The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market commentary.
Japan’s four major domestic non-life insurers —Tokio Marine & Nichido Fire Insurance Co. Ltd., Sompo Japan Insurance Inc., Mitsui Sumitomo Insurance Co., Ltd., and Aioi Nissay Dowa Insurance Co., Ltd. — have “well-diversified business profil