Major nonlife insurance firms plan to cut premiums on their voluntary auto insurance products by 2 to 3 percent on average in January, according to sources. The companies see improved profitability in their auto insurance operations as the number of traffic accidents decreases amid improving ...
The health ministry plans to probe cases of unpaid medical expenses charged to foreign tourists, calling for the use of travel insurance and looking at other ways to tackle the problem. The ministry announced earlier this month that it would study the total value of ...
Three major nonlife insurance companies saw sales of cyberattack policies more than triple to over 1,000 clients combined in fiscal 2016. Demand for cyberattack insurance, which covers losses caused by damaged computer systems, is surging as cybersecurity concerns spread to small and midsize firms. The Japan ...
Insurance policies covering various expenses relating to dementia are growing more common as Japanese demographics shift to an older population. One in five Japanese age 65 or older are projected to suffer from dementia in 2025, according to estimates by the Health, Labor and Welfare ...
A bill passed by U.S. House Republicans would cause 23 million people to lose health care coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said on Wednesday. The ...
Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after test trials cut the processing time from an hour to just seconds, its chairman said. "We recently introduced AI claims handling ... and saved 40,000 work hours, while speeding up the claim processing ...
American International Group Inc. named Brian Duperreault, one of the most experienced managers in the property-casualty insurance industry, to be the company's seventh chief executive officer since 2005 and improve results at the operation selling coverage to commercial clients. Duperreault, who spent time at AIG ...
U.S. President Donald Trump’s plan to repeal “Obamacare” has left many people here wondering: How does Japan compare?
Health data such as exercise times, sleep length and heart rates recorded on wearable devices will soon be used to forecast a person's vulnerability to diseases and estimate appropriate medical insurance premiums. The insurance industry is just a step away from developing such tailor-made insurance. Life ...
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 in ...
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 nonlife ...
An increasing number of insurance firms are introducing novel benefits, particularly in the area of company leave, that reflect the lifestyles of their employees in a bid to raise morale In July, ipet Insurance Co., a Tokyo-based seller of medical insurance for pets, introduced special ...
