{"id":48586,"date":"2019-11-01T15:29:23","date_gmt":"2019-11-01T07:29:23","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=48586"},"modified":"2019-11-01T15:29:25","modified_gmt":"2019-11-01T07:29:25","slug":"bests-market-segment-report-outlook-on-japan-non-life-insurance-market-remains-stable-despite-catastrophe-macroeconomic-pressures","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=48586","title":{"rendered":"Best&#8217;s Market Segment Report: Outlook on Japan Non-Life Insurance Market Remains Stable Despite Catastrophe, Macroeconomic Pressures"},"content":{"rendered":"\n<p><strong>HONG KONG, Nov 1 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong><strong>AM Best<\/strong>&nbsp;is maintaining a stable market segment outlook on Japan\u2019s non-life insurance segment, as domestic insurers record profitable underwriting performance despite significant catastrophe losses; however, according to a new AM Best report, the recent consumption tax hike and ongoing global trade tensions could create pressure on the insurance companies operating in the country.<\/p>\n\n\n\n<p>A new\u00a0<em>Best\u2019s Market Segment Report<\/em>, titled, \u201cMarket Segment Outlook: Japan Non-Life Insurance,\u201d states that AM Best expects that more taxes will be imposed on various underwriting and operating expenses for most of the domestic insurance companies. These taxes could lead to a rise in combined ratios and a decline in underwriting profit for the market. Underwriting results generally deteriorated in fiscal-year 2018-2019 due to catastrophe events, but insurers still achieved profitability. Along with the underwriting resilience, the stable outlook factors in insurers\u2019 premium rate adjustments that are likely to mitigate the negative impact of the consumption tax hike. Solid risk-adjusted capital positions, which weather financial market volatility, also are a key factor supporting the stable outlook. <\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=35979\">http:\/\/mrem.bernama.com\/viewsm.php?idm=35979<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, Nov 1 (Bernama-BUSINESS WIRE) &#8212;&nbsp;AM Best&nbsp;is maintaining a stable market segment outlook on Japan\u2019s non-life insurance segment, as domestic insurers record profitable underwriting performance despite significant catastrophe losses; however, according to a new AM Best report, the recent consumption tax hike and ongoing global trade tensions could create pressure on the insurance companies [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315,269],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/48586"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48586"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/48586\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48586"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}