Jan 4, 2017

In shift away from JGBs, Nippon Life looking to acquire U.S. firms

Nippon Life Insurance Co. President Yoshinobu Tsutsui has indicated that his company will consider targeting mainly U.S. life insurers and asset management companies under its business acquisition strategy abroad. The United States has a wide range of companies and strong growth potential, Tsutsui said ...

Nov 22, 2016

AIG, Cyberdyne to develop insurance plans to cover wearable robots

U.S.-affiliated insurance firm AIG Japan Holdings K.K. and wearable robot maker Cyberdyne Inc. have formed a business alliance in the nonlife insurance business. Under the tie-up deal announced Monday, the unit of New York-based American International Group Inc. and Cyberdyne will develop and sell ...

Sep 30, 2016

Japan starts talks on farmer income insurance in response to TPP

The government and the ruling bloc started talks Friday on a proposed insurance program to cover possible falls in farmers’ income stemming from free trade deals. The insurance scheme is intended in particular to help cushion any impact on farmers when the Trans-Pacific Partnership ...

Jul 20, 2016

Dai-ichi Life eyes Cambodian market to sell insurance products

Dai-ichi Life Insurance Co. is expanding into the Cambodian market, which will make it the first Japanese life insurer to do business in the Southeast Asian country, informed sources said Wednesday. The insurer plans to open a representative office in Phnom Penh by the ...

May 11, 2016

Tokio Marine to up stake in Vietnamese insurer to 51%

Tokio Marine Holdings Inc. announced Wednesday that it will raise its equity stake in Vietnam’s Bao Viet Tokio Marine Insurance Co. to 51 percent from 49 percent. The company said it has reached a definitive agreement with Vietnam’s largest insurance group to buy the ...

Japan's revised insurance law leads to raft of new policy options

Apr 21, 2016

Japan's revised insurance law leads to raft of new policy options

There is strong demand for new inexpensive, short-term insurance plans, ranging from landlords’ death coverage to medical policies for foreign tourists. Sendai-based Prevent SAST Insurance Co. offers a legal-expenses plan named Mikata. It was introduced in response to increasing numbers of people seeking legal ...