Tag - insurance

 
 

INSURANCE

The government is set to start discussing the idea of extending public health insurance coverage to include childbirth from fiscal 2026.
JAPAN
Jun 9, 2024
Japan to discuss public insurance coverage of childbirth
The average of childbirth costs across Japan stood at some ¥482,000 in fiscal 2022.
Japan Post Insurance, one of the nation’s biggest life insurers, held about ¥60.9 trillion in assets as of the end of March, of which around ¥47.7 trillion were securities, mainly government bonds.
BUSINESS / Markets
Jun 3, 2024
Japan Post goes slow in buying longest bonds after BOJ rate hike
Japan Post forecast in April that the 30-year government bond yield will be 2% at the end of March 2025
The health ministry says it will conduct its first survey on how much foreign residents are paying in health insurance and pension premiums.
JAPAN / Society
May 28, 2024
Health ministry to collect data on insurance premium payments by foreign residents
The ministry currently has no data on how much foreign nationals are paying in terms of health insurance payments and pension premiums.
Wecars President and CEO Shinjiro Tanaka (center) at a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 1, 2024
New firm formed to take over Bigmotor's operations
Wecars took over around 250 outlets and some 4,200 employees from Bigmotor, and its board of directors does not include former members of Bigmotor's board.
A bill to tackle the low birthrate is passed at a Lower House plenary session on Friday.
JAPAN / Politics
Apr 19, 2024
Lower House approves bill aimed at tackling low birthrate
The government plans to start collecting the fees in fiscal 2026 and gradually increase the amounts to secure ¥1 trillion annually from fiscal 2028.
Dai-ichi Life Holdings has begun to include more alternative investments in its ¥33.9 trillion portfolio, and is also looking at increasing mergers and acquisitions.
BUSINESS
Apr 18, 2024
Shifting market spurs Dai-ichi to adjust ¥33.9 trillion portfolio
The firm is cutting its holdings of domestic equities, which are surging, to avoid too much exposure to the asset class.
The Meiji Yasuda Life Insurance headquarters in Tokyo. Japan's life insurers will lay out their investment plans for the new fiscal year starting this month.
BUSINESS / Companies
Apr 15, 2024
Investment plans for Japan’s insurers will likely favor JGBs
Companies will lay out their plans for the fiscal year starting this month.
Ayuko Kato, minister for children-related policies
JAPAN
Apr 12, 2024
Japan discloses more details of costs to fight low birthrate
The planned fees that will be added to public medical insurance premiums aims to help secure funds to combat the declining birthrate trend.
Japan will charge members of medical insurance programs with fees starting in fiscal 2026 to tackle the country's sluggish birthrate.
JAPAN
Mar 29, 2024
Fight against low birthrate to cost ¥450 monthly per head
The government plans to boost annual spending on measures to fight the sluggish birthrate to ¥3.6 trillion by fiscal 2028.
Execs at four major Japanese insurers, including Tokio Marine & Nichido Fire Insurance, will take pay cuts over price fixing.
BUSINESS / Companies
Mar 1, 2024
Four general insurance firms punish 132 people over price-fixing
The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.
A fight over Benefit One is the latest in a growing number of takeover deals in Japan, spurred in part by the Tokyo Stock Exchange pushing for improved corporate governance.
BUSINESS / Companies
Feb 8, 2024
Dai-ichi Life gets Pasona's nod on Benefit One acquisition
The agreement with Pasona Group, which owns 51.16% of Benefit One, is crucial for Dai-ichi to win the battle against digital health care provider M3.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing
The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
The Meiji Yasuda Life Insurance headquarters in Tokyo. The insurer isn't interested in buying Japan’s superlong sovereign bonds until yields start rising.
BUSINESS / Markets
Jan 16, 2024
Meiji Yasuda Life Insurance to avoid Japan sovereign bonds for now
Japanese life insurers are the main buyer of bonds due in more than 10 years and typically increase purchases toward the end of the fiscal year.
Rescuers search for missing victims at a landslide site in the Kawashima district in the city of Anamizu, Ishikawa Prefecture, on Saturday after a major earthquake struck the Noto region on New Year's Day.
JAPAN
Jan 6, 2024
Ishikawa quake estimated to cost insurers $6.4 billion, report says
The government is considering designating the powerful earthquake as a disaster of extreme severity, raising subsidy rate for restoration projects.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023
Japan penalizes biggest property insurers for price fixing
The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023
FTC inspects nonlife insurers over alleged joint contract cartel
The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
Prime Minister Fumio Kishida addresses a meeting to discuss the results of comprehensive inspection of My Number information held at the Prime Minister's Office on Tuesday.
JAPAN
Dec 13, 2023
15,907 mistakes found over My Number info linkages
The government said it has completed personal identification checks for 82.06 million of the 82.08 million My Numbers subject to inspection.
Gender-neutral names were more popular for Japanese babies born in 2023, a survey has found.
JAPAN / Society
Dec 5, 2023
Popularity of gender-neutral Japanese names rose in 2023
The annual ranking by Meiji Yasuda Life Insurance, released Monday, showed that unisex names have risen in popularity.
The labor ministry is planning to review the workers' accident compensation program to cover all freelancers commissioned to work for companies.
BUSINESS
Nov 20, 2023
Japan to expand workers' accident compensation for freelancers
The measure is aimed at creating an environment in which freelancers can work with a sense of security.
Bigmotor's registration as an insurance agent will be revoked later this month.
BUSINESS / Companies
Nov 14, 2023
FSA to revoke Bigmotor's registration as insurance agent
The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.

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