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tokio-marine-life-ends-excessive-favour-practices-for-agents-after-fsa-order

Tokio Marine & Nichido Life ends 'excessive favour' practices for agents after FSA order

September 9 2025

The Japanese insurer has told the Financial Services Agency that it has ended practices that risked distorting sales, including recruitment support for agents.

resolution-life-signs-japan-flow-reinsurance-deal-with-taiju-life

Major Japanese life insurers to end secondments following data leak scandals: Report

August 27 2025

Nippon Life, Meiji Yasuda, Sumitomo Life and Dai-ichi Life will end the practice following data leak scandals involving seconded staff.

Mizuho Bank plans to cease hiring seconded insurance staff after data breaches

August 19 2025

The move follows regulatory scrutiny after millions of customer records were leaked from major Japanese insurers.

former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud

Hong Kong authorities charge former CCB employee in Vesttoo case

June 9 2025

Charges relate to alleged acceptance of over US$470,000 in cryptocurrency to supply false letters of credit.

japans-prudential-life-ordered-to-report-measures-following-employee-misconduct-report

FSA orders Prudential Life to provide comprehensive plan following employee misconduct: Report

April 14 2025

Employee misconduct prompts Japanese regulator to demand stricter compliance measures.

Hong Kong's insurance complaints stable in 2024, but claims disputes surge

March 31 2025

Data from the IA shows a 51% rise in claims-related complaints, but grievances related to services dropped drastically.

japanese-insurers-reduce-capacity-withdraw-favourable-terms-to-focus-on-profitability-aon

Japan's FSA orders major insurers to improve practices following seconded employee data breaches: Report

March 25 2025

Order issued after two million customer records were inappropriately shared with primary employers.

giaj-rolls-out-trust-building-measures-and-agency-reform-initiatives

General Insurance Association of Japan rolls out trust-building measures

March 24 2025

GIAJ is spearheading efforts to enhance transparency and accountability in Japan's non-life sector following recent scandals.

allianz-australia-awp-australia-fined-a16-8m-for-misleading-travel-insurance-advertising

Supreme Court of NSW fines Allianz, AWP A$16.8m for misleading travel insurance advertising

February 28 2025

The court found both companies misrepresented policy features and coverage levels online between 2016 and 2018.

new-giaj-chairman-says-blunted-sense-of-risk-a-root-cause-of-compliance-failures

New GIAJ Chairman says "blunted sense of risk" a root cause of industry operational failures

September 23 2024

Hiroaki Shirota pledges reforms and restoration of trust following industry scandals which have weighed heavily on Japan's non-life industry.

giaj-tells-japanese-non-life-insurers-to-set-clear-deadline-to-offload-strategic-shareholdings

GIAJ tells Japan's non-life insurers to set clear deadlines for offloading of strategic shareholdings

September 20 2024

Amid regulatory pressure to reduce conflicts of interest, GIAJ sets new guidelines calling for clear timeframes on divestment of cross-held shares.

over-2-million-customer-records-leaked-in-seconded-employee-data-breach-cases-report

Over 2 million customer records leaked in Japan seconded employee data breaches: Report

August 28 2024

Japan's non-life insurers set to report to Financial Services Agency within the week over significant unauthorised sharing of rival data.

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