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Overview

General description

A Japanese non-profit, private corporation with a membership comprising general insurance and reinsurance companies

Governing law

The Act on Non-Life Insurance Rating Organizations

Founding objective

Facilitating the sound development of the general insurance business and the protection of the interests of policyholders

Main operations

1. Calculation and provision of Reference Loss Cost Rates and Standard Full Rates
2. Claim Surveys for CALI
3. Data bank



Financial resources for operating expenses

Membership fees. Operating expenses for compulsory automobile liability insurance are included in insurance premiums.

Regulatory authority

Financial Services Agency