Archive

Japan Post to cut life and asset risks in JPY 550bn Talcott Life Re deal

Ceding to Bermudian life reinsurer involves decades-old annuity contracts

Taiyo Life to reinsure JPY 657bn in long-term care annuities amid rising lapse risk

Meanwhile Japan Post Insurance in talks with KKR's Global Atlantic group on reinsurance investment

Asahi Life introduces 'brownie points' for units with whistleblowers

Fitch predicts robust credit fundamentals and less rates risk for Japan's life sector

Insurers will also keep expanding overseas to boost earnings, ratings agency expects

Japan Post Insurance out of 'regulatory rehab'

"Deemed hospitalisation" costs Japan Post 97% of all Covid hospital claims costs

Government has since scaled back rules on Covid-19 payouts

Japan Post Insurance finds over 2,000 cases of sales malpractice

In almost half of instances, policies failed to match client expectations

Japan Post Insurance finds silver lining to sales ban

Company lifts full-year profit guidance on expected lower sales expenses

Japan Post reported to face three-month sales ban

Regulator expected to publish penalty later today

Japan Post Insurance identifies over 12,000 'improper sales' cases

The Japanese insurer had already flagged up more than 6,000 cases in October