Government-affiliated insurance company expands trade insurance system to help strengthen supply network. Trade insurance is a system that covers losses incurred by Japanese companies doing business overseas, based on insurance premiums.
For example, insurance benefits will now be paid even if important minerals such as lithium fail to reach the factory of a Japanese manufacturer overseas. Furthermore, we will provide new insurance to make it easier to export to countries where there are risks such as political instability, says Atsuro Kuroda, president of Nippon Export and Investment Insurance.