Japan
Sumitomo Life new plan covers despicable contact lenses
Sumitomo Life new plan covers despicable contact lenses
The policy provides a one-time payout of $33.40.
Sumitomo Life strong despite investment pressures: Fitch Ratings
Its underwriting profitability recovered, with core profit margin at 12%.
Sumitomo Life's capital remains solid despite solvency ratio decline
Sumitomo Life’s core profit margin increased to 12%.
Meiji Yasuda Life’s core profit up 27% from strong sales
The weaker yen against the US dollar also boosted profits.
Japanese insurer targets ¥45b in green premiums
Tokio Marine Group is also working with its corporate clients and investors.
Sompo’s risk-adjusted capitalisation reaches peak levels
Despite exposure to equity risk, Sompo has sufficient capital to absorb loss.
GIAJ pushes for earthquake insurance in risk zones
The association is also revising its business practices.
Howden steps foot into Japan’s retail insurance broking market
It acquired Foresight Holdings.
Japanese worry most about loss of property, life
88.9% of respondents cited earthquakes as their primary concern.
Yen products drive 13% revenue boost for Japanese insurers
Ordinary profits increased to US$22.40b.
Japan's insurance market tightens amidst increased disasters
Japan’s 3 major groups account for 86% of net premium income.
Rate hikes likely to boost Tokio Marine & Nichido Fire’s domestic non-life growth
The insurer has maintained a solid return on equity of 7.4% from 2019 to 2023.
Toa Re’s improved underwriting to boost financials overtime
Its FY 2023 net profit saw $110m.
Japan’s Shanshan brings major losses
The typhoon reached peak intensity on 27 August.
Japan’s vehicle insurance costs to climb in new year
The country’s big 4 players may raise premiums up to 5%.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
Nippon Life’s Q1 2024 net income skyrockets to $770m
Total new policies saw $4.1m during the period.
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