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Browsing: Japan
Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. to merge in 2027, forming the nation’s largest non-life insurer.
MS&AD Insurance Group Holdings plans to merge Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance by April 2027 to create a leading non-life insurance company in Japan.
Taiyo Life Insurance has finalized a significant reinsurance transaction with Fortitude Re, covering a substantial portion of its whole life annuity business.
An overview of the regulatory framework and the evolution of the Japanese insurance market, and its attractiveness to foreign insurers.
Fortitude Re has reached an agreement with Taiyo Life Insurance Company to reinsure a significant portion of its whole life annuity business.
Nippon Life Insurance reported strong financial results for the first nine months of fiscal year 2024, showcasing significant growth in net income.
Lifenet Insurance Company (JP:7157) has been recognized by J.D. Power for its customer satisfaction in direct life insurance, marking its fifth consecutive year at the top. The company attributes its success to strategic initiatives focused on technology, rebranding, and embedded services.
Smartpay Corporation has partnered with Chubb Insurance Japan to introduce embedded insurance in the Japanese market, enhancing the payment experience for consumers.
Aon’s acquisition of Mitsubishi Chemical’s in-house insurance agency business expands its presence in the Japanese market.
Aon’s strategic move to acquire Mitsubishi Chemical’s in-house insurance agency aims to bolster its capabilities in Japan, with a focus on risk and human capital solutions.