BestWeek Asia-Pacific Introduce 4 Japanese Firms Rank in the Top 10 World Insurers [Professional Services Close - Up]

Proquest LLC

Four Japanese insurance companies are now in the top 10 world insurers as measured by net premiums written, according to a new ranking in BestWeek Asia-Pacific.

According to a release, Japan Post Insurance Co. remained on top the list as measured by 2011 non-banking net assets, according to A.M. Best data.

The presence of four Japanese companies in the top 10 by premiums represents the greatest presence of any single country, and reflects the impact of growth in Asia, the eurozone crisis and lackluster economies, plus lingering fallout from American International Group's 2008 troubles. Japan Post moved up from fifth to third place; National Mutual Insurance Federation held steady in sixth place; Nippon Life jumped from 12th-largest to seventh and Meiji Yasuda Life jumped from 20th to eighth.

Also featured in BestWeek Asia-Pacific, A.M. Best's 2012 global reinsurance outlook finds that despite continuing challenges, the rating outlook on the global reinsurance segment is being held at stable, supported by continued strong risk-adjusted capitalization, judicious enterprise risk management practices and a relatively stable pricing environment across a broadening spectrum of business classes.

BestWeek Asia-Pacific also finds the opening of the mandatory third-party motor liability insurance sector in China is expected to enhance quality as foreign players believe market segmentation, rapid sales network expansion and improved claims settlement processes are key in cracking the newly deregulated market. The country's insurance regulator is also looking to improve competition in the commercial motor market.

And learn how commercial insurers and industries are applying the lingering lessons from the devastating floods in Thailand.

The Jan. 8 edition is available at and

BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe, visit

BestWeek can be accessed on iPads and mobile devices at On your iPad or mobile device, click on BestWeek digital to log in.

More information:

((Comments on this story may be sent to [email protected]))

Let's protect families together.

Copyright:(c) 2013 ProQuest Information and Learning Company; All Rights Reserved.


  More Newswires

More Newswires >>
  Most Popular Newswires

More Popular Newswires >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
Let's protect families together.