SoftBank reports $7 bn quarterly loss after $3.7 bn AI turbine writedown
SoftBank posts a $7 bn quarterly loss after cancelling excess gas turbine orders for US AI data centers, recording a $3.7 bn writedown on the equipment
šÆšµ Japan Insurance News
Latest insurance news from Japanese insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from Japan.
AST SpaceMobile (ASTS) and Rakuten launch $1 bn satellite network project in Japan
AST SpaceMobile and Rakuten launch a $1 bn satellite network project in Japan, targeting direct-to-device connectivity and nationwide coverage by 2029
SoftBank and Grab plan $1.85 bn AI infrastructure investment in Malaysia
SoftBank, Grab and PETROS plan $1.85 bn in AI infrastructure investments across Malaysia, targeting at least 5 GW of computing capacity
Soter Insure raises $66 mn in cash and crypto backing as Standard Chartered and SBI invest
Crypto insurer Soter Insure secures backing from Standard Chartered’s SC Ventures and SBI Group, bringing reported funding to about $66 mn, including BTC and ETH
Japan earthquake 2026: Magnitude 5.7 quake injures 24 in Shizuoka
A magnitude 5.7 earthquake struck central Japan on November 8, 2026, injuring at least 24 people, disrupting trains and prompting aftershock warnings
Japan seeks early access to software vulnerabilities from US AI firms for cybersecurity
Japan plans to seek advance information on undisclosed software vulnerabilities from US AI companies, including OpenAI and Anthropic, to strengthen cybersecurity
Japan’s FSA suspends Prudential life insurers over Ā„6.1 bn ($19.6 mn) employee fraud scandal
Japan’s FSA has suspended new business at Prudential Life and Gibraltar Life until January 2027 following employee fraud, with reported victim losses exceeding Ā„6.1 bn
Daiichi Kosho data breach puts 8.7 mn records at risk in Japan
Daiichi Kosho warns that 8.72 mn customer and employee records may have been exposed after malware infected a Nippon Columbia Group computer in Japan
AI cyberattacks surge in South Korea and Japan as threats intensify
South Korea and Japan face rising cyberattacks as experts warn AI tools are making hacking, phishing and ransomware operations cheaper and harder to detect
Times Car data breach exposes 6.6 mn customer accounts in Japan
Times Mobility says a cyberattack exposed data from 6.6 mn current and former accounts, including ID images, addresses, phone numbers and email addresses
Japan data breaches expose millions of customer records
Monogatari and Daiwa Securities report cyber incidents in Japan, potentially exposing data tied to more than 10 mn restaurant customers and 110,000 brokerage clients
Toyota estimates $6.4 bn annual robot spending from 2028
Toyota estimates factory automation could require 400,000 robots and about $6.4 bn in annual spending from 2028 across its plants and suppliers
Tokio Marine invests in insurtech Kita to expand carbon insurance business
Tokio Marine invested in UK carbon insurer Kita and expanded work on carbon credit insurance, satellite risk assessment and project services
Verisk estimates Kumamoto earthquake insured losses at $2.1 bn
Verisk estimates insured losses from the July 28 Kumamoto earthquake at JPY 220 bn to JPY 340 bn, or about $1.4 bn to $2.1 bn
Munich Re Specialty launches Japan earthquake cover
Munich Re Specialty launches parametric earthquake insurance in Japan through Lloyd’s Japan, targeting corporate liquidity after seismic events
Fitch puts Prudential ratings on negative watch after Japan sales misconduct
Fitch placed Prudential ratings on Rating Watch Negative after Japan sales misconduct led to a 270-day suspension and earnings pressure
Japan corporate health insurers face $41 bn deficit in FY2026
More than 70% of large-company health insurance societies in Japan are expected to run deficits as costs tied to ageing and childcare rise
Sompo backs insurtech Zego with $28 mn to develop telematics insurance in Japan
Sompo and Zego partner to build AI-driven, usage-based motor insurance products tailored for the Japanese market
Japan April 1 renewals extend softer reinsurance pricing trend
Japan-focused April 1 renewals carried forward January trends, with property cat pricing falling and buyers reshaping programmes in a softer market
Prudential of Japan halts new sales for 90 days after misconduct probe
Prudential of Japan suspends new sales from Feb. 9, 2026, to overhaul governance and compensate customers after employee misconduct findings
Prudential Japan CEO exit puts governance and investor trust under strain
CEO resignation at Prudentialās Japan life unit following employee misconduct raises governance questions as investors assess oversight across international operations
MS Amlin partners with MSI on UAE political risk reinsurance
MS Amlin launches a political risk reinsurance partnership with Mitsui Sumitomo Insurance in the UAE, expanding contract frustration cover via Dubai
Tokio Marine Kiln hires Ben Sitki to strengthen cyber reinsurance team
Tokio Marine Kiln appoints Ben Sitki as underwriter in its Cyber Reinsurance Solutions unit, adding MEA cyber expertise as the platform expands
Tokio Marine invests $5 mn for minority stake in insurtech Igloo
Tokio Marine acquires a 1.65% stake in Singapore-based insurtech Igloo as it accelerates embedded insurance and digital retail expansion in Southeast Asia
Zurich Insurance Asia Pacific launches Edge Assist to boost digital insurance
Zurich Insurance Asia Pacific debuts Edge Assist, a unified digital platform enhancing sales, service, and claims for agents and customers across markets
Dai-ichi Life backs first CCS bond with Ā„4.7bn Port of Rotterdam deal
Dai-ichi Life invests Ā„4.7bn, about $30mn, in the first carbon capture bond issued by the Port of Rotterdam, taking over half the deal size
Largest insurers in Asia-Pacific increased capitalizations
5 of the 20 largest insurers in Asia-Pacific saw their market capitalizations increase sequentially in Q2 2024
AM Best maintained stable outlook on Japanās life insurance market
AM Best has maintained its stable outlook on Japanās life insurance market segment, citing in part the prospects for higher premium income
Nippon Life Insurance moves to acquire MDV to expand health data strategy
Nippon Life launches a tender offer for Medical Data Vision, aiming to deepen use of health data and analytics across insurance and healthcare
La NiƱa returns, driving floods, snowstorms, and rising global losses
A renewed La NiƱa is fueling floods in Asia, early US snowstorms, and mounting economic losses, with insurers and commodity markets bracing for impact
Largest Japanese P&C Insurers achieve strong results
Japanese property and casualty (P&C) insurers have reported strong financial results for the 2023 fiscal year, recovering from prior corporate scandals
Japan shifts fully to My Number health ID despite low public adoption
Japan retires traditional insurance cards as the My Number system becomes mandatory, though distrust, errors and slow usage cloud the national rollout
MS&AD buys 18% of Barings for $1.44 bn to expand global asset reach
MS&AD takes an 18% stake in MassMutualās Barings for $1.44bn, adding global scale, new capital, and deeper asset management ties
Nippon Life completes $8.2 bn acquisition of Resolution Life Group
Nippon Life finalizes its $8.2 bn takeover of Resolution Life, forming Acenda in Australasia and expanding its life and reinsurance reach globally
Pacific Life Re enters Japan with first asset-intensive reinsurance deals
Pacific Life Re completes its first asset-intensive flow reinsurance transactions in Japan, expanding its footprint and deepening ties with local life insurers
Tokio Marine taps OpenAI to embed ChatGPT in insurance operations
Tokio Marine teams up with OpenAI to bring generative AI into sales, contracts, and customer services, aiming for sharper proposals and faster processes
Onex to acquire insurtech ISC from KKR as Japan Post backs $2 bn Global Atlantic deal
Onex Partners to buy ISC from KKR, while Japan Post commits $2bn to a Global Atlantic vehicle tied to insurance, reinsurance, and strategic activity
Perils rolls out typhoon loss forecasting tool for Japan
Zurich-based catastrophe data provider PERILS has launched a new forecasting platform that delivers real-time industry loss estimates for typhoons in Japan
Sompo Holdings buys Aspen Insurance in $3.5 bn cash deal
Sompo Holdings will acquire Aspen Insurance Holdings for $3.5 bn in an all-cash transaction, marking one of the largest recent cross-border insurance deals
Manulife reports strong 2Q2025 earnings, recording net income of $1.8 bn
Manulife Financial Corporation delivered a solid second quarter in 2025, recording net income of $1.8 bn, a sharp $0.7 bn increase over the same period last year
Resolution Life expands in Asia with reinsurance deal and Nippon Life acquisition
Resolution Life signed a flow reinsurance agreement with Taiju Life Insurance Co., part of the Nippon Life group, to support an Australian dollar-denominated
PERILS expands severe convective storm loss in Europe, Japan, New Zealand
Reporting will apply to industry losses exceeding ā¬500mn in Europe, Ā„100bn in Japan, and NZ$300mn in New Zealand. The scope includes both property and motor insurance lines
Japan Post Insurance invests $2āÆbn in reinsurance-focused Global Atlantic vehicle
Japan Post Insurance will invest $2āÆbn in a new reinsurance-focused vehicle sponsored by Global Atlantic Financial Group, a wholly owned subsidiary of KKR
MS&AD Insurance will sell 15.1% stake in Challenger to TAL Dai-ichi Life Australia
MS&AD Insurance Group Holdings will sell its 15.1% stake in Challenger Ltd. to TAL Dai-ichi Life Australia, a subsidiary of Dai-ichi Life Holdings
Mitsui Sumitomo Insurance acquires 15% of W. R. Berkley
Mitsui Sumitomo Insurance (MSI), a Japanese property and casualty insurer, has agreed to acquire 15% of the outstanding common stock of W. R. Berkley
Sompo Insurance grows European presence in Belgium and the Netherlands
Sompo Insurance, a Tokyo-based insurance group, has expanded its operations in Continental Europe by securing regulatory approval to provide primary insurance
Coalition secured a $30 mn equity investment from Mitsui Sumitomo Insurance
Coalition, a San Francisco-based cyber insurance provider focused on preventing digital risks, has secured a $30 mn equity investment from Mitsui Sumitomo Insurance
Legal & General Group sells U.S. business to Meiji Yasuda Life Insurance for $2.3 bn
Legal & General Group plc agreed to sell its U.S. protection business to Meiji Yasuda Life Insurance Co. in a $2.3 billion deal
Tokio Marine increased profit through equity sales and lower catastrophe losses
Tokio Marine Holdings Inc. increased its fiscal third-quarter profit through equity sales and lower catastrophe losses, estimating a Ā„31 bn ($200 mn) loss
Japan Post Insurance increased net income in 2024
Japan Post Insurance Co. increased its nine-month net income due to stronger investment performance in a better market environment
AI Financial Technology expands into Japan’s crypto insurance market
AI Financial Technology (AIFT), which operates the insurtech platform OneDegree, announced plans to expand into Japan following its rebranding last year
Jeju Air crash Boeing 737-800 in South Korea covered by $1 bn insurance policy
Jeju Air’s insurance policy, covering the crash of its commercial jet in South Korea on Dec. 29, provides up to $1 bn in per-event coverage
MS&AD Insurance increases venture capital fund to $400 mn, prioritizing InsurTech
MS&AD Insurance Group Holdings Inc. announced a $100 mn increase to its venture capital fund, bringing the total to $400 mn. The fund focuses on startups
Nippon Life to acquire 100% of Resolution Life in $8.2 bn deal
Nippon Life Insurance Co. will acquire full ownership of Resolution Life for $8.2 bn. The payment will secure Nippon Life the remaining shares from Resolution Life
Aon acquires the insurance agency of Mitsubishi Chemical Group in Japan
Aon announced a definitive agreement to acquire the in-house insurance agency of Mitsubishi Chemical Group (MCG). The move expands Aonās risk and health offerings in Japan
Sompo tests blockchain for automatic claims processing on MaaS train delay insurance
Sompo Japan Insurance announced it is testing blockchain technology for automating claims on its Mobility-as-a-Service (MaaS) train delay insurance
Super Typhoon Yagi caused insured losses, estimated at $500 mn in China
Super Typhoon Yagi has caused substantial insured losses, estimated at 3.5 bn yuan ($500 mn) in China, according to Guy Carpenter, a reinsurance broker.
Earthquake struck off Japanās southern coast, prompting a tsunami
A powerful earthquake struck off Japanās southern coast, prompting a tsunami advisory from the Japan Meteorological Agency
Natural disasters in 1H 2024: $117 bn economic & $58 bn insured losses
Aon estimated of more thanĀ $117 bnĀ in economic losses from global natural disasters during the 1H 2024, lower than the 21st-century 1H average
Global reinsurer capital in Q1 2024 increased for $695 bn
Aon reports a 4% increase in global reinsurer capital during the first quarter of 2024, reaching a new high of $695 billion
Lloyd's outlines how insurers are adapting war risk coverage, cyber war exclusions and pricing to geopolitical threats, hybrid warfare and rising exposure accumulation
AI data center insurance faces rising catastrophe, business interruption and power risks as infrastructure spending grows and electricity demand accelerates
Global reinsurance capital reaches $688 bn as InsurTech companies target AI liability, parametric insurance and automated underwriting to drive premium growth
US cyber insurance rates have declined 9.7% since the beginning of 2024. Across markets outside the United States, prices have fallen 24.5%