Cover Story – CATs : Floods and ‘Acts of God’ - Japan tsunami causes largest-ever life insurance catastrophe
Source: Asia Insurance Review | Jun 2011
Japan has the largest and one of the most sophisticated life insurance industry in the world. The powerful M9.0 earthquake and tsunami that caused signficant damage throughout the Tohoku region of Japan on 11 March also triggered an unprecedented number of life insurance claims and will change the nature of mortality risk management throughout the world. Mr Andrew Coburn of Risk Management Solutions discusses the horrific destructive disaster which may result in the largest life insurance payout in history.
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