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Japan tag returned 224 results

  • Japanese conglomerate's insurance and banking units admit to misconduct

    Japan's Financial Services Agency has launched an investigation into Japan Post's insurance and banking units repeatedly selling unsuitable insurance and investment trusts to elderly customers, reported the Japan Times quoting a confession from Japan Post. This misconduct case has taken place during a period when the profitability of these two units continues to be negatively affected by the Bank of Japan's negative interest rates policy.

    Asia | 26 Jun 2019
  • Japanese insurer plans to retrench 15% of workforce

    As Sompo Japan Nipponkoa Insurance looks to capitalise on information technology to carry out operations, it has planned to cut the number of its employees according to a report from local news agency Jiji Press. Approximately 4,000, or 15% of its workforce, will be retrenched and no early retirement programme will be offered according to sources.

    Asia | 26 Jun 2019
  • Japan: Non-life insurance giant eyes acquisition opportunities in Asia

    Tokio Marine Holdings is seeking acquisition opportunities in Asian emerging markets and elsewhere, as it seeks to double profits from those regions, according to the new chief of Japan's largest P&C insurer.

    Asia | 26 Jun 2019
  • Real-time predictions of disaster damage in Japan look to mitigate risk

    Aioi Nissay Dowa Insurance, Yokohama National University and Aon Benfield Japan have launched a free website that provides real-time predictions for the number of buildings at risk during natural disasters, reported Japan Times.

    Asia | 20 Jun 2019
  • Japan: Low yields of local bonds push life insurers to buy more foreign bonds

    Persistently low and falling bond yields in Japan are likely to encourage life insurers to accumulate more foreign bonds, says Fitch Ratings in a new report.

    Asia | 19 Jun 2019
  • In a first, G 20 takes note of ageing as a global risk

    The world's top policymakers have for the first time taken note of economic issues relating to rapidly ageing populations and shrinking birth-rates which lead to ballooning healthcare costs, labour shortages and financial services for the elderly.

    Asia Risk | 12 Jun 2019
  • Japan: People urged to take greater charge of retirement financing

    A government council has called on the public to take greater charge of their finances and to plan for their retirement by proactively managing and investing their assets, pointing out that Japan's public pension system is unable to sustain people's livelihoods anymore in a rapidly aging society.

    Asia | 10 Jun 2019
  • Japan: Govt mulls facial recognition system to deter health insurance fraud

    The government is considering introducing a facial recognition system in hospitals to identify patients using tax and social security identification cards, dubbed My Number cards, as health insurance cards, sources have said.

    Asia | 07 Jun 2019
  • Japan: Life insurers post strong profit, but asset risk is set to rise

    Four major Japanese life insurers reported strong results for the fiscal year ended 31 March 2019, but that asset risk will rise as the four increase their overseas investments, says Moody's Japan K.K.

    Asia | 05 Jun 2019
  • Japan: Sales of foreign-currency savings-type insurance plans surge

    Sales of foreign currency-denominated savings-type insurance plans in the fiscal year ended 31 March 2019 (FY2018) by five major life insurance companies reached a record high of approximately JPY3.6trn ($33.3bn), an increase of 50% from the previous year.

    Asia | 04 Jun 2019

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