The Prudential Life Insurance Company (POJ) and its parent company, Prudential Financial, have announced a voluntary 90-day suspension of new sales activity at Prudential of Japan.
Nippon Life Insurance Company's (Nissay) large and stable in-force book of business in Japan, coupled with a gradually improving earnings mix and expanding overseas operations, is expected to position the company to achieve sustainable solid core operating profits over the long term, according to AM Best.
Meiji Yasuda Life Insurance has identified 39 cases of inappropriate information removal involving employees seconded to banks and other institutions across four agencies.
Prudential Life Insurance, a major foreign life insurer, disclosed that around 100 current and former employees in Japan were involved in misconduct, including promoting fictitious investment products and defrauding or borrowing money from customers.
Japan's life insurance industry will focus on three key areas in 2026: strengthening customer trust, promoting sustainability, and improving public understanding. This is according to a New Year's message from Life Insurance Association of Japan (LIAJ) Chairperson Yukinori Takada.
Global insurance broker Aon announced on 7 January that it has secured a brokerage licence in Japan and launched a new corporate insurance broking division as part of its expansion in the market.
HDI Global has appointed Hiro Yamasaki as MD and Legal Representative of its Japanese branch. marking an important milestone in the Corporate & Specialty insurer's growth strategy for the region.
General Insurance Association of Japan (GIAJ) Chairman Shinichiro Funabiki released a statement outlining the GIAJ's policies and initiatives in response to current trends and developments.
Pacific Life Re has appointed Mr Soichiro Makimoto as Head of Japan Representative Office. In his new role, he will focus on enhancing Pacific Life Re's presence in Japan, bringing a deeper understanding of clients' needs to support the company's regional growth ambitions.
Nippon Life Insurance announced on 15 December that it will acquire Medical Data Vision (MDV), a medical data analytics company, for JPY56.8bn ($384m). The tender offer, priced at JPY1,693 per share-a JPY1,231 premium over the closing price on 12 December-will run from 16 December to 3 February 2026.