TOKYO/SYDNEY — Japan Post Insurance Co plans to raise holdings of foreign bonds, primarily U.S. corporate debt, in the financial year to March 31, 2021, a senior executive said on Friday. History September 1, 2006 - It started as the "preparation company (準備会社)". 2-29-9 805-806, Minami-Aoyama, Minato-ku,Tokyo Japan #107-0062. Japan Post -- responsible for selling the postal group's life insurance products, known as Kampo, to private customers -- also has an audit committee with a majority of external directors. As the cost of currency hedging is tied closely to interest rates, dollar hedging costs have risen due to the U.S. Federal Reserve’s steady rate hikes. Since its launch last April, the returns for Kampo's ESG fund have beaten the benchmark Topix index by 2.5 percentage points, MSCI Japan ESG by 0.5 percentage points and FTSE Blossom by 2.7 percentage points, as of March 8, Tachibana said. Don't have an account? Template:Infobox Company Template:Nihongo, or かんぽ for short, is a Japanese life insurer that was established on October 1, 2007, with the privatization of Japanese Kampo Life Insurance (Kan'i Hoken). Japan Post Insurance officials said the firm was cautious about buying foreign bonds without currency hedging, considering the potential rise in the yen a serious risk. One third of all Japanese government employees worked for Japan Post. Register now to read this article and more for free. "Simple Insurance").It is part of the Japan Post Holdings group. Japan Post Insurance plans to step up investment in risk assets including stocks, foreign bonds and alternative investments in the year through March 2018, investment planning officials said on Wednesday (26/04). Japan Post Insurance, also known as Kampo, does not plan to increase foreign bonds without currency hedging, wary of risks that the safe-haven yen could strengthen, officials also said. “We expect the U.S. economy to keep growing firmly for now. Also, subject to regulatory approval, Japan Post Insurance (Kampo) will enter into an agency contract with Aflac Japan to begin distributing Aflac Japan's cancer insurance products at all of Kampo's 79 directly managed sales offices. The insurer has increased investment in riskier assets since it was partially privatized in 2015. Japan Post Holdings said 26,036 Kampo policyholders have called to request refunds for overpaid premiums or corrections of their now disadvantageous terms. Please check your spam or junk folder just in case. Kampo sees the dollar trading between 100 and 120 yen in the current half year. Sections of this page. October 1, 2007 - It started with the division and privatization of Japan Post. Japan Post Insurance Co., Ltd. (株式会社かんぽ生命保険 Kabushiki-gaisha Kampo Seimei Hoken), or かんぽ for short, is a Japanese life insurer that was established on October 1, 2007, with the privatization of Japanese Kampo Life Insurance (Kan'i Hoken, 簡易保険). As of 2005, the president of the … Japan Post Insurance and shall dispose [of such shares] as promptly as possible.”2 To date no shares have been sold, and the change in the language in the law is widely seen as a move to delay privatization and leave some residual government ownership. Japan Post Insurance Co. is suspected of repeatedly engaging in inappropriate sales tactics on elderly customers and other policyholders, including encouraging them to … Japan Post Insurance Co., Ltd. (株式会社かんぽ生命保険, Kabushiki-gaisha Kanpo Seimei Hoken), is a Japanese life insurer that was established on October 1, 2007, with the privatization of Japan Post Life Insurance (簡易保険, Kan'i Hoken). Although rising hedging costs have prompted some insurers to bring some funds back to domestic bonds, Kampo is still looking to foreign bonds for yield enhancement. “At that point, the yen could strengthen,” Asai added. Infobox Company company_name = Japan Post Insurance Co., Ltd. company_ company_type = Subsidiary of Japan Post Holdings Co., Ltd. (currently government owned) foundation = 2006, or establishment of the Postal Life Insurance Services (Kampo) in 1916 October 1, 2007 - It started with the division and privatization of Japan Post. One third of all Japanese government employees worked for Japan Post. Japan Post Insurance and shall dispose [of such shares] as promptly as possible. Japan Post Insurance, also known as Kampo, does not plan to increase foreign bonds without currency hedging, wary of risks that the safe-haven yen could strengthen, officials also said. Japan Post Insurance Co. Ltd. operates life insurance business. In October 2017, they actualized their shift in product policy by introducing medical riders into their insurance policies. A big selling point for Japan Post Insurance is that its products are easily accessible through the country's numerous post offices, even for elderly customers. Japan Post (日本郵政公社, Nippon Yūsei Kōsha) was a government-owned corporation in Japan that existed from 2003 to 2007, offering postal and package delivery services, banking services, and life insurance. Japan Post Insurance checked about 21,000 new contracts concluded in November 2018 in an in-house investigation. Most relevant news about JAPAN POST INSURANCE CO., LTD. 11/10: JAPAN POST INSURANCE CO., LTD.: half-yearly earnings release 11/01: Stories on Japan insurers investment plans available in PDF file Tokyo, June 15 (Jiji Press)--Japan Post Insurance Co. 7181> President and Chief Executive Officer Tetsuya Senda apologized to shareholders for improper sales of Kampo insurance … The … The following is the corporate profile of Japan Post Insurance Co., Ltd. Go to Web Site of Japan Post Insurance Co., Ltd. Corporate Profile. Click here to register, Not for publication, email or dissemination, 2021 Outlook: The Asia-Pacific markets most likely to see distress, 2021 Outlook: UBS sees European retail and offices still attracting high-risk capital, 2021 Outlook: Cashflow will be king in North American fundraising, 2021 Outlook: Nuveen sees impact investing rising in importance, 2021 Outlook: Evercore sees more funds getting a new lease on life, Top 5 technology trends in a disrupted property world, GRESB benchmark participation rose in 2020 despite covid-19, Urban Land Institute: Cities’ readiness for climate change is key. Kampo sees the dollar trading between 100 and 120 yen in the current half year, it currency-hedged..., it reduced currency-hedged Holdings of foreign bonds, officials said perspective has received scant attention and was nation! ] as promptly as possible access the shared article your inbox following a! Japan and was the nation 's largest employer, with over 400,000 employees and ran Post. 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