Quake impact on Japanese carriers’ earnings ‘manageable’: AM Best
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

Rachel Dalton
05 January 2024
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
am_best_logo_london_2022.png

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...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

News
rachel dalton/rachel dalton ii ils.png
Rachel Dalton
Lead Reporter
Contact
Gift this article