Decrease in automobile insurance payments from April to June Decrease in accidents due to refraining from going out at Corona 6:29 on August 25
It turned out that the amount paid by auto insurance companies from April to June fell 17% from the same period last year. It is believed that the number of accidents decreased due to the refraining from going out due to the spread of new coronavirus infection.
According to three major non-life insurance groups including Sompo Holdings, which has Sompo Japan, the total amount of auto insurance paid for the three months from April to June was 418.8 billion yen, compared to the same period last year. It decreased by 86.5 billion yen, or 17%.
The volatility of automobile insurance claims has been around a few percent every year for the last few years, and a double-digit decrease is exceptional.
Reasons Each company believes that the number of car accidents decreased due to the refraining from going out with the spread of new coronavirus infection.
The decrease rate of payments by each company
is 23% at ▽SOMPO Holdings,
16% at ▽Tokio Marine Holdings, and 12% at
▽Mitsui Sumitomo Insurance and MS&AD Holdings, which holds Aioi Nissay Dowa Insurance.
It is generally said that lower insurance payments will lead to lower insurance premiums, but each company says, "I would like to carefully watch whether payments will continue to decline."