The four major Japanese insurers will report their findings to the FSA on Friday, with an anonymous source claiming 100 corporate clients have been affected by improper business practices.
Nearly 70% of Asian insurers plan to adapt their strategic asset allocation due to changes in risk-based capital regimes, according to a BlackRock report.
Both Bigmotor Co. and Sompo Japan are under fire as the FSA digs deeper into an insurance fraud scandal, resulting in multiple high-profile resignations including Sompo Japan's President earlier this...
Koji Hamawaki steps down after scandals involving fraudulent auto insurance contracts as questions grow about the role Hamawaki's previous employer, embattled Bigmotor Co., played in Nextage's business...
Record-breaking rainfall caused by tropical storm Yun-yeung triggers catastrophic floods, casualties, and extensive damage in Japan's central and eastern regions.
Amid increasing motor vehicle sales and growing demand for coverage against natural catastrophes, Japan's P&C industry is forecast to surpass US$116 billion by 2027,
In the aftermath of fraud accusations against Bigmotor, President Giichi Shirakawa of Sompo Japan steps down — acknowledging hasty decision to resume transactions with the car dealer.
Bigmotor and Sompo face imminent inspection by Japan's financial watchdog, as part of an investigation into fraudulent claims made by the user-car dealership.
