News Non-Life29 May 2019

Japan:Profitability of P&C insurers to remain stagnant despite fire premium hikes

29 May 2019

Top Japanese insurance groups, while announcing earnings results for the fiscal year ended 31 March 2019 (FY2018), have said that they will raise the gross premium for fire insurance in FY2019. The premium increase is mildly credit positive, but it is not likely to be enough to turn current underwriting losses for fire insurance into profit, says Moody's Investors Service.

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