Reih Angeles is Deputy News Editor at (Re)in Asia, steering the desk's breaking coverage of Asia Pacific insurance and reinsurance. Areas of specialty include insurer and life results, reinsurance and catastrophe losses, cyber, and regulatory change across India, Korea, China and Hong Kong.
The development comes as Japanese life insurers are looking to lift portfolio yields after years of balance-sheet rebalancing ahead of new capital rules.
Premiums for medium-to-high risk homes dropped and quote success rates rose, but lowest-risk areas saw a 31% premium rise driven by broader market forces.
The insurer says much of the impact will fall on households, with unpaid care projected at 123 million hours and 42% of treatment costs paid out of pocket by 2030.
