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...So, Sompo Holdings, one of Japan’s biggest insurance companies and the operator of about 280 care homes across the country, has turned to technology to address the problem....
...The bold assertion by Mikio Okumura, head of Sompo Holdings, comes as the company prepares to roll out Japan’s first dementia prevention insurance package — a product designed for the world’s oldest society...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...The head of one of Japan’s biggest and most conservative insurance groups is looking to roll out nursing and preventive healthcare services in ageing societies around the world in a bid to become a global...
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...In September last year, Sompo Holdings, one of Japan’s three largest non-life insurers, agreed to sell its specialist UK insurance subsidiary, Canopius, to a private investment consortium for $952m....
...Rival non-life insurer Sompo Holdings also paid $6.3bn for Bermuda-based Endurance in 2016....
...The large Japanese insurers such as Sompo, Tokio Marine and Mitsui Sumitomo, active buyers in the past, may look to bulk up and diversify away from their home market....
...The outlook for life insurance, which accounts for just one-tenth of new premiums but nearly one-third of Sompo’s capital at risk, is particularly dire given Japan’s high life expectancy....
...A version of this article was first published by the Nikkei Asian Review on April 20, 2018. ©2018 Nikkei Inc. All rights reserved....
...Tokyo-based insurance group Sompo is planning to use its $6.3bn acquisition of Endurance as a springboard for a string of further overseas deals as Japan’s banking and financial sectors continue their worldwide...
...That experience has not diminished Sompo’s appetite for overseas acquisitions, or for the London insurance market....
...Sompo is interested in specialist commercial insurance businesses, arguing that the world’s retail markets are already too competitive....
...Sompo, like domestic rivals, has been trying to diversify away from Japan, where the insurance market offers no growth. It has been open about its desire to buy its way into more exciting markets....
...Later in the day, Fitch also revised down the outlook of 11 Japanese insurers to negative from stable, including big houses such as Tokio Marine & Nichido Fire Insurance, Sompo Japan Nipponkoa Insurance...
...Insurance group in 2008, the largest deal by a Japanese insurer to date....
...Sompo Japan Insurance is the largest unit of NKSJ Holdings, the country’s third biggest property and casualty (P&C) insurer by market value....
...(Financial Times) Japan’s services sector finally expanded in July, following three months of declines in the wake of a national sales tax being lifted from 5 to 8 per cent on April 1....
...Japan’s losses were driven by comments from central bank governor Haruhiko Kuroda....
...insurers shortlisted for Indonesia Panin Life stake Japan’s Dai-ichi Life Insurance and Fukoku Mutual Life Insurance are among the companies shortlisted to buy a minority stake in Indonesia’s Panin Life...
...There are nearly 70 general insurers operating in the country, including Allianz, Chartis, Axa and Japan’s top three non-life insurers – Tokio Marine, MS&AD and NKSJ Holdings – either independently or in...
...Among life insurers, Dai-ichi Life Insurance, one of the few listed groups in the sector, set aside Y30.5bn in reserves to cover insurance claims payments....
...NKSJ, Japan’s second-largest non-life insurance group by premiums, is splashing out about Y28bn ($323m) to acquire Fiba Sigorta Anonim Sirketi, a Turkish insurer, in the Japanese group’s largest acquisition...
...Maritima had complementary strength in the retail auto insurance market, Sompo Japan said....
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