Loss Japan Insurance Policy by the Earthquake and Tsunami

Loss Japan Insurance Policy by the Earthquake and Tsunami. As a result of natural disasters of earthquake and tsunami in Japan, Japan Insurance Policy companies’ many a loss. Coupled with the crisis and the nuclear radiation which is still plagued Japan, especially in Fukushima.

Estimated loss companies and Japan Insurance Policy of $ 12 billion to $ 25 billion dollars. The amount of money that does little to pay. As the quotation from the company’s insurance risk assessment, EQECAT, an earthquake measuring 9.0 Richter scale that struck Japan on Friday and followed by a large tsunami hoard “significant losses” for the insurance industry, according to AFP report.

This estimated loss includes the impact of the earthquake shocks, the next tsunami and fire. Insurance on the go for car insurance, marine, life, and personal accident life insurance. But the estimated losses do not include disaster management in nuclear power plants in Japan.

The bulk of the losses on the Japan Insurance Policy will be borne by the property insurance market, which provides earthquake for individuals insurance and business insurance in Japan.

EQECAT estimates that between 2.0 billion to 4.0 billion dollars of insured losses are expected to be borne by the ‘Japan Earthquake Reinsurance Pool‘ owned by the government, reducing the total losses such as non-life property Japan Insurance Policy.