Japan agency considers partial business suspension for Prudential Life Insurance

  • Japan's Financial Services Agency is considering a partial business suspension order against Prudential Life Insurance.
  • Numerous cases involved sales staff improperly receiving money from customers.
  • The potential action would be taken under Japan's Insurance Business Act, as reported on the 2nd.

Japan's Financial Services Agency is considering a partial business suspension order against foreign-affiliated Prudential Life Insurance under the Insurance Business Act. The move follows the confirmation of numerous cases in which sales staff improperly received money from customers. The agency's consideration was reported on the 2nd, with no final order stated.

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