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1 through 20 of 67 matching documents, best matches first.   Sort by date

Japan's MS&AD Vows to Cooperate With Regulator in Monopoly Probe
Aioi Nissay Dowa Insurance Co. Ltd., the group said in a statement. The FSA issued administrative actions, including a business improvement order for "conduct considered to be in ...
Source: BestWire   Date: December 26, 2023
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Sompo Lowers 2019 Profit Forecast on Higher Domestic Cat Losses
Domestic unit Sompo Japan Nipponkoa Insurance Inc. narrowed its underwriting loss to ¥21 billion, compared with a ¥58.4 billion loss in the prior-year half. Domestic natural ...
Source: BestWire   Date: November 19, 2019
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Japan Looks to Introduce Economic Value-Based Solvency Regime in 2025
International Association of Insurance Supervisors. The proposed regime is intended to appropriately recognize financial conditions of insurance companies by consistently ...
Source: BestWire   Date: October 3, 2019
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Japan’s Nonlife Premiums Fell Slightly in 2018, Partly Due to Sale of Some Overseas Units
Sompo and Tokio Marine. The net income of the three groups aggregately increased 6.2% to ¥614 billion in the 2018 fiscal year, said the FSA. Despite the impact of natural ...
Source: BestWire   Date: July 16, 2019
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Japanese Nonlife Sector Capitalization Robust, Offsetting Higher Reinsurance Cost With Premium Hikes
Best Asia-Pacific Ltd. The impact on profitability from the rising reinsurance costs is expected to be offset by the rate hikes to some extent, said Shum. For the 2019 fiscal year ...
Source: BestWire   Date: June 21, 2019
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Japan’s Life Industry Delivered Positive New Business Growth in 2018 Fiscal Year
Life Insurance Association of Japan's report. New business from individual insurance and annuity increased 11.6% and 18.4% to ¥2.5 trillion and ¥501.6 billion in annualized ...
Source: BestWire   Date: June 19, 2019
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GIAJ: Japan’s 2018 Typhoons and Flood Losses Exceed ¥1.5 Trillion
General Insurance Association of Japan. Typhoon Jebi resulted in ¥1.1 trillion in insurance claims, becoming the costliest typhoon and flood loss event in Japan. Fire, automobile ...
Source: BestWire   Date: May 28, 2019
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Overseas Business Recovery Boosted MS&AD’s Net Income by 25.1% in 2018 Fiscal Year
Aioi Nissay Dowa Insurance Co. Ltd.'s net income increased 138.8% to ¥37.3 billion due to lower overseas natural disaster losses. Group adjusted profit decreased 5.5% to ¥189.8 ...
Source: BestWire   Date: May 24, 2019
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Japan’s 2018 Typhoon and Flood Losses Reach ¥1.4 Trillion
General Insurance Association of Japan. Typhoon Jebi resulted in ¥969.8 billion insured claims, becoming the costliest typhoon and flood loss event in Japan. The nonlife industry ...
Source: BestWire   Date: April 4, 2019
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Japanese Insurers Seek M&A Targets to Aid in Diversification
Willis Towers Watson said in a report. Japanese buyers have an appetite for assets that complement their local portfolios, particularly for specialty business areas and less ...
Source: BestWire   Date: January 25, 2019
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Japan’s Nonlife Trade Body Updates Claims for Typhoons and Flood in 2018
Jebi and Trami and July's heavy rains. July's heavy rains have resulted in 55,280 settled claims as of Dec. 11, 2018, up from the previous total of 54,334, the GIAJ said in a ...
Source: BestWire   Date: January 17, 2019
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FSA: Japan’s Three Major Nonlife Groups Posted Underwriting Loss in First Half
Tokio Marine Holdings Inc., MS&AD Insurance Group Holdings Inc. and Sompo Holdings Inc. Claims losses related to domestic natural catastrophes contributed to the drop, according to ...
Source: BestWire   Date: January 16, 2019
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Japan Insurers Paid ¥1.3 Trillion in Claims on 2018 Major Domestic Catastrophes
General Insurance Association of Japan. Typhoon Jebi resulted in ¥747.8 billion insured claims, becoming the costliest typhoon and flood loss event in Japan. The nonlife industry ...
Source: BestWire   Date: December 27, 2018
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Japan’s Cooperatives Expect ¥164.5 Billion Claim Loss for Recent Catastrophes
General Insurance Association of Japan. Jebi's insured claims have reached ¥585.1 billion as of Nov.19. It has already overtaken Typhoon No. 19, or Mireille, in September 1991 as ...
Source: BestWire   Date: December 4, 2018
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Tokio Marine’s First-Half Net Income Drops 29.8%; Full-Year Projection Unchanged
Insurance Group Holdings Inc. projected net incurred loss from major domestic catastrophes of ¥184 billion for the 2018 fiscal year (Best's News Service, Nov. 26, 2018). Tokio ...
Source: BestWire   Date: November 27, 2018
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Sompo Revises Downward 2018 Profit Forecast With Projected ¥175 Billion Loss From Domestic Cats
Japanese group's financial statement. Domestic natural catastrophes are expected to bring a net incurred loss of ¥175 billion for the full 2018 fiscal year, said Sompo. Its net ...
Source: BestWire   Date: November 26, 2018
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Japan’s Consecutive Catastrophes Expected to Cause Significant Aggregated Losses, Moderate Pressure on Local Insurers
Jason Shum, associate director of A.M. Best Asia-Pacific Ltd. Major catastrophes - including the Osaka earthquake in June, western flooding in July, Jebi, and the Hokkaido ...
Source: BestWire   Date: September 12, 2018
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Tokio Marine’s First-Quarter Net Up 15.5% on Securities Sales Gains, Overseas Profit
Japanese group's financial presentation. Increased gains on sales of securities in Japan and profit expansion aboard contributed to the net income rise. The impact of July's heavy ...
Source: BestWire   Date: August 14, 2018
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Sompo First-Quarter Net Doubles, Supported by Underwriting and Investment Profit Surge
Japanese group's financial presentation. A rise in underwriting and investment profit contributed to the net income surge. Sompo Japan Nipponkoa Insurance Inc. posted a 26.7% rise ...
Source: BestWire   Date: August 13, 2018
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Japan’s Nonlife Sector Posted 10.4% Rise in Net for 2017 Fiscal Year
March 31, according to the General Insurance Association of Japan. Investment income rose 13.8% to ¥754 billion for the 2017 fiscal year, supported by gains from sales of ...
Source: BestWire   Date: June 28, 2018
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