In 2024, the liability limit for residential earthquake insurance in Japan amounted to approximately 12 trillion Japanese yen. The limit for claims payable by the government, which acts as a reinsurer in Japan's earthquake insurance system, amounted to about 11.66 trillion yen. The earthquake insurance system was established in 1966 and is jointly run by private companies, the government, and Japan Earthquake Reinsurance Co., Ltd. to ensure the payment of insurance claims in the event of severe earthquakes.
Liability limit for earthquake insurance in Japan from 2011 to 2024, by sector
(in trillion Japanese yen)
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GIAJ. (October 1, 2024). Liability limit for earthquake insurance in Japan from 2011 to 2024, by sector (in trillion Japanese yen) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1295187/japan-liability-limit-for-earthquake-insurance-by-sector/
GIAJ. "Liability limit for earthquake insurance in Japan from 2011 to 2024, by sector (in trillion Japanese yen)." Chart. October 1, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1295187/japan-liability-limit-for-earthquake-insurance-by-sector/
GIAJ. (2024). Liability limit for earthquake insurance in Japan from 2011 to 2024, by sector (in trillion Japanese yen). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1295187/japan-liability-limit-for-earthquake-insurance-by-sector/
GIAJ. "Liability Limit for Earthquake Insurance in Japan from 2011 to 2024, by Sector (in Trillion Japanese Yen)." Statista, Statista Inc., 1 Oct 2024, https://www.statista.com/statistics/1295187/japan-liability-limit-for-earthquake-insurance-by-sector/
GIAJ, Liability limit for earthquake insurance in Japan from 2011 to 2024, by sector (in trillion Japanese yen) Statista, https://www.statista.com/statistics/1295187/japan-liability-limit-for-earthquake-insurance-by-sector/ (last visited December 22, 2024)
Liability limit for earthquake insurance in Japan from 2011 to 2024, by sector (in trillion Japanese yen) [Graph], GIAJ, October 1, 2024. [Online]. Available: https://www.statista.com/statistics/1295187/japan-liability-limit-for-earthquake-insurance-by-sector/
