Japan

HDI Global's Clara Malcolm relocates to Japan as Senior Underwriter for Liability and Specialty

June 26 2024

Malcolm has been with the business since 2017 and relocates permanently to Japan following a six-month secondment in the country.

Japan's general insurance industry must work "tirelessly" to rebuild trust: GIAJ Chairman

June 24 2024

Keisuke Niiro stresses importance of restoring industry trust following price-fixing and fraud claims controversies.

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China’s life insurers can heed lessons from Japan’s low-yield strategies: Swiss Re Institute

June 24 2024

Declining investment yields means China is facing challenges similar to those seen during Japan's "lost decades."

Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch

June 21 2024

Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.

GIAJ reports US$350m in claims paid for Hyogo hail-fall

June 20 2024

As of 31 May, over 119,000 claims have been paid following the hail-fall.

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Japanese insurers balancing ESG pressures: Fitch

June 20 2024

ESG efforts catching up with overseas peers, but scrutiny remains because of country's renewable energy dilemma.

Japan's major non-life insurers report profit surge for FY2024

June 19 2024

Profits double, while net premiums rise, driven by strong overseas performance and yen depreciation.

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Major Japanese life insurers see rise in premiums and core business profits in FY 2024

June 19 2024

FSA data shows increased premium and net income for FY24, driven by higher single premium insurance sales and rising domestic interest rates.

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Sompo Japan faces further heat after investigation reportedly uncovers prearranged premiums

June 17 2024

An external investigation says it found Sompo Japan prearranged premiums with other non-life insurers, affecting 385 corporate clients.

GIAJ: Noto Peninsula Earthquake claims rise to ¥90.9bn (US$578.02m)

June 13 2024

Approx. 145k of 150k residential claims have been investigated, with 69% of claims paid.

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