Kita will supply satellite-based project risk analytics to Tokio Marine & Nichido customers under an expanded agreement covering three group companies.
Insurance research institute told a Seoul workshop that correlated shocks from both perils need dispersing through reinsurance, capital markets, and a defined public-private framework.
Estimates from across the broker and ILS market point the same way, with losses expected to fall short of the quakes that struck the same prefecture a decade ago.
