Mini insurance policies gain popularity in Japan

Insurance Business America | April 23, 2019

So-called ‘mini’ insurance policies are becoming more popular in Japan, due to their affordability. While these insurance products have shorter coverage durations and smaller amounts insured than regular policies, more people are buying mini insurance due to their low premium levels, a report by Jiji Press said. The increasing demand of this type of insurance has also lead to an increase in companies selling it. As of March, there are 100 companies officially registered with the Small Amount & Short Term Insurance Association of Japan, up from 64 in 2008. The association said that as of the end of March, there were 7.53 million mini insurance contracts in force, or 10% higher than the same time last year. Mini insurance policies are subject to certain restrictions, such as a ¥3 million (US$26,800) cap on life insurance benefits. Household article insurance is the most popular type of policy, followed by life and medical insurance.

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Spotlight

Sometimes, travel doesn't go as planned. Snow storms, heat waves, strong winds or rain — there are plenty of reasons a flight can get delayed, or worse yet, cancelled altogether. Or maybe you're just the type of person who likes to get to the airport 3 hours before takeoff. Either way, there are plenty of reasons travelers might find themselves looking for something to help pass the time in an airport. Fortunately, we've created a series of airport guides to help business travelers figure out where to eat, drink, shop, and relax in airports across the country.

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GeoX | February 18, 2022

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Overhaul | January 12, 2022

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RISK MANAGEMENT

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DL Holdings Group Limited | February 21, 2022

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