noun
Non-Life Insurance Rating Organization of Japan; NLIRO
Official name of a Japanese organization that calculates reference premium rates for non-life insurance. Often referred to by its abbreviation NLIRO.
損害保険料率算出機構は、火災保険や自動車保険の参考純率を算出しています。
The Non-Life Insurance Rating Organization of Japan calculates reference pure rates for fire insurance and automobile insurance.
Compound of 損害保険 (non-life insurance), 料率 (rate), 算出 (calculation), and 機構 (organization).