Four main non-life insurance coverage firms, together with Tokio Marine & Nichido Fire Insurance, are suspected of pre-adjusting fireplace insurance coverage premiums for firms. I do know what I did.
The FSA has issued orders to report back to 4 main non-life insurance coverage firms: Tokio Marine & Nichido Fire Insurance, Sompo Japan, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa General Insurance.
Insurance for firms is commonly shared by a number of insurance coverage firms due to the elevated threat, however in response to folks concerned, the 4 firms are chargeable for insurance coverage premiums similar to fireplace insurance coverage for Tokyu, a serious non-public railway firm. There is a suspicion that it was adjusted to the identical stage prematurely.
If enterprise operators contact one another and collectively resolve the worth, there’s a chance that it’ll violate the Antimonopoly Act as a cartel. I settle for that
Tokio Marine & Nichido Fire Insurance Co., Ltd., which performed a central function in underwriting this insurance coverage, stated, “We sincerely apologize for the concern and inconvenience caused to our customers and related parties due to our improper conduct. It is true that I received a report request order, and I would like to respond sincerely.”