Insurance payouts for Hyogo Prefecture hailstorm reach ¥56.4 billion

Insurance payouts for Hyogo Prefecture hailstorm reach ¥56.4 billion | Insurance Business Asia

Catastrophe & Flood

Insurance payouts for Hyogo Prefecture hailstorm reach ¥56.4 billion

Data covers vehicle damage, fire insurance, and miscellaneous casualty insurance

Catastrophe & Flood

By
Roxanne Libatique

The General Insurance Association of Japan (GIAJ) has reported that insurance claims from the hailstorm in Hyogo Prefecture on April 16 have reached ¥56.4 billion as of May 31.

The figures, compiled from GIAJ member companies and the Foreign Non-Life Insurance Association of Japan, provide a comprehensive overview of the claims paid out.

Hailstorm-related insurance claims in Hyogo Prefecture

The specific claims data are as follows:

Vehicle damage: 81,021 claims were accepted for vehicle damage, with 79,468 resulting in payments totalling ¥31.4 billion
Fire insurance: 40,861 fire insurance claims were accepted, and 39,529 claims were paid, totalling ¥24.7 billion
Miscellaneous casualty insurance: This category, which includes personal accident insurance, saw 270 accepted claims, with 241 claims paid, totalling ¥297 million

These numbers reflect all requests for damage investigations, insurance coverage inquiries, and policyholder consultations.

The report includes data from both GIAJ and the Foreign Non-Life Insurance Association of Japan.

Claims across different prefectures are summarised as follows:

Niigata Prefecture: submitted 25,395 claims, with 15,605 claims paid, amounting to ¥12.9 billion
Toyama Prefecture: filed 34,512 claims, with 22,828 claims paid, totalling ¥17.1 billion
Ishikawa Prefecture: reported the highest number with 54,426 claims, and 38,445 claims paid, amounting to ¥41.5 billion
Fukui Prefecture: had 3,924 claims, with 2,008 claims paid, totalling ¥1.3 billion
Other areas: combined submitted 10,006 claims, with payouts totalling ¥1.7 billion