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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.
Major Japan life insurers shun investing in nuclear weapons-linked firms
14 Dec 20, Four major Japanese life insurers do not invest in or extend loans to producers of nuclear weapons or companies related to them, Kyodo News learned Saturday, as part of their efforts toward socially responsible investing.The revelation comes as various lenders in Japan, Europe and the United States have refrained from investing in companies involved in the nuclear weapons industry.It also precedes the entry into force in January of a United Nations treaty that will ban such weapons.
The four life insurers which managed a combined ¥151 trillion in assets in fiscal 2019 Nippon Life Insurance Co., Dai-ichi Life Insurance Co., Meiji Yasuda Life Insurance Co. and Fukoku Mutual Life Insurance Co. did not disclose lists of targeted companies.
Major Japan life insurers shun investing in nuke weapon-linked firms
Four major Japanese life insurers do not invest in or extend loans to producers of nuclear weapons or companies related to them, Kyodo News learned Saturday, as part of their efforts toward socially responsible investing.
The revelation comes as various lenders in Japan, Europe and the United States have refrained from investing in companies involved in the nuclear weapons industry.
It also precedes the entry into force in January of a U.N. treaty that will ban such weapons.
A U.S. forces B-2 stealth bomber is being refueled in July 2006. (UPI/Kyodo)
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