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International

Sompo Japan to launch flood insurance policy with same-day payout

November 04, 2019 Reprints

Sompo Japan Nipponkoa Insurance Inc. plans to launch a flood insurance policy for businesses that pays out on the same day sensors detect a specified degree of flooding, Asia Insurance Review reports citing Nikkei Asian Review. The policy, which will be introduced earliest by March 2020, will offer fixed premiums and payouts.

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Sompo Japan to launch flood insurance policy with same-day payout

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