Japan
JFTC storms four big Japanese insurers for alleged cartel behaviour: Report
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%.
Tokio Marine forms new entity for disaster prevention and mitigation solutions
Tokio Marine Resilience will collaborate with Tokio Marine dR for core data functions and risk consulting services.
Dai-ichi Life’s capital efficiency to improve – Moody’s
The insurer has shown a strong domestic market position.
Marsh plans of Japan joint venture with MST Insurance Service: Report
The venture plans to offer specialised corporate insurance recommendations.
Higher domestic rates could raise investment income of Japanese life insurers: AM Best
Japanese life insurers may face a higher debt burden when they need to refinance their existing debt.
The general secretary of EAIC urges insurers to strengthen focus on ESG
EAIC said it serves as a platform for neighbouring countries in Asia to exchange information.
Tokio Marine’s September business sales fall 8% YoY
Year-to-date (YTD) total sales have reached JPY1.28t.
Tokio Marine boasts of new interim target for 2030 climate change initiatives
It also commits to be a responsible institutional investor.
August’s weather turmoil caused claim payments to reach Y40b – GIAJ
This was driven by a rainy season front and Typhoon Mawar.
GIAJ’s Chairman shares major initiatives to address shortcomings in the industry
It emphasises preventative measures against fraudulent insurance claims and prove-fixing practices.
Lower inflation rate moves Japan’s insurers to secure necessary reinsurance capacity in renewals
There has been a shortage of new capital entering the market due to rising interest rates.
Tokio Marine reaches carbon neutrality for 10th year in a row
CO2 emissions removal was executed through mangrove trees.
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