News - Japan: Life Insurers Fail to Pay Claims of ¥96.4 Bln in 1.31 Mln Cases

Source: Asia Insurance Review | Jan 2008

The non-payment debacle continues to plague Japan’s life market, as fresh reports from the Financial Supervisory Agency (FSA) indicate that nonpayment of claims by all 38 life insurance companies in Japan totalled ¥96.4 billion (US$868 million) in 1.31 million cases in the five years through March 2006.

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News - Japan: Life Insurers Fail to Pay Claims of ¥96.4 Bln in 1.31 Mln Cases

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