Tokio Marine Holdings Inc, a major Japanese insurance company, has reported a potential leak of personal information affecting about 63,200 policyholders
This issue was identified following a ransomware attack on a server operated by an outsourced accounting firm.
According to Nippon’s report, the companies under Tokio Marine impacted by this possible data breach include:
The compromised data includes names, addresses, and insurance policy numbers. Currently, there have been no reports of unauthorised use of this information.
Tokio Marine & Nichido Fire Insurance Co is among Japan’s four leading non-life insurers reportedly set to raise fire insurance premiums by approximately 10% nationwide starting in October, according to industry sources.
According to Nippon, this increase is due to higher payouts for natural disasters and the rising costs of home repairs.
The other insurers involved in the rate hike are:
Last year, the Financial Services Agency approved a plan to raise reference rates for fire insurance by an average of 13%, which insurers use to set premiums.
In Thailand, Tokio Marine Safety Insurance recently announced changes to its policy for new electric vehicle (EV) customers.
Current insurance premiums will no longer apply to new EV customers, including those purchasing transferred vehicles. Instead, new premium rates will be determined on a case-by-case basis.
This announcement comes amid rumours that Tokio Marine had stopped offering EV insurance. The company clarified that its services are still available but under revised conditions. For existing policyholders, renewal premiums will be based on their claim history.
