Tag: Japan

Regulatory / Legal

Japanese regulator penalises largest property insurers for price fixing: Bloomberg

December 27, 2023

Via: Reinsurance News

As per a report from Bloomberg, Japan’s Financial Services Agency has issued business improvement orders on the core units of Tokio Marine Insurance, MS&AD Insurance, and Sompo Japan Insurance for “colluding to fix prices” in contracts with corporate clients. Japan’s […]

Financial, Risk Management

PERILS says gains ILW trigger traction in Japan, lowers typhoon Nanmadol estimate

September 20, 2023

Via: Artemis BM

In finalising the insurance and reinsurance industry loss estimate for Japanese typhoon Nanmadol, which struck the country in September 2022, catastrophe loss data aggregator PERILS AG has lowered the total to JPY 125.9 billion, while also saying that its data […]

Geo-Political, Risk Management

AIR Worldwide updates Japanese earthquake and typhoon models

July 27, 2021

Via: Reinsurance News

Catastrophe risk modelling firm AIR Worldwide has updated its earthquake and typhoon models for Japan to help provide re/insurance companies with a more comprehensive view of risk in the region. air-worldwide-logoAIR’s earthquake model captures the country’s seismicity by generating events […]

Geo-Political, Risk Management

Claims paid on Feb M7 Fukushima, Japan earthquake pass $1.62bn

June 18, 2021

Via: Artemis BM

Insured losses from the Magnitude 7.0 earthquake that struck off the coast of the Fukushima region of Japan on February 13th 2021 have continued to rise and at a faster pace, with the loss to the insurance and reinsurance industry […]