Japan

Nat cats, new construction projects drive Japanese property insurance recovery in 2024: GlobalData

October 17 2024

GWP contracted in 2023, but GlobalData expects steady growth in the coming years, projecting the segment to top US$24bn in 2028.

asset-risk-higher-for-asia-pac-pampc-insurers-than-us-carriers

Asset risk higher for Asia Pac P&C insurers than US carriers

October 16 2024

P&C insurers in three major North Asian markets of China, Japan, and Taiwan hold almost three times the amount of regulatory capital for asset risk than US carriers.

fitch-affirms-sumitomo-lifes-ratings-as-international-growth-outpaces-domestic-recovery

Sumitomo Life’s international growth outpaces domestic recovery

October 10 2024

Fitch maintains Sumitomo Life's ratings as overseas premiums, boosted by the Singapore Life acquisition, now exceed 30% of total premiums.

Fitch affirms Meiji Yasuda Life's ratings as core profit jumps to 18%

October 7 2024

Japanese insurer’s underwriting recovery aided by post-pandemic recovery and a weaker yen.

Insurance claims for Typhoon Shanshan exceed US$180m

October 1 2024

The typhoon battered southwest Japan from 28 Aug to 1 Sep, causing widespread destruction and displacing up to 5.2 million people.

AM Best affirms Sompo Japan's ratings as fewer nat cat losses help underwriting results

September 30 2024

Insurer's outlook remains stable despite higher motor losses and expansion of international operations.

japan-p-and-i-club-announces-key-personnel-changes-in-underwriting-reinsurance-departments

Japan P&I Club announces key personnel changes in underwriting, reinsurance departments

September 27 2024

Starting 1 October, the Club’s Tokyo Underwriting Department will be split into two units.

Japan's life insurance premiums to reach just shy of US$350bn by 2029: GlobalData

September 24 2024

An ageing population and long life expectancy should boost demand for life insurance products in the country.

Keiichi Ishida appointed as Everest Insurance’s Head of Japan

September 24 2024

Prior to his new appointment, Ishida has worked with Zurich’s Japan desk for over seven years.

Howden Re sees opportunities to shake up the status quo in Japan

September 24 2024

Japan's regulator is clamping down on monopolistic behaviour. This could create new opportunities.

‘Unprecedented’ rainfall hit Japan’s Ishikawa prefecture

September 23 2024

The area is still reeling from the devastation left by a magnitude 7.5 earthquake that took place on New Year’s Day.

new-giaj-chairman-says-blunted-sense-of-risk-a-root-cause-of-compliance-failures

New GIAJ Chairman says "blunted sense of risk" a root cause of industry operational failures

September 23 2024

Hiroaki Shirota pledges reforms and restoration of trust following industry scandals which have weighed heavily on Japan's non-life industry.

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25 September