Revealed – How many claims will result from the 2024 Noto Peninsula earthquake?

Revealed – How many claims will result from the 2024 Noto Peninsula earthquake? | Disaster and flood detection in Asia insurance business – How many claims will result from the Noto Peninsula earthquake in 2024? A report showing the areas with the highest disaster and flood payments

Written by Roxanne Libatique

The General Insurance Association of Japan (GIAJ) has released statistics on the 2024 Noto Peninsula earthquake, providing a detailed analysis of insurance claims processed through January 31, 2024.

The data includes claims from various prefectures, including Niigata, Toyama, Ishikawa and Fukui, as well as other affected areas.

Noto Peninsula earthquake numbers

According to GIAJ, the total number of accepted claims from policyholders was 76,497. These claims cover a range of claims, from residential and property damage investigations, to consultations and inquiries regarding earthquake insurance coverage. The total number of investigations completed by the association and its member companies reached 38,533 investigations.

The report also detailed the number of claim payments made, which totaled 25,246 across the affected areas. The cumulative amount disbursed in claims payments was approximately 20.53 billion yen.

Areas with the highest claim payouts

Ishikawa Prefecture recorded the highest number of claim payments, at more than 8 billion yen, followed by Toyama and Niigata Prefectures, with total payments of about 6.49 billion yen and 5.25 billion yen, respectively.

Fukui Prefecture and other areas saw smaller amounts disbursed, with figures reaching around 351 million yen and 357 million yen.

These figures represent a collaborative effort between GIAJ, the Japan Foreign Non-Life Insurance Association and other related entities.

The number of claims accepted reflects the different types of assistance sought by policyholders, while the number of completed investigations shows the extent of claims processing undertaken in the aftermath of a disaster.

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