Japan
Japan's life insurers see profit rise amidst lower claims
The industry is projected to deliver better core profits in FY2024.
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Thanks to its resilient capital base and strategic equity disposal plans.
Miller names head of non-marine broking for Japanese arm
Tokinori Kono joins from I&T Risk Solutions.
Japanese life insurers to maintain strong credit in FY2025
Fitch Ratings expects insurers' capital adequacy to stay adequate.
Kyobo Life's profits reach $230m in Q1
CreditSights said this was the second-highest earnings figure in the market.
Asahi Life’s core profit soars fivefold in FY23
This was equivalent to $190m.
Fukoku Life posts record core profit in FY23
Despite a slight dip in premiums, its core profit accumulated $640m.
Japanese insurers eye profit from hikes in fire and auto insurance
FY24 profit targets exceeded Jefferies’ forecasts.
Japan insurers pay $215m for April hail damage
Nearly 100% of the claims received were covered.
Pacific Life Re secures reinsurance deal with Tokio Marine & Nichido Life
This will benefit Anshin Life’s product portfolio.
Sumitomo Life lags in attractiveness amongst peers
The insurer expects a 15% YoY increase in consolidated insurance premiums.
Meiji Yasuda bags solid solvency ratio
Meiji’s Elevance Health acquisition is expected to lift its premiums.
GIAJ completes $540m claim payments for Noto quake
More than half of this was under the Ishikawa Prefecture.
Sompo forecasts $1.47b net income for FY’25
Its FY’24 net income significantly grew compared to the previous year.
Japan pays $610b claims from severe rain last year
This included heavy rainfall “Baiu” and Typhoon Mawar.
Tokio Marine targets EPS growth of 8% by 2026 in new plan
Its new mid-term plan aims to counter risks and boost control.
Commentary
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