Wednesday, September 20, 2017

Japan

Nippon Life said to acquire National Australia Bank’s life insurance unit

Nippon Life said to acquire National Australia Bank’s life insurance unit

Analysts value the life insurance business at up to US$1.4bn.

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Japan’s nonlife insurers plan hike in auto insurance premiums

Japan’s nonlife insurers plan hike in auto insurance premiums

Growing number of accidents in Okinawa and the rise in vehicle damage caused by typhoons among the factors.

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Japan passes healthcare insurance reforms

Japan passes healthcare insurance reforms

Contribution percentages for patients aged 75 and over will be increased.

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Japan’s earthquake insurance premiums set to rise

Japan’s earthquake insurance premiums set to rise

Premium increase to be implemented in stages by 20% to 30% on average.

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Japan’s Nippon Life to acquire operator of insurance agencies

Japan’s Nippon Life to acquire operator of insurance agencies

Acquisition is part of Nippon Life’s aim to acquire independent agencies.

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Accident insurance targets Japan’s aging population

Accident insurance targets Japan’s aging population

Accident insurance products offered specifically for people aged 65 or over.

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Dai-ichi Life signs bancassurance deal with Vietnam’s HDBank

Dai-ichi Life signs bancassurance deal with Vietnam’s HDBank

Both parties pledge to develop strategic cooperation between Vietnam’s banking and insurance sectors.

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Japan mulls mandatory insurance for drone operators

Japan mulls mandatory insurance for drone operators

Seen as part of the overall plan to regulate drone operations in the country.

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Financial strength ratings of 9 Japanese insurers downgraded

Financial strength ratings of 9 Japanese insurers downgraded

Fitch Ratings stressed that an upgrade of any of the insurers was unlikely in the near future.

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Bangladesh to see first insurance JV if Mitsui Insurance gets license

Bangladesh to see first insurance JV if Mitsui Insurance gets license

Japan’s largest insurance company, reportedly in talks with insurance regulators in Bangladesh.

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Japan’s Asahi Mutual Life Insurance to raise foreign bond investment

Japan’s Asahi Mutual Life Insurance to raise foreign bond investment

The Japanese Insurance firm says domestic yields remain too low.

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Tokio Marine investing in real estate funds to avoid trouble

Tokio Marine investing in real estate funds to avoid trouble

Japanese insurer hopes to increase its overseas property assets by about US$84m this year.

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US eases collateral requirements for Japanese reinsurers

US eases collateral requirements for Japanese reinsurers

Reinsurers licensed and domiciled in Japan can now operate in the US with reduced levels of collateral.

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Japan starts cover for tankers carrying Iranian oil

Japan starts cover for tankers carrying Iranian oil

The threat of continued sanctions has prompted the Japanese government to provide insurance cover for local shipping companies bringing oil from Iran.

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Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japanese life insurance giant had shown interest in raising its stake from 26% to 49% before the bill was passed.

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SUMMER 2017

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From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers