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Japan:Life insurance underwriting income remains resilient — Fitch’s - The Revealer
Insurance

Japan:Life insurance underwriting income remains resilient — Fitch’s

Earnings from underwriting in the life insurance sector in Japan remain resilient due to the seasoned and stable in-force policies, noted Fitch Ratings in its “2021 Fitch on Japan” webinar yesterday.

In a commentary titled “Outlook on Japan Insurance”, which was released as part of the webinar, Dr Teruki Morinaga, director, Asia-Pacific Insurance, at Fitch Ratings, highlighted several other aspects of the Japanese insurance market thus

* Life: New businesses were weak on the whole due to the COVID-19 pandemic, but steadily recovering due partly to insurers’ efforts at DX (digital transformation) strategies.

* Non-Life: Domestic results improved, but COVID-19 related losses suffered in US/London.

* Life and Non-Life: Favourable financial markets continue to support investment results.

* Life and Non-Life: Capital adequacy continues to improve, to cope with the new solvency regime from around 2025.

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

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