Regarding the issue of the four major non-life insurance companies adjusting fire insurance premiums in advance, Minister of State for Finance Suzuki formally announced that he had requested additional reports from the four companies, and emphasized that if a problem is recognized, it will be dealt with strictly.
It is known that there were several cases in which the four major non-life insurance companies, Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, were suspected of adjusting the price of their co-insurance premiums.
At a press conference after the Cabinet meeting on July 8, Minister for Financial Services Suzuki formally announced that he had issued an additional reporting order on July 5, following the request for reports from the four companies in May and June, and said, "We have determined that it is necessary to conduct a comprehensive and in-depth investigation. I emphasized.
The Japan Fair Trade Commission has begun interviewing each company on suspicion of violating the Antimonopoly Act, but the Financial Services Agency has indicated that it will receive reports from the four companies by the end of September and take strict action if there are any violations of laws and regulations.