Quake impact on Japanese carriers’ earnings ‘manageable’: AM Best
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Quake impact on Japanese carriers’ earnings ‘manageable’: AM Best

Rachel Dalton
05 January 2024
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AM Best has predicted that the impact of the earthquake which struck the Ishikawa prefecture of Japan this week will have a “manageable” impact on domestic carriers’ earnings.

The 7.5 magnitude quake hit on Monday, destroying hundreds of buildings.

AM Best said that, because Japan has a state-backed reinsurance scheme which protects against residential earthquake damage, most losses to domestic non-life insurers would come from commercial and industrial...

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Rachel Dalton
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