Non-life insurers take advantage of an increase in the 2011 premiums volume

Japan’s five major insurers have reported an increase in the written premiums during the 2011 fiscal year. This is accounted for by the strong insurance demand to cover natural catastrophes following the Fukushima disaster. Tokio Marine & Nichido Fire Insurance has posted a 4.8% increase of its turnover at 23.4 billion USD, followed by Sompo Japan (+3.4%) at 16.8 billion USD and Mitsui Sumitomo (+4.8%) at 16.3 billion USD. Aioi Nissay Dowa, the country’s fourth insurer, has exhibited a 2% growth of its premiums while Nipponkoa Insurance, ranking fifth, reported a 3.1% increase.

Motor insurance premiums volume is also appraised thanks to the sales of vehicles backed up by governmental measures.