Tokio Marine & Nichido Fire Insurance will probe its car insurance products that have been sold by Japan Post Co. on commission, following the latter’s mismanagement scandal that rocked the former state-owned firm.
The products, which were co-created by Tokio Marine and four other major general insurers, are to be reviewed following the Japan Post Company’s admission that it had mismanaged around 90,000 of its life insurance policies sold through its network of post offices, Jiji Press reported.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.