Japanese non-life insurers withdraw from the Russian market
Japanese non-life insurers have stopped writing new insurance business with domestic companies operating in Russia.
The insurance companies have also stopped all renewals of existing contracts after their expiry. The suspension comes after Russia named Japan a hostile country.
Japanese companies operating in Russia are still able to obtain coverage from Russian insurers with probably higher premiums and reduced coverages.
Read also | Insurance markets in Russia and Ukraine
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Tue, 12/04/2022 - 12:20
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