Japan insurers struggle to pinpoint climate change cost estimates

Topics Climate Change | Japan | Insurers


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.

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