Fire insurance premiums are expected to increase in the next year.October 31 at 4:51 due to successive natural disasters.
Non-life insurance companies are expected to raise fire insurance premiums again next year. Insurance payments are increasing due to successive natural disasters, so insurance premiums have just been raised this month and the burden on households becomes heavier.
Fire insurance, which compensates for damage to houses and household goods caused by storms and floods such as fires, typhoons, and heavy rains, has been the largest ever so far, with payments of approximately 1.7 trillion yen last year due to a series of large-scale natural disasters. The profitability of non-life insurance companies has deteriorated.
For this reason, the organizations created by non-life insurance companies decided to raise the “reference net rate”, which is a guideline for setting insurance premiums.
The average increase is 4.9%, and non-life insurance companies are expected to raise their fire insurance premiums again next year in response to the target increase.
The standard has been raised by 5.5% last year, and non-life insurance companies have just raised their insurance premiums this month.
Non-life insurance companies plan to raise the insurance premiums for earthquake insurance from the next year, and the burden on households will become heavier with successive price increases.