HONG KONG, Dec 13 (Bernama) -- AM Best has maintained its stable outlook on Japan’s life insurance market segment, citing in part the growth in premium income and stable core profits that are supported by higher levels of investment income, according to a new AM Best report.
In a new Best’s Market Segment Report, titled, “Market Segment Outlook: Japan Life Insurance”, AM Best notes premium income has increased significantly over the past two years, driven mainly by rising sales of single-premium savings-type products. The report also cites the diversification of revenue streams among Japan life insurers by expanding into new markets and adjacent business lines.
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