News Non-Life24 Aug 2018

Japan:Fire premium hike to be offset by tax increase and interest rate cut

| 24 Aug 2018

Japanese non-life insurers appear likely to raise premiums on their fire business from 2019, but the additional revenue is unlikely to offset the negative impact on profitability of the consumption tax hike scheduled for October 2019 and a cut in the statutory interest rate in April 2020, says Fitch Ratings.

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