Tokio Marine marine insurance cover sales surged by 31% in May

Total sales increased by 4.6% for the month.

Tokio Marine sold $780m (JP¥102.19b) of marine insurance products in May, reflecting a 31% YoY surge in sales according to the firm's monthly sales report.

Fire insurance products also saw positive growth of 14.1% YoY in the month. Personal accident cover also surged by 2.4%, a total of $1.26b.

Meanwhile, auto insurance and Compulsory Automobile Liability Insurance (CALI) saw sales drop in May by 0.2% and 1.7% YoY, respectively.

Total sales for the month reached $1.38b, a growth of 4.6% YoY.

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