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Sompo J Big Motor can’t acknowledge fraudulence and units up an exterior investigative committee | NHK

In the issue of fraudulent insurance coverage claims by Big Motor, the most important non-life insurance coverage firm “Sompo Japan” took a severe take a look at the truth that it couldn’t acknowledge the fraud, and introduced that it might arrange an investigation committee of outdoor legal professionals and examine the info once more.

Sompo Japan Insurance has had an in depth relationship with Big Motor for a few years, together with the secondment of a complete of 37 individuals since 2011.

The three main non-life insurance coverage firms, together with Sompo Japan, stopped entrusting the restore of accident autos to Big Motor final summer time when the issue of fraudulent claims was found, however solely “Sompo Japan” briefly resumed enterprise.

Based on an inside investigation, the corporate defined that the seconded worker was unaware of the fraudulent declare.

Sompo Japan Insurance Co., Ltd. commented, “We deeply apologize for causing great inconvenience and concern to customers who had their cars repaired by Big Motor and to everyone involved. We will take necessary measures after analyzing the root cause.”

Regarding this concern, the Financial Services Agency plans to request non-life insurance coverage firms to report based mostly on the Insurance Business Law.