Japan: Life insurers' ordinary profits dive by around 20%

Published on October 10, 2023
The aggregate ordinary profits of Japan's life insurance industry decreased by a significant 20.9% in the fiscal year ended 31 March 2023 (FY2022) from FY2021 to JPY2.5tn ($16.76bn), The Toa
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Indonesia: Non-life insurance market hit by rising reinsurance counterparty credit risk

October 10, 2023
Heightened reinsurance credit risk and potential pressure on underwriting margins owing to rising reinsurance costs and more-restrictive coverages have led to AM Best to maintain a negative outlook

Australia: Doctors say more savings can be made if private health insurance system allows more out-of-hospital care

October 10, 2023
Millions of dollars can be saved, and tens of thousands of hospital beds freed up, if more out-of-hospital care is delivered in Australia's private health system, says the Australian Medical