Covid-19 to have limited impact on Japanese non-life market – Fitch

Japan's new national stadium in Tokyo is being built to host the postponed 2020 Games. Credit: Japan Sport Council

Fitch Ratings has said the majority of Japanese insurers’ ratings are unlikely to change under the financial market turmoil resulting from coronavirus (Covid-19). It said insured losses related to the outbreak would have a limited or negligible impact on the profitability of Japanese non-life insurance groups. Fitch said Japanese insurers’ biggest risks from the coronavirus outbreak are likely to result…

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