In an interview with the FT, Satoru Komiya committed to facing the increasing threat of climate change in order to act as a 'shock absorber for society.'
Japan's life insurance industry is forecast to expand steadily in the coming years, despite potential challenges from changes in the Bank of Japan's monetary policy.
Marble Reinsurance Corporation's credit ratings are again affirmed, supported by a strong balance sheet, strict underwriting discipline and a five-year average combined ratio of 59%
Sumitomo Life Insurance has maintained its strong 'A+' rating from Fitch Ratings, amid steady expansion in APAC and potential for a recovery in underwriting profitability.
Japanese insurer Mitsui Sumitomo is preparing to launch an artificial intelligence-powered camera service for home security, potentially bundled with insurance solutions.
MST Marsh will offer specialist knowledge in commercial business lines, focusing on corporate with annual turnover between ¥30bn and ¥200bn (US$200m - US$1.3bn).
McGregor has been with the business since 2002 and will oversee underwriting and portfolio management for Chubb's Property business across APAC and Japan.
AM Best maintains 'Stable' outlook, taking into account surge in foreign currency-denominated savings products, potentially higher domestic interest rates, and improved core profits.
