News Non-Life26 Jun 2018

Japan:Fire insurance rate hike will improve P&C insurers' profitability

| 26 Jun 2018

The revision of the advisory pure premium rate for homeowners' fire insurance, announced on 15 June by the General Insurance Rating Organization of Japan (GIROJ), will increase the advisory rate by 5.5% on average, and reflects increased losses from natural catastrophe and water leakages.

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