AM Best: stable outlook for the Japanese life insurance market

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japonAM Best has maintained a stable outlook for the Japanese life insurance market.

This decision is based on local insurers' improved profitability, mainly driven by the increase in sales for savings products, the rising foreign interest rates and the strong capital positions of insurance companies.

Life premiums amounted to 34.5 trillion JPY (232.4 billion USD) in the financial year 2022, representing a 16% growth over one year.

Read also | 2026 Japanese non-life insurance market forecasts

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Mon, 23/10/2023 - 08:26
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