2024 could potentially exceed ¥150b ($0.94b) in insured losses.
Prior to 2022, Japan’s costliest hailstorm recorded dates back to 24 May 2000 in Kanto region, which saw ¥70b ($0.44b) in insurance claims.
Climate change’s influence on hail risks in Japan remains uncertain due to limited long-term data and complex meteorological factors, Guy Carpenter said in its latest insight “Managing Japanese Hail Risk.”
Insurers are implementing proactive measures like hail prediction…
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Source: https://insuranceasia.com/insurance/news/japanese-insurers-seeking-alternatives-lower-hail-risks