Japan's Insurance Market 2020
Japan’s Insurance Market 2020 Japan’s Insurance Market 2020 Contents Page To Our Clients Masaaki Matsunaga President and Chief Executive The Toa Reinsurance Company, Limited 1 1. The Risks of Increasingly Severe Typhoons How Can We Effectively Handle Typhoons? Hironori Fudeyasu, Ph.D. Professor Faculty of Education, Yokohama National University 2 2. Modeling the Insights from the 2018 and 2019 Climatological Perils in Japan Margaret Joseph Model Product Manager, RMS 14 3. Life Insurance Underwriting Trends in Japan Naoyuki Tsukada, FALU, FUWJ Chief Underwriter, Manager, Underwriting Team, Life Underwriting & Planning Department The Toa Reinsurance Company, Limited 20 4. Trends in Japan’s Non-Life Insurance Industry Underwriting & Planning Department The Toa Reinsurance Company, Limited 25 5. Trends in Japan's Life Insurance Industry Life Underwriting & Planning Department The Toa Reinsurance Company, Limited 32 Company Overview 37 Supplemental Data: Results of Japanese Major Non-Life Insurance Companies for Fiscal 2019, Ended March 31, 2020 (Non-Consolidated Basis) 40 ©2020 The Toa Reinsurance Company, Limited. All rights reserved. The contents may be reproduced only with the written permission of The Toa Reinsurance Company, Limited. To Our Clients It gives me great pleasure to have the opportunity to welcome you to our brochure, ‘Japan’s Insurance Market 2020.’ It is encouraging to know that over the years our brochures have been well received even beyond our own industry’s boundaries as a source of useful, up-to-date information about Japan’s insurance market, as well as contributing to a wider interest in and understanding of our domestic market. During fiscal 2019, the year ended March 31, 2020, despite a moderate recovery trend in the first half, uncertainties concerning the world economy surged toward the end of the fiscal year, affected by the spread of COVID-19.
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