HONG KONG, April 7 (Bernama-BUSINESS WIRE) — As Japan’s insurance market has shown limited growth potential due to a shrinking and aging population, domestic companies have increasingly looked to expand overseas, as discussed in a new AM Best commentary.
In its new Best’s Commentary, titled, “Japan Insurers See Growth Through Reinsurance, Acquisitions,” AM Best states that Japan’s insurers are taking advantage of growth opportunities in international markets, particularly in the United States, Australia and other developed economies to maintain long-term growth and diversify revenue streams.