Japan

Japanese Vessel with Indian seafarers engulfed in flames, salvage operations taking place

July 27 2023

The Fremantle Highway roll-on roll-off vehicle carrier experienced a devastating fire off the Dutch coast while transporting 2,857 vehicles, including electric vehicles - leading to the death of at least...

japanese-motor-insurers-in-the-spotlight-as-bigmotor-fraud-scandal-further-scrutinised

Major Japanese insurers in the spotlight as Bigmotor fraud scandal scruitinsed further

July 27 2023

Bigmotor submitted thousands of false insurance claims; enquiries are being made whether there’s more insurers should have done.

AM Best Affirms Aflac Life Insurance Japan's superior credit rating

July 26 2023

AM Best has reaffirmed the strong credit ratings of Aflac Incorporated and its subsidiaries, citing their strong enterprise risk management, operating performance, and business profile.

Japan P&I Club reports 2022 financial recovery amidst ongoing pandemic challenges

July 19 2023

Following a loss in the previous fiscal year, Japan P&C Club have rebounded to profitability following premium increases and a decrease in claims.

Fitch: Japanese P&C building toward improvement in combined ratio

June 29 2023

Insurers are taking proactive steps to address reinsurance costs and the impact of NatCats, while post-covid conditions should positively impact claims and underwriting profitability.

Fukoku Life launches JPY 5bn (US$35m) VC fund in partnership with Global Brain

June 21 2023

The fund, managed by Global Brain, aims to increase Fukoku Life's profitability through partnerships with start-ups.

japans-fsa-orders-major-japanese-pc-insurers-to-report-on-alleged-cartel-formation

FSA investigates alleged cartel formed by major Japanese P&C Insurers

June 20 2023

Reports claim that Tokio Marine, Sompo, Mitsui Sumitomo, and Aioi Nissay Dowa conspired to offer fire insurance premiums which were significantly different from past policies.

Mitsui Sumitomo maintains superior financial strength and credit ratings from AM Best

June 11 2023

The Japanese insurer, owned by MS&AD Insurance Group, has maintained an average combined ratio of 94.1% over the last 5 years.

Aioi Nissay Dowa Japan and China have credit ratings affirmed by AM Best despite equity and business concentration risks

June 11 2023

Both entities have held combined ratios in the mid-90's over the last five years, though some low-risk concerns are on the horizon.

japan-post-insurance-to-make-a-material-investment-in-reinsurance-vehicle-sponsored-by-u-s-head-quartered-global-atlantic

Japan Post Insurance to invest in international reinsurance vehicle as part of international growth strategy

June 7 2023

The news was announced as part of a strategic partnership between Japan Post, investment firm KKR, and the U.S. head-quartered (re)insurer Global Atlantic.

Another day, another exit: Japan's MS&AD and Tokio Marine joins NZIA exodus

May 30 2023

Their departures make it three from three big Japanese insurers who have left the climate Alliance, after Sompo withdrew last week.

A photo of a dark room with someone in head in hands in the light of a doorway that looks like a phone.

Report: Tokio Marine to launch product to help protect children from bullying and harassment

May 17 2023

Tokio Marine join AIG and Sompo who launched products which help cover bullying and harassment-related costs

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