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Gallagher launches new brokerage in Japan

by AIP Online Bureau | Apr 20, 2023 | Intermediaries, International News, Non-Life, Reinsurance, Workplace/Employee Benefits

Speaking on Gallagher’s expansion plans in Asia, Thomas Wang,CEO North Asia, said,“ “Gallagher has grown in Asia over the last few years and with a number of the emerging economic global powerhouses based in the region it is an area of expansion for us. Having a...

Cybersecurity nightmare in Japan can pose global risks

by AIP Online Bureau | Apr 19, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The country produces about 80% of fine chemicals for electronics and dominates the global supply of photoresist, a light-sensitive material that’s used in making semiconductor chips, according to Ulrike Schaede, professor of Japanese Business at the School of Global...
Considering downgrading Covid-19 to same category as seasonal influenza: Japan’s PM Fumio Kishida

Considering downgrading Covid-19 to same category as seasonal influenza: Japan’s PM Fumio Kishida

by AIP Online Bureau | Jan 23, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Fumio Kishida, Prime Minister,Japan Currently, Covid is given the second rank which is equal to tuberculosis and avian influenza. Further, the officials plan to put it at the fifth rank, equaling to seasonal influenza, CNN reported quoting Japan’s Health...

Japanese families offered huge cash to move out of Tokyo

by AIP Online Bureau | Jan 4, 2023 | Eco/Invest/Demography, Facts, Pension & Social Security

According to the Statistics Bureau of Japan, in 2021, 28.9% of Japan’s total population was at least 65 years old, marking a record high for the country. There were 14.78 million 0-14-year-olds in the same year, accounting for 11.8% of the total population, the lowest...
Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters

Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters

by AIP Online Bureau | Dec 27, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The move comes after Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance on Friday told shipowners that they would stop offering marine war insurance, which covers damage to ships from war in Russian waters, from Jan Industry...
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