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JAPAN POST INSURANCE Co., Ltd.

Japan Post Insurance Co., Ltd. provides life insurance products and services in Japan. It also offers agency services for other insurance companies, including foreign insurance companies and financial institutions; personal and asset accumulation pension insurances; and reinsurances, as well as handles the administration of postal life insurance contracts. In addition, the company is involved in the acquisition of real estate and securities, securities lending, and deposits businesses; information system design, development, maintenance, and operation contracting; and investment management business, such as investment advisory and agency business. It offers its products through directly managed sales offices and post offices to individual and corporate customers. The company was incorporated in 2006 and is headquartered in Tokyo, Japan.

Price · split & dividend adjusted
News & notes moving 7181.JP
7181.JP

Corruption scandals rock Japan Post Group, experts call for governance overhaul

A series of bribery cases involving employees at Japan Post Group has prompted experts to warn of the need for a fundamental rebuilding of governance. In May, the Tokyo Metropolitan Police arrested a former employee of Japan Post's Tokyo branch for allegedly accepting bribes in return for favors related to a bidding process for mail collection services. This month, a former Japan Post employee was referred to prosecutors for allegedly influencing a bidding process for post office reconstruction work to secure contracts. Shigeru Tachihara, professor emeritus at Tokai University, noted that with the two financial arms, Kampo Life and Yucho Bank, propping up earnings, Japan Post faces limited growth prospects, leading to a decline in compliance awareness across the group. He pointed out that nearly 20 years after privatization, employees' sensitivity to bribery may have faded, and stressed that a fundamental organizational reform to rebuild governance is necessary for the public service.
時事通信·28dRead more ▾
7181.JP2

Japan Post Insurance and Scor sign MoU on reinsurance vehicle

Japan Post Insurance and French reinsurer Scor have signed a memorandum of understanding on ceding underwriting risks linked to postal life insurance policies. Under the agreement, Scor will establish, invest in and operate a reinsurance vehicle that will assume underwriting risks held by both companies, providing risk diversification benefits. Japan Post Insurance will also invest in the vehicle to support its financial soundness. The parties plan to continue discussions on transaction details, with completion subject to final agreement and regulatory approvals.
Life Insurance International·47dRead more ▾