Sumitomo Life Insurance Company's core profit margin moderately improved to 12% in the financial year ended March 2024 (FYE2024), from 11% a year earlier, notes Fitch Ratings.
Manulife is integrating GenAI with agent operations in Singapore and enhancing capabilities in contact centres and underwriting processes.
Meiji Yasuda Life Insurance Company's core profit margin improved to 18% by the end of the financial year to March 2024 (FYE2024), from 12% a year earlier, notes Fitch Ratings.
While Sompo Japan Insurance (SJ) is exposed potentially to considerable equity risk from sizeable domestic stocks investments and underwriting risk from expanding overseas insurance business, it appears to have ample available capital to absorb such risks, says AM Best.
To promote Tokio Marine Group's initiatives to tackle climate change in relation to insurance underwriting, the Japanese non-life insurance giant has set a group-based target for decarbonisation-related insurance premiums as an interimgoal towards realising a decarbonised society, announced Tokio Marine Holdings president and group CEO Satoru Komiya.
Japan will once again be hosting EAIC in 2026, 24 years after the country last staged the biennial event in 2002.
The GIAJ is now working hard to realise a healthy competitive environment and to improve the quality of business operations, according to Mr Hiroaki Shirota, chairman of the association.
The General Insurance Association of Japan (GIAJ) has reaffirmed that the management policy of the GIAJ and its member companies is to place the highest priority on thorough compliance with laws and regulations, customer-oriented business operations, and a fundamental review of old industry practices, said Mr Hiroaki Shirota, chairman of the association.
The General Insurance Association of Japan said yesterday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero, reported Reuters.
Howden has entered the Japanese retail insurance broking and captive consulting and management markets. Mr Takuya Aibe has been appointed CEO of Howden Japan's retail business.