Insurance Day Asia
JAPANESE MOTOR INSURERS’ PREMIUM INCOME DOWN
Japan’s non-life insurers have blamed falling car ownership in the country for a drop in motor insurance premiums in the second
quarter. Six of the seven top insurers in Japan saw a reduction in motor premium income during the period with only Sompo
reporting a slight increase on 0.1%. In total motor insurance premiums at the top seven non-life insurers were down 1.3% to
Yen817.4m. Tokio Marine & Nichido Fire Insurance saw a 1.8% year-on-year reduction in motor premiums to Yen220.2bn while the
reduction at
Mitsui Sumitomo Insurance was 1.9% to Yen140.7bn.