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.
