EconomyFee revisions trigger a wave of selection as Japan’s regulator pressures insurers and agencies to review practices
Japan’s non-life insurers are being pressed to reconsider the points-based system used to pay commissions to agencies. Major insurers appear intent on selecting which agencies they retain. If the changes are implemented, smaller and midsize agencies could be pushed out. The commission revisions are already prompting agencies to cry out under the pressure. The dispute has also expanded into a political battle involving the financial regulator and other interested parties.
Fee revisions trigger a wave of selection as Japan’s regulator pressures insurers and agencies to review practices
Economy