Japan: losses up, premiums down.

Non-life direct premiums written by the 33 companies active in Japan totalled ¥9,200bn (US$88bn) for the year ending 31 March 2000, a decrease of 2.8% from the previous period. The figures, published by the Marine & Fire Insurance Association of Japan (MFIAJ) are adjusted for the suspension of business by Daiichi Mutual Fire & Marine Insurance. This company was closed down by Financial Supervisory Agency on 1 May this year.