Four major non-life insurance companies ordered to improve operations due to pre-adjustment of insurance premiums Financial Services Agency. Four companies were suspected of pre- adjusting insurance premiums for companies through "co-insurance," in which risks are shared and underwritten. The FSA will continue to request reports on the implementation status of improvement plans by each company in order to correct the practices that have continued in the non- life insurance industry and strengthen the business management system to prevent recurrence. This is the first time in 26 years that four majorNonLife insurance companies have been ordered to. improve their operations.
Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep premiums high, Finance Minister Shunichi Suzuki said on Tuesday.
TOKYO Japan's Mitsui Sumitomo Insurance is developing coverage for space tourism with All Nippon Airways parent ANA Holdings, travel agency H.I.S. and…
CP Daily: Monday December 11, 2023 « Carbon Pulse carbon-pulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carbon-pulse.com Daily Mail and Mail on Sunday newspapers.