Japan

am-best-maintains-meiji-yasudas-a-rating

AM Best maintains Meiji Yasuda Life's A+ Rating

January 25 2024

Ratings affirmed with a stable outlook, thanks to strong balance sheet and demonstrated operational resilience in the face of COVID-19, AM Best said.

sompo-holdings-chairman-and-group-ceo-set-to-resign-over-bigmotor-insurance-scandal

Sompo Holdings Chairman and Group CEO to resign over Bigmotor insurance fraud scandal - reports

January 23 2024

Kengo Sakurada to resign in wake of subsidiary Sompo Japan's involvement in Bigmotor insurance fraud case.

Sompo Japan to name Koji Ishikawa as President - report

January 22 2024

Ishikawa poised to succeed Giichi Shirakawa, who resigned in September amid questions over Sompo's handling of business partner Bigmotor Co.

Japan non-life cat premiums set to continue rising

January 18 2024

The changing Japanese inflation outlook is enabling non-life firms to improve underwriting on catastrophe insurance.

cyber-a-key-concern-but-top-business-risk-varied-across-apac-allianz-report

Allianz identifies cyber as key concern, but top business risks diverge across APAC

January 17 2024

Allianz Risk Barometer sees cyber as top risk in three of nine APAC countries, but BI and Nat Cat rank high, with China focused on regulatory changes.

fsa-to-issue-business-improvement-order-to-sompo-japan-over-bigmotor-fraud-reports

FSA to issue business improvement order to Sompo Japan - reports

January 16 2024

Watchdog to mandate Sompo improve operations after probe reveals internal process failures related to dealings with used car dealer Bigmotor Co.

japan-new-year-earthquake-insured-losses-estimated-at-us6-4bn

Moody's RMS projects insured losses from Noto Peninsula Quake could hit US$6bn

January 12 2024

Moody's RMS provides the latest industry loss estimate at between US$3bn to US$6bn.

ils-investment-manager-leadenhall-capital-hires-senior-managing-director-for-japan-and-asia

ILS investment manager Leadenhall hires Yuko Hoshino as Senior MD, Japan and Asia

January 11 2024

Investment veteran Yuko Hoshino appointed to drive growth in Asia's insurance-linked securities market.

Insurance impact of Japan's Noto Peninsula earthquake likely to be 'small': Fitch

January 10 2024

Estimated losses are small compared to 2011's Great East Japan Earthquake, with Fitch echoing announcements from Moody's and AM Best that the credit impact on non-life insurers should be manageable.

Verisk: industry property losses from Noto Earthquake may hit US$3.3bn

January 9 2024

Verisk's initial data analysis predicts losses between US$1.8bn and US$3.3bn, which does not account for non-property or indirect losses.

Japan New Year earthquake insured losses estimated at US$6.4bn

January 5 2024

Despite losses, Moody's Japan and AM Best say credit impact on Japanese insurers will be manageable.

AIG leads US$130m insurance policy for Japan Airlines aircraft involved in Haneda crash: Report

January 4 2024

Post-landing collision with Coast Guard turboprop resulted in five deaths and first-ever hull loss for an A350.

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