Reinsurance News
Japan
Guidewire to develop PolicyCenter functionality for Japanese market
17th September 2025
Guidewire, a provider of software solutions for the insurance industry, has commenced developing functionality for PolicyCenter on Guidewire Cloud tailored to the Japanese market. In order to accelerate the efforts, Guidewire will collaborate with Capgemini in Japan and Nomura Research Institute (NRI). This is part of Guidewire’s ongoing commitment to the Japanese ... Read the full article
Japanese insurers to favour Bermudian reinsurers: AM Best
1st September 2025
A recent report by credit rating agency AM Best, indicates a growing trend of Japanese insurers ceding business directly to Bermudian reinsurers or through existing Bermudian-based affiliates, depending on which option is more cost-effective. According to the report, the implementation of a new capital framework based on the International Capital Standard ... Read the full article
PERILS expands Wind-Jeannie to Japan, updates all existing models
28th August 2025
Zurich-domiciled catastrophe insurance data provider PERILS has launched Wind-Jeannie Japan, a new platform providing real-time industry loss forecasts for typhoons in the country. The product provides industry loss forecasts for typhoon events for the upcoming 72 hours. It operates continuously with forecasts updated in real-time every 12 hours, and also provides ... Read the full article
Willis strengthens commitment to Japanese insurance market
26th August 2025
Insurance broker Willis, a WTW business, has significantly expanded its Japanese Corporate Risk & Broking team, emphasising its commitment to the Japanese market. For the first nine months of 2025, Willis has hired 22 new professionals across its business, including for its brokerage service entity that was launched in October ... Read the full article
Resolution Life signs reinsurance agreement with Taiju Life in Japan
30th July 2025
Resolution Life, a life insurance group focused on reinsurance and managing life insurance portfolios, has entered into a reinsurance agreement with Taiju Life Insurance Company Limited, a domestic insurer and part of the Nippon Life group. The agreement aims to increase the crediting rate of Taiju Life’s Australian dollar-denominated endowment product, ... Read the full article
HDI Global SE and Descartes Underwriting approved to offer parametric earthquake insurance in Japan
14th July 2025
HDI Global SE’s Japan branch, part of Germany-based insurer Talanx AG, has been approved by the Japanese Financial Services Agency to introduce a parametric earthquake insurance product to the Japanese market. To create this product, HDI Global worked with Descartes Underwriting SA (headquartered in Paris, France), a provider of parametric insurance ... Read the full article
Howden acquires majority stake in Japanese retail broker Holos
2nd July 2025
Howden, the global insurance and reinsurance broking group, has acquired a majority stake (68.3%) in Holos Holdings Co., Ltd. (Holos), a Kyoto-headquartered retail insurance broker. Founded in 2001 by Kei Horii, Holos is a privately owned retail insurance broker with over 400 employees across 20 locations in Japan. The acquisition marks a ... Read the full article
AM Best maintains stable outlook for Japan’s non-life insurance sector amid structural improvements
19th May 2025
AM Best, the credit rating agency, is maintaining its stable outlook for Japan’s non-life insurance industry, reflecting improved underwriting fundamentals, especially in the fire insurance segment, and the positive impact of stronger regulatory oversight. The Financial Services Agency (FSA) has taken a more assertive stance over the past 18 months, focusing ... Read the full article
Renew Risk adds Japan offshore wind cat models to portfolio
6th May 2025
Renew Risk, a risk modelling and analytics firm, has launched two new earthquake and typhoon models for offshore wind farms in Japan. Specifically designed for Japan’s disaster-prone offshore wind sector, these are the first and only commercially available catastrophe models launched as the country focuses on expanding its wind power capacity ... Read the full article
Guidewire announces $60m investment to advance growth and modernisation in Japan
23rd April 2025
Guidewire, a provider of cloud-based platform solutions for property and casualty (P&C) insurers, has announced a $60 million investment over the next five years to expand its footprint in Japan and accelerate the development of capabilities tailored to the specific needs of Japanese insurers. This investment will enhance the Guidewire platform ... Read the full article
Japanese insurers turn to reinsurance and acquisitions for growth opportunities: AM Best
7th April 2025
Facing a mature domestic market with limited growth potential due to a shrinking and aging population, Japanese insurers are expanding into international markets, like the US and Australia, and making acquisitions to diversify revenue and sustain long-term growth, a recent AM Best report has revealed. Japan’s insurance industry is highly consolidated, ... Read the full article
Casualty (GTPL) in Japan remained a challenging class at April 1 renewals: Gallagher Re
2nd April 2025
Casualty General Third Party Liability (GTPL) in Japan at the April 1st, 2025, reinsurance renewals remained a challenging class of business, with excess-of-loss programmes with no loss emergence experiencing flat rates to up 5%, according to reinsurance broker Gallagher Re. In a recent report, Gallagher Re noted that cedents' significant efforts ... Read the full article
Japanese property cat reinsurance pricing ‘eased from a high base’ at April 1 renewals: Howden Re
1st April 2025
Japan risk-adjusted catastrophe excess-of-loss (XoL) rates on-line saw reductions of 10-15% at the April 1st, 2025, reinsurance renewals, as pricing "eased from a high base" as sellers looked to protect or grow positions while buyers leveraged support for the more difficult to place programmes, according to reinsurance broker Howden Re. Overall, ... Read the full article
Japan’s financial regulator reviewing life insurers’ exposure to reinsurance risks
3rd March 2025
Japan's financial regulator is assessing life insurers to evaluate the risks associated with their increasing reliance on transferring policy liabilities to reinsurers supported by global investment firms, as per a recent report from The Japan Times. Japan's total value of individual life insurance and annuity policies in force reached nearly $6 ... Read the full article
AM Best remains stable on Japan’s life insurance sector amidst premium boom
27th December 2024
Global credit ratings agency AM Best has maintained its stable outlook on Japan's life insurance market segment, citing in part the growth in premium income and stable core profits that are supported by higher levels of investment income. According to the agency, premium income has increased considerably throughout the past two years, ... Read the full article
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