Recently, Munich Re Specialty has launched a parametric earthquake insurance product for Japanese corporate clients via the Lloyd’s Japan platform.

Japan experiences thousands of perceptible earthquakes every year, which frequently trigger supply chain disruptions. This insurance delivers speedy payouts to fill coverage gaps under conventional policies.

Triggered by seismic data from Kik-net and K-NET monitoring stations, the product releases liquidity funds rapidly without physical damage verification, supporting post-quake recovery across a wide range of industries.