, Japan

Tokio Marine marine insurance cover sales surged by 31% in May

Total sales increased by 4.6% for the month.

Tokio Marine sold $780m (JP¥102.19b) of marine insurance products in May, reflecting a 31% YoY surge in sales according to the firm's monthly sales report.

Fire insurance products also saw positive growth of 14.1% YoY in the month. Personal accident cover also surged by 2.4%, a total of $1.26b. 

Meanwhile, auto insurance and Compulsory Automobile Liability Insurance (CALI) saw sales drop in May by 0.2% and 1.7% YoY, respectively.

Total sales for the month reached $1.38b, a growth of 4.6% YoY.

*****

You may also like:

1 in 2 Hong Kongers said they have ‘no spare money’ for insurance

Chubb and JA Assure launches cyber insurance platform for SMEs

APAC records highest growth rate in over five years in 2021

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
Insurance
InterContinental Singapore is saving insurance for a rainy day
NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel’s rain insurance offer.
Insurance