News Non-Life12 Jul 2018

Japan:Impact of heavy rain seen as small on P&C insurers

| 12 Jul 2018

While the floods caused by the heavy rain in western Japan in recent days are credit negative for Japanese P&C insurers -- because of the losses from property and business interruption coverage -- the overall credit impact on insurers is seen as small, says Mr Soichiro Makimoto, Vice President - Senior Analyst, Financial Institutions Group, Moody's Japan.

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