Aioi Nissay Dowa Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/aioi-nissay-dowa-insurance/ Thu, 08 Aug 2024 06:45:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Japanese insurers to raise fire insurance premiums from October: report https://insuranceasianews.com/japanese-insurers-to-raise-fire-insurance-premiums-from-october-report/ Thu, 08 Aug 2024 06:38:37 +0000 https://insuranceasianews.com/?p=160042 The big four plans to corporate premiums by up to 15% because of deteriorating profitability in their fire insurance line.

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The four major Japanese non-life insurers will raise corporate fire insurance premiums from October by as much as 15%, according to a report by Jiji Press.
The premium hikes by the ­Tokio Marine &...

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]]> Japan’s big four submits business improvement plans to FSA for price-fixing https://insuranceasianews.com/japans-big-four-submits-business-improvement-plans-to-fsa-for-price-fixing/ Sun, 16 Jun 2024 22:30:29 +0000 https://insuranceasianews.com/?p=156108 Assessment of risks, employee surveys, effectiveness verification, second-line monitoring and internal audits are among the solutions announced by MS&AD subsidiaries.

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MS&AD subsidiaries Mitsui Sumitomo (MSI) and Aioi Nissay Dowa (ADI), and Tokio Marine  & Nichido Fire Insurance and Sompo Japan have submitted progress reports of business improvement plans to...

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]]> Mitsui Sumitomo, Aioi Nissay Dowa to improve underwriting profitability: AM Best https://insuranceasianews.com/mitsui-sumitomo-to-improve-domestic-underwriting-profitability-am-best/ Tue, 11 Jun 2024 01:06:52 +0000 https://insuranceasianews.com/?p=155739 The rating agency has affirmed an A+ (superior) to Mitsui Sumitomo, its US-based operating companies and to Aioi Nissay Dowa Insurance and A- (excellent) to Aioi Nissay Dowa Insurance (China) Company.

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MS&AD’s domestic non-life insurer Mitsui Sumitomo Insurance (MSI) will be able to improve its domestic underwriting performance driven by rate hikes on fire and motor lines, AM Best said in its ne...

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]]> Geographic diversification will support Japan P&C insurers’ profitability: Moody’s https://insuranceasianews.com/geographic-diversification-will-support-japan-pc-insurers-profitability-moodys/ Wed, 29 May 2024 07:44:05 +0000 https://insuranceasianews.com/?p=154809 While the sector's outlook is stable, the insurers' overseas premium growth would slow in the next 12-18 months, the rating agency said.

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The outlook for Japan’s property and casualty (P&C) insurance sector is stable, underpinned by strong overall profitability that is supported by geographic diversification and capitalisation, acco...

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]]> Japan’s big 4 admit to leaking customer data to competitors: report https://insuranceasianews.com/japans-big-4-admit-to-leaking-customer-data-to-competitors-report/ Fri, 24 May 2024 03:46:42 +0000 https://insuranceasianews.com/?p=154521 Agencies handling policies for Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance were sharing motor insurance customers' names, policy numbers, premium amounts and maturity dates.

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Japan’s four leading non-life insurers have admitted to sharing the personal information of their motor insurance customers with their competitors, which came to light after a local press report on Ma...

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]]> Japan’s big 4 face price fixing allegations in group insurance policies: report https://insuranceasianews.com/japans-big-4-face-allegations-of-price-fixing-group-insurance-policies-report/ Wed, 15 May 2024 01:00:34 +0000 https://insuranceasianews.com/?p=153917 The insurers, who have in the past been accused of cartelisation in commercial insurance policies, are facing regulatory probe over personal insurance pricing.

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Japanese insurers are potentially facing investigation for price-fixing of group insurance and personal insurance policies, according to local media reports.
More than 100 companies were allegedly tar...

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]]> MS&AD completes US$200m dual-tranche Singapore cat bond for Japan nat cats https://insuranceasianews.com/msad-completes-us200m-dual-tranche-singapore-cat-bond-for-japan-nat-cats/ Mon, 01 Apr 2024 22:28:08 +0000 https://insuranceasianews.com/?p=150672 The bonds will provide Mitsui Sumitomo and Aioi Nissay Dowa with US$100m each of protection for four years.

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Japanese insurers Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance have jointly issued a US$200 million dual-tranche catastrophe bond in Singapore covering natural disaster risks in Japan, acc...

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]]> FSA orders Japan big four carriers to step up cross-holdings divestment: report https://insuranceasianews.com/fsa-orders-japan-big-four-carriers-to-step-up-cross-holdings-divestment-report/ Tue, 13 Feb 2024 11:54:19 +0000 https://insuranceasianews.com/?p=146168 The four major non-life players at the centre of the price-fixing scandal must speed up unwinding their cross-shareholdings as the regulator tightens it scrutiny, Nikkei Asia reported.

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Japan’s financial regulator has urged four leading non-life insurers to expedite divestment of their cross-shareholdings, as the price-fixing scandal that unravelled last year has led to tighter scrut...

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]]> FSA to issue business improvement orders to Japan’s big four for price-fixing: report https://insuranceasianews.com/fsa-to-issue-business-improvement-orders-to-japans-big-four-for-price-fixing-report/ Fri, 22 Dec 2023 04:52:06 +0000 https://insuranceasianews.com/?p=140691 The regulator has determined that there were deficiencies in the company's internal control system, including rampant transactions that could potentially constitute cartels.

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Japan’s Financial Services Agency (FSA) is set to issue business improvement orders to the four major non-life insurance companies within this month following the price-fixing probe, according to a re...

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]]> Aioi Nissay Dowa Insurance’s COR to stay in mid-90s: AM Best https://insuranceasianews.com/aioi-nissay-dowa-insurances-cor-to-stay-in-mid-90s-am-best/ Mon, 12 Jun 2023 10:00:06 +0000 https://insuranceasianews.com/?p=127215 AM Best has affirmed the insurer rating of A+ (superior) to ADI along with an A- (excellent) to its Chinese affiliate.

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Japanese insurer Aioi Nissay Dowa Insurance (ADI) should be able to sustain its combined ratio in the mid-90 level over the long term, AM Best said. The rating agency sounded highly optimistic due to ...

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