier, notes Fitch Ratings.
Manulife is integrating GenAI with agent operations in Singapore and enhancing capabilities in contact centres and underwriting processes.
Meiji Yasuda Life Insurance Company's core profit margin improved to 18% by the end of the financial year to March 2024 (FYE2024), from 12% a year earlier, notes Fitch Ratings.
While Sompo Japan Insurance (SJ) is exposed potentially to considerable equity risk from sizeable domestic stocks investments and underwriting risk from expanding overseas insurance business, it appears to have ample available capital to absorb such risks, says AM Best.