April 23, 2024
Via: Reinsurance NewsThe General Insurance Association of Japan (GIAJ) has released new insurance claims data for the January 1st M7.5 earthquake that hit near the Noto Peninsula in Ishikawa prefecture, revealing that the claims paid total has risen by around 22% in […]
December 27, 2023
Via: Reinsurance NewsAs per a report from Bloomberg, Japan’s Financial Services Agency has issued business improvement orders on the core units of Tokio Marine Insurance, MS&AD Insurance, and Sompo Japan Insurance for “colluding to fix prices” in contracts with corporate clients. Japan’s […]
September 20, 2023
Via: Artemis BMIn finalising the insurance and reinsurance industry loss estimate for Japanese typhoon Nanmadol, which struck the country in September 2022, catastrophe loss data aggregator PERILS AG has lowered the total to JPY 125.9 billion, while also saying that its data […]
Geo-Political, Risk Management
July 27, 2021
Via: Reinsurance NewsCatastrophe risk modelling firm AIR Worldwide has updated its earthquake and typhoon models for Japan to help provide re/insurance companies with a more comprehensive view of risk in the region. air-worldwide-logoAIR’s earthquake model captures the country’s seismicity by generating events […]
Geo-Political, Risk Management
June 18, 2021
Via: Artemis BMInsured losses from the Magnitude 7.0 earthquake that struck off the coast of the Fukushima region of Japan on February 13th 2021 have continued to rise and at a faster pace, with the loss to the insurance and reinsurance industry […]
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