Regulatory Alerts2012-06-05
Inspection Manual for Insurance Companies
Issued by Japanese financial regulators in January 2012, this manual establishes the framework and standards for inspecting insurance companies to ensure business soundness and customer protection. It mandates a risk-focused, forward-looking inspection approach that emphasizes in-depth analysis of root causes and dynamic improvement efforts rather than mechanical compliance. The document provides detailed checklists for governance, legal compliance, sales management, and various risk areas to guide inspectors in evaluating internal control systems and corporate responsibility.
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