Mitsui Sumitomo

Mitsui Sumitomo Insurance invests US$30m in cyber MGA Coalition

March 4 2025

The two companies have previously signed a multi-year capacity agreement in Australia.

Mitsui Sumitomo's combined ratio improved to 95% in H1 FYE25: Fitch

March 3 2025

Fitch affirms ratings, with overseas profitability rising while nat cat losses decline.

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.

Four Japanese insurance giants cut executive pay in wake of price-fixing investigation

March 1 2024

130 executives face temporary salary reductions up to 50%, as insurers submit business improvement plans following investigation into co-insurance policy collusion.

japanese-non-life-insurers-to-divest-from-cross-held-shares-report

Japanese non-life insurers to divest from cross-held shares over next few years - report

February 29 2024

FSA crackdown on collusion practices prompts JPY6.5tn (US$43bn) share divestment by Japanese insurers.

japan-ftc-continues-price-fixing-investigation-of-four-major-insurers-with-on-site-inspections

Japan FTC conducts on-site inspections of major insurers in ongoing price-fixing probe

December 20 2023

Tokio Marine, Sompo, Mitsui Sumitomo, and Aioi Nissay Dowa confirm inspections and are cooperating with the Japan Fair Trade Commission

Mitsui Sumitomo Insurance developing space tourism coverage: report

December 19 2023

Japanese insurer working with partners to target growing suborbital flights industry.

Insurers explore “co-creation” to engage with startups

December 7 2023

Industry leaders spoke on feasibility of co-creation model at Insurtech Insights Asia 2023 .

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.

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