By Leika Kihara and Takahiko Wada
TOKYO (Reuters) - As the world tries to price the cost of climate change, Japan's second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from current levels.
Sompo Holdings, the No.
3 non-life insurer, also plans to announce a similar estimate in August but with plenty of caveats, its officials say.
Others, including industry leader Tokio Marine & Nichido Fire Insurance, are wary of even producing estimates, citing a lack.