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Japan Nonlife Insurers to Raise Premiums by 6-8 Pct

Japan Nonlife Insurers to Raise Premiums by 6-8 Pct

   Tokyo, July 8 (Jiji Press)--Four major Japanese nonlife insurers plan to raise their fire insurance premiums for homes by a national average of 6 to 8 pct in January 2021, informed sources said Wednesday.
   The first simultaneous premium hikes by the four since October 2019 will follow a rise in insurance payouts on the back of a series of natural disasters across the country.

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AFP-JIJI PRESS NEWS JOURNAL


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