Best’s Market Segment Report: AM Best Maintains Stable Outlook On Japan’s Non-Life Insurance Segment

HONG KONG, June 23 (Bernama) -- AM Best has maintained its stable outlook on Japan’s non-life insurance segment, noting among other factors rising interest rates and the introduction of the Japan Insurance Capital Standard (J-ICS).

Also underpinning the stable outlook, as detailed in the Best’s Market Segment Report, “Market Segment Outlook: Japan Non-Life Insurance”, is heightened regulatory oversight and successive rate revisions and tighter underwriting terms that continue to improve fire insurance profitability. Interest rate hikes are widely anticipated for the remainder of 2026, although the pace and magnitude remain uncertain amid a slowing economy and depreciating Japanese Yen.