Japan

AM Best assigns Japan P&I Club 'A-' rating

January 6 2025

Improved combined ratio and strong capitalisation underpin P&I Club's stable outlook.

Sedgwick announces new leadership appointments in Japan and Taiwan

January 6 2025

Shuji Tanaka (left) and Cameron Lee (right) named as CEOs for Sedgwick Japan and Taiwan, respectively.

Fitch upgrades Asahi Life's outlook, with core profit margin now above pre-pandemic levels

December 18 2024

Fitch affirms ratings while acknowledging Japanese insurer's strategic shift to more profitable products.

Japan's life insurance premiums may fall short of 2023 levels: AM Best

December 18 2024

Premium income rebounded dramatically in 2023, but interest rate volatility could lead to a decline this year.

nippon-life-to-acquire-resolution-life-for-us8-2bn-in-landmark-deal

Update: Nippon Life agrees to acquire Resolution Life in landmark deal

December 11 2024

Nissay agrees deal, believed to be valued at US$8.2bn, which represents the largest-ever acquisition by a Japanese insurer.

japan-p-and-i-club-implements-7-premium-hike-for-2025

Japan P&I Club implements 7% premium hike for 2025

December 10 2024

Club says it adjusted rates amid rising claims, reinsurance costs, and global risks.

sumitomo-lifes-capitalisation-to-remain-solid-despite-rising-investment-risks-s-and-p

Sumitomo Life’s capitalisation to remain solid despite rising investment risks: S&P

November 29 2024

S&P affirms A+ ratings, taking into account 2024 acquisition of Singapore Life and changes in asset allocation.

Aon acquires Mitsubishi Chemical Group’s insurance agency

November 26 2024

Aon signs agreement to acquire MCG's in-house insurance agency in a move that will expand its risk and health offerings in Japan.

Tokio Marine revises full-year net income forecast upward

November 20 2024

Insurer says it is leveraging foreign exchange gains and equity sales to offset challenges in Asian life insurance, boosting profitability forecasts.

Fitch upgrades Nippon Life's outlook with insurer set to bounce back to pre-COVID profitability by FYE25

November 19 2024

Japan’s largest insurer sees swift recovery from mid-2023, reflecting its new outlook from stable to positive.

SAP Fioneer eyes Japan expansion through Fujitsu Partnership

November 18 2024

Insurtech looking to launch localised version of cloud platform to streamline and standardise operations for Japanese insurers, who are facing regulatory and demographic shifts.

Regulator fines Japan's major non-life insurers for price-fixing

November 1 2024

JFTC has imposed fines totalling ¥2bn (US$13m) and issued cease and desist orders over anti-competitive activities.

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