News Non-Life04 Nov 2019

Japan:Sompo Japan to be first major insurer to pay same-day compensation for flood

04 Nov 2019

Sompo Japan Nipponkoa Insurance plans to introduce, by the end of March 2020 at the earliest, a flood insurance policy for businesses that pays out the same day that sensors detect a specified degree of flooding. This move is the first by a major Japanese insurer to promise payouts on the day of a disaster.

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