Japan’s commercial insurance market is the fourth largest in the world after the US, the UK and China. Commercial insurance premiums in Japan totalled USD 33.5 billion in 2015. Penetration (premiums as a percentage of gross domestic product (GDP)) has been rising in recent years, but it is still low relative to other advanced markets. In 2015, commercial insurance penetration in Japan was 0.81% of GDP, compared to 1.6% in the US and 2.4% in the UK.Download
More than AUD 500 million was the cost to utility companies to settle claims after power lines, blown over in a hot windstorm, were linked to
Australia’s Black Saturday bushfires in 2009. In times of climate change, events of this kind are set to happen more often – endangering not only lives and homes but also utilities – in Australia and many other parts of the world.