Japan
Noto earthquake hit 22,000 homes, loss estimate still at $6b
The losses covered damages from secondary impacts such as fire, tsunami, landslide, and liquefaction-induced ground movement.
Noto earthquake hit 22,000 homes, loss estimate still at $6b
The losses covered damages from secondary impacts such as fire, tsunami, landslide, and liquefaction-induced ground movement.
GIAJ initiates survey for efficient assessment and claim payments after earthquake
The survey will be conducted through the use of aerial and satellite photography.
Regulator urges Sompo Japan to address corporate culture after Bigmotor scandal: Report
Bigmotor was involved in charging excessive repair fees.
Japan bucks trend, positive asset returns boost pension index in Q4’23
The pension index decreased across regions for the full year, with single-digit decreases, except for Japan and the US.
Meiji Yasuda's operating performance backed by solid balance sheet – AM Best
The insurer has demonstrated a large premium revenue stream and strong base profits.
LIAJ Chair shares three pillars the industry will focus on this 2024
The chair also hopes to improve the industry through changes in life insurance tax deductions and financial regulations.
Noto Peninsula quake could drive total insured losses to $6b – Moody’s RMS
The losses account for property damage, contents, and business interruption across various sectors.
Japan's major non-life insurers set to weather earthquake losses, strong capital buffers to cushion impact
AM Best said the major non-life insurers carry diversified portfolios and strong capital positions.
Japan earthquake could reach $1.8b insured losses – Verisk
The estimate focuses on insured property losses.
Tokio Marine Holdings completes sale of TMPI
Calvo Enterprises was the purchasing entity.
Japan plans of space tourism insurance by 2030: Report
The plan is to provide coverage for injuries and other issues that could arise during space travel, akin to conventional travel insurance policies.
JFTC storms four big Japanese insurers for alleged cartel behaviour: Report
The insurers are suspected of using co-insurance policies as a mechanism for coordinating and fixing premiums.
Japan’s fundamentals to stay healthy in 2024 – Fitch Ratings
Japanese life insurers are likely to increase their investments in super-long government bonds in 2024.
Japan’s life insurance segment accelerates in August
Individual insurance and group insurance both saw large increases YoY of 104.9% and 83.9%, respectively to Y4.0t and Y283b.
Aon bolsters Asian Transaction Solution team
Shunsuke Takechi will take on the role of associate director.
Nippon Life acquired a nursing care group: Report
The acquisition is worth $1.43b.
Japan’s public insurance to include treatment for obesity: Report
Despite concerns, Novo Nordisk claims Wegovy reduces the risk of major adverse cardiovascular events by 20%.
Thought Leadership Centre
Most Read
1. 8 in 10 consumers do not trust organisations to manage their datad 2. Will reinsurers see price increases in 2025? 3. China's financial assets hit $68t, insurance surge 15.7% YoY 4. Cambodian insurers see gross premiums inch up 1.92% in August 5. Reinsurance market slated for 6.5% annual growth until 2032Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
Are insurers ready for solar power's rapid growth?
![Are insurers ready for solar power's rapid growth?]()
Insurance
Solar PV systems are attracting over $500b in investments in 2024.
Solar PV systems are attracting over $500b in investments in 2024.
Commentary
Intelligent decisioning: The essential element of a modern, customer-centric insurance business
Going green carries its own environmental risks