General Insurance Association of Japan
The General Insurance Association of Japan is a trade association representing licensed general insurance companies in Japan.
The objective of the GIAJ is to promote sound development and maintain reliability of the general insurance business in Japan, and thus contribute to a secure and safe society. To this end, the GIAJ focuses on the following five pillars of activities:
(1) Enhancement of Communication with Consumers
(2) Improvement of the Quality of Business Processes and Customer Inter-relations
(3) Development of the Business Infrastructure, and Requests and Proposals
(4) Contribution to Safety and Security in Society and the Community
(5) Contribution to the Global Community
GIAJ reports public gaps in awareness of fraud impact
GIAJ reports public gaps in awareness of fraud impact
Nearly 60% were unaware of industry efforts that work to combat insurance fraud.
GIAJ enhances compliance support with new rules and seminars after leaks
It also announced the formulation of whistleblowing mechanisms.
GIAJ approves guidelines to enhance insurance agent business quality
Education and examination system for agents and solicitors will also be improved.
GIAJ pushes for earthquake insurance in risk zones
The association is also revising its business practices.
Vehicle damage leads $356m hailstorm claims in Hyogo
Total claims paid reached 119,238.
Noto Earthquake claims reach $578.2m in May
Of the total claims collected, 68.7% were paid.
Japan insurers pay $215m for April hail damage
Nearly 100% of the claims received were covered.
GIAJ completes $540m claim payments for Noto quake
More than half of this was under the Ishikawa Prefecture.
Japan pays $610b claims from severe rain last year
This included heavy rainfall “Baiu” and Typhoon Mawar.
Total claims payout from Noto quake at JPY20.5B
Accepted claims for the incident was tallied at 76,497.
GIAJ initiates survey for efficient assessment and claim payments after earthquake
The survey will be conducted through the use of aerial and satellite photography.
The general secretary of EAIC urges insurers to strengthen focus on ESG
EAIC said it serves as a platform for neighbouring countries in Asia to exchange information.
August’s weather turmoil caused claim payments to reach Y40b – GIAJ
This was driven by a rainy season front and Typhoon Mawar.
GIAJ’s Chairman shares major initiatives to address shortcomings in the industry
It emphasises preventative measures against fraudulent insurance claims and prove-fixing practices.
Japan’s insurance claims reach Y23.9b end-July – GIAJ
Heavy rainfall at the beginning of the month was noted by the association.
General Insurance Association of Japan shows tax reform requests FY2024
The reforms shall contribute to economic growth and societal development.
GIAJ lays down countermeasures vs. illegal home repairers
They disseminate information to areas affected by natural calamities.
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