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Japan
Major Japanese insurers to raise fire premiums by 10% this year - report
May 9 2024
Four major Japanese insurers to raise premiums in October, marking first hike in two years.
Mitsui Sumitomo Insurance aiming to offload all cross-held shares within two years - report
May 7 2024
Incoming head pledges rapid divestment as part of response to price-fixing scandal that hit major Japanese insurers.
Japan's corporate health rates set to hit record high in 2024 - report
April 25 2024
Japan's corporate health insurance societies face a record premium rate and a ¥657.8bn (US$4.25bn) deficit in FY 2024.
90% of Noto Earthquake claims investigated as of 31 March
April 22 2024
Latest figures from GIAJ show that approx. 115,000 of 128,000 claims investigated, with 81,000 claims now paid.
Dai-ichi Life eyeing overseas growth, sees market potential for more unsolicited acquisitions - reports
April 20 2024
Recent US$2bn Benefit One acquisition marked shift from conservative approach traditionally applied by Japanese insurers.
Asia bears 40% of Q1 nat cat economic losses: Gallagher Re
April 18 2024
Japan's earthquake contributes US$12bn of Asia's US$17bn in natural catastrophe losses, according to preliminary data.
PERILS: Global nat cat insurance exposure rises 11.7%, Japan wind sees more modest growth
April 13 2024
2024 Industry Exposure Database shows global insured property assets hit US$111 trillion.
Nippon Life sets sights on India with approval of new Mumbai subsidiary
April 12 2024
Expansion in India aligns with group's ambitions to strengthen overseas operations.
MLC Life appoints Koji Ichiba as Board Director
April 3 2024
Ichiba joins from parent company Nippon Life and will replace Tomonao Gotoda, who returns to Tokyo in a senior role within the group.
Reinsurers maintain increased property cat risk appetite during 1.4 renewals: Gallagher Re
April 3 2024
More available capacity during renewals as reinsurers continue search for growth, with reinsurance appetite outstripping demand in Japan.
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