After the great east Japan earthquake,Japanese insurance companies have to pay for the largest amount of insurance claims.Under the leading function of two major insurance industry associations—The General Insurance Association of Japan and The Life Insurance Association of Japan,the insurance companies take comprehensive measures to promote the claims quickly and accurately.Affected by the earthquake,the Japanese insurance companies showed decline of current revenue,especially the general insurance sector was in particular serious losses.But in the long term,the impact of this earthquake is limited on the insurance companies.This is mainly benefited from the financial capacity of insurance companies and Japanese complete earthquake insurance system and reinsurance mechanism.We should learn and think the experience of Japanese insurance industry in dealing with the big earthquake.
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