Business Dec 16, 2020
Japan Post insurer plans $2.9 billion buyback to cut owner stake
Japan Post Insurance is seeking to rebuild its business after a sales scandal last year ended with the resignation of senior management and a regulatory penalty.
Business / Corporate Oct 21, 2020
Nippon Life to adopt ESG evaluation for all investments and loans
As part of the move, the insurer plans to urge companies emitting a large amount of greenhouse gases to draw up plans for emission cuts.
Business / Financial Markets Oct 19, 2020
Tumble in global bond yields sees Japan insurers slash purchases
by Chikako Mogi
Net purchases of medium- to long-term foreign bonds by insurers were the lowest for an April to September period since 2013, according to ministry data.
World / Science & Health | FOCUS Oct 5, 2020
As cities bake on a warming planet, insurers cook up heat wave cover
by Laurie Goering
Longer and hotter heat waves driven by climate change are becoming an increasingly dangerous — and costly — menace.
Business Aug 27, 2020
In wake of insurance scandal, new Japan Post chief says sales of policies to resume
Japan Post said an additional 642 workers, including salespeople, are now subject to disciplinary measures related to the insurance scandal.
Business / Corporate Aug 19, 2020
Taiyo Life to launch insurance in Japan tailored to COVID-19
As well as funds toward hospitalization, the product — the first of its kind in Japan — will also offer policyholders benefits in a lump sum for related expenses.
Business Jul 8, 2020
Japan nonlife insurers to raise premiums 6-8% in wake of disasters
Four major Japanese nonlife insurers plan to raise their fire insurance premiums for homes by a national average of 6 to 8 percent in January 2021, sources said Wednesday. The first simultaneous premium hikes by the four since October 2019 will follow a rise in ...
Business / Corporate Jun 8, 2020
Seven-Eleven to sell life insurance at its convenience stores
Seven-Eleven Japan Co. said Monday it will start selling life insurance at its over 20,000 outlets nationwide, the first such case at a convenience store, as the need for contactless sales grow due to the new coronavirus pandemic. Japan's largest convenience store chain will start ...
Business Apr 28, 2020
The Japan Post Holdings Co. group has revoked the insurance-selling certificates of 75 post office workers for their improper sales of Japan Post Insurance Co. products, while reprimanding two others. The insurance sellers encouraged customers to buy insurance contracts by giving them false explanations in ...
Business / Corporate Apr 1, 2020
Dai-ichi Life Holdings Inc. on Wednesday sharply revised down its group net profit projection for the year that ended Tuesday due to the financial market turmoil stemming from the COVID-19 pandemic. The major Japanese life insurer now expects a net profit of ¥17 billion, more ...
National Mar 28, 2020
Flying low: The battle over Tokyo’s airspace
by Osamu Tsukimori
Haneda Airport’s new flight paths commence despite concerns from aviation experts and public opposition.
Business Mar 25, 2020
Japan Post gets proposal to cut 10,000 jobs amid falling revenue
Japan Post Holdings Co. has received a proposal by a group company to cut 10,000 jobs, as the scandal-hit company seeks to offset deteriorating earnings in the financial business by slashing labor costs, a source close to the matter said Monday. Japan Post Bank Co., ...