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Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits

Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits

by AIP Online Bureau | Apr 23, 2025 | International News, Non-Life, Reinsurance

The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America, “so the challenge is how to become the top player there,” said Shinichiro Funabiki,CEO, MS&AD Insurance Group Holdings...

Japan estimates feared megaquake could cause $1.8 trln in damage, kill 300,000 people

by AIP Online Bureau | Apr 1, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management

Japan is one of the world’s most earthquake-prone countries, and the government sees about an 80% chance of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough. TOKYO: Japan’s economy could lose as much as $1.81 trillion...

Japan issues mid-level volcano warning

by AIP Online Bureau | Mar 30, 2025 | Disaster & Management, Eco/Invest/Demography, International News

“Volcano warning issued for Kirishimayama (Shinmoedake) (near crater) (Volcanic alert Level 3: Do not approach the volcano). An eruption may occur. Follow local government’s instructions and stay away from dangerous areas,” the disaster management agency...

Tsunami advisory issued after 6.9-magnitude quake strikes Japan

by AIP Online Bureau | Jan 13, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management

“The quake’s epicentre was at a depth of 30 km in the Hyuganada Sea. Immediately following the quake, the agency issued a tsunami advisory for the coasts of Miyazaki and Kochi prefectures. Waves of 1 metre are being forecast. People in the vicinity are...

Spectee expands crisis management system to the Philippines following success in Japan

by AIP Online Bureau | Dec 25, 2024 | Data, Disaster & Management, Non-Life, Reinsurance, Technology

This system, designed to monitor and manage disasters like earthquakes, floods, typhoons, and criminal accidents, gathers real-time visual and textual information from social media platforms (SNS) and official sources Tokyo: Spectee, a Japanese crisis management...
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