Japan: Over 300 local governments join disaster-evacuation insurance scheme
Source: Asia Insurance Review | Jan 2020
The number of local governments signing up for insurance to cover the costs of disaster evacuation has nearly tripled over 18 months, reported Kyodo News Agency citing a tally by an insurance company.
Around 350 municipalities had evacuation insurance at the end of September, making up around 20% of the total of 1,718 cities, towns and villages in Japan, Sompo Japan Nipponkoa Insurance said.
Such insurance services, jointly created by Sompo Japan Nipponkoa, the Japan Association of City Mayors and the National Association of Towns and Villages, cover the costs of setting up evacuation shelters, food and drinks for evacuees, and overtime pay for government employees among others. After the start of the services in 2017, some other insurers have started offering the insurance. A