Business Apr 14, 2021
Treasury traders seek moment of truth from Japan’s life insurers
by Chikako Mogi and Chikafumi Hodo
With combined assets equivalent to $3.6 trillion, and one-quarter of this in foreign securities, even minor shifts in Japanese insurer allocations can impact markets.
National Dec 14, 2020
Major Japan life insurers shun investing in nuclear weapons-linked firms
The restraint shown by the life insurers reflects a growing trend toward valuing environmental, social and other such factors in making investment decisions.
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 / Corporate Feb 5, 2020
Aeon Financial Service Co. has announced a plan to enter the life insurance business by acquiring a Japanese unit of German insurer Allianz SE. The financial service firm associated with major retailer Aeon Co. said Tuesday it would buy 32,400 new shares to be issued ...
Business / Corporate Dec 21, 2019
Financial watchdog considers three-month sales halt at Japan Post units
The financial watchdog is considering imposing a three-month suspension of new sales of insurance products at two subsidiaries of the former state-owned postal services group, sources close to the matter said Saturday. The suspension would be slapped on Japan Post Insurance Co. and Japan Post ...
Business / Corporate Dec 21, 2019
Vice minister of internal affairs quits over leak of penalties to scandal-hit Japan Post
The move is another example of the cozy relations between ministry officials and the Japan Post group.
Business / Corporate Aug 31, 2019
FSA to inspect two Japan Post units involved in insurance sales scandal
The Financial Services Agency will conduct on-site inspections of Japan Post Co. and Japan Post Insurance Co. in September over the insurance sales scandal involving the Japan Post Holdings Co. units.
National Oct 29, 2017
Insurers devise new steps to slash fees and promote wellness in rapidly graying Japan
Walking 8,000 steps a day or eating healthy food may now save you money as some Japanese insurers move to sell policies that offer premium discounts or refunds to those living healthily. These types of insurance policies may cut Japan's medical and nursing care costs, ...
Business / Corporate Nov 15, 2016
SoFi expands into life insurance through deal with Protective Life
Social Finance Inc., a fast-growing online lender that focuses on high-earning millennials, is broadening its offerings to include life insurance. The startup, known as SoFi, will join with Protective Life Corp., a unit of Japan's Dai-ichi Life Holdings Inc., to provide up to $1 million ...
Business Oct 23, 2015
Top life insurers face second-half obstacles to returns on investment
Japan's biggest life insurers face hurdles wherever they seek returns in the fiscal second half, as Bank of Japan debt buying depresses local yields, the yen shows signs of strength and currency hedging costs soar. Nippon Life Insurance Co. said Thursday it plans to keep ...
