Kita will supply satellite-based project risk analytics to Tokio Marine & Nichido customers under an expanded agreement covering three group companies.
Advantage is shifting from insurers competing on price to those combining agricultural expertise, analytics and flexible capital, says Swiss Re's Chandan Verma.
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.
Pecuniary loss, a class dominated by mortgage guarantee business, delivered around 63% of the onshore market's undiscounted underwriting result, while offshore ships premiums rebounded amid war-risk r...
