Japan Earthquake’s Insurance Claims May Top $1.1 Billion: Bloomberg Intelligence

Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.”We estimate industry-wide insurance claims could reach the low hundreds of billions of yen,” BI analyst Steven Lam said in a report. Most of the exposure from the July 28 quake in Kumamoto is tied to commercial properties, as well as residential coverage under Japan’s earthquake insurance system, he said. Japan’s three major private insurers — Tokio Marine Holdings Inc., Sompo Holdings Inc. and MS&AD Insurance Group Holdings Inc. — have budgeted a combined 365 billion yen for domestic natural catastrophe claims this fiscal year, more than twice their combined claims in the prior year. Their share of the latest claims could amount to less than 1% of adjusted profit after reinsurance recoveries and taxes, BI estimated. The magnitude 7.1 quake has killed 30 people, including some still being assessed for links to the temblor. This story was produced with the assistance of Bloomberg Automation Photograph: A destroyed building is seen next to homes in Hikawa, Japan on July 30, 2026; photo credit: Philip Fong/AFP/Getty Images Related: Powerful Quake Hits Southern Japan, Workers Missing After Shopping Mall Blast Copyright 2026 Bloomberg. Topics Catastrophe Natural Disasters Claims Was this article valuable? Thank you! Please tell us what we can do to improve this article. Thank you! % of people found this article valuable. Please tell us what you liked about it. Here are more articles you may enjoy.