As the number of natural disasters such as typhoons increases, the groups created by non-life insurance companies have decided to raise the standard of fire insurance premiums to compensate for damage by 10.9%, which is the largest ever.
Non-life insurance companies are expected to raise their insurance premiums from next year onward, which is likely to increase the burden on households.
The insurance premium for fire insurance, which compensates for damage to houses caused by natural disasters such as typhoons and heavy rains as well as fires, is based on the "reference net rate" calculated by the "General Insurance Rating Organization of Japan" made by each non-life insurance company. It has been decided.
On the 16th, PMDA announced that it would raise the average of all contract terms by 10.9%.
This is because large-scale natural disasters have occurred one after another in the last few years, and insurance payments by each company are increasing.
The reference net rate was raised by 5.5% in 2018 and 4.9% in 2019 due to the frequent occurrence of natural disasters, but this time the rate of increase exceeded 8.7% in 2005, the highest ever.
In line with this, non-life insurance companies are expected to raise their insurance premiums from next year onward.
With regard to fire insurance, companies have decided to shorten the contract period that does not change insurance premiums from the current maximum of 10 years to 5 years due to the difficulty in assessing long-term risks, which is for households. It is likely to lead to an increase in burden.