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April 28, 2024
 

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LIFE INSURANCE

Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
Apr 9, 2019
Japan's Dai-ichi Life Insurance gets green light to set up shop in Myanmar
Dai-ichi Life Insurance Co. has become one of five foreign insurers to obtain initial approval to enter the Myanmar market via a wholly owned subsidiary.
Japan Times
JAPAN
Oct 11, 2018
Health ministry encourages firms to help workers plan for retirement
Company-run programs to help employees get a head start on preparing for retirement are flourishing in Japan as the country's average life expectancy continues to grow.
BUSINESS / Companies
Sep 4, 2018
Japan's Dai-ichi Life to buy Suncorp Life for $460 million
Dai-ichi Life Holdings Inc. said Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group, for 640 million Australian dollars ($460 million), the latest overseas expansion for a Japanese insurer grappling with a shrinking domestic market.
Japan Times
BUSINESS
Jul 24, 2018
Nippon Life to stop financing coal-fired power
Nippon Life Insurance Co. will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major domestic institutional investor.
Japan Times
JAPAN
Apr 5, 2018
Companies more willing to give their smokers a kick in the butts
Instead of letting employees light up as usual, Japanese companies are getting creative in encouraging their smokers to kick the habit, with some even introducing total bans or extra paid holidays for nonsmokers.
BUSINESS / Companies
Mar 13, 2018
Nippon Life to acquire 5% stake in Deutsche Bank unit and send representative to join new board
Nippon Life Insurance Co. said Monday it has inked a deal with Germany's Deutsche Bank to acquire a 5 percent stake in the company's asset management unit.
Japan Times
JAPAN
Oct 31, 2017
More Japanese firms introducing anti-smoking measures, including incentives
An increasing number of companies are stepping up efforts to protect employees from the health hazard of cigarettes as the central and local governments study measures to curb the public's exposure to secondhand smoke.
Japan Times
JAPAN
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.
BUSINESS / Companies
Nov 21, 2016
AIG sees $430 million loss on Fuji Life sale, gain on Seoul deal
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to sell Fuji Life Insurance Co. in Japan.
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
Nov 15, 2016
Hong Kong tycoon's FWD poised to buy AIG unit in first Japan foray
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.'s Fuji Life Insurance Co. business, a deal that marks his FWD Group's first foray into Japanese insurance.
JAPAN / Crime & Legal
Sep 9, 2016
Gibraltar Life salesman billed clients for fake insurance premiums, firm says
A 56-year-old salesman at Gibraltar Life Insurance Co.'s branch in Akita Prefecture has been accused of swindling some ¥190 million from 26 customers after faking insurance premiums and pocketing the fees over 10 years.
Japan Times
JAPAN / Society
Dec 21, 2015
Senior workers increasingly taking special leave to look after grandchildren
Amid an increase in two-income households in Japan, the rate of men who take paternity leave is extremely low, and the availability of day care services remains insufficient. So who looks is looking after the children? The answer is often grandparents.
BUSINESS / Companies
Nov 30, 2015
Nippon Life plans Japan's largest REIT as investors crave yields
Nippon Life Insurance Co., which is seeking to gather about ¥300 billion ($2.4 billion) for what would be Japan's largest private real estate investment trust, is targeting returns of 4 percent as yields on government bonds languish near zero.
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.
Japan Times
BUSINESS / Companies
Oct 20, 2015
NTT Docomo to sell insurance products in tie-up with Nippon Life
A tie-up between mobile phone carrier NTT Docomo Inc. and Nippon Life Insurance Co. will see Docomo selling insurance policies at its stores in Japan, sources close to the matter said Tuesday. The carrier is seeking new revenue sources amid government pressure to lower its charges.
Japan Times
BUSINESS / Companies
Mar 20, 2015
Nippon Life turns to overseas, eyes ¥1.5 trillion in mergers and acquisitions by 2018
Nippon Life Insurance Co., reversing its focus on the domestic market, is planning to invest up to ¥1.5 trillion in mergers and acquisitions overseas over the next three years, sources close to the matter said Friday.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Air China to buy 100 locally made C919 jets in $11 billion deal
A Comac C919 during an aerial display at the Singapore Airshow at Changi Exhibition Centre in Singapore in February
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Tokyo's Koto Ward by-election a race unlike any other
Natsumi Sakai, the Constitutional Democratic Party of Japan’s candidate and one of four female candidates running in the by-election, touts her experience as a cancer survivor and midwife as having prepared her to tackle issues that women currently face.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Top U.S. and China diplomats talk tough amid warnings of new ‘downward spiral’
U.S. Secretary of State Antony Blinken and China's Foreign Minister Wang Yi at the Diaoyutai State Guesthouse in Beijing on Friday
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.

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