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Policyholders' data likely leaked by outsource employees: Alico

TOKYO, Japan - Kazuyuki Takahashi (C), a representative of Insurer Alico Japan, speaks about the company's in-house probe into a large leak of its customers' credit information at a press conference in Tokyo on Sept. 11, 2009. Takahashi said it was highly likely that the leak occurred through fraudulent access by employees at a company working on behalf of Alico Japan.

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Tokio Marine President Ishihara to resign over nonpayment scandal

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders.

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Tokio Marine President Ishihara to resign over nonpayment scandal

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders.

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Tokio Marine & Nichido President Ishihara likely to resign: sources

TOKYO, Japan - File photo shows Tokio Marine & Nichido Fire Insurance Co. President Kunio Ishihara, who is expected to resign at the end of June to facilitate the company's efforts to regain the trust of policyholders following a scandal involving nonpayment of insurance benefits, according to company sources on April 7.

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Major insurers' nonpayment cases rise to over 200,000

TOKYO, Japan - Kunio Ishihara, president of Tokio Marine & Nichido Fire Insurance Co., apologizes at a news conference in Tokyo on Sept. 29 after Japan's top six nonlife insurers, including his company, have reported to financial authorities thousands of additional cases of failure to pay promised insurance benefits to policyholders.

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Nippon Life solvency margin ratio up to 927.9%

TOKYO, Japan - Nippon Life Insurance Co. President Sadao Kato tells a press conference in Tokyo on Nov. 26 that the company's solvency margin ratio, a key gauge of an insurer's ability to pay policyholders, stood at 927.9 percent as of Sept. 30, up from 893.8 percent as of March 31.

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Upper house panel passes yield-cut bill

TOKYO, Japan - Financial Services Minister Heizo Takenaka (R) bows in gratitude after the House of Councillors Financial Affairs Committee passed a bill July 17 allowing troubled life insurers to reduce guaranteed yields to policyholders.

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Lower house passes bill to allow insurance yield cuts

TOKYO, Japan - The House of Representatives on June 12 approved a bill allowing life insurance companies to cut yields promised to policyholders, as a measure to prevent insurers going bankrupt. The bill is discussed by the House of Councillors before being enacted.

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Lower house panel approves bill allowing yield cuts

TOKYO, Japan - Prime Minister Junichiro Koizumi responds to questions at the House of Representatives financial affairs committee on June 10. The committee approved a bill later allowing life insurers to lower yields guaranteed to their policyholders in order to avoid bankruptcies.

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Prudential questions fairness of insurers safety-net system

TOKYO, Japan - Prudential Financial Inc. Chairman Arthur Ryan tells Kyodo News on Dec. 16 that he questioned the fairness of Japan's safety-net mechanism for life insurance policyholders, under which money is collected from all insurers to enable compliance with insurance contracts underwritten by failed insurers. ''Bailing out troubled companies does not solve the problem in the industry,'' he said.

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Nippon Life's solvency margin falls in fiscal 1st half

TOKYO, Japan - Nippon Life Insurance Co. Vice President Mitsuhiro Ishisbashi (C) speaks on interim earnings results at a news conference in Tokyo on Nov. 26. He said his company's solvency margin ratio, a key gauge of an insurer's ability to pay policyholders, stood at 632.0% as of Sept. 30, down from 714.4% as of March 31.

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Meiji Life president cautious on insurer yield cut

TOKYO, Japan - Ryotaro Kaneko, president of Meiji Life Insurance Co., speaks in an interview with Kyodo News. Kaneko, also chairman of the Life Insurance Association of Japan, said the nation's life insurance industry is now on a recovery path and each insurer should carefully deal with the issue of a cut in yields guaranteed to policyholders.

E

Court dismisses policyholders' suit against insurance firms

OSAKA, Japan - Policyholders of Nippon Life Insurance Co. and Sumitomo Life Insurance Co. enter the Osaka District Court on July 18. The court dismissed their lawsuit demanding the firms' four former and incumbent presidents return money donated to political parties including the ruling Liberal Democratic Party.

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Life insurer body rules out simultaneous guaranteed yield cuts

TOKYO, Japan - Ikuo Uno, chairman of the Life Insurance Association of Japan, speaks at a press conference at the Bank of Japan's head office in Tokyo on June 15. He ruled out the possibility of all insurers conducting simultaneous cuts to guaranteed yields they promised to earn in soliciting policyholders.

E

Toho Mutual Life ordered to halt business

The Financial Supervisory Agency (FSA) orders Toho Mutual Life Insurance Co. on June 4 to partially suspend business following a surge in the number of cancellations by policyholders of insurance contracts. The photo shows FSA chief Masaharu Hino explaining his agency's order at a news conference in Tokyo.

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Nippon Life solvency margin ratio up to 927.9%

TOKYO, Japan - Nippon Life Insurance Co. President Sadao Kato tells a press conference in Tokyo on Nov. 26 that the company's solvency margin ratio, a key gauge of an insurer's ability to pay policyholders, stood at 927.9 percent as of Sept. 30, up from 893.8 percent as of March 31. (Kyodo)

E

Major insurers' nonpayment cases rise to over 200,000

TOKYO, Japan - Kunio Ishihara, president of Tokio Marine & Nichido Fire Insurance Co., apologizes at a news conference in Tokyo on Sept. 29 after Japan's top six nonlife insurers, including his company, have reported to financial authorities thousands of additional cases of failure to pay promised insurance benefits to policyholders. (Kyodo)

E

Tokio Marine & Nichido President Ishihara likely to resign: sour

TOKYO, Japan - File photo shows Tokio Marine & Nichido Fire Insurance Co. President Kunio Ishihara, who is expected to resign at the end of June to facilitate the company's efforts to regain the trust of policyholders following a scandal involving nonpayment of insurance benefits, according to company sources on April 7. (Kyodo)

E

Tokio Marine President Ishihara to resign over nonpayment scanda

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders. (Kyodo)

E

Tokio Marine President Ishihara to resign over nonpayment scanda

TOKYO, Japan - Kunio Ishihara (L), president of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after the company decided to promote Senior Managing Director Shuzo Sumi (R) to president in late June. Ishihara will become chairman without the right to represent the company, which has been under fire for nonpayment of insurance benefits to policyholders. (Kyodo)

E

Lower house passes bill to allow insurance yield cuts

TOKYO, Japan - The House of Representatives on June 12 approved a bill allowing life insurance companies to cut yields promised to policyholders, as a measure to prevent insurers going bankrupt. The bill is discussed by the House of Councillors before being enacted. (Kyodo)

E

Prudential questions fairness of insurers safety-net system

TOKYO, Japan - Prudential Financial Inc. Chairman Arthur Ryan tells Kyodo News on Dec. 16 that he questioned the fairness of Japan's safety-net mechanism for life insurance policyholders, under which money is collected from all insurers to enable compliance with insurance contracts underwritten by failed insurers. ''Bailing out troubled companies does not solve the problem in the industry,'' he said. (Kyodo)

E

SoftBank, Sumitomo Life to tie up in developing insurance program

(From L) Adrian Gore, chief executive of South African insurer Discovery Ltd., Sumitomo Life Insurance Co. President Masahiro Hashimoto and SoftBank Group Co. President Ken Miyauchi pose for a photo on July 21, 2016, during a press conference in Tokyo. They announced that SoftBank and Sumitomo will tie up in developing a new insurance program offering lower premiums to more-health-conscious policyholders by making use of Softbank's information and communication technology. Sumitomo Life will join hands with Discovery, which has already rolled out a similar insurance program, in developing the new scheme. (Kyodo) ==Kyodo

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Policyholders' data likely leaked by outsource employees: Alico

TOKYO, Japan - Kazuyuki Takahashi (C), a representative of Insurer Alico Japan, speaks about the company's in-house probe into a large leak of its customers' credit information at a press conference in Tokyo on Sept. 11, 2009. Takahashi said it was highly likely that the leak occurred through fraudulent access by employees at a company working on behalf of Alico Japan. (Kyodo)

E

Upper house panel passes yield-cut bill

TOKYO, Japan - Financial Services Minister Heizo Takenaka (R) bows in gratitude after the House of Councillors Financial Affairs Committee passed a bill July 17 allowing troubled life insurers to reduce guaranteed yields to policyholders. (Kyodo)

E

Lower house panel approves bill allowing yield cuts

TOKYO, Japan - Prime Minister Junichiro Koizumi responds to questions at the House of Representatives financial affairs committee on June 10. The committee approved a bill later allowing life insurers to lower yields guaranteed to their policyholders in order to avoid bankruptcies. (Kyodo)

E

Nippon Life's solvency margin falls in fiscal 1st half

TOKYO, Japan - Nippon Life Insurance Co. Vice President Mitsuhiro Ishisbashi (C) speaks on interim earnings results at a news conference in Tokyo on Nov. 26. He said his company's solvency margin ratio, a key gauge of an insurer's ability to pay policyholders, stood at 632.0% as of Sept. 30, down from 714.4% as of March 31. (Kyodo)

E

Meiji Life president cautious on insurer yield cut

TOKYO, Japan - Ryotaro Kaneko, president of Meiji Life Insurance Co., speaks in an interview with Kyodo News. Kaneko, also chairman of the Life Insurance Association of Japan, said the nation's life insurance industry is now on a recovery path and each insurer should carefully deal with the issue of a cut in yields guaranteed to policyholders.

E

Court dismisses policyholders' suit against insurance firms

OSAKA, Japan - Policyholders of Nippon Life Insurance Co. and Sumitomo Life Insurance Co. enter the Osaka District Court on July 18. The court dismissed their lawsuit demanding the firms' four former and incumbent presidents return money donated to political parties including the ruling Liberal Democratic Party.

E

Life insurer body rules out simultaneous guaranteed yield cuts

TOKYO, Japan - Ikuo Uno, chairman of the Life Insurance Association of Japan, speaks at a press conference at the Bank of Japan's head office in Tokyo on June 15. He ruled out the possibility of all insurers conducting simultaneous cuts to guaranteed yields they promised to earn in soliciting policyholders.

E

Toho Mutual Life ordered to halt business

The Financial Supervisory Agency (FSA) orders Toho Mutual Life Insurance Co. on June 4 to partially suspend business following a surge in the number of cancellations by policyholders of insurance contracts. The photo shows FSA chief Masaharu Hino explaining his agency's order at a news conference in Tokyo. ==Kyodo

Policyholders' data likely leaked by outsource employees: Alico

Tokio Marine President Ishihara to resign over nonpayment scandal

Tokio Marine President Ishihara to resign over nonpayment scandal

Tokio Marine &amp; Nichido President Ishihara likely to resign: sources

Major insurers' nonpayment cases rise to over 200,000

Nippon Life solvency margin ratio up to 927.9%

Upper house panel passes yield-cut bill

Lower house passes bill to allow insurance yield cuts

Lower house panel approves bill allowing yield cuts

Prudential questions fairness of insurers safety-net system

Nippon Life's solvency margin falls in fiscal 1st half

Meiji Life president cautious on insurer yield cut

Court dismisses policyholders' suit against insurance firms

Life insurer body rules out simultaneous guaranteed yield cuts

Toho Mutual Life ordered to halt business

Nippon Life solvency margin ratio up to 927.9%

Major insurers' nonpayment cases rise to over 200,000

Tokio Marine & Nichido President Ishihara likely to resign: sour

Tokio Marine President Ishihara to resign over nonpayment scanda

Tokio Marine President Ishihara to resign over nonpayment scanda

Lower house passes bill to allow insurance yield cuts

Prudential questions fairness of insurers safety-net system

SoftBank, Sumitomo Life to tie up in developing insurance program

Policyholders' data likely leaked by outsource employees: Alico

Upper house panel passes yield-cut bill

Lower house panel approves bill allowing yield cuts

Nippon Life's solvency margin falls in fiscal 1st half

Meiji Life president cautious on insurer yield cut

Court dismisses policyholders' suit against insurance firms

Life insurer body rules out simultaneous guaranteed yield cuts

Toho Mutual Life ordered to halt business

Tokio Marine & Nichido President Ishihara likely to resign: sources