JBA Risk Management, a flood specialist, has updated its Global Flood Model, introducing enhanced hazard maps, a broad range of future climate event sets and improvements to both processing speed and exposure disaggregation.
The General Insurance Association of Japan (GIAJ) is advancing an industry-wide system to assess the quality of insurance agency operations, its Chairman Shinichiro Funabiki has revealed. The objective is to improve insurance sales practices.
Tokio Marine Holdings (TMHD) has entered into a strategic partnership with National Indemnity Company (NICO), a reinsurance unit of Berkshire Hathaway.
Fitch Ratings has assigned Sompo Holdings, a Japanese global insurance and financial services group, a first-time Long-Term Issuer Default Rating (IDR) of 'A+'. The credit ratings agency also assigned an 'AA-' Insurer Financial Strength (IFS) rating to the core subsidiary, Sompo Japan Insurance. The outlook for both ratings is stable.
Howden has announced the expansion of its M&A insurance solutions capability in Asia, with 12 new appointments across Greater China, Japan and Singapore.
London-headquartered independent credit and political risk insurance (CPRI) broker BPL, has opened a new office in Japan.
Nippon Export and Investment Insurance (NEXI) has entered into a reinsurance agreement with Export Finance Australia (EFA), the export credit agency of Australia.
Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, has successfully completed its investment in W. R. Berkley (WRB) through the acquisition of 15% of WRB's issued and outstanding common stock entitled to vote on the election of directors.
Prudential Financial's Japanese life insurance division has reported that several employees working through contracted agencies accessed and circulated internal operational information to colleagues within the company.
The population of Japan has continued to shrink, with the number of births in Japan falling for the 10th straight year in 2025, according to official data. Preliminary data from the Japanese Ministry of Health shows that in 2025, a total of 705,809 babies were born, down by 2.1% from 2024.