TOKYO, Jan 16 (News On Japan) –
In response to the insurance coverage fraud situation involving false claims by main used automobile supplier Big Motor, the Financial Services Agency (FSA) has determined to situation a enterprise enchancment order to Sompo Japan Nipponkoa and its mother or father firm, SOMPO Holdings, inside this month.
The FSA has been conducting on-site inspections of Sompo Japan since September final 12 months and of SOMPO Holdings since November, in relation to this situation.
According to sources, the FSA has solidified its plan to situation enterprise enchancment orders to each firms by the top of this month. Sompo Japan had assigned a complete of 43 staff to Big Motor and, regardless of being conscious of the potential for fraud, was the one main insurance coverage firm to renew transactions with them, indicating an in depth relationship.
The FSA intends to demand enhancements within the administration management programs of each firms.
Source: TBS NEWS
News On Japan – Jan 16
In response to the insurance coverage fraud situation involving false claims by main used automobile supplier Big Motor, the Financial Services Agency (FSA) has determined to situation a enterprise enchancment order to Sompo Japan Nipponkoa and its mother or father firm, SOMPO Holdings, inside this month.
News On Japan – Jan 16
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NHK – Jan 15
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News On Japan – Jan 15
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News On Japan – Jan 15
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NHK – Jan 14
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News On Japan – Jan 13
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News On Japan – Jan 13
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News On Japan – Jan 13
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News On Japan – Jan 12
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News On Japan – Jan 12
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NHK – Jan 12
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