The Japanese insurance market is the second largest in the world, and is key to global insurance groups. European insurers bring their expertise to the market and provide proven insurance products to the Japanese consumer to meet their insurance needs, but continue to encounter regulatory obstacles that can limit efficient development of their businesses.
The EBC Insurance Committee works to achieve a principles-based regulatory regime, under which the regulator focuses on risk management and allows innovation and flexibility, thereby allowing the insurance market to adapt appropriately and deal with changes in policyholder needs and changing financial conditions.