Japan nonlife insurers to report on inappropriate business practices
Japan nonlife insurers to report on inappropriate business practices | Insurance Business Asia
Insurance News
Japan nonlife insurers to report on inappropriate business practices
The four were tied cartel allegations earlier this year
Insurance News
By
Kenneth Araullo
Japan’s four major casualty insurers have identified inappropriate business conduct involving over 100 corporate clients during internal investigations related to alleged price fixing.
The original Nikkei report also noted that the agency is contemplating potential administrative penalties if the insurers are determined to have breached industry regulations aimed at ensuring fairness and safeguarding customer interests.
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