Japan’s non-life insurers are reeling after a series of strong typhoons that hit Japan in recent months, with the market’s largest players expected to pay out a combined ¥868.8 billion (US$8 billion) in claims.
MS&AD Insurance Group Holdings, Sompo Holdings, and Tokio Marine Holdings, the three largest non-life insurers in Japan, have said that insurance payouts for damages from Typhoons Faxai and Hagibis will reach a combined ¥868.8 billion (US$8 billion), Reuters reported.
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