Wealthy Japanese financial firms are setting their sights on the Southeast and are purchasing heavily. The latest trend in the life insurance industry is in Southeast Asia, where Japanese companies have already spent $6.6 billion this year – much of it in that sector – as they purchase one firm after the next. The latest reports have indicated that another massive acquisition of this nature is about to be made. These reports are indicating that Meiji Yasuda is looking into making an offer of $700 million for Thai Life insurance,…
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Insurance news of Japan’s premiums totals is surprising
Recent estimates show that 18 percent of the worldwide total for life coverage is from Japanese policyholders. The latest insurance news releases in Japan are estimating that the average life insurance premiums are approximately $5,300 (454,300 yen) per year. This is far higher than the global average for the same type of coverage. In fact, this insurance news indicates that Japanese life policyholders pay approximately 18 percent of the global total in premiums, even though the country represents only 2 percent of the worldwide population. The per capita spending, according…
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