Natural disasters force Japanese insurers to raise premiums again

4% hike on corporate policies in 2021 comes on heels of October increase

20191112 Typhoon

The town of Marumori in Miyagi Prefecture was just one of many areas hit hard by Typhoon Hagibis in October. (Photo by Konosuke Urata)

YUKI NAKAMURA, Nikkei staff writer

TOKYO -- Reeling from increased claims due to a spate of natural disasters, Japan's four major insurers plan to raise premiums on fire insurance policies for businesses by about 4% as early as January 2021.

The increase follows fresh hikes announced just last month.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.