Tag - insurance

 
Menu
Search
 
April 26, 2025
 

Today's print edition

Home Delivery
Subscribe for more access

INSURANCE

MUFG Bank, a unit of the nation’s biggest banking group, is among firms that recently scrapped a clerical job category that consisted almost exclusively of women, a sign that the financial sector is finally getting more serious about reducing gender inequalities.
BUSINESS / Companies
Apr 23, 2025
Top Japanese firms scrap employment system that held women back
Abandoning the clerical job category may increase opportunities for women to advance to more senior positions.
MS&AD forecasts that net profit for its North American operations will reach ¥166 billion in the fiscal year ended in March, a 3.5fold increase from the previous fiscal year.
BUSINESS
Apr 22, 2025
Insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America.
As the global trade war intensifies, the debt, the main investment for Japan’s life insurers, has seen wild swings along with its U.S. counterparts.
BUSINESS / Companies
Apr 18, 2025
Major Japan life insurer to pile into domestic superlong bonds
Investment decisions by Japan’s life insurers can move global markets, and Fukoku Mutual Life Insurance will be the first among its major peers to report such plans.
A former Prudential Life Insurance employee was arrested in June last year on suspicion of fraud.
BUSINESS / Companies
Apr 11, 2025
Prudential Life ordered to report preventative measures after three arrests
Between June last year and February this year, three former employees were arrested over acts of misconduct that included defrauding customers.
Mitsui Sumitomo Insurance (above) and Aioi Nissay Dowa Insurance plan to merge in April 2027.
BUSINESS / Companies
Mar 28, 2025
Mitsui Sumitomo Insurance to merge with Aioi Nissay Dowa
The merger will create the biggest nonlife insurer in Japan, overtaking current industry leader Tokio Marine & Nichido Fire Insurance.
Upper House Budget Committee chief Yosuke Tsuruho (right) and his Lower House counterpart, Jun Azumi, meet in Tokyo on Wednesday.
JAPAN / Politics
Mar 12, 2025
Medical cap fumble paves way for unprecedented second revision of fiscal budget
While there have been cases of bills returning to the Lower House after amendments in the Upper House, it has never happened with the budget.
"It is an expanding field. We need more people,” said Kaoru Onishi, head of the global product division at Nissay Asset Management.
BUSINESS / Companies
Mar 6, 2025
Nissay Asset ramps up hiring as alternative investment booms
Japanese asset managers are trying to boost returns at a time when policymakers are encouraging households to shift their savings to investments.
In recent years, Japanese life insurers have increasingly entered contracts in which assets underwritten by reinsurance companies are invested to obtain higher returns.
BUSINESS
Mar 3, 2025
Japan’s FSA said to examine life insurers’ reinsurance risks
The Financial Services Agency is asking life insurers about the scale of the practice and the type of contracts they have in place.
The government will raise the out-of-pocket expense cap for expensive medical treatments this August as planned, but will reconsider plans for further increases, Prime Minister Shigeru Ishiba told parliament on Friday.
JAPAN / Science & Health
Mar 2, 2025
Japan to reconsider medical expense cap hike plan: Ishiba
The expense ceiling hike is slated to be conducted in three stages from this year to 2027.
Tokio Marine Holdings and other large non-life insurers are facing pressure to sell cross-held shares to improve their governance.
BUSINESS / Companies
Feb 17, 2025
Japan insurers sell $11 billion cross-held shares ahead of plans
The insurers are facing pressure to improve their governance after regulators fined them for coordinating adjustments in insurance fees in advance for companies.
Leaders of patients' groups submit signatures opposing the move by the government to raise the medical copayment ceiling on Wednesday.
JAPAN / Science & Health / EXPLAINER
Feb 14, 2025
Japan to rethink medical copayment hike amid patient outcry
Many patients, especially those undergoing costly but effective cancer therapy, say a hike might force them to abandon their treatments.
Meiji Yasuda Life Insurance will acquire Banner Life Insurance in the United States as it seeks to expand its business overseas amid sluggish domestic market.
BUSINESS / Companies
Feb 9, 2025
Meiji Yasuda to acquire U.S. peer Banner Life
Japanese life insurance companies are expanding overseas for growth as the domestic market shrinks.
Homes destroyed by wildfire in the Pacific Palisades neighborhood of Los Angeles earlier this month. Insured losses caused by this and other fires raging in the area in recent weeks have been valued at over $30 billion.
COMMENTARY / World
Feb 5, 2025
Fossil fuel insurance is still way too cheap
Despite mounting losses from climate-induced disasters, insurers continue underwriting fossil fuels. Raising the cost of such policies would help cut emissions and benefit many.
Nippon Life Insurance will establish a new headquarters division in late March to manage its foreign businesses, and its overseas insurance and asset management departments will be absorbed into that organization, people familiar with the matter have said.
BUSINESS / Companies
Jan 27, 2025
Nippon Life to revamp overseas business operations after acquisitions
Japan’s biggest life insurer will establish a new headquarters division in late March to manage its foreign businesses, and absorb related departments into that organization.
Car dealer Toyota Mobility Tokyo and used car dealer Goodspeed are believed to have committed illegal practices, such as discounting vehicles in exchange for buying specific insurance products.
BUSINESS / Companies
Jan 21, 2025
Japan's FSA to issue business improvement order to Toyota dealer
The Toyota subsidiary and Goodspeed are suspected of illegal practices such as discounting vehicles in exchange for buying specific insurance products.
A street in Pattaya, Thailand
JAPAN / Crime & Legal
Jan 15, 2025
Thai police arrest Japanese man over ¥1.36 billion retiree scam
The scam involved fraudsters impersonating Japanese government staff to sell bogus health insurance packages, according to the police statement.
Tokio Marine & Nichido Fire Insurance plans to raise its starting monthly salary for university graduates joining the nonlife insurer in April 2026 to as much as ¥410,000.
BUSINESS / Companies
Jan 12, 2025
Tokio Marine to raise starting pay to up to ¥410,000
The insurance firm aims to secure and retain human resources amid continuing labor shortages in Japan.
Rescue workers search a flooded area during the aftermath of Typhoon Hagibis, which caused severe floods at the Chikuma River, in the city of Nagano in October 2019.
ENVIRONMENT / Climate change / OUR PLANET
Jan 12, 2025
Disaster-hardened Japan faces enormous costs from climate change
The total cost in climate damages for the country through 2050 could amount to ¥952 trillion if more ambitious action isn't taken.
Houses destroyed in the Palisades Fire along the Pacific Coast Highway in Malibu, California, on Thursday
COMMENTARY / World
Jan 12, 2025
California fires expose a $1 trillion hole in U.S. home insurance
Santa Ana winds and wildfires are natural to California, but climate change and human development have made them far more destructive.
Dai-ichi Life Insurance sold about ¥500 billion of Japanese government notes, mainly 20- to 40-year bonds, in the fiscal first half that ended in September.
BUSINESS / Companies
Jan 6, 2025
Dai-ichi Life takes ¥140 billion loss selling off long bonds
The insurer sold about ¥500 billion of Japanese government notes, mainly 20- to 40-year bonds, in the fiscal first half ended September.
Naked man’s rampage in Saitama linked to one fatality and 10 injured
Police believe Daisuke Nishimura may have been involved in roughly 20 incidents in the 90 minutes leading up to his arrest, including a fatal hit-and-run and multiple assaults.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Japan brings forward deadline for electronic travel authorization system
Japan is planning to implement by March 2029 a new online screening system in which foreign visitors who don’t need a visa apply for a certification before entering the country.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.
By Tomoko Otake

SUSTAINABLE JAPAN

Smile! It’s ‘Sanrio Time,’ now and ever after
Smile! It’s ‘Sanrio Time,’ now and ever after

SPECIAL SUPPLEMENTS note

Read more

SUPPLEMENTS BINDER