Munich Re Specialty, supported by the expertise of Munich Re Capital Partners, has launched a parametric earthquake insurance solution for corporate clients in Japan, using the Lloyd’s Japan platform.
The parametric earthquake cover is reportedly designed to provide access to liquidity funds following an event, supporting recovery and continuity even in the absence of physical damage, subject to policy terms, conditions and limits.
Munich Re explained that the product uses data from Kik-net and K-NET seismic monitoring stations and is designed to support a broad range of industries.
Japan experiences around 1,500 noticeable earthquakes each year due to its location near major tectonic fault lines, with significant events regularly causing operational disruption and supply chain interruptions.
Stephanie Ogden, CEO at Munich Re Specialty – Global Markets, Syndicate commented, “This parametric structured product meets a real, historic and daily challenge for businesses across Japan.
“Our role is to help businesses continue their routine operational practices in the face of the devastating impacts of natural catastrophes. Here, we enhance our purpose by enabling fast claims settlements and harnessing global collaboration, skillsets and knowledge across Munich Re.”
René Mück, Global Head of Parametric NatCat at Munich Re, said, “Japan has a strong appreciation for innovative and effective risk management.
“By combining local market understanding with our global Natural Catastrophe Parametric capabilities, we can help Japanese clients quantify complex exposures and close protection gaps with solutions designed for clarity and speed. We look forward to building long-term partnerships that support greater resilience across the Japanese market.”
Emma Loynes, CEO of Asia Pacific, Middle East and Africa and Country Manager of Singapore, Lloyd’s, noted, “This is a strong example of Lloyd’s international platform enabling specialist underwriting expertise to reach clients in key markets.
“By combining global risk capital with local access through Lloyd’s Japan, we can help the market respond to client needs with solutions that are innovative, relevant and resilient.”
