The insurer has voluntarily stopped writing new business since February, but the FSA is planning a formal order after employees improperly obtained JPY3.1bn (US$19.7m) from about 500 customers.
The entrance into the cyber segment comes after the non-life insurer’s Japan branch reported premium income of JPY28.9bn (US$183.1m) in 2025, alongside continued expansion of its specialist workforce....
Edison Sam will spearhead CTF Life's digital, data and AI agenda as the insurer accelerates enterprise-wide transformation and growth initiatives across key markets.
Under the proposed rules, insurers and takaful operators would have to check customer understanding before underwriting and stop sales that cannot meet a customer's needs.