Insurance
The Financial Services Agency, through the respective Financial Bureaus, has issued administrative orders against Good Speed and Toyota Mobility Tokyo, both of which are involved in car sales, repair, and also operate as insurance agencies. Both companies have been found to have significant issues across multiple areas, including: improper insurance
Insurance
Prudential Financial and Dai-ichi Life Holdings have announced their intent to pursue a strategic partnership focused on product distribution and asset management capabilities. The partnership would include a product distribution agreement in Japan, where Prudential would select Dai-ichi’s wholly owned subsidiary, The Neo First Life Insurance Company, as an
insurtech
CIEN, a fully-owned subsidiary of hokan, has obtained a paid recruitment business license on January 1, 2025, and has launched a new insurance industry-focused talent recruitment service. This service aims to support human resources challenges for insurance companies, insurance agencies, insurance-related companies, insurtech firms, and overseas companies planning to enter
weekly
Welcome to the ninety-fifth edition of the Japan FinTech Observer. Thank you for all the well wishes. We are back, and so is Ueda-san, who is going to raise the policy rate to 0.5% this week. It simply has to happen, notwithstanding any nonsense coming out of Washington prior
Insurance
justInCase, a small amount and short-term insurance provider recently acquired by Sony Financial, has begun selling "Simple Hospitalization Insurance", a medical insurance plan that allows customers to accumulate 1% of the insurance premium in Ponta points, through "Ponta Easy Insurance" offered by Loyalty Marketing. "Ponta
weekly
Happy new year, and welcome to the ninety-third edition of the Japan FinTech Observer. With January 6 being the first trading day of the year, and also the first workday for many, the past week surely has been quiet. Still, the narrative for the next Bank of Japan Monetary Policy
venture capital
IB has raised approximately 100 million yen in funding from TSE-listed Trade Works and Seibu Shinkin Capital, for a total amount raised of approximately 430 million yen. "Hokenbo," the insurance management app provided by IB, is a free app that allows users to manage and share insurance and
japan
MS&AD Insurance Group announced that MS&AD Ventures, the corporate venture fund of MS&AD Group based in Silicon Valley, has increased the fund amount by USD 100m, which brings the total amount under management to USD 400m. Through effective investment activities by the CVC, the
japan
Welcome to the ninetieth edition of the Japan FinTech Observer. Nippon Life owned this week, like hardly any other Japanese company has owned the headlines in recent memory. The deal to acquire 20% of Corebridge, the AIG spinout, announced seven months ago, closed this week (< USD 4bn). Nippon Life
Insurance
Melon, a company that provides emotion management training to resolve mental and emotional issues within organizations, announced that it has provided Melon's mindfulness program to Nippon Life. Internally, Nippon Life is working on health management under the banner of "Improving Well-being and Extending Healthy Life Expectancy for