Aftermath of Japan earthquake serves as reality check for insurance industry
One year ago, Japan was shaken to its core by a magnitude nine earthquake. The shockwaves from Tohoku-Oki on 11 March 2011 are still causing ripples among insurers, risk modelling firms and reinsurers.
The lessons from Japan could change the way the insurance industry works forever. There were two areas of concern: the sheer magnitude of the quake - bigger than models had predicted; and the
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