Japan Post problem Disposal to Japan Post etc. after on-site inspection Financial Services Agency December 14th 4:48
Due to inappropriate sales of Japan Post Insurance, the Financial Services Agency has completed an on-site inspection of the company since September, and is considering administrative sanctions against Japan Post and Japan Post. The Ministry of Internal Affairs and Communications is also considering administrative measures.
With regard to insurance at Japan Post Insurance, many customers found unsuitable insurance sales, etc., when customers switched from old contracts to new contracts, leaving customers without new insurance. Since then, the Financial Services Agency has conducted on-site inspections at Japan Post and Japan Post, which sells insurance.
According to the officials, the inspection was completed by the end of this week, and the FSA was set up with a high sales target that was not suitable for its ability and the workplace was overly focused on achieving quotas. I don't understand and I think there was a problem with the management system. Therefore, at the end of this month, we are considering administrative sanctions on Japan Post Insurance, Japan Post, and the parent company Japan Post.
In the future, based on the results of internal surveys compiled by Japan Post, we will carefully determine whether to dispose of the disposal or to suspend some of the operations.
The Ministry of Internal Affairs and Communications also considers administrative sanctions such as a business improvement order to Japan Post and Japan Post, considering that there was a problem in the governance of the group.