Insurance companies make early inroads in India

Article Abstract:

Four Japanese casualty insurance companies are entering the Indian market despite restrictions preventing them from selling policies directly. These firms say they are protecting the interests of Japanese companies and are likely to do so by mediating between Indian insurers and Japanese companies. These companies already have offices elsewhere in Southeast Asia and are optimistic about the growth of the Indian insurance market. The firms include Mitsui Marine and Fire Insurance, Yasuda Fire and Marine Insurance, Tokio Marine and Fire Insurance and Sumitomo Marine and Fire Insurance.

Foreign operations, Foreign investments, India, Tokio Marine and Fire Insurance Company Ltd., Mitsui Marine and Fire Insurance Company Ltd., Yasuda Fire and Marine Insurance Company Ltd., Sumitomo Marine and Fire Insurance Company Ltd.

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The bell tolls for insurers: Nissan Mutual's collapse augers a consolidation

Article Abstract:

Insurance industry analysts are convinced that the Japanese insurance industry is headed for a major consolidation in about 5 years' time from 1997. The prediction comes after Nissan Mutual Life Insurance Co. closed down due to poor management and declines in stock prices. The company was started in 1909 and was a prominent figure during the bubble economy of the 1980s and its collapse in 1992 when land and stock prices plummeted. A shakeout of the sector would greatly affect the dollar-yen exchange rate and entry into the protected insurance market.

Japan, Finance, Nissan Mutual Life Insurance Co.

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Insuring Asia's biggest players

Article Abstract:

Asia represents one of the largest untapped markets for many international insurance companies. However, the growth of the insurance industry in Asia will depend heavily on the policies undertaken by the region's largest markets, namely, China, Japan and India. These countries need to adopt policies aimed at opening up their insurance markets to foreign investors. A discussion of the challenges that are hindering the liberalization of the insurance markets in the three countries is presented.

Economic aspects, Asia

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