• SHARE

Slowing premium growth may force Japan’s insurance companies to seek more takeovers abroad to counter declining profits in the world’s most rapidly aging country.

The seven biggest casualty insurers, including Tokio Marine Holdings Inc., this week reported a combined first-quarter profit of ¥70.8 billion, 37 percent lower than a year ago. Net premium income fell 0.6 percent on declining demand for auto insurance because fewer people drive.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW