Insurance paid for natural disasters such as typhoons Exceeded 1 trillion yen for 2 consecutive years April 28, 17:27

Last year, the total amount of insurance paid for natural disasters such as Typhoon No. 19 and “East Japan Typhoon” exceeded 1 trillion yen. It is the second consecutive year that the amount of insurance payments due to natural disasters exceeds 1 trillion yen.

According to the Japan General Insurance Association, the typhoon No. 19 and "East Japan Typhoon" last October, when river floods and landslides occurred in various parts of eastern Japan, the amount of insurance paid to housing and automobiles was 582.6 billion. It was a circle.

This is the second largest payment amount for damage such as typhoons.

In addition, payments for Typhoon No. 15 and "Boso Peninsula Typhoon" last September, which suffered a large-scale power outage mainly in Chiba Prefecture, amounted to 465.6 billion yen, making it the fourth largest scale in the past.

The amount of payments in FY2019 exceeded 1 trillion yen due to these two natural disasters alone, and it is once again highlighted that record damage has occurred.

It is the second consecutive year that the amount of insurance payments due to natural disasters will exceed 1 trillion yen for the second consecutive year, following fiscal 2018, when damage from typhoon No. 21 that caused heavy rainfall in western Japan and the Kansai region occurred in succession.

Major non-life insurance companies have decided to raise their fire insurance premiums from January next year, as their profits have deteriorated due to the payment of huge amounts of insurance money.