Earthquake insurance sales to Japan’s homeowners rose more than 400% following the 11 March earthquake and tsunami.
Figures from the Non-Life Insurance Rating Organisation of Japan (NLIRO) showed a total of 130,776 new polices were issued in April, compared with 23, 847 in April 2010.
Insurers had a total of 12.87m earthquake policies in the month, 4.7% more than April 2010, according to Bloomberg.
The catastrophe destroyed or damaged more than 530,000 homes, many from the tsunami generated by the seismic activity.
Earthquake payouts totalled 1.05 trillion yen, or 598,339 policies as of July 7, according to the General Insurance Association of Japan.