Insurers focus on property, specialty lines as motor premiums drop


Falling motor premiums are pushing Japan’s four largest general insurance carriers to focus more on property and specialty lines, Reinsurance News reported. According to U.K.-based data analytics firm GlobalData PLC, the proportion of motor insurance premiums to total premiums among the four largest insurers dropped from 63.3% to 60.5% between 2016 and 2020, while property insurance premiums increased from almost 13% to over 15% of total premiums.




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