Seiji Inagaki, president of Dai-ichi Life Insurance Co., apologizes for a series of frauds involving its employees at a news conference in Tokyo on Dec. 22. (Asahi Shimbun file photo)
YAMAGUCHI Police have sent papers to prosecutors over a suspected fraud totaling 180 million yen ($1.6 million) by an 89-year-old former top-selling saleswoman who worked for a leading life insurance company for more than half a century.
Police did not say whether the suspect has admitted to or denied the allegations when they announced the case on May 19.
The 180 million yen is part of a total of 2.2 billion yen in damages the woman had caused to at least 25 of her clients while she worked for Dai-Ichi Life Insurance Co., police sources said.
The Asahi Shimbun
Dai-ichi Life Holdings Inc. plans to cut greenhouse gases emitted by companies it holds shares and bonds in by 25 percent by 2025 from the level recorded at the end of fiscal 2019, the insurer told The Asahi Shimbun.
It is rare for a leading life insurance company to set a short-term numerical target for measures against global warming in its asset management plan.
“It’s meaningless for businesses to operate on the planet if it becomes uninhabitable due to extreme weather,” Dai-ichi Life Holdings President Seiji Inagaki said in an interview with The Asahi Shimbun. “Life insurance companies can’t survive in such an environment, either.”
NHK - Apr 21
The number of new condo units that went on sale in greater Tokyo last month rose from the same month a year ago. It was the fourth straight monthly increase.
insurancebusinessmag.com - Apr 21
Sales of life insurance products related to COVID-19 have reportedly surged in Japan, as the public is worried about the negative financial effects caused by contracting the disease.
Nikkei - Apr 21
Japan Post Holdings will unload part of Australian logistics company Toll Holdings to an Australian investment fund for around 1 billion yen ($9.23 million), absorbing a massive loss in the deal, Nikkei has learned.
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Sales of COVID-19 related insurance products are surging in Japan. | KYODO
Jiji Apr 20, 2021
With the COVID-19 pandemic continuing, sales of life insurance products related to the coronavirus are surging amid concerns over the financial damage that people may suffer if they get infected with the virus.
At Taiyo Life Insurance Co., sales of its COVID-19 insurance product, released in September last year as the first such product in the Japanese life insurance industry, exceeded 100,000 contracts about eight months after release, the fastest pace for a product of the company to pass the threshold in 10 years.
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7 Apr, 2021 Author Yuzo Yamaguchi
More institutional investors in Japan will likely join Nippon Life Insurance Co. in dialing up pressure on their portfolio companies to go greener more aggressively, experts say, after the nation s largest life insurer went as far as threatening to off-load investments that are not tackling emissions adequately.
Nippon Life, also the third-largest Asian institutional investor by assets under management, said in February that companies in its ¥10 trillion domestic portfolio must achieve net-zero emissions by 2050, or risk being divested. The insurer also said it would start investing in companies actively tackling emissions from the current fiscal year beginning April 1.