Japan

am-best-affirms-toa-re-ratings-with-reinsurer-seeing-underwriting-improvement-in-fy-2023

AM Best affirms Toa Re's ratings, with Japanese reinsurer seeing underwriting improvement in FY23

September 2 2024

Toa Re's underwriting performance improved in FY2023 due to non-life portfolio rebalancing and the absence of COVID-19-related losses.

over-2-million-customer-records-leaked-in-seconded-employee-data-breach-cases-report

Over 2 million customer records leaked in Japan seconded employee data breaches: Report

August 28 2024

Japan's non-life insurers set to report to Financial Services Agency within the week over significant unauthorised sharing of rival data.

Japan’s motor premiums to see 3.5% to 5% increase next year - report

August 27 2024

Amid inflation and nat cats, Japan's big four non-life insurers plan to hike premiums by 3.5% to 5% from January 2025.

japans-general-insurance-segment-expected-to-see-moderate-growth-to-2028-globaldata

Japan's GI segment expected to see moderate growth to 2028: GlobalData

August 23 2024

The industry has faced an economic downturn and been embroiled in scandals, but steady growth should be supported by inflation and nat cat protection appetite.

AM Best affirms Aflac Life Insurance Japan's A+ financial strength rating

August 21 2024

The ratings agency notes that Aflac continues to lead and innovate in Japan's medical and cancer insurance industry,

Crawford launches tailored 'Japan Connect' claims handling model

August 14 2024

Model provides Japanese businesses operating across Asia with claims handling tailored to Japanese culture, customs, and etiquette.

Meiji Yasuda to acquire American Heritage Life Insurance for US$2bn - report

August 14 2024

The acquisition, which is set to be finalised by June 2025, is part of a broader strategy by Japanese life insurers to expand abroad.

japan-p-and-i-club-reports-lowest-level-of-claims-in-five-years

Japan P&I Club reports lowest level of claims in five years

August 9 2024

Claims fell in 2023 but a challenging global macro and geopolitical outlook means the association raised member premiums in 2024.

Major Japanese non-life insurers to raise corporate fire premiums in October - report

August 8 2024

Insurers to raise premiums by no more than 15% to counter deteriorating profitability and align with FSA business improvement orders.

China, Japan life insurers top Asia Pacific list for capital raising in 1H 2024

August 6 2024

Asia-Pacific insurers raised over US$10 in 1H 2024, with East Asian life insurers dominating the top spots.

Dai-ichi Frontier Life signs flow reinsurance deal with Talcott Life Re

August 1 2024

Talcott is looking to expand its international business and it recently appointed a former Co-CEO of RGA Japan to ‘cultivate’ relationships with Asia Pac insurers

japan-pandi-club-receives-outlook-upgrade-from-sampp-global

Japan P&I Club receives Outlook upgrade from S&P Global

August 1 2024

Japan P&I exceeded expectations last financial year and S&P expects insurer to continue to strengthen its capital adequacy.

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